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Rajnandini Metal Limited IPO (Rajnandini Metal IPO) Detail

Sep 24, 2018 - Sep 27, 2018

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.

Company Promoters:

The Promoters of the Company are Mr. Het Ram and Ms. Mithlesh Sharma.

Company Financials:

Summary of financial Information (Restated)
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

Objects of the Issue:

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

Rajnandini Metal IPO Details
Issue OpenSep 24, 2018 - Sep 27, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,644,000 Eq Shares of Rs 10
(aggregating up to Rs 4.27 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 26 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtNSE SME

Rajnandini Metal IPO Subscription Status (Live)

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No. of Times Issue Subscribed (BSE + NSE)

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Shares Offered




Sep 27, 2018 18:30




Rajnandini Metal IPO Prospectus

Rajnandini Metal IPO Rating

Rating:Rated 2.4 stars

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Rajnandini Metal IPO Listing Date

  •   ›  Listing Date: Monday, October 8, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: RAJMET
  •   ›  Listing In:
  •   ›  ISIN: INE00KV01014
  •   ›  Issue Price: Rs 26 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

Issue Price:
Last Trade:
Issue Price:Rs 26.00
Open:Rs 35.00
Low:Rs 33.25
High:Rs 35.00
Last Trade:Rs 33.25

Rajnandini Metal IPO Reviews / Ratings

Company Contact Information

Rajnandini Metal Limited
3E/17 B.P. N.I.T
Phone: 0129-4074043

Rajnandini Metal IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207

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Rajnandini Metal IPO Review / Comments

5. Sureshh  Sep 25, 2018 16:39 I Like It. 1 | Report Abuse Reply
Anybody please tell me

2.      I would have thought to buy it for Rs. 15/- per share and that too for listing gains only.
3.      Balance Sheet and P&L- NOT IMPRESSIVE. + Low Level of Assets !
4.      I certainly doubt if the Lead Manager had searched for Industry Peers because there are many.
5.      Shown a steep rise in Working Capital !!! WHAT FOR ??? Company hasn't changed its CC limit from past 3 years I think.

My Conclusion:

Lead Managers and Advisors should know how to assess a company before going into a Public Offer. PATHETIC.
5.1. Mahesh  Oct 8, 2018 10:30 I Like It. | Report Abuse
34% up on listing
Probably you should know how to assess lead advisors and Advisors ;)
4. Small Investor  Oct 8, 2018 09:47 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 100+ Likes)

34% up
4.1. traderji  Oct 8, 2018 10:10 I Like It. 1 | Report Abuse
what is the script code?
3. Abhishek Shahi  Sep 24, 2018 14:05 I Like It. 1 | Report Abuse Reply
close circle subscription
2. Small Investor  Sep 24, 2018 13:27 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
NII Fully Subscribed
1. DownriteVJ  Sep 24, 2018 12:14 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (1000+ Posts, 700+ Likes)
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