Rajputana Industries IPO

Rajputana Industries Ltd

₹1,08,000 /3000 sharesMinimum Investment

Rajputana Industries IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Jul ‘24 - 1 Aug ‘24₹1,08,0003,000₹36 - ₹38
Issue SizeIPO Doc
23.88Cr
RHP PDF

About Rajputana Industries

Rajputana Industries manufactures non-ferrous metal products using materials such as copper, aluminium, brass, and various alloys derived from recycled scrap metal. The company sources scrap metal from the open market and processes it into metal billets like aluminium, copper, or brass at its in-house facility in Sikar, Rajasthan. These billets are either sold directly to various manufacturing companies or used in-house to make products. Rajputana Industries' product line includes copper rods, aluminium rods, copper mother tubes, brass wires, and super enameled copper conductors, among others. These items are crafted in different shapes and sizes to meet market demands.;
Founded in
2011
Managing director
Mrs. Shivani Sheikh
Parent organisation
Rajputana Industries Ltd

Strengths & Financials of Rajputana Industries

Strengths
Risks
Rajputana Industries is ISO 9001:2015 certified for quality management systems, ISO 45001:2018 for occupational health and safety management standards, and ISO 14001:2015 for environmental management systems.
Recently, Rajputana Industries expanded its product line by commencing the manufacture of special grade brass rods through the cold extrusion process, which are suitable for making bullet shells for defense applications.
Over the past three years, Rajputana Industries has witnessed a consistent increase in its revenue from operations, which expanded from Rs 244.35 crore in FY22 to Rs 254.66 crore in FY23 and further to Rs 326.50 crore in FY24. Profit after tax (PAT) too increased from Rs 2.64 crore in FY22 to Rs 3.10 crore in FY23 and Rs 5.13 crore in FY24.
Rajputana Industries relies heavily on its promoter group companies, Shera Metal Private Limited and Shree Khatu Shyamji Metal Industries, and holding/promoting company, Shera Energy Limited, for a significant portion of its total revenue. These companies together accounted for 51.33%, 90.60%, and 93.66% of total revenue for the financial years ending March 31, 2024, 2023, and 2022, respectively.
The top 10 suppliers to Rajputana Industries accounted for 79.49%, 87.42%, and 92.75% of its total purchases for FY24, FY23, and FY22, respectively. Any failure to supply goods on time or of the desired quality could adversely impact the company’s business.
The company's promoters, Sheikh Naseem and Shivani Sheikh, were implicated in a criminal case involving abetment to suicide. Although the police have submitted a negative final report and the complainant, Amit Dusad, has agreed to abide by the findings, a final court ruling is still pending. Any unfavourable court decision could lead to a reopening of the investigation, which could harm the company's business and reputation.
As of June 10, 2024, the company had availed of secured loans from banks and financial institutions amounting to Rs 35.68 crore and unsecured loans worth Rs 7.05 crore from its directors, promoter group/promoter group companies, and other companies. Any inability to service or repay these loans on time could hurt the company’s financial position.

Rajputana Industries Financials

*All values are in Rs. Cr
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Application Details of Rajputana Industries IPO

Apply asPrice bandApply Range
Regular36 - 38₹2 - 5 Lakh
Employee36 - 38₹2 - 5 Lakh
Shareholder36 - 38₹2 - 5 Lakh
High Networth Individual36 - 38₹2 - 5 Lakh
For Rajputana Industries IPO, eligible investors can apply as Regular, Employee & Shareholder.