Rajputana Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹38
Per ShareLot Size
3000 Shares
Minimum Investment
₹1,14,000
Issue Size
₹23.88 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
36%
QIB Quota
48%
NII Quota
16%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Rajputana Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
88.9%
Issue Type
Book Building - SME
ISIN
INE0PCU01012
About the Company
The Company is primarily engaged in the business of manufacturing of diverse range of non-ferrous metal products from primarily Copper, Aluminium, Brass and various alloys from recycling of scrap metal. It procures scrap metal from open markets and convert them into billets made of metals like aluminium, copper or brass etc. through recycling in its inhouse manufacturing unit situated at SP-3, SKS Industrial Area, Reengus Extension, Sikar, Rajasthan.
Industry Overview
The world Copper Mine production from April 2022 to March 2023 was about 22,052 thousand metric tonnes (TMT). The share of India in the world production was 24.77 TMT i.e. 0.11% during April 2022 to March 2023. The world Refined Copper Production from April 2022 to March 2023 was about 26,108 TMT against world consumption of 26,239 TMT. As per International Copper Study Group forecast dated 28.04.2023 for the Calendar Year 2023, world Refined Copper production and consumption are projected as 26,419 & 26,431 TMT respectively.
Company History
Rajputana Industries Limited was originally incorporated as a Private Limited Company in the name of "Rajputana Industries Private Limited" under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated June 13, 2011, issued by the RoC, Rajasthan, bearing Corporate Identification Number U31909RJ2011PTC035485. Subsequently, the company was converted into Public Limited Company vide shareholders resolution passed at the Extra-Ordinary General Meeting held on April 21, 2023 and name of company was changed to "Rajputana Industries Limited" pursuant to issuance of Fresh Certification of Incorporation dated May 04, 2023 by Registrar of Companies, Jaipur bearing Corporate Identification Number U31909RJ2011PLC035485.
Products & Services
- The Company is primarily engaged in the business of manufacturing of diverse range of non-ferrous metal products.
Growth Strategy
- Expanding its customer base.
- Increasing operational efficiencies to enhance returns.
- Invest in infrastructure and technology.
- Product Enhancement and Quality Focus.
- Customer Engagement for Brand Growth.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of 62,85,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Rajputana Industries Limited ("The Company" or "Company" or "Issuer") for cash at a price of Rs. 38/- per equity share (including a share premium of Rs. 28/- per equity share), aggregating to Rs. 22.88 crores ("The Issue"). This issue includes a reservation of 3,60,000 equity shares aggregating to Rs. 1.37 crores (constituting 1.62% of the post-issue paid up equity share capital of the company) for subscription by the market maker ("Market Maker Reservation Portion") 30,000 equity shares aggregating to Rs. 0.11 crores (constituting 0.14% of the post-issue paid up equity share capital of the company) for subscription by eligible employees ("The Employee Reservation Portion") and 3,00,000 equity shares aggregating to Rs. 1.14 crores (constituting 1.35% of the post-issue paid up equity share capital of the company) for subscription by the Shera Energy Limited shareholders ("The Shera Energy Limited shareholders reservation Portion"). The issue less market maker reservation portion, employee reservation portion and Shera Energy Limited shareholders reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 28.29% and 25.19% respectively of the fully diluted post issue paid up equity share capital of the company. The company, in consultation with the book running lead manager, has undertyaken a pre-ipo placement of 6,00,000 equity shares for cash consideration aggregating to Rs. 2.28 crores. The size of the fresh issue as disclosed in the draft red herring prospectus, aggregating up to 68,85,000 equity shares, has been reduced by 6,00,000 equity shares pursuant to the pre-ipo placement, and accordingly, the fresh issue is for an aggregate up to 62,85,000 equity shares and the minimum issue size shall constitute at least 10% of the post-issue paid-up equity share capital of the company, in compliance with rule 19(2)(b) of the scrr.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced senior management team and qualified workforce.
- Long standing relationships with existing clientele.
- Focus on Quality.
- Established Manufacturing facility.
- Innovative Ideas.
- The company derives 51.33%, 90.60% and 93.66% of its revenue from the company Promoter Group Companies and Promoting Company for the Financial Years ended on March 31, 2024, 2023 and 2022 respectively. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that the company could not have achieved better terms, had such arrangements been entered into with unrelated parties.
- The company is highly dependent upon a limited number of suppliers 79.49%, 87.42% and 92.75% of its Total Purchases are derived from the company's top 10 suppliers for the Fiscal Years ended on March 31, 2024, 2023 and 2022. Further its 45.98%, 52.35%, and 73.18% of the company total purchases for Fiscal Years ended on March 31, 2024, 2023 and 2022 are procured from its holding and group companies. Any failures of the company suppliers to deliver these products in the necessary quantities or to adhere to delivery schedules, credit terms or specified quality standards and technical specifications may adversely affect its business and the company's ability to deliver orders on time at the desired level of quality.
- The company has in the past entered into transactions with related parties and may continue to do so in the future. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that the company could not have achieved better terms, had such arrangements been entered into with unrelated parties.
- Its Promoters or Directors may have interests, either directly or indirectly, in ventures involved in a business similar to it or its Holding Company may be involved in a business similar to it, which may result in a real or potential conflict of interest.
- The Company was operating with negative working capital for the fiscal year 2021 and 2022. Its inability to meet the company working capital requirement may have adverse effect on its results of operations.