Ongoing SME IPO_ Rajnandini Metal Ltd

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Rajnandini Metal Ltd

Issue Analysis :

Issue opens Sept.24, 2018
Issue Closes Sept. 27, 2018
Issue Price Rs 26
Lot Size 4000
Issue Size 4.27 Cr
Lead Manager Corporate Capital Ventures Private Limited
Registrar Bigshare Services Private Ltd
Platform NSE

Company’s Snapshot :

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.

Object of the Issue:

The objects of the Issue are to:

  • Working Capital Requirements
  • General Corporate Purpose
  • Issue Expenses

Financial Highlights :

Rajnandini Metal’s  financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 FY2018
Total revenue 90.1 104.4 109.8 136.5 127.3 141.2
Total expenses 89.5 103.8 109.2 135.9 126.5 139.7
Profit after tax 0.39 0.41 0.55 0.32 0.55 0.94

 

 

Company Promoters:

The Promoters of the Company is:

  1. Het Ram
  2. Mithlesh Sharma

Contact Company Information:

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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