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Incorporated in 2010, Haryana based Rajnandini Metal Limited is a company engaged in the business of trading of covers base / primary metals, secondary metals & alloys, minor metals, ferroalloys, all ferrous & non-ferrous scraps, recyclable plastic scraps, steel products, and alloying additives for smelters and foundries.
The company operates as an intermediary in the Metals Supply Chain whereby it imports/purchases materials from various suppliers and supply the same to its customers in the Metal Business.
The company has 11 employees on its payroll.
The Promoters of the Company are Mr. Het Ram and Ms. Mithlesh Sharma.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | |
| Total Assets | 3,883.98 | 4,250.62 | 3,437.18 | 3,316.57 | 4,590.35 | 3,830.85 |
| Total Revenue | 14,115.52 | 12,730.96 | 13,654.76 | 10,983.81 | 10,437.12 | 9,010.76 |
| Profit After Tax | 102.87 | 55.21 | 31.62 | 55.41 | 40.74 | 39.07 |
The objects of the Issue are:-
1. To meet out the Working Capital requirements of the Company;
2. General Corporate Purposes and
3. Issue Expenses
| IPO Opening Date | Sep 24, 2018 |
| IPO Closing Date | Sep 27, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹26 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | 1,644,000 Eq Shares of ₹10 (aggregating up to ₹4.27 Cr) |
The Rajnandini Metal IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹104,000 |
| Maximum | 1 | 4000 | ₹104,000 |
Fully priced issue with inconsistent track record makes it a risky bet. Cash surplus, risk savvy investors may consider investment at their own risk.
Read detail review...The Rajnandini Metal IPO is subscribed 1.38 times on 9/27/2018 6:30:01 PM. The public issue subscribed 0.38 times in the retail category, times in the QIB category, and 2.38 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.38 |
| Retail | 0.38 |
| Total | 1.38 |
| Listing Date | Monday, October 8, 2018 |
| BSE Script Code | |
| NSE Symbol | RAJMET |
| Listing In | |
| ISIN | INE00KV01014 |
| IPO Price | ₹26 per equity share |
| Face Value | ₹10 per equity share |
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Rajnandini Metal Limited
3E/17 B.P. N.I.T
Faridabad
Haryana-121001
Phone: 0129-4074043
Email: info@rajnandinimetal.com
Website: http://www.rajnandinimetal.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Rajnandini Metal IPO is a SME IPO of 1,644,000 equity shares of the face value of ₹10 aggregating up to ₹4.27 Crores. The issue is priced at ₹26 per equity share. The minimum order quantity is 4000 Shares.
The IPO opens on Sep 24, 2018, and closes on Sep 27, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Rajnandini Metal IPO opens on Sep 24, 2018 and closes on Sep 27, 2018.
Rajnandini Metal IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
You can apply in Rajnandini Metal IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rajnandini Metal IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Rajnandini Metal IPO allotment status.
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