Rajputana Industries IPO Subscription Status

Last updated on August 1, 2024

Rajputana Industries IPO subscription started on 30 July 2024 and will close on 1 August 2024. Rajputana Industries plans to raise around INR 22.63 – 23.88 crores via the IPO. The price band is fixed at INR 36 – 38 per share. The Rajputana Industries IPO market lot has 3,000 shares and the minimum application amount is INR 1,14,000. The retail quota is 35%, QIB is 50% and NII is 15%.

Check Rajputana Industries IPO subscription status here. The subscription figures are taken from NSE EMERGE and are updated at regular intervals. The public issue has QIB, NII, and Retail categories for the subscription. Here you can find Rajputana Industries IPO subscription status segregated by days and investor categories.

Rajputana Industries IPO Subscription Status – Live Updates

The market maker reservation portion of 3,60,000 equity shares and anchor allocation portion of 16,11,000 shares are not included in the above calculations.

Founded in 2011 and based in Reengus, Sikar, Rajasthan, Rajputana Industries specializes in manufacturing a diverse range of non-ferrous metal products, including copper, aluminum, brass, and various alloys. The company primarily utilizes recycled scrap metal sourced from open markets, converting it into billets through its in-house manufacturing processes. These billets are further processed into products such as copper rods, aluminum rods, brass wires, and super-enameled copper conductors, catering to various market demands.

To diversify its product offerings, Rajputana Industries plans to enter the cable manufacturing sector, focusing on residential and submersible cables for the construction industry. A new cable plant is expected to be operational by September 2024, with an estimated production capacity of 13,000 Kw.

Investor Categories in Rajputana Industries IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of the Rajputana Industries IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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Rajputana Industries IPO Subscription Status FAQs