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 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)

Rajnandini Metal IPO Lot Size

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

Rajnandini Metal IPO Subscription Status (Bidding Detail)

The Rajnandini Metal IPO is subscribed 1.38x times on Sep 27, 2018 18:30. The public issue subscribed 0.38x in the retail category, in the QIB category, and 2.38x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	2.38x
RII	0.38x
Total	1.38x

Rajnandini Metal IPO Prospectus

› Rajnandini Metal IPO DRHP
› Rajnandini Metal IPO RHP

Rajnandini Metal IPO Rating

2.4

Rating:

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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
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

Dilip Davda - Other

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 Lead Manager(s)

Corporate CapitalVentures Pvt Ltd

Lead Manager Reports

Rajnandini Metal IPO FAQs

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 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.
When Rajnandini Metal IPO will open?

The Rajnandini Metal IPO opens on Sep 24, 2018 and closes on Sep 27, 2018.
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.
How to apply for Rajnandini Metal IPO?

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.
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.
When is Rajnandini Metal IPO listing date?

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

Rajnandini Metal IPO Message Board

Ranked Members

5. Small Investor |Oct 8, 2018 10:47

IPO Guru (1400+ Posts, 700+ Likes)

wohhhh

34% up

5.1. traderji |Oct 8, 2018 11:10

what is the script code?

4. Sureshh |Sep 25, 2018 17:39

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.

4.1. Mahesh |Oct 8, 2018 11:30

34% up on listing
Probably you should know how to assess lead advisors and Advisors ;)

3. Abhishek Shahi |Sep 24, 2018 15:05

close circle subscription

2. Small Investor |Sep 24, 2018 14:27

IPO Guru (1400+ Posts, 700+ Likes)

NII Fully Subscribed
1.48

1. DownriteVJ |Sep 24, 2018 13:14

IPO Guru (1200+ Posts, 1100+ Likes)

Retail 0.00X
Overall 0.70X

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