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

IPO DateSep 24, 2018 - Sep 27, 2018
Issue TypeFixed Price Issue IPO
Issue Size1,644,000 Eq Shares of ₹10
(aggregating up to ₹4.27 Cr)
Face Value₹10 Per Equity Share
IPO Price₹26 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtNSE SME

Rajnandini Metal IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum14000₹104,000
Maximum14000₹104,000

Rajnandini Metal IPO Subscription Status (Bidding Detail)

Rajnandini Metal IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

780,000

780,000

1,560,000

Sep 27, 2018 18:30

2.38x

0.38x

1.38x

Rajnandini Metal IPO Prospectus

Rajnandini Metal IPO Rating

31
2.4
Rating:Rated 2.4 stars

Vote Here ...

Rajnandini Metal IPO Listing Date

Listing DateMonday, October 8, 2018
BSE Script Code
NSE SymbolRAJMET
Listing In
ISININE00KV01014
IPO Price₹26 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
NSE SME
IPO Price:₹26.00
Open:₹35.00
Low:₹33.25
High:₹35.00
Last Trade:₹33.25
Volume:8,000

Rajnandini Metal IPO Reviews / Ratings

Company Contact Information

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/

Rajnandini Metal IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Rajnandini Metal IPO FAQs

  1. 1. What is Rajnandini Metal IPO?

    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 price of the IPO is ₹26 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When Rajnandini Metal IPO will open?

    The Rajnandini Metal IPO opens on Sep 24, 2018 and closes on Sep 27, 2018.

  3. 3. How to apply for Rajnandini Metal IPO?

    Rajnandini Metal IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Rajnandini Metal IPO allotment?

    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.

  5. 5. When is Rajnandini Metal IPO listing date?

    The Rajnandini Metal IPO listing date is on Monday, October 8, 2018, at NSE SME.
  6. 6. What is the lot size of Rajnandini Metal IPO?

    Rajnandini Metal IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

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Rajnandini Metal IPO Review / Comments

Small Investor
5. Small Investor  Oct 8, 2018 09:47
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
wohhhh

34% up
traderji
5.1. traderji  Oct 8, 2018 10:10
what is the script code?
Sureshh
4. Sureshh  Sep 25, 2018 16:39
Pros:
Anybody please tell me

Cons:
1.      NO CAPITAL INFUSION IN THE COMPANY FROM PAST 6 YEARS!!!!
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:
AVOID

Lead Managers and Advisors should know how to assess a company before going into a Public Offer. PATHETIC.
Mahesh
4.1. Mahesh  Oct 8, 2018 10:30
34% up on listing
Probably you should know how to assess lead advisors and Advisors ;)
Abhishek Shahi
3. Abhishek Shahi  Sep 24, 2018 14:05
close circle subscription
Small Investor
2. Small Investor  Sep 24, 2018 13:27
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
NII Fully Subscribed
1.48
DownriteVJ
1. DownriteVJ  Sep 24, 2018 12:14
IPO Guru IPO Guru (1200+ Posts, 1100+ Likes)
Retail 0.00X
Overall 0.70X






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