Rajputana IPO Listing: The IPO listing of Rajputana Industries brought tremendous profits to investors on its very first day. This company (Rajputana), which manufactures aluminum, copper, and brass billets from scrap metal, made a grand entry on the NSE SME platform. The confidence of the investors helped this IPO achieve an overall 376 times subscription. Learn about the company’s financial status and how the funds raised from the IPO will be utilized.
Highlights
- Spectacular Entry: Listing at ₹72.20 on the NSE SME platform.
- IPO Response: 376 times subscription thanks to retail investors.
- Share Gain: Reached the upper circuit with a 99.47% profit.
- Financial Status: Net profit of ₹5.13 crore in 2024.
Key Points
| Point | Information |
|---|---|
| IPO Name | Rajputana IPO |
| Listing Price | ₹72.20 |
| IPO Subscription | 376 times |
| Profit | 99.47% |
| Net Profit 2024 | ₹5.13 crore |
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Table of Contents
Rajputana Company Introduction
Rajputana Industries has specialized in manufacturing metal billets from scrap metal. Established in 2011, the company’s manufacturing facility is located in Sikar, Rajasthan. Its product range includes aluminum, copper, and brass billets.
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Rajputana Company Products
Rajputana Industries manufactures aluminum, copper, and brass billets from scrap metal. These billets are used in various manufacturing companies and are used to make copper rods, aluminum rods, copper mother tubes, brass wires, etc.
The success of the Rajputana IPO
Rajputana IPO received tremendous support from retail investors. Its ₹23.88 crore IPO was open from July 30 to August 1 and received a 376.41 times subscription. The retail investor portion was subscribed 524.61 times.
IPO Statistics
- Total Subscription: 376.41 times
- Retail Investors: 524.61 times
- NII: 417.95 times
- QIB: 177.94 times
- Employees: 2.80 times
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Financial Status of the Company
The financial status of Rajputana Industries is continuously improving. In the financial year 2022, its net profit was ₹2.64 crore, which increased to ₹3.10 crore in 2023 and reached ₹5.13 crore in 2024. The company’s revenue grew at an annual rate of 15% to ₹327.01 crore.
Financial Figures
| Year | Net Profit (₹ crore) | Revenue (₹ crore) |
|---|---|---|
| 2022 | 2.64 | 285.00 |
| 2023 | 3.10 | 297.00 |
| 2024 | 5.13 | 327.01 |
Future Plans
Rajputana Industries plans to expand its product portfolio. It is now working towards manufacturing cables and underwater cables used in the construction industry.
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Working Capital and Solar Power
The funds raised from the IPO will be used to meet working capital requirements, purchase a grid solar power generating system, and for general corporate purposes.
FAQ
What was the listing price of the Rajputana IPO?
The listing price of Rajputana IPO on the NSE SME platform was ₹72.20.
What was the overall IPO subscription figure?
The overall IPO subscription was 376.41 times.
What was the company’s net profit in 2024?
The company’s net profit in 2024 was ₹5.13 crore.
How will the funds raised from the IPO be utilized?
The funds will be used to meet working capital requirements, purchase a grid solar power generating system, and for general corporate purposes.
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