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 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 Date Sep 24, 2018 to Sep 27, 2018
Listing Date Monday, October 8, 2018
Face Value ₹10 per share
Price ₹26 per share
Lot Size 4000 Shares
Issue Size1,644,000 shares of ₹10
(aggregating up to ₹4.27 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

Rajnandini Metal IPO Lot Size

The Rajnandini Metal IPO 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
Retail (Min) 1 4000 ₹104,000
Retail (Max) 1 4000 ₹104,000

Rajnandini Metal IPO Review

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...

Rajnandini Metal IPO Subscription Status (Bidding Detail)

The Rajnandini Metal IPO is subscribed 1.38 times on Sep 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)

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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
Listing In
IPO Price ₹26 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

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

Rajnandini Metal IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Rajnandini Metal IPO Review

Rajnandini Metal IPO Recommendation Summary

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Rajnandini Metal IPO FAQs

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 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 .

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.

The Rajnandini Metal IPO listing date is on Monday, October 8, 2018.
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Rajnandini Metal IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



5. Small Investor |   Link |Oct 8, 2018 10:47:28 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)

34% up
5.1. traderji |   Link |Oct 8, 2018 11:10:15 AM
what is the script code?
4. Sureshh |   Link |Sep 25, 2018 5:39:36 PM
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.
4.1. Mahesh |   Link |Oct 8, 2018 11:30:11 AM
34% up on listing
Probably you should know how to assess lead advisors and Advisors ;)
3. Abhishek Shahi |   Link |Sep 24, 2018 3:05:55 PM
close circle subscription
2. Small Investor |   Link |Sep 24, 2018 2:27:30 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
NII Fully Subscribed
1. DownriteVJ |   Link |Sep 24, 2018 1:14:56 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail 0.00X
Overall 0.70X