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.
The Promoters of the Company are Mr. Het Ram and Ms. Mithlesh Sharma.
| 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 |
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
| Issue Open | Sep 24, 2018 - Sep 27, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 1,644,000 Eq Shares of Rs 10 (aggregating up to Rs 4.27 Cr) |
| Face Value | Rs 10 Per Equity Share |
| Issue Price | Rs 26 Per Equity Share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
No. of Times Issue Subscribed (BSE + NSE) | |||||||
|---|---|---|---|---|---|---|---|
As on Date & Time | |||||||
Shares Offered | 780,000 | 780,000 | 1,560,000 | ||||
Sep 27, 2018 18:30 | 2.38x | 0.38x | 1.38x | ||||
31 2.4 Rating:  Vote Here ... |
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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
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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Top Contributor (400+ Posts, 100+ Likes)
IPO Mentor (1000+ Posts, 700+ Likes)
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.