Rajputana Industries, a new entrant in the stock market, is poised to make its debut with an Initial Public Offering (IPO) worth ₹23.88 crores. The entire issue comprises a fresh offering of 62.85 lakh shares.
Investors can participate in the Rajputana Industries IPO from July 30, 2024, until August 1, 2024. The allotment process is expected to conclude on Friday, August 2, 2024. Following the allotment, Rajputana Industries’ shares will be listed on the National Stock Exchange (NSE) SME platform, with a tentative listing date set for Tuesday, August 6, 2024.
Rajputana Industries operates in the fabricated metal products sector. They manufacture winding wires, rods, strips, billets, and ingots.
The price band for the Rajputana Industries IPO ranges from ₹36 to ₹38 per share. Retail investors can apply for a minimum lot size of 3000 shares, requiring an investment of ₹114,000. High-net-worth individuals (HNIs) have the option to invest in a minimum of 2 lots (6000 shares), totaling ₹228,000.
Holani Consultants Private Limited serves as the book running lead manager for the Rajputana Industries IPO, while Bigshare Services Pvt Ltd acts as the registrar. Holani Consultants is the designated market maker for this promising IPO.
Rajputana Industries IPO Details:
| Company Name | Rajputana Industries |
| Sector | Fabricated Metal Manufacturing |
| IPO Type | SME |
| IPO Open date | 30th July 2024 |
| IPO Close date | 01st Aug 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Rajputana Industries IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 3000 | 1,14,000 |
| HNI (Min) | 2 | 6000 | 2,28,000 |
Rajputana Industries IPO Timeline:
| IPO Open Date | 30th July 2024 |
| IPO Close Date | 01st Aug 2024 |
| Basis of Allotment | 02nd Aug 2024 |
| Refund Initiation Date | 05th Aug 2024 |
| Shares Credit to Demat | 05th Aug 2024 |
| Listing Date | 06th Aug 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Rajputana Industries’ financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Fabricated Metal Manufacturing Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Rajputana Industries and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
