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Rajnandini Metal Limited IPO (Rajnandini Metal IPO) Detail

September 24, 2018 - September 27, 2018

Rajnandini Metal IPO is a fixed price issue of Rs 4.27 crores.

Rajnandini Metal IPO bidding started from September 24, 2018 and ended on September 27, 2018. The shares got listed on NSE SME on October 8, 2018.

Rajnandini Metal IPO price is ₹26 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹104,000.

Corporate Capitalventures Pvt Ltd is the book running lead manager of the Rajnandini Metal IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Rajnandini Metal IPO RHP for detailed information.

Rajnandini Metal IPO Details

IPO Date September 24, 2018 to September 27, 2018
Listing Date October 8, 2018
Face Value ₹10 per share
Price ₹26 per share
Lot Size 4000 Shares
Total Issue Size1,644,000 shares
(aggregating up to ₹4.27 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion84,000 shares

Rajnandini Metal IPO Reservation

Rajnandini Metal IPO offers 1,644,000 shares. 780,000 (47.45%) to NII, 780,000 (47.45%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered84,000 (5.11%)
Other Shares Offered780,000 (47.45%)
Retail Shares Offered780,000 (47.45%)
Total Shares Offered1,644,000 (100%)

Rajnandini Metal IPO Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4000 ₹104,000
Retail (Max) 1 4000 ₹104,000
Lot Size Calculator

About Rajnandini Metal Limited

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 (Rajnandini Metal IPO Objectives)

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 Review (May apply)

[Dilip Davda]  

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 September 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)

CategorySubscription (times)
Other2.38
Retail0.38
Total1.38

Rajnandini Metal IPO Prospectus

Rajnandini Metal IPO Rating

31
2.4
Rating:Rated 2.4 stars
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Rajnandini Metal IPO Listing Details

Listing Date October 8, 2018
BSE Script Code
NSE Symbol RAJMET
ISIN INE00KV01014
Final Issue Price ₹26 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹26.00
₹35.00
₹33.25
₹35.00
₹33.25

Check IPO Performance…

Rajnandini Metal Limited Contact Details

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

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Rajnandini Metal IPO - Buy or Not

Rajnandini Metal IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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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 September 24, 2018, and closes on September 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 September 24, 2018 and closes on September 27, 2018.

Rajnandini Metal IPO lot size is 4000 Shares, and the minimum amount required is ₹104,000.

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, Nuvama, 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 October 8, 2018.
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Rajnandini Metal IPO Message Board

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7 Comments

5. Small Investor |   Link |  Bookmark |October 8, 2018 9:47:28 AM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
wohhhh

34% up
5.1. traderji |   Link |  Bookmark |October 8, 2018 10:10:15 AM
what is the script code?
4. Sureshh |   Link |  Bookmark |September 25, 2018 4:39:36 PM
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 |   Link |  Bookmark |October 8, 2018 10:30:11 AM
34% up on listing
Probably you should know how to assess lead advisors and Advisors ;)
3. Abhishek Shahi |   Link |  Bookmark |September 24, 2018 2:05:55 PM
close circle subscription
2. Small Investor |   Link |  Bookmark |September 24, 2018 1:27:30 PM
IPO Guru IPO Guru (1900+ Posts, 1000+ Likes)
NII Fully Subscribed
1.48
1. DownriteVJ |   Link |  Bookmark |September 24, 2018 12:14:56 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Retail 0.00X
Overall 0.70X