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Rajputana Industries IPO
Price Band
₹36.0–38.0
Issue Size
₹23.88 Cr
Lot Size
3,000 shares
Min Investment
₹114,000
GMP
+₹45.0 (118.42%)
Issue Price
₹38.0
Subject to Sauda
₹102600
Paid only if allotted
Rajputana Industries IPO AI Summary
- Rajputana Industries IPO is listed on NSE SME in the Aluminium, Copper & Zinc Products sector.
- Price band: ₹36.0–₹38.0 per share, lot size 3,000 shares (min. investment ₹114,000).
- Subscription window: 30 Jul–01 Aug 2024, listing on 06 Aug 2024.
- Current GMP is +₹45.0 (118.42%), an estimated listing price of ₹83 — unofficial and can change daily.
Rajputana Industries Limited is set to list on August 6, 2024, following an IPO with a price band of ₹36.0 to ₹38.0. The company has shown consistent revenue and profit growth, and plans to utilize the proceeds from the IPO for working capital and expansion into new product lines.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Rajputana Industries IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 01 Aug 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Rajputana Industries IPO Grey Market Premium (GMP) Today
GMP
+₹45.0
GMP %
+118.42%
Est. Listing
₹83.0
Updated: 25 Jul 2026 14:04
About the Company
Rajputana Industries Limited was established in 2011 and manufactures a wide range of non-ferrous metal products in copper, aluminium, brass, and various alloys from recycled scrap metal. The company manufactures billets of metals such as aluminium, copper or brass, etc. from scrap metal procured from open markets. The scrap metal is processed into billets through recycling at the company's own manufacturing facility in Sikar, Rajasthan. The company sells these billets to various manufacturing companies or uses them to manufacture products such as copper rods, aluminum rods, copper mother tubes, brass wires, super-enameled copper conductors, and many other products. These wires, tubes, rods, billets, and bars are manufactured in various shapes and sizes as per the requirements of the customers and/or the demand in the market. In order to expand its product portfolio, the company is entering into the production of cables, which are primarily used in the construction industry, especially in residential construction, and as underwater cables for motors. The planned cable plant is to be installed in the company's existing production facility by utilizing the excess space of the production plant. As of July 10, 2024, the company had 98 full-time employees, including employees in the areas of accounting and finance, compliance, maintenance, marketing and logistics, production and operations, quality, executives and permanent employees.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 149.75 | 117.81 | 102.37 |
| Total Income | 327.01 | 255.25 | 244.51 |
| Profit After Tax | 5.13 | 3.10 | 2.64 |
| NET Worth | 32.57 | 27.44 | 17.12 |
| Total Borrowing | 29.36 | 30.02 | 25.38 |
Key Ratios
EPS
₹3.22
NAV
₹21.25
ROE
17.09%
ROCE
30.28%
RoNW
15.74%
P/B Value
1.79
P/E Ratio
11.81
Market Cap
₹84.42 Cr
PAT Margin
1.57%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Baheti Recycling Industries Limited | 40.15 | 17.3% | 40.2 | 6.94 | 6.94 |
| Nupur Recyclers Limited | 12.48 | 12.32% | 62.14 | 1.54 | 1.54 |
| Rajputana Industries Limited This IPO | 21.25 | 15.74% | — | 3.34 | 3.34 |
Promoters
Shera Energy Ltd., Isha Infrapower Pvt.Ltd., Shivani Sheikh and Sheikh Naseem
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding the Working capital requirements of our Company 14.00 2 Purchase of Grid Solar Power Generating System; and 4.50 3 General corporate purposes 2.81
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹244.51 Cr for the period ending 31 Mar 2022 to ₹255.25 Cr for the period ending 31 Mar 2023, and further rose to ₹327.01 Cr by 31 Mar 2024. This indicates a positive trend in revenue growth over the periods.
Profit Trend
Profit after tax rose from ₹2.64 Cr for the period ending 31 Mar 2022 to ₹3.10 Cr for the period ending 31 Mar 2023, and further increased to ₹5.13 Cr by 31 Mar 2024. This shows a consistent upward trend in profitability.
Valuation
Rajputana Industries Limited has an implied P/E ratio of approximately 11.81 at the issue price, compared to peers trading at P/E ratios ranging from 40.2 to 62.14.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. The Grey Market Premium (GMP) indicates the expected listing price of the shares based on demand in the grey market. A positive GMP suggests that the shares may list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. Factors to consider include the company's growth potential, market conditions, and individual financial goals.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid IPOs like this, which can be more volatile and subject to market fluctuations.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and overall demand for the shares.
This evaluation is generated from Rajputana Industries's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Rajputana Industries IPO GMP today?
Rajputana Industries IPO GMP today is +₹45.0 (118.42%), indicating an estimated listing price of ₹83. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Rajputana Industries IPO?
The price band of Rajputana Industries IPO is ₹36.0–₹38.0 per share.
When does Rajputana Industries IPO open and close?
Rajputana Industries IPO opens on 30 July 2024 and closes on 01 August 2024.
When does Rajputana Industries IPO list on the stock exchange?
Rajputana Industries IPO listed on 06 August 2024 at ₹83.0.
What is the lot size for Rajputana Industries IPO?
The lot size for Rajputana Industries IPO is 3000 shares, requiring a minimum investment of ₹114,000.
What is the lot size for this IPO?
The lot size for Rajputana Industries' IPO is 3000 shares.
What is the minimum investment required?
The minimum investment required is ₹114,000.
What is the price band for the IPO?
The price band for the IPO is between ₹36.0 and ₹38.0.
When does the IPO open and close?
The IPO opens on July 30, 2024, and closes on August 1, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jul 2024
Close
01 Aug 2024
Allotment
02 Aug 2024
Listing
06 Aug 2024
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