Rajnandini Metal Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

24 Sep 2018

Close Date

27 Sep 2018

Allotment

03 Oct 2018

Listing Date

08 Oct 2018

Exchange

NSE SME

Price Band

₹26

Listing Price

See chart

Allotment Status

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Price Band

₹26

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

16,44,000 shares (aggregating up to ₹4.27 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹104,000

1 lot

Pre-IPO Holding

45,00,000 shares

Promoters

Post-IPO Holding

61,44,000 shares

Promoters

UPI Deadline

2018-09-27

Mandate

Anchor AllotmentSun, 23 Sep 2018

Basis of AllotmentWed, 03 Oct 2018

Refund InitiationThu, 04 Oct 2018

Demat CreditThu, 04 Oct 2018

Listing DayMon, 08 Oct 2018

UPI Mandate Deadline2018-09-27

Sale TypeFresh Capital

Net Offer to Public15,60,000 shares (aggregating up to ₹4.06 Cr)

Market Maker Quota84,000 shares (aggregating up to ₹0.2184 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

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Subscription Rate Final

Rajnandini Metal Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 27 Sep 2018.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	84,000	—	₹0.22
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,644,000	100%	₹4.27

IPO Shares Offered

Rajnandini Metal Ltd. IPO total issue size: ₹4.27 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	84,000	₹0.22	5.11%
Total	1,644,000	₹4.27	100.00%

* Based on upper price band ₹26 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹26.00

Upper Band

Min Investment

₹104,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹208,000
Retail (Max — 13 Lots)	13	52,000	₹1,352,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,456,000
B-HNI (Min — 68 Lots)	68	272,000	₹7,072,000

* Issue Price ₹26 × Lot Size 4,000 shares

IPO Schedule

Anchor

23 Sep 2018

✓ Done

IPO Open

24 Sep 2018

✓ Done

IPO Close

27 Sep 2018

✓ Done

Allotment

03 Oct 2018

✓ Done

Refunds

04 Oct 2018

✓ Done

Demat Credit

04 Oct 2018

✓ Done

Listing Day

08 Oct 2018

✓ Done

₹26.00

INR · NSE

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Issue ₹26.00 Live Price

About Rajnandini Metal Ltd.

 Incorporated in 2010, Haryana based Rajnandini Metal Limited is a company engaged in the business of trading of covers base / primary metals, secondary metals & alloys, minor metals, ferroalloys, all ferrous & non-ferrous scraps, recyclable plastic scraps, steel products, and alloying additives for smelters and foundries.The company operates as an intermediary in the Metals Supply Chain whereby it imports/purchases materials from various suppliers and supply the same to its customers in the Metal Business.The company has 11 employees on its payroll.

Objects of the Issue

1 Working Capital Requirement

2 General Corporate Purposes

3 Issue Expenses

Rajnandini Metal Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹13,654.8

31-Mar-16

₹12,731.0

31-Mar-17

₹14,115.5

31-Mar-18

Profit After Tax (PAT)

₹31.6

31-Mar-16

₹55.2

31-Mar-17

₹102.9

31-Mar-18

Particulars	31-Mar-18	31-Mar-17	31-Mar-16
Revenue from Operations	14115.52	12730.96	13654.76
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	102.87	55.21	31.62
Net Worth	N/A	N/A	N/A
Total Assets	3883.98	4250.62	3437.18
Reserves & Surplus	N/A	N/A	N/A
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered16,44,000 (100.00%)

Net Offer to Public15,60,000 shares (aggregating up to ₹4.06 Cr)

Reserved for Market Maker84,000 shares (aggregating up to ₹0.2184 Cr)

Pre-Issue Promoter Holding45,00,000 shares

Post-Issue Promoter Holding61,44,000 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

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Book Running Lead Managers

Corporate Capitalventures Pvt.Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Rajnandini Metal Ltd. IPO subscribed? ▲

Rajnandini Metal Ltd. IPO is subscribed 1.00 times by Sep 27, 2018. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Rajnandini Metal Ltd. IPO retail subscription status? ▼

The Rajnandini Metal Ltd. IPO retail category is subscribed 1.00 times as of 27 Sep 2018. The retail portion is oversubscribed.

How to subscribe Rajnandini Metal Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 24 Sep 2018 and closes 27 Sep 2018. Min investment: ₹104,000 (1 lot = 4,000 shares). UPI mandate: 2018-09-27.

How many times Rajnandini Metal Ltd. IPO subscribed? ▼

The Rajnandini Metal Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Rajnandini Metal Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 03 Oct 2018. Refunds: on 04 Oct 2018.

When Rajnandini Metal Ltd. IPO will be listed? ▼

The Rajnandini Metal Ltd. IPO listing date is 08 Oct 2018, Monday. Listed on: NSE SME. Issue price: ₹26. Estimated listing: ₹26. GMP: NIL.

When Rajnandini Metal Ltd. IPO close? ▼

The Rajnandini Metal Ltd. IPO closes on 27 Sep 2018, Thursday. UPI mandate: 2018-09-27. Allotment: 03 Oct 2018. Listing: 08 Oct 2018.

Quick Actions

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Live Price LIVE

Last Price₹26.00

Change—

Issue Price₹26.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹26

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹104,000

GMPNIL

Est. Listing₹26

Subscribed1.00x

Open Date24 Sep 2018

Close Date27 Sep 2018

Allotment03 Oct 2018

Listing Date08 Oct 2018

ExchangeNSE SME

UPI Deadline2018-09-27