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 Dates 24 - 27 September 2018
IPO Price band INR26 per share
Fresh issue 1,644,000 shares (INR4.27 crore)
Offer for sale Nil
Total IPO size 1,644,000 shares (INR4.27 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE 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)
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 90.1 104.4 109.8 136.5 127.3 141.2
Total expenses 89.5 103.8 109.2 135.9 126.5 139.7
Profit after tax 0.39 0.41 0.55 0.32 0.55 0.94
Rajnandini Metal's Contact Details

Rajnandini Metal Limited
3E/17 B.P. N.I.T
Faridabad
Haryana-121001

Phone: +91 0129-4074043
Email: info@rajnandinimetal.com
Website: www.rajnandinimetal.com

Rajnandini Metal IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.92
Day 2 0.99
Day 3 1.19
Day 4 1.31

 

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 
Fax: 
+91 22 2847 5201
Email:
 ipo@bigshareonline.com
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 votes

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