Rajputana Industries Limited is launching an IPO with a fresh issue of 62,85,000 shares worth INR 23.88 crores. The company aims to meet working capital, purchase power grids, and general corporate purposes.
Rajputana Industries IPO – Important Dates
| Rajputana Industries Limited IPO Date | July 30, 2024 to August 1, 2024 |
| Rajputana Industries Limited IPO Listing Date | August 6, 2024 |
| Rajputana Industries Limited IPO Price | INR 36-38 per share |
| Rajputana Industries Limited IPO Lot Size | 3000 shares |
| Rajputana Industries Limited IPO Total Issue Size | INR 23.88 crores |
| Rajputana Industries Limited IPO Basis of Allotment | August 2, 2024 |
| Rajputana Industries Limited IPO Initiation of Refunds | August 5, 2024 |
| Rajputana Industries Limited IPO Credit of Shares to Demat | August 5, 2024 |
| Rajputana Industries Limited IPO Issue Type | Book Built Issue IPO |
| Rajputana Industries Limited IPO Listing At | NSE SME |
Rajputana Industries Limited IPO – Company Profile
Rajputana Industries Limited manufactures diverse non-ferrous metal products from recycled scrap metal, converting them into aluminum, copper, brass, and alloy billets at their Reengus Extension, Sikar, Rajasthan unit.
Specializing in wires, tubes, bars, and rods of various shapes and sizes from non-ferrous metals, the company sells billets to manufacturers or produces products like copper rods, aluminum rods, and brass wires.
The company is entering the cable manufacturing business to enhance its product portfolio. It focuses on residential and submersible cables for the construction industry, with a new plant to be installed in the existing Reengus Sikar facility.
Rajputana Industries Ltd IPO Fundamental Analysis
Rajputana Industries Limited Technologies’ financial analysis reveals a mixed performance. Revenue increased, equity and liabilities grew, profitability and EPS improved, RoNW rose, and total assets expanded, indicating strong business growth and investor confidence.
- Revenue Trend: The revenue increased from ₹24,435.08 lakhs in March 2022 to ₹25,466.50 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 32,650.56 lakhs.
- Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly increased from ₹262.50 lakhs in March 2022 to ₹513.35 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors.
- Earnings per Share (EPS): The diluted EPS has risen from ₹1.87 in March 2022 to ₹3.34 by March 2024, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from 15.40% to 15.74%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Rajputana Industries IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 March 2024 |
| Revenue (₹ in lakhs) | 24,435.08 | 25,466.50 | 32,650.56 |
| Equity (₹ in lakhs) | 1,712.39 | 2,743.85 | 3,257.20 |
| Expenses (₹ in lakhs) | 24,097.95 | 25,106.00 | 32,014.40 |
| Profit and Loss After Tax (₹ in lakhs) | 262.50 | 307.87 | 513.35 |
| Diluted EPS only (₹) | 1.87 | 2.19 | 3.34 |
| Return on Net Worth (%) | 15.40 | 11.29 | 15.74 |
| NAV per Equity Share (₹) | 12.12 | 17.90 | 21.25 |
| Total Assets (in lakhs) | 10,236.66 | 11,781.27 | 14,974.81 |
| Total Liabilities (in lakhs) | 8,524.27 | 9,037.42 | 11,717.61 |
Rajputana Industries Limited IPO Peer Comparison
Rajputana Industries Limited, Nupur Recyclers Limited, and Baheti Recycling Limited show varying financial performance. Rajputana Industries exhibits strong earnings per share and return on net worth, while Baheti Recycling leads in total assets and profitability.
| Company | Total Revenue from Operations (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (₹ in lakhs) |
| Rajputana Industries Limited | 32,650.56 | 10 | – | 3.34 | 3.34 | 15.74 | 21.25 |
| Nupur Recyclers Limited | 18,081.81 | 10 | 62.14 | 1.54 | 1.54 | 12.32 | 12.48 |
| Baheti Recycling Limited | 42,934.29 | 10 | 40.20 | 6.94 | 6.94 | 17.30 | 40.15 |
Rajputana Industries Ltd IPO Objective
The main objective of Rajputana Industries Limited is to meet working capital and purchase power grids.
- Funding the working capital requirements of the company: The company intends to utilize INR 14 crores for working capital. Rajputana Industries manufactures non-ferrous metal products like rods, tubes, bus bars, billets, and winding wires from recycled scrap metal in Reengus, Sikar, Rajasthan.
- Purchase of 1000 KW On Grid Solar Power Generating System: The company plans to utilize INR 4.5 crores from net proceeds to purchase a 1000 KW solar power system, reducing energy costs, ensuring clean energy, and minimizing maintenance while protecting against rising energy expenses.
- General corporate purposes: The company will deploy the balance of funds towards general corporate purposes, including strategic initiatives, brand-building exercises, funding growth opportunities, and addressing unforeseen needs and contingencies as they arise.
Rajputana Industries IPO Risks And Challenges
Rajputana Industries Limited’s risk includes substantial revenue dependence on promoter group companies, potential conflicts of interest from related party transactions, and possible impacts from promoters, directors, or company interests in similar businesses.
- A substantial portion of their revenue comes from promoter group companies, exceeding 90% in recent years. Such related party transactions could lead to conflicts of interest, and more favorable terms might be possible with unrelated parties.
- They have conducted transactions with related parties and may continue to do so. These transactions may involve conflicts of interest, and there is no guarantee that more favorable terms could not be obtained with unrelated parties.
- Conflicts of interest may arise if their promoters, directors, or holding companies have interests in similar businesses, which could impact the company’s operations and decision-making due to overlapping business ventures and competing priorities.
Rajputana Industries Ltd IPO – Industry & Market Potential
From April 2022 to March 2023, India contributed to global copper mine production and increased its share in refined copper production to 0.25%. Global refined copper production and consumption remained nearly balanced.
Global primary aluminum production exceeded consumption by 1.24 million tonnes, with India contributing 5.8%. Another surplus is projected. The average LME price decreased by 19.8% from US$2,826 to US$2,268 per tonne.
Brass, a copper-zinc alloy, has varied properties based on zinc content. India’s estimated annual production is 250,000 MT, with significant centers in Jamnagar, Moradabad, and Jagadhiri. Metal supply, demand, economic events, trade policies, and geopolitical factors influence brass prices.
Rajputana Industries Limited IPO – Type of Offer
Rajputana Industries Limited is launching an IPO with a fresh issue of 62,85,000 shares worth INR 23.88 crores. The company aims to meet working capital, purchase power grids, and general corporate purposes.
Rajputana Industries IPO Offer Size
The offer size of Rajputana Industries Limited is INR 23.88 crores, consisting of a fresh issue of 62,85,000 shares. The company seeks funds to meet working capital, purchase power grids, and general corporate purposes.
Rajputana Industries Limited IPO Allotment Structure
Rajputana Industries Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 360,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 360,000 shares, are reserved for marker makers.
How to apply for a Rajputana Industries Limited IPO?
To apply for the Rajputana Industries Limited IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Rajputana Industries Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Rajputana Industries Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Rajputana Industries Limited’s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Rajputana Industries Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Rajputana Industries Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Rajputana Industries Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Rajputana Industries Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Rajputana Industries Limited Ltd IPO Offer Registrar
The registrar for the Rajputana Industries Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road,
Next to Ahura Centre, Andheri (East), Mumbai – 400093
Tel: +91 022-6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Rajputana Industries Limited Limited IPO – FAQs
1. What is Rajputana Industries Limited’s allotment date?
The allotment date of the Rajputana Industries Limited IPO is August 2, 2024.
2. What is the price band of the Rajputana Industries Limited IPO?
The price band of the issue is INR 36-38 per share.
3. What is the size of the Rajputana Industries Limited IPO?
The offer size of Rajputana Industries Limited is INR 23.88 crores, consisting of a fresh issue of 62,85,000 shares. The company seeks funds to meet working capital, purchase power grids, and general corporate purposes.
4. What is the listing date of the Rajputana Industries Limited IPO?
The listing date of Rajputana Industries Limited’s IPO is August 6, 2024.
