Rajputana Industries Limited

30 Jul 2024 - 01 Aug 2024 Individual Category SME NSE

Min Investment

₹216000

Price Band

₹36-₹38

Issue Size

46.74 lakhs
Equity Shares

Lot Size

3000 (per lot)

IPO Dates
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30 Jul 2024

Open Date

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01 Aug 2024

Close Date

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02 Aug 2024

Allotment Date

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06 Aug 2024

Listing Date

Rajputana Industries is open for subscription from Tuesday, July 30, 2024, and closing on Thursday, August 1, 2024. The price band for this IPO is set to Rs 36 – Rs 38 per share. Rajputana Industries IPO is offering a book-built public issue of an entirely fresh issue of Rs 62.85 lakh equity shares. The allotment for this new IPO is expected to be finalised on Friday, August 2, 2024. This IPO will be listed on the NSE SME segment on Tuesday, August 6, 2024. The minimum lot size set for the retail category is 1 lot, i.e., 3000 shares. For retail investors, the minimum and maximum investment amount required is Rs 114,000. However, for the HNI category, the maximum lot size is 2 lots, i.e., 6,000 shares amounting to Rs 228,000. The IPO is managed by Holani Consultants Private Limited, which is the book-running lead manager of this public issue. The company has appointed Bigshare Services Private Limited as the registrar for the issue.

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About Rajputana Industries Limited

Rajputana Industries Limited, established in 2011, manufactures a wide range of non-ferrous metal products, including copper, aluminium, brass, and various alloys from recycled scrap metal. The company processes scrap metal into billets at its manufacturing facility in Sikar, Rajasthan, which are then sold or used to manufacture products such as copper rods, aluminium rods, copper mother tubes, brass wires, and super-enamelled copper conductors. The company is expanding its product portfolio to include cables primarily used in residential construction and as underwater cables for motors. As of July 10, 2024, Rajputana Industries Limited employed 98 full-time staff across various departments.

Founded

2011

Managing Director

M/s Shera Energy Limited, M/s Isha Infrapower Private Limited

Parent Organization

IPO Objectives

The company intends to use the Net Proceeds from the Fresh Issue to fund several objectives. These include meeting the company's working capital requirements, purchasing a grid solar power generating system, and supporting general corporate purposes

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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