Table of content
Rajputana Industries Introduction
- Rajputana Industries Limited is an unlisted public company incorporated on June 13, 2011. It is classified as a public limited company and is located in Jaipur, Rajasthan.
- Rajputana Industries manufactures a wide range of non-ferrous metal products using recycled scrap metal. These products include copper, aluminum, brass, and various alloys.
- The company produces billets from metals such as aluminium, copper, or brass, sourced from open markets.
Also read Public Provident Fund (PPF)
Brief about
Summary of the business of
Rajputana Industries Company is primarily engaged in the business of manufacturing of diverse range of non-ferrous metal products from primarily Copper, Aluminium, Brass and various alloys from recycling of scrap metal. Rajputana Industries procure scrap metal from open markets and convert them into billets made of metals like aluminium, copper or brass etc. through recycling in our inhouse manufacturing unit situated at SP-3, SKS Industrial Area, Reengus Extension, Sikar, Rajasthan.
History
Rajputana Industries Company was originally incorporated as “Rajputana Industries Private Limited” at Jaipur as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 13, 2011, issued by the RoC, Rajasthan. Subsequently, our Company was converted into a public limited company under the Companies Act, 2013, pursuant to the approval accorded by our Shareholders at their extraordinary general meeting held on April 21, 2023. Consequently, the name of our Company was changed to “Rajputana Industries Limited” and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued to our Company by the RoC, Jaipur on May 04, 2023 and Corporate Identification Number is U31909RJ2011PLC035485. The registered office of our company is situated at F-269 (B), Road No. 13, VKIA, Jaipur Rajasthan 302013.
Company has one holding company, namely Shera Energy Limited, it holds 69.47% of the issued
Promoters & Board of Directors
- The Promoters of Rajputana Industries Company are
- M/s Shera Energy Limited
- Mrs. Shivani Sheikh
- Mr. Sheikh Naseem.
Board of directors
| Name of Director | Designation |
| Shivani Sheikh | Chairman and Managing Director |
| Sheikh Naseem | Whole-Time Director |
| Sudhir Garg | Non-Executive Director |
| Shubham Jain | Independent Director |
| Vekas Kumar Garg | Independent Director |
| Arpit Kumar Dotasra | Independent Director |
Share Holding pattern
| Name of the Shareholder | % of Holding |
| Promoter | |
| Shera Energy Limited | 69.47% |
| Shivani Sheikh | 18.46% |
| Sheikh Naseem | NIL |
| Sub-Total | 87.93% |
| Promoter Group | |
| Shree Khatu Shyamji Metal Industries Private Limited | 7.83% |
| Public | 4.24% |
Qualitative Factors
- Experienced senior management team and qualified workforce
- Long standing relationships with existing clientele
- Focus on Quality
- Established Manufacturing facility
- Innovative Ideas
- Industry Knowledge and Expertise
Strategy
- Expanding our customer base
- Increasing operational efficiencies to enhance returns
- Invest in infrastructure and technology
- Product Enhancement and Quality Focus
- Customer Engagement for Brand Growth
Industry Outlook
NON-FERROUS METALS INDUSTRY
The world Copper Mine production from April, 2022 to March, 2023 was about 22,052 thousand metric
tonnes (TMT). The share of India in the world production was 24.77 TMT i.e. 0.11% during April, 2022 to March, 2023.
The world Refined Copper Production from April, 2022 to March, 2023 was about 26,108 TMT against world consumption of 26,239 TMT. As per International Copper Study Group (ICSG) forecast dated 28.04.2023 for the Calendar Year 2023, world Refined Copper production and consumption are projected as 26,419 & 26,431 TMT respectively. The Projected world Refined Copper production & consumption from April, 2022 to March, 2023 shall be 25,810 & 26,162 TMT respectively. By comparing the figures of world Refined Copper production and consumption (Forecast) vs. actual from April, 2022 to March, 2023, it is coming around 98.86% and 99.71%. The share of India in the world production was 0.25% during April, 2022 to March, 2023.
The average LME price in May, 2023 was US$ 8,234.28 per tonne compared to average LME of US$ 9,362.81 per tonne in May, 2022, thereby registering a decrease by 12.05%. The average LME price during
the year 2022-23 was US$ 8,551.00 per tonne, and cumulative average LME price for 2023-24 (April-May) was US$ 8,524.14 per tonne.
DOMESTIC SCENARIO – COPPER
- The size of Indian copper industry (consumption of refined copper per annum) is around 6.6 lakh tonnes, which as percentage of world copper market is only three percent.
- Sterlite Industries, Hindalco Industries and Hindustan Copper Ltd. are major producers of refined copper in India.
- Production in India has declined significantly due to the permanent closure of Vedanta’s smelter/ refinery plant of Tamil Nadu in May, 2018.
Factors influencing Copper Markets:
- Copper prices in India are fixed on the basis of the rates that rule on LME and Rupee & US Dollar exchange rate.
- Economic growth of the major consuming countries such as China, USA, Japan, Germany, India etc.
- Growth and development in the Infrastructure, Real-estate, Telecom and Electrical Industry, Renewal Energy and Electrical Vehicle Sector.
- Surplus/Deficit in copper market.
GLOBAL SCENARIO – ALUMINIUM
The world production of Primary Aluminium Metal during 2022-23 (April-March) was about 69.49 million
tonnes against world consumption of 68.25 million tones, resulting in a market surplus of 1.24 million tonnes. It is estimated that during April-June, 2023, the world consumption of Primary Aluminium Metal would be 17.27 million tonnes against world production of around 17.69 million tonnes, implying a surplus of 0.42 million tonnes. The share of India in the world primary Aluminium production was around 5.8% during 2022-23 (April-March).
The average London Metal Exchange (LME) price for May, 2023 was US$ 2,268 per tonne as against US$ 2,826 per tonne in May, 2022, thereby registering a decline of 19.8%. The average LME price during the year 2022-23 was US$ 2,498 per tonne, and cumulative average LME price for 2023-24 (April-May) was US$ 2,305 per tonne.
DOMESTIC SCENARIO – ALUMINIUM
Production during the month of May, 2023, cumulative production during the period 2023-24 and comparative figures for the previous year are as follows:
NALCO produced 39,914 Metric Tonne of Aluminium and sold 40,597 Metric Tonne of Aluminium metal in May, 2023.
BALCO produced 49,386 Metric Tonne of Aluminium and sold 48,635 Metric Tonne of Aluminium metal in May, 2023
Vedanta Ltd (Aluminium) produced 1,48,879 Metric Tonne of Aluminium and sold 1,46,953 Metric Tonne of Aluminium metal in May, 2023
GLOBAL AND DOMESTIC SCENARIO – BRASS
What is Brass – Definition
Brass is is the generic term for a range of copper-zinc alloys. Brass can be alloyed with zinc in different proportions, which results in a material of varying mechanical, corrosion and thermal properties. Increased amounts of zinc provide the material with improved strength and ductility.
How Is the Production and Distribution of Brass in INDIA Estimated?
The estimated annual production of Brass in India is close to 250,000 MT.
This includes production via primary metal and recycling. In India, Jamnagar in Gujarat, Moradabad, and Jagadhiri in UP are large production centres of Brass.
Jamnagar consists of around 5000 large and small brass units involved in the brass industry.
There are foundries, manufacturing units, and units that make specialized brass products expected worldwide.
It involves taking equal and opposite positions in two different markets to reduce or limit risks associated with the price change.
It is a two-step process where a gain or loss in the physical position due to changes in price will be offset by changes in the value on the derivatives platform, thereby reducing or limiting risks associated with unpredictable price changes.
What Are the Factors That Impact the Prices of Brass?
- Brass prices rely either on the international standard of the primary metal copper and Zinc or the supply and demand of brass scrap and Brass.
- Economic events, such as the national industrial growth, global financial crisis, recession, and inflation, influence metal prices.
- Trade policies set by the government (execution or suspension of taxes, penalties, and quotas) affect supply as they regulate (restrict or encourage) material flow.
- Geopolitical events concerning governments, economic paradigms, and armed conflict can cause significant changes.
United States – Producer Price Index by Commodity: Metals and Metal Products: Yellow Brass Scrap Yellow Brass Scrap was 662.17700 Index Dec 1986=100 in May of 2023, according to the United States Federal Reserve. Historically, United States – Producer Price Index by Commodity: Metals and Metal Products: Yellow Brass Scrap reached a record high of 786.01600 in March of 2022 and a record low of 100.00000 in December of 1986. Trading Economics provides the current actual value, an historical data chart and related indicators for United States – Producer Price Index by Commodity: Metals and Metal Products: Yellow Brass Scrap – last updated from the United States Federal Reserve on July of 2023.
GLOBAL SCENARIO – ZINC
The world Zinc metal production from April, 2022 to March, 2023 was about 13,322 thousand metric tonnes and world consumption was 13,836 thousand metric tonnes. The share of India in the world Zinc metal production was 6% during April, 2022 to March, 2023.
The average London Metal Exchange (LME) price for May, 2023 was US$ 2,477 per metric tonne as against US$ 3,760 per metric tonne in May, 2022 there by registering a decrease of 34%. The average LME price for 2022-23 is US$ 3,332 per metric tonne, and cumulative average LME price for 2023-24 (April-May) was US$ 2,625 per tonne.
DOMESTIC SCENARIO – ZINC
In India, the main producer of Zinc is Hindustan Zinc Limited (HZL) (Government of India holds 29.54% of equity share).
Business Data
Verticals
- Brass Rods
- Copper Rods
- Aluminium rods
- Copper Billets
- Brass Billets
- Brass wire
- Copper Mother Tube
- Super enameled aluminium conductor
- Super enameled copper conductor
- Aluminium busbars
- Copper busbars
Product wise break-up
| Particulars | For the Period ended on September 30, 2023 | For the year ended March 31, 2023 | For the year ended March 31, 2022 | For the year ended March 31, 2021 | ||||
| Amount | % | Amount | % | Amount | % | Amount | % | |
| Domestic | ||||||||
| Aluminium Product | 2,640.38 | 18.50% | 4,787.57 | 18.76% | 4,523.51 | 18.50% | 3,031.87 | 16.36% |
| Brass and Alloys Product | 4,524.90 | 31.69% | 5,843.59 | 22.89% | 4,975.45 | 20.35% | 2,471.50 | 13.34% |
| Copper Product | 6,863.91 | 48.08% | 14,108.14 | 55.27% | 14,105.05 | 57.69% | 12,439.42 | 67.12% |
| Total Domestic | 14,029.19 | 98.27% | 24,739.30 | 96.92% | 23,604.01 | 96.54% | 17,942.79 | 96.82% |
| Exports | ||||||||
| Aluminium Product | – | 0.00% | – | 0.00% | 0 | 0.00% | 0 | 0.00% |
| Brass and Alloys Product | – | 0.00% | – | 0.00% | 315.51 | 1.29% | 248.24 | 1.34% |
| Copper Product | – | 0.00% | – | 0.00% | 6.56 | 0.03% | 50.05 | 0.26% |
| Total Exports | – | 0.00% | – | 0.00% | 322.07 | 1.32% | 298.29 | 1.60% |
| Other Operating Income | 240.29 | 1.68% | 727.2 | 2.85% | 509 | 2.08% | 281.12 | 1.52% |
| Total Revenue from Operation | 14,269.48 | 99.95% | 25,466.50 | 99.77% | 24,435.08 | 99.94% | 18,522.20 | 99.94% |
| Other Income | 7.74 | 0.05% | 58.48 | 0.23% | 15.88 | 0.06% | 10.38 | 0.06% |
| Total Revenue | 14,277.22 | 100.00% | 25,524.98 | 100.00% | 24,450.96 | 100.00% | 18,532.58 | 100.00% |
Customer dependency
(Amount in Lakhs)
| Particulars | Customers | |
| Amount | Percentage | |
| Top 5 | 12,090.40 | 84.73% |
| Top 10 | 12,842.08 | 90.00% |
Supplier dependency
(Amount in Lakhs)
| Particulars | Suppliers | |
| Amount | Percentage | |
| Top 5 | 9,724.65 | 70.79% |
| Top 10 | 11,124.73 | 80.98% |
Machinery/Plants/Factory
- Registered Office / Corporate Office: F-269 (B), Road No. 13, VKIA, Jaipur
- Manufacturing Unit: SP-3, RIICO Industrial Area, Reengus, Sikar
Capacity Utilisation
| Name Of Product | Installed Capacity (MT) | Actual Production | Capacity Utilization in% |
| All types of Aluminium WindingWires / Strips | 1200.00 | 544.56 | 45.38% |
| All types of Billetsand Ingots of Brass | 1,200.00 | 657.58 | 54.80% |
| All types of Billetsand Ingots of Copper | 600.00 | 270.00 | 45.00% |
| All types of Copper Winding Wires /Strips | 750.00 | 255.22 | 34.03% |
| Aluminium Ingotsand Rods | 1800.00 | 1150.39 | 63.91% |
| Brass rods/ Mothertube | 1800.00 | 105.77 | 5.88% |
| Copper Rods/Mother tube | 2510.00 | 1809.23 | 72.08% |
Competition
The industry in which Rajputana Industries operate is unorganized and fragmented, with many small and medium-sized companies. The non-ferrous metal industry is global, and as a result, we face competition from various domestic and international players. We compete with other traders based on service quality, price, and reliability. We believe that the scale and scope of our operations allow us to meet our customers’ requirements better than the smaller traders. However, due to the fragmented nature of the industry, our company lacks access to authentic data on the total industry size and our market share compared to competitors.
In industry, Rajputana Industries consider quality, technical ability, performance record, sustainable relationships with existing clients and vendors, the use of technologically upgraded plant and machinery, timely delivery, and reliability as the principal elements of competition. We strive to establish ourselves as a knowledge- based production unit with industry expertise, enabling us to provide our clients with quality products. However, it is essential to note that price often becomes the deciding factor in most cases.
Peer companies comparison
| Name of the Company | Face value (₹ per share) | Total Revenue from Operations for financial year 2023 (₹ in Lakhs) | EPS for financial year 2023 (₹) | NAV per equity share | P/E (Based on Diluted EPS) | RONW (%) | |
| Basic | Diluted | ||||||
| Rajputana Industries Limited | 10 | 25,466.50 | 2.19 | 2.19 | 17.9 | [●] | 11.29% |
| Listed Peers | |||||||
| Nupur Recyclers Limited | 10 | 9,884.76 | 2.04 | 2.04 | 15.3 | 59.04 | 13.35% |
| Baheti Recycling Limited | 10 | 35,996.29 | 6.81 | 6.81 | 33.21 | 29.66 | 15.35% |
(₹ in Lakhs)
| Particulars | Rajputana Industries Limited | Nupur Recyclers Limited | Baheti Recycling Limited | |||||||||
| For the period ended on September 30,2023 | For the Year ended on March 31 | For the period ended on September 30,2023 | For the Year ended on March 31 | For the period ended on September 30,2023 | For the Year ended on March 31 | |||||||
| 2023 | 2022 | 2021 | 2023 | 2022 | 2021 | 2023 | 2022 | 2021 | ||||
| Revenue from Operations | 14269.48 | 25,466.5 | 24,435.08 | 18,522.2 | 6203.25 | 9884.76 | 15904.81 | 10393.49 | 20673.98 | 35996.29 | 24839.76 | 12748.33 |
| Growth in Revenue from Operations (%) | – | 4.22% | 31.92% | – | – | -37.85% | 53.03% | – | 44.91% | 94.85% | – | |
| Gross Profit | 1095.69 | 1495.31 | 1417.80 | 1107.40 | 298.16 | 1046.77 | 2606.04 | 1477.01 | 1781.93 | 3342.85 | 2235.68 | 1423.41 |
| Gross Margin (% | 7.68% | 5.87% | 5.80% | 5.98% | 4.81% | 10.59% | 16.39% | 14.21% | 8.62% | 9.29% | 9.00% | 11.17% |
| EBITDA | 930.78 | 1240.88 | 1187.47 | 914.98 | 158.87 | 709.57 | 2236.03 | 1376.99 | 770.12 | 1288.74 | 743.22 | 418.19 |
| EBITDA Margin | 6.52% | 4.87% | 4.86% | 4.94% | 2.56% | 7.18% | 14.06% | 13.25% | 3.73% | 3.58% | 2.99% | 3.28% |
| Profit After Tax | 249.96 | 309.67 | 263.77 | 28.22 | 342.07 | 934.45 | 1872.86 | 1000.49 | 295.31 | 528.40 | 292.95 | 48.76 |
| PAT Margin (%) | 1.75% | 1.22% | 1.08% | 0.15% | 5.51% | 9.45% | 11.78% | 9.63% | 1.43% | 1.47% | 1.18% | 0.38% |
| ROE (%) | 8.71% | 13.90% | 16.70% | 1.97% | 4.66% | 13.90% | 50.26% | 99.45% | 8.22% | 20.66% | 21.14% | 5.35% |
| ROCE (%) | 16.43% | 22.67% | 27.35% | 20.93% | 6.09% | 19.43% | 41.03% | 147.44% | 15.97% | 27.88% | 33.22% | 20.63% |
| Net Fixed Asset Turnover | 3.37 | 5.98 | 5.70 | 4.19 | 598.19 | 803.64 | 1601.69 | 1465.92 | 21.03 | 39.16 | 34.91 | 17.68 |
| Net Working Capital Days | 12 | 9 | -9 | -22 | 166 | 184 | 100 | -1 | 31 | 37 | 24 | 35 |
| Operating Cash Flows | 736.17 | -338.23 | 881.96 | 550.11 | -220.27 | -1607.24 | 1337.61 | 954.05 | -2309.94 | -873.48 | 286.04 | -2131.74 |
Group companies
- Shree Khatu Shyamji Metal Industries Private Limited
- Shera Metal Private Limited
Business risk factors
- Rajputana Industries is highly dependent upon a limited number of suppliers. 80.98%, 87.42%, 92.75% and 88.28% of Total Purchases are derived from top 10 suppliers for the period ended on September 30, 2023, and Fiscal Years ended on March 31, 2023, 2022 and 2021.
- Rajputana Industries Company has a negative cash flow from operating, investing and financing activities in past three years, details of which are given below, sustained negative cash flow could impact growth and business.
- Rajputana Industries derive 73.95%, 90.61%, 93.66% and 89.74% of our revenue from our Promoter Group Companies and Promoting Company during the period ended on September 30, 2023, and for the Financial Years ended on March 31, 2023, 2022 and 2021 respectively. These or any future related party transactions may potentially involve conflicts of interest and there can be no assurance that we could not have achieved better terms, had such arrangements been entered into with unrelated parties.
(₹ in Lakhs)
| Particular | For the period ended on September 30, 2023 | For the Financial Year ended on March 31, 2023 | For the Financial Year ended on March 31, 2022 | For the Financial Year ended on March 31, 2021 |
| Sale to Shera Energy Limited | 4,115.64 | 6,982.30 | 6,962.96 | 5,813.35 |
| Sale to Shera Metal Private Limited | 6,436.87 | 16,091.65 | 15,795.37 | 10,808.14 |
| Sale to Shree Khatu Shyamji MetalIndustries Private Limited | 0.00 | 0.00 | 127.88 | 0.00 |
| Total Sale to holding company/ group companies | 10,552.51 | 23,073.95 | 22,886.21 | 16,621.49 |
| Total Sales | 14,269.58 | 25,466.50 | 24,435.08 | 18,522.20 |
| % of sales to holding company /group companies to total sales | 73.95% | 90.60% | 93.66% | 89.74% |
Financials
Key Performance Indicators
(Rs. in Lakhs)
| Particulars | For the period ended September 30, 2023 | For the Year ended on March 31 | ||
| 2023 | 2022 | 2021 | ||
| Revenue from Operations | 14,269.48 | 25,466.50 | 24,435.08 | 18,522.20 |
| Growth in Revenue from Operations(%) | – | 4.22% | 31.92% | – |
| Gross Profit | 1,095.69 | 1,495.31 | 1,417.80 | 1,107.40 |
| Gross Profit Margin (%) | 7.68% | 5.87% | 5.80% | 5.98% |
| EBITDA | 930.78 | 1,240.88 | 1,187.47 | 914.98 |
| EBITDA Margin (%) | 6.52% | 4.87% | 4.86% | 4.94% |
| Profit After Tax | 249.96 | 309.67 | 263.77 | 28.22 |
| PAT Margin (%) | 1.75% | 1.22% | 1.08% | 0.15% |
| ROE (%) | 8.71% | 13.90% | 16.70% | 1.97% |
| ROCE (%) | 16.43% | 22.67% | 27.35% | 20.93% |
| Net Fixed Asset Turnover | 3.37 | 5.98 | 5.7 | 4.19 |
| Net Working Capital Days | 12 | 9 | -9 | -22 |
| Operating Cash Flows | 736.17 | -338.23 | 881.96 | 550.11 |
Balance Sheet
(Amount in lakhs)
| Particulars | For the Period ended on September 30, 2023 | For the Fiscal Year Ended on March 31 | ||
| 2023 | 2022 | 2021 | ||
| ASSETS | ||||
| Total non- current assets | 4,335.52 | 4,298.35 | 4,327.05 | 4,483.61 |
| Total current assets | 9,459.19 | 7,482.92 | 5,909.61 | 4,419.18 |
| Total assets | 13,794.71 | 11,781.27 | 10,236.66 | 8,902.79 |
| EQUITY AND LIABILITIES | ||||
| Total equity | 2,994.83 | 2,743.85 | 1,712.39 | 1,447.36 |
| Total non- current liabilities | 2,295.05 | 2,195.03 | 1,988.52 | 1,930.38 |
| Total current liabilities | 8,504.83 | 6,842.39 | 6,535.75 | 5,525.05 |
| Total liabilities | 10,799.88 | 9,037.42 | 8,524.27 | 7,455.43 |
| TOTAL EQUITY AND LIABILITIES | 13,794.71 | 11,781.27 | 10,236.66 | 8,902.79 |
Profit & Loss
(Amount in lakhs)
| Category | For the period ended September 30, 2023 | For the Fiscal Year ended March 31, | ||
| 2023 | 2022 | 2021 | ||
| Revenue from Operations | 14269.48 | 25466.5 | 24435.08 | 18522.2 |
| EBIDTA | 930.78 | 1240.88 | 1187.47 | 914.98 |
| EBIDTA Margin (%) | 6.52% | 4.87% | 4.86% | 4.94% |
| PAT | 249.96 | 309.67 | 263.77 | 28.22 |
| PAT Margin (%) | 1.75% | 1.22% | 1.08% | 0.15% |
Cash Flow
(Amount in Lakhs)
| Particulars | For the period ended on September 30,2023 | For The Year Ended March 31, | ||
| 2023 | 2022 | 2021 | ||
| Cash Flow from/ (Used in) Operating Activities | 736.17 | (338.23) | 881.96 | 550.11 |
| Cash Flow from/ (Used in) Investing Activities | (157.13) | (212.84) | (63.94) | (26.61) |
| Cash Flow from/ (Used in) Financing Activities | (529.07) | 539.69 | (819.34) | (521.41) |
Capital structure
| Particulars | Pre-Issue |
| Debt : | |
| Long Term Debt | 982.91 |
| Short Term Debt | 1967.40 |
| Total Debt | 2950.31 |
| Shareholders Funds | |
| Equity Share Capital | 1533.00 |
| Reserves and Surplus | 1461.83 |
| Total Shareholders’ Funds | 2994.83 |
| Long Term Debt/ Shareholders’ Funds | 0.66 |
| Total Debt / Shareholders Fund | 0.99 |
SWOT ANALYSIS
- Strengths:
- Product Range: Rajputana Industries manufactures a diverse range of non-ferrous metal products using recycled scrap metal. These include copper, aluminum, brass, and various alloys.
- Quality Workforce: The company boasts a versatile and highly trained workforce dedicated to ensuring quality and efficiency.
- Innovation: Rajputana Industries aims to be a global leader in the metal industry, emphasizing innovation and superior quality.
- Weaknesses:
- Unlisted Status: Being an unlisted public company, Rajputana Industries may face limitations in terms of access to capital markets and visibility.
- Market Volatility: The metal industry can be sensitive to market fluctuations, affecting demand and prices.
- Scrap Metal Dependency: The company’s reliance on procuring scrap metal from open markets may expose it to supply chain risks.
- Opportunities:
- Growing Demand: As industrialization and infrastructure development continue, the demand for non-ferrous metal products is likely to rise.
- Sustainability Focus: Rajputana Industries can capitalize on the trend toward sustainable practices by promoting its recycling efforts.
- Expansion: Exploring new markets or diversifying product offerings could open up growth opportunities.
- Threats:
- Competition: The metal industry is competitive, with other players vying for market share.
- Regulatory Challenges: Compliance with environmental regulations and safety standards can pose challenges.
- Price Volatility: Fluctuations in metal prices due to global economic conditions may impact profitability.
IPO Details
Rajputana Industries Limited IPO Details
| Parameter | Details |
|---|---|
| IPO Type | Book Built Issue |
| Issue Size | ₹23.88 Crores |
| Issue Type | Fresh Issue |
| Number of Shares | 62.85 Lakh Shares |
| Issue Price | ₹36 – ₹38 per share |
| Minimum Order Quantity | 3000 Shares |
| IPO Open Date | July 30, 2024 |
| IPO Close Date | August 1, 2024 |
| Exchange | NSE SME |
Object of the issue
(Amount in Lakhs)
| Particulars | Amount |
| Funding the working capital requirement of our Company | 1400.00 |
| Purchase of Grid Solar Power Generating System | 450.00 |
Litigation involved
Gray Market Premium
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This is really well-researched.