Rajnandini 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: [email protected]
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 |
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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 LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â 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)
