RAJPUTANA INDUSTRIES LIMITED
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹45(118.42%)
Premium (ELP)
RAJPUTANA INDUSTRIES LIMITED's achieved publicly listed status following its IPO debut on Aug 06, 2024 at the NSE platform. The offering successfully mobilized 62,85,000 Shares, with 62,85,000 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹36 to ₹38, starting from minimum lots of 3000 shares. The subscription window from Jul 30, 2024 through Aug 01, 2024 enabled investor participation across market segments.
Share allocation was completed on Aug 02, 2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Rajputana Industries manufactures a diverse range of non-ferrous metal products using Copper, Aluminium, Brass, and various alloys sourced from recycled scrap metal. The scrap is processed into billets at its in-house facility in Reengus, Sikar, Rajasthan, which are either sold to other manufacturers or further converted into Copper and Aluminium rods, Copper mother tubes, Brass wires, super-enameled copper conductors, and related products. The company produces rods, wires, tubes, bars, billets, and strips in various shapes and sizes to meet customized industry requirements. With an annual installed capacity of 9,860 MT as of March 31, 2023, and equipped with advanced machinery and an in-house quality testing lab, Rajputana Industries ensures high-quality output across its entire product portfolio.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced Team: The company has a skilled and knowledgeable senior management team along with a qualified workforce.
- Trusted Client Partnerships: Long-term relationships with clients build business stability and customer trust.
- Quality Commitment: The company prioritizes quality to deliver high-standard products that meet customer needs and industry standards.
- Conflict of Interest: If promoters or directors are involved in similar businesses, their personal interests might clash with company decisions, which could affect how the business is run.
- Negative Working Capital: The company operated with negative working capital in 2021 and 2022, meaning it might struggle to cover daily expenses, which could hurt its operations.
- Underutilized Manufacturing Capacity: The company might not fully use its manufacturing setup or newly expanded facilities, which could lower productivity and profits.
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RAJPUTANA INDUSTRIES LIMITED
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