Rajnandini Metal is in the business of trading of scrap of all types of ferrous and Non ferrous Metals such as Copper Wires, ingot scrap, and other related items used in various electrical and industrial applications. The company works as a crucial business interface, networking between manufacturers / processors / yards and consumers / traders across the country. Its product portfolio offers a diversified product range which includes variety of grades, thickness, widths and standards of all types of ferrous and Non ferrous Metals according to customer specifications.
The company operates as an important intermediary in the Metals Supply Chain whereby it purchases materials such as Annealed/Un-Annealed Copper Wires, Copper Wires, Brass Scrap, Aluminium ingot, Zinc ingot etc. from various suppliers and supplies the same to customers in the Metal Business. The company’s business model is based on B2B model wherein the company sells the scrap to the business enterprises who further transform the scrap in to finished product as per their requirements. The company operates three warehouses in Daulatpur, New Delhi; NIT Faridabad; and LIbaspur, New Delhi.
IPO Review:
- Risky
Rajnandini Metal IPO Dates & Price Band:
- IPO Open: 24-September-2018
- IPO Close: 27-September-2018
- IPO Size: Approx Rs 4.27 Crore
- Face Value: Rs.10 Per Equity Share
- Price Band: Rs.26 Per Equity Share
- Listing on: NSE SME
- Shares: 1,644,000
- Retail Portion: 50%
IPO Market Lot:
- Shares: Apply for 4,000 Shares (Minimum Lot Size)
- Amount: Rs.1,04,000
IPO Allotment & Listing:
- Basis of Allotment: 04-October-2018
- Refunds: 05-October-2018
- Credit to demat accounts: 08-October-2018
- Listing: 09-October-2018
Financial Results:
| Rs. in Crore | |||||
| Revenue | Expense | PAT | |||
| 2014 | 104.4 | 103.8 | 0.41 | ||
| 2015 | 109.8 | 109.2 | 0.55 | ||
| 2016 | 136.5 | 135.9 | 0.32 | ||
| 2017 | 127.3 | 126.5 | 0.55 | ||
| 2018 | 141.2 | 139.7 | 0.94 | ||
Mr. Het Ram- Ms. Mithlesh Sharma
IPO Registrar:
Bigshare Services Private Limited
Phone: +91 22 4043 0200
Fax: +91 22 2847 5201
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
IPO Lead Managers:
- Corporate CapitalVentures Pvt Ltd
Company Address:
Rajnandini Metal Limited
3E/17 B.P. N.I.T
Faridabad, Haryana-121001
Phone: +91 0129-4074043
Email: info@rajnandinimetal.com
Website: www.rajnandinimetal.com
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