Rajnandini Metal IPO Review (Date, Price, DRHP)

Rajnandini Metal IPO Review

Rajnandini Metal is engaged in the business of trading of a scrap of all types of ferrous and Nonferrous Metals. Which is include Copper Wires, ingot scrap, and other related items used in various electrical and industrial applications. It is Haryana based company. The center point of the article is Rajnandini Metal IPO Review. Besides the review, there are issue details of the company.

Rajnandini Metal IPO Review Issue Details :

  • IPO Opens on – September 24, 2018.
  • IPO Closes on – September 27, 2018.
  • Issue Price – Rs. 26 Per Equity Share.
  • Issue Type – Fixed Price Issue IPO.
  • Face Value – Rs.10 per Equity Share.
  • Min Order Quantity – 4000 Shares.
  • Market Lot – 4000 Shares.
  • Retail Allocation – 50%.
  • Issue Size – 1,644,000 Equity Shares of Rs. 10 aggregating up to Rs. 4.27 Cr.
  • Listing Exchange At – NSE SME Exchange.
  • Draft Prospectus – Click Here.

Objectives of the issue of the Company :

  • To meet out the Working Capital requirements of this company.
  • General Corporate Purposes of Rajnandini Metal.
  • Issue Expenses is the main point among of these objectives of the issue.

About The Company –

  • Rajnandini Metal is incorporated in 2010.
  • This company works as a crucial business interface, networking between manufacturers/ processors/yards and consumers or traders across the country.
  • The product of Rajnandini Metal offers a diversified product range which includes a variety of grades, thickness, widths, and standards of all types of ferrous and Nonferrous Metals according to customer specifications.
  • This company operates as an important intermediary in the Metals Supply Chain.
  • In Metals Supply Chain 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.
  • Rajnandini Metal business model is based on B2B model.
  • This company sells the scrap to the business enterprises who further transform the scrap into the finished product as per their requirements.
  • Rajnandini Metal operates three warehouses in Daulatpur, New Delhi; NIT Faridabad; and Bilaspur, New Delhi.
  • This company has 11 employees on its payroll.

Rajnandini Metal Limited

Products of Rajnandini Metal :

  • Copper Scrap :

  1. Mill Berry.
  2. Birch Cliff.
  3. Candy.
  4. Berry.
  • Semi-Finished Copper :

  1. Copper Ingots.
  2. Copper Rod.
  • Brass Scrap :

  1. Honey.
  2. Ebony.
  3. Ocean.
  • Semi-Finished Brass :

  1. Brass Ingots.
  • Aluminium Scrap :

  1. Tense.
  2. Taint Tabor.
  3. Tread(6061 and 6063).
  4. Tally.
  5. Talon.
  6. Talk.
  • Aluminium Alloys :

  1. Ingots.
  • Semi-Finished Lead :

  1. Re-melted lead Ingots.
  2. Refined Lead Ingots.
  • Ferrous / HMS Scrap :

  1. Cast Iron Scrap.
  2. HMS.
  3. P&N Scrap.
  • Zinc Scrap :

  1. Old Zinc Diecast Scrap.
  2. Remelt Die Cast Zinc Scrap.
  3. Mixed Zinc Diecast Scrap.

Location :

3 E/17, B. P. N I T,

Block E, New Industrial Twp 3,

Faridabad – 121001,

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Haryana, India.

The promoters of Rajnandini Metal :

  • Mr. Het Ram, aged 38 years, is the Promoter and Managing Director of this company.
  • Mrs. Mithlesh Sharma, aged 40 years, is the Promoter and Director of this company.

The Board of Directors of this company :

  • Mr. Het Ram, aged 38 years, is the Promoter and Managing Director of this company.
  • Mrs. Mithlesh Sharma, aged 40 years, is the Promoter and Executive Director of this company.
  • Mr. Surender Sharma, aged 44 years, is the Non-Executive Independent Director of this company.
  • Mr. Shiv Kumar, aged 38 years, is the Non-Executive Independent Director of this company.

Competitive Strength of  Rajnandini Metal :

  • Experienced management and a well-trained employee base of this company :

    The management and employee team of this company combines expertise and experience to outline plans for the future development of the company. Mr. Het Ram Sharma, the Promoter and Managing Director of this company have significant industry experience. He has been instrumental in the consistent growth of Rajnandini Metal.

  • Existing client relationship of Rajnandini Metal :

    Rajnandini Metal is believed in constantly addressing the customer needs for the variety of the products of this company. Their existing client relationships to get repeat business from the customers of this company. This has a long-term working relationship with their customers and improves their customer retention strategy.

  • Company’s Quality Assurance and Standards :

    This company believes in maintaining the highest quality for their product offerings. Rajnandini Metal has dedicated towards the quality of the products this company. The quality standards of this company as prescribed by their customers.

  • Expertise and vast industry experience of Rajnandini Metal :

    The promoters of this company are experienced in their line of business. Rajnandini Metal has felt that the strength of any successful organization lies in the experience and guidance of its team leaders and staff alike.

  • Innovative Ideas :

    This company is focusing on exporting and expanding their existing range of products in line with their strategy. This is to add new products to the existing product range and comes out with new business ideas.

Business Strategy of the Company :

  • Enhance customer base by entering new geographies.
  • Leveraging the Market skills and Relationships of this company.
  • Focus on quality.

Company Financials :

Company financial is necessary for Rajnandini Metal IPO Review.

Rajnandini Metal IPO

Rajnandini Metal IPO Review :

The company has provided last six years financial statement through its prospectus, termed as draft red herring prospectus. The company is currently in its developing stage. Before the last financial year, the company’s profit growth level was growing in an abrupt way. Last year profit growth was pretty much higher in comparison to the previous years. The snapshot of the mini statement is the small version of the actual profit loss statement of the company. Before concluding the review, let’s go through the prospectus of the company to get the fundamental ratios. Basics and Diluted EPS as per the financial year 2017-18 stands at 2.29. Price to Earnings Ratio is 11.37. Return on Net Worth (RoNW) is 12.68. NAV/Share is 18.03. The above data is based on 2017-18 financial year. Therefore, Rajnandini Metal IPO Review carries a NEUTRAL view. A long-term investment can be beneficial for it.

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