Rajnandini Metal Limited IPO

Rajnandini Metal Limited was established in the year 2010, a young dynamic set out on a mission to do his bit for the people, for industry, for a country that is developing fast. Indenting of metal based raw material provided him the vital foothold. A foothold that promised an ascent to greater heights. Today, Mr. H.R. Sharma can look’ back with pride at the foundation of a rock-solid organization that leaves nothing to chance.”He has now created a legacy & philosophy, which could produce only winners.

Rajnandini Metal works as a crucial business interface, networking between leading manufacturers / processors / yards and consumers / traders worldwide. Amongst its clientele, Rajnandini Metal has top notch companies from Steel, Automotive, Light / Heavy Engineering, Construction, Chemical & Electronic Industry. It pursues business based on quality contacts, information and service. Rajnandini Metal is well knit team comprising talented & experienced traders, logistic personnel & accountants. Based on your interest in buying or selling.
Rajnandini Metal Limited IPO Details
Issue Open 24-09-2018
Issue Close 27-09-2018
Allotment Date 04-10-2018
Unblocked Amount 05-10-2018
Listing Date 08-10-2018
Issue Share 16,44,000 Total Equity Share
84,000 Reserved by Market Maker
15,60,000 Equity Share
Issue Size ₹ 4.28 Cr
IPO Price Band ₹ 26
Minimum Share Bid [Lost Size] 4000
Minimum Investment Amount [Rs]  ₹ 1,04,000
Face Value ₹ 10
Retail Allocation 50%
Listing On NSE SME
Rajnandini Metal Limited IPO Grey Market Premium GMP]
Latest Update Premium Kostak Subject to Sauda Recommended
19-09-2018 : 08:00 AM - - - -
Rajnandini Metal Limited IPO Financial details [in Rs, Cr]
Financial Year Total Assets Total Revenue Total Expenses Profit After Tax
FY-2013 38.30 90.10 89.53 0.39
FY-2014 45.90 104.37 103.78 0.40
FY-2015 33.16 109.83 109.23 0.55
FY-2016 34.37 136.54 135.88 0.31
FY-2017 42.50 127.30 126.50 0.55
FY-2018 38.34 141.15 139.61 1.02
- - - - -
Rajnandini Metal Limited IPO Valuation Details
Earnings Per Share [EPS] ₹ 2.29
Price/Earnings [P/E] Ratio 11.37
Return on Net Worth [RoNW] 12.68 %
Net Asset Value [NAV] ₹ 18.03 Per Share
Rajnandini Metal Limited IPO Subscription Details
As on Date QIB/NII RII Total
Shared Offred 1,00,23,300 5,72,760 2,92,10,760
Day-1 [24-09-2018] 14,96,000 [1.92] 20,000 [0.03] 16,00,000 [0.97]
Day-2 [25-09-2018] 15,64,000 [2.01] 64,000 [0.08] 17,12,000 [0.99]
Day-3 [26-09-2018] 18,32,000 [2.35] 1,24,000 [0.16] 20,40,000 [0.19]
Day-4 [27-09-2018] 18,56,000 [2.38] 3,00,000 [0.38] 22,40,000 [1.31]
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Rajnandini Metal Limited IPO Recommendations
Live IPO Team Recommendation:- Neutral
Rajnandini Metal Limited IPO Contact Details
Rajnandini Metal Limited
3E/17 B.P. N.I.T Faridabad
Tel: 0129-4074043
Website: www.rajnandinimetal.com
Registrar of Rajnandini Metal Limited IPO
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis
Makwana Road, Marol, Andheri (East), Mumbai – 400 059
Tel No.: +91 22 6263 8200
Fax No.: +91 22 6263 8299
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Mr. Ashok Shetty
SEBI Registration No.: INR000001385
Lead Managers of Rajnandini Metal Limited IPO
160 Lower Ground Floor,
Vinoba Puri,
Lajpat Nagar
New Delhi-110024
Tel: +91-011-41704066
Website: www.ccvindia.com
Investor Grievance Email : investors@ccvindia.com
Contact Person: Mr. Tushar Shukla
SEBI Registration No.INM000012276
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