Rajnandini Metal Ltd

Rajnandini Metal Ltd

About the Company:

Rajnandini Metal Ltd is in 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.

Company operates as an important intermediary in the Metals Supply Chain whereby they purchase materials such as Annealed/Un-Annealed Copper Wires, Copper Wires, Brass Scrap, Aluminium ingot, Zinc ingot etc. from various suppliers and supply the same to customers in the Metal Business.

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.

Company caters to the demands of various industries such as manufacturing units, industries, automobile & engineering industry.


Company’s Product Range Includes:



Management Team:

  1. Mr. Het Ram (Designation: Managing Director)
  2. Mrs. Mithlesh Sharma (Designation: Non Independent Director)
  3. Mr. Surender Sharma (Designation: Independent Director)


Objectives of the Issue:

  • To meet out the Working Capital requirements of the Company.
  • General Corporate Purposes.
  • Issue Expenses


Peer Group Comparison:

Company is primarily engaged in trading of all types of ferrous and non ferrous metals such as copper wires, ingot, scrap, power cables and other related items used in various electrical and industrial applications.

Currently there are no listed companies in peer group company which are strictly comparable to Rajnandini Metal Ltd, with respect to the Industry in which they operate and the size of the company.


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 FY 18
Revenue 90.10 104.37 109.83 136.54 127.30 141.15
Net Profit 0.39 0.40 0.55 0.31 0.55 0.94


IPO Details:

Details Info
Issue Opens on 24th September 2018
Issue Closes on:. 24th September 2018
Issue Price Rs.26
Face Value Rs.10
Minimum Lot 4000 Shares
Minimum Investment Rs.1,04,000
Issue Constitutes 26.76%
Issue Size Rs.4.27 cr
Market Cap Rs.15.97 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 16,44,000
Equity Shares Prior to the Issue 45,00,000
Equity Shares after the Issue 61,44,000


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
2.09 12.41 11.74% 17.84


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Company Contact Info:
Rajnandini Metal Ltd
3E/17 B.P. N.I.T Faridabad, Haryana-121001 India
Tel: 0129-4074043; 0129-4074046
Website: www.rajnandinimetal.com


IPO Registrar Info:
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400059 Tel: + 91-22-6263 8200
Website: www.bigshareonline.com



Lead Manager to the Issue:
160 Lower Ground Floor, Vinoba Puri,
Lajpat Nagar New Delhi-110024
Tel: +91-011-41704066
Investor Email : investors@ccvindia.com
Website: www.ccvindia.com