Rajnandini Metal IPO

Rajnandini Metal IPORajnandini Metal IPO overview - Rajnandini Metal is in the business of trading of scrap of all types of ferrous and Non ferrous Metals such as Copper Wires, ingot scrap, and other related items used in various electrical and industrial applications. The company works as a crucial business interface, networking between manufacturers / processors / yards and consumers / traders across the country. Its product portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards of all types of ferrous and Non ferrous Metals according to customer specifications.

The company operates as an important intermediary in the Metals Supply Chain whereby it purchases materials such as Annealed/Un-Annealed Copper Wires, Copper Wires, Brass Scrap, Aluminium ingot, Zinc ingot etc. from various suppliers and supplies the same to customers in the Metal Business. The company’s business model is based on B2B model wherein the company sells the scrap to the business enterprises who further transform the scrap in to finished product as per their requirements. The company operates three warehouses in Daulatpur, New Delhi; NIT Faridabad; and LIbaspur, New Delhi.

Promoters of Rajnandini Metal – Mr Het Ram and Mrs Mithlesh Sharma
Rajnandini Metal IPO details
Subscription Dates24 - 27 September 2018
IPO Price bandINR26 per share
Fresh issue 1,644,000 shares (INR4.27 crore)
Offer for saleNil
Total IPO size1,644,000 shares (INR4.27 crore)
Minimum bid (lot size)4,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnNSE Emerge SME platform
Use of funds
  • Working Capital Requirements - INR3.50 crore
  • General Corporate Purpose - INR0.42 crore
  • Issue Expenses - INR0.35 crore
Rajnandini Metal's  financial performance (in INR crore)
Total revenue90.1104.4109.8136.5127.3141.2
Total expenses89.5103.8109.2135.9126.5139.7
Profit after tax0.390.410.550.320.550.94
Rajnandini Metal's Contact Details

Rajnandini Metal Limited
3E/17 B.P. N.I.T

Phone: +91 0129-4074043
Email: [email protected]
Website: www.rajnandinimetal.com

Rajnandini Metal IPO Subscription Details
DaySubscription (no. of times)
Day 10.92
Day 20.99
Day 31.19
Day 41.31


Rajnandini Metal Valuation (For FY2018)

Earnings Per Share (EPS): INR2.09

Price/Earnings (P/E) ratio: 12.41

Return on Net Worth (RONW): 11.74%

Net Asset Value (NAV): INR17.84 per share

Registrar of Rajnandini Metal IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]
Website: www.bigshareonline.com

Rajnandini Metal IPO Allotment Status

Rajnandini Metal IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Rajnandini Metal

IPO Opening Date: 24 September 2018

IPO Closing Date: 27 September 2018

Listing Date: 8 October 2018

Listing Price on NSE SME: INR35 per share (up 34.61% from IPO price)

Closing Price on NSE SME: INR33.25 per share (up 27.88% from IPO price)

Rajnandini Metal IPO
3.3 (66.67%) 6 vote[s]

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