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Rajputana Industries Limited IPO Soars: 90% Premium Entry, Lists at ₹72.20! 

Rajputana Industries Limited, made a strong debut on the NSE SME, opening at ₹72.20, 90% above the issue price of ₹38, showcasing substantial market interest in its initial public offering.
Rajputana Industries Limited IPO Soars: 90% Premium Entry, Lists at ₹72.20! 

Rajputana Industries Limited IPO debuted on August 6 on the NSE SME platform, with shares listing at a 90% premium at Rs 72.20, above the issue price of ₹38. The Rs 23.88 crore issue offered 62.85 lakh shares.

Rajputana Industries Limited’s IPO on day 3 was oversubscribed by 376.41 times, with retail at 524.61 times, QIBs at 177.94 times, and NIIs at 417.95 times. It also raised Rs 6.12 crores from anchor investors on July 29.

Rajputana Industries Limited, based in Reengus Extension, Sikar, Rajasthan, specializes in transforming recycled scrap metal into aluminum, copper, brass, and alloy billets. They manufacture and sell wires, tubes, bars, and rods of non-ferrous metals. Expanding their portfolio, they are entering the cable manufacturing sector, focusing on residential and submersible cables for the construction industry.

Rajputana Industries Limited’s IPO aim is to raise capital for expanding its production capacity, particularly by entering the cable manufacturing business. The funds will likely be used to set up a new plant for residential and submersible cables in their existing Reengus Sikar facility, enhance operational efficiencies, and possibly reduce existing debt.

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