New Delhi: Rajputana Industries IPO allotment will be finalised on Friday, August 2, 2024, according to the company’s draft prospectus. Rajputana Industries IPO opened on July 30, 2024, closed on August 1, 2024. Refunds will be initiated on August 5, 2024. Shares will be credited to the Demat account of allottees on August 5, 2024.
Rajputana Industries IPO GMP
Rajputana Industries IPO GMP stood at Rs 45 apiece on August 2, 2024, according to Investorgain, indicating a listing price of Rs 83 apiece for the company’s stock. GMP or grey market premium is the extra amount one is willing to pay to purchase a company’s stock. The IPO GMP indicates a 118.42 per cent premium over Rajputana Industries’ IPO price band upper limit.
Rajputana Industries IPO key dates and lot size
Rajputana Industries’ IPO is likely to be listed on the NSE SME index on August 6, 2024.
The minimum lot size for Rajputana Industries IPO is Rs 1,14,000, equalling 3,000 shares.
The IPO comprised a fresh issue of 62.85 lakh shares worth Rs 23.88 lakh crore.
The non-ferrous metal products manufacturer was set up in 2011.
The company sells billets of aluminium, copper and brass to other manufacturing companies.
The company reported a 65.54 per cent rise in profit after tax to Rs 512.64 crore in the period ending March 31, 2024, compared to RS 309.67 crore in the year-ago period.
The company’s revenues rose 28.11 per cent to RS 32,701.29 crore in the same period.
Rajputana Industries’ return on equity stood at 17.09 per cent while its profit margin stood at 1.57 per cent as of March 31, 2024.
Rajputana Industries IPO was oversubscribed 376.41X overall.
Rajputana Industries IPO allotment status: The IPO which closed on August 1, 2024, was oversubscribed over 300X. Here’s how to check the IPO allotment status. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
