Rajputana Stainless IPO Details
MAINBOARD
Rajputana Stainless IPO DRHP (Draft Red Herring Prospectus) has been SEBI Approval Received.
Rajputana Stainless IPO total issue size comprises 2,25,00,000 shares . This includes a fresh issue of 1,90,00,000 shares . Offer for Sale consists of 35,00,000 shares .
The Lead Managers for Rajputana Stainless IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Nirbhay Capital Services Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Rajputana Stainless Limited DRHP.
Rajputana Stainless IPO Details
Rajputana Stainless IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Rajputana Stainless IPO Reservation
Promoter Holding
Documents
Rajputana Stainless IPO Valuations
Rajputana Stainless Financial Information
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 370.99 | 324.01 | 297.34 | 281.1 |
| Revenue | 206.36 | 915.5 | 950.69 | 767.93 |
| Profit After Tax | 10.95 | 31.08 | 24.08 | 9.31 |
| Net Worth | 123.22 | 112.27 | 81.17 | 57.76 |
| Reserves and Surplus | 78.36 | 78.36 | 22.68 | 22.68 |
| Total Borrowing | 79.69 | 79.76 | 79.83 | 91.84 |
| Amount in ₹ Crore | ||||
About Rajputana Stainless IPO
Incorporated in 1991, Rajputana Stainless Limited is engaged in manufacturing long and flat stainless-steel products.
The company offers a range of stainless steel products, including billets, forging ingots, rolled black and bright bars, flat & patti, and other ancillary products, in over 80 diverse grades.
The company primarily sells its products domestically through direct sales and traders, while also exporting to five countries: UAE, USA, Turkey, Kuwait, and Poland.
The company uses its expertise and infrastructure to supply raw materials for various industries, including seamless pipes, aerospace, forging, oil and gas, defense, automotive, aviation, and precision engineering.
The company operates a manufacturing facility of 35,196.98 Sq.m in Kalol, Gujarat, equipped with an induction furnace, AOD, CCM, heat treatment facilities, rolling mill, and bright bar shop for efficient production.
Product Portfolio:
- Billet: The company produces stainless steel billets, semi-finished products made from liquid steel, used as optimal inputs for hot working processes such as forging, rolling, and ring rolling.
- Cast ingots: The company produces cast ingots, metal masses poured into molds for easy storage, transportation, and further processing. These ingots are free from defects, marked for traceability, and used in open die forgings, re-rolling, and ring rolling.
- Hexagon al Bars: The company produces hexagonal bars, stainless steel rolled into hexagonal shapes, used in manufacturing nuts, valves, hose ends, fasteners, and hex bolts.
As of June 30, 2024, the company had 429 permanent employees and workers comprising skilled and unskilled workers.
Strength Of Rajputana Stainless IPO
Risk Of Rajputana Stainless IPO
Objectives Rajputana Stainless IPO
- Funding capital expenditure requirements for setting up of manufacturing facility for Stainless Steel Seamless Pipes to expand the product portfolio (“Proposed Facility”).
- Funding Working capital requirement for the Proposed Facility.
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company.
- General corporate purposes.
Company Contact Details
Rajputana Stainless Limited
213, Madhwas,
Halol Kalol Road, Kalol,
Panchmahal, 389 330
Phone: +91 63 5816 4770
Email: compliance@rajputanastainless.com
Website: http://www.rajputanastainless.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Rajputana Stainless IPO - FAQs
The Rajputana Stainless IPO is a MAINBOARD public issue comprising 22500000 equity shares with a face value of ₹10 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at TBA.