Schedule of Rajputana Industries
| Issue open date | 30 Jul 2024 |
| Issue close date | 01 Aug 2024 |
| UPI mandate deadline | 01 Aug 2024 (5 PM) |
| Allotment finalization | 02 Aug 2024 |
| Refund initiation | 05 Aug 2024 |
| Share credit | 05 Aug 2024 |
| Listing date | 06 Aug 2024 |
| Mandate end date | 16 Aug 2024 |
| Lock-in end date for anchor investors (50%) | 02 Sep 2024 |
| Lock-in end date for anchor investors (remaining) | 31 Oct 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Rajputana Industries
Rajputana Industries Limited’s IPO is scheduled to launch on July 30, 2024, with subscriptions closing on August 01, 2024. Incorporated in 2011, the company specializes in the manufacturing of diverse non-ferrous metal products from primarily recycled scrap metal, including copper, aluminium, brass, and various alloys.
The company’s facility, located in Sikar, Rajasthan, processes scrap metal into billets. These billets are then utilized either to manufacture or sell products such as copper rods, aluminium rods, copper mother tubes, and brass wires. The products are used across a range of industries, including electrical and electronics, automotive, plumbing, construction, industrial equipment, HVAC, and renewable energy. The company holds ISO 9001:2015, ISO 45001:2018, and ISO 14001:2015 certifications, reflecting its adherence to quality management, occupational health safety, and environmental management standards.
Financials of Rajputana Industries
Issue size
| Funds raised in the IPO | Amount |
| Overall | ₹23.88 crores |
| Fresh issue | ₹23.88 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 14 (58.63%) |
| Purchase of Grid solar power | 4.50 (18.84%) |
*All figures except EPS are in ₹ crores
Strengths
- Experienced management team: Led by experienced promoters with extensive industry knowledge and a capable workforce.
- Strong client relationships: Established long-term relationships with key customers, ensuring repeat business and customer loyalty.
- Focus on quality: Adherence to high-quality manufacturing standards with rigorous quality checks and an in-house laboratory.
- Established manufacturing facilities: Fully equipped manufacturing facilities strategically located in prominent industrial areas.
Risks
- Related party transactions: High dependency on promoter group companies for revenue. These transactions may involve conflicts of interest and may not be on the best terms.
- Company’s supplier dependency: The company has significant reliance on a limited number of suppliers. Any failure in delivery or quality from these suppliers can adversely affect operations.
- Negative cash flow: The company has sustained negative cash flow from operating, investing, and financing activities. This could impact the company’s growth and business sustainability.
- Raw material price fluctuations: The company is exposed to price volatility of copper, brass, and aluminium. Lack of long-term supply agreements increases the risk to profitability.