Rajputana Industries Limited IPO Opens On July 30, 2024

From Left to Right

1. Mr Piyush Sharma - Group Marketing Head

2. Mr Ashok Holani - Director at Holani Consaltant Pvt Ltd

3. Mr. Shaikh Nasim - Chairman of Rajputana Industries Limited

4. Mr Shaikh Sahil - President of Rajputana Industries Limited

● Total Issue Size – Up To 62,85,000 Equity Shares of ₹ 10 each

● Issue Size – ₹ 23.88 Crores (At Upper Band) 

● Price Band – ₹ 36 to ₹38 Per Share

● Lot Size – 3,000 Equity Shares

Mumbai, July 24, 2024 – Rajputana Industries Limited has emerged as a key player in the non-ferrous metal recycling sector, offering products made from Copper, Aluminium, Brass, and alloys, has announced its plan to go public with an Initial Public Offering (IPO) on July 30, 2024, aiming to raise ₹ 23.88 Crores, with shares to be listed on the NSE Emerge platform.

The issue size is Up To 62,85,000 equity shares at a face value of ₹ 10 each.

Equity Share Allocation

● QIB Anchor Portion – Up to 16,11,000 Equity Shares

● Qualified Institutional Buyers (QIB) – Up to 10,74,000 Equity Shares

● Non-Institutional Investors (NII) – Not less than 9,00,000 Equity Shares

● Retail Individual Investors (RII) – Not less than 20,10,000 Equity Shares

● Employee Reservation – Up to 30,000 Equity Shares

● Shera Energy Limited Shareholders Reservation – Up to 3,00,000 Equity Shares

● Market Maker – Up to 3,60,000 Equity Shares

The net proceeds from the Issue are set to be utilized primarily to Funding of Working Capital Requirement of the company, Purchasing a Grid Solar Power Generating System, and General Corporate Purposes. The bidding for the Anchor portion will open on July 29, 2024, the issue will open for subscription on July 30, 2024 and closes on August 01, 2024.   

                                                                                                                      

The Lead Manager to the Issue is Holani Consultants Private Limited, The Registrar to the Issue is Bigshare services Private Limited.

Mrs. Shivani Sheikh, Chairman and Managing Director of Rajputana Industries Limited Expressed, " "We are delighted to announce our upcoming IPO on NSE Emerge Platform. The proceeds from this issue will be strategically utilized to meet our working capital needs, invest in a Grid Solar Power Generating System for sustainable power generation, and address general corporate purposes.

This IPO milestone marks an exciting new chapter for Rajputana Industries Limited. We are confident that it will enable us to fund our working capital requirements and foster sustainable growth. Our investment in solar generation will not only reduce power costs but also benefit the environment. And this IPO will enhance our visibility among stakeholders."

Mr. Ashok Holani, Director & CEO of Holani Consultants Private Limited said, "Rajputana Industries excels in transforming scrap metal into premium products, specializing in copper, aluminum, brass, and alloys. With the non-ferrous metal recycling industry on a growth trajectory, Rajputana Industries has consistently expanded by leveraging market opportunities and in-house manufacturing capabilities. 

This IPO will enhance operational efficiency and support sustainable growth, solidifying Rajputana Industries' leadership in the sector."

About Rajputana Industries Limited:

Rajputana Industries Limited, initially Rajputana Industries Private Limited, was incorporated in 2011 and became a public company in May 2023. The Company manufacture non-ferrous metal products from recycled scrap, including Copper and Aluminium items. They are expanding into cable manufacturing for construction, with a new plant in our Sikar facility costing ₹ 5.88 Crores, funded by bank borrowings and internal accruals, construction is underway and the project is expected to be operational by September 2024, with a production capacity of 13,000 Kw.

In FY24, The Company achieved a Revenue of ₹ 32,650.56 Lakhs, EBITDA of ₹ 1,815.78 Lakhs, & PAT of ₹ 512.64 Lakhs

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.