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IPO Synopsis

Rajputana Industries Ltd
Initial public offer of 62,85,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Rajputana Industries Limited ("The Company" or "Company" or "Issuer") for cash at a price of Rs. 38/- per equity share (including a share premium of Rs. 28/- per equity share), aggregating to Rs. 22.88 crores ("The Issue"). This issue includes a reservation of 3,60,000 equity shares aggregating to Rs. 1.37 crores (constituting 1.62% of the post-issue paid up equity share capital of the company) for subscription by the market maker ("Market Maker Reservation Portion") 30,000 equity shares aggregating to Rs. 0.11 crores (constituting 0.14% of the post-issue paid up equity share capital of the company) for subscription by eligible employees ("The Employee Reservation Portion") and 3,00,000 equity shares aggregating to Rs. 1.14 crores (constituting 1.35% of the post-issue paid up equity share capital of the company) for subscription by the Shera Energy Limited shareholders ("The Shera Energy Limited shareholders reservation Portion"). The issue less market maker reservation portion, employee reservation portion and Shera Energy Limited shareholders reservation portion is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 28.29% and 25.19% respectively of the fully diluted post issue paid up equity share capital of the company. The company, in consultation with the book running lead manager, has undertyaken a pre-ipo placement of 6,00,000 equity shares for cash consideration aggregating to Rs. 2.28 crores. The size of the fresh issue as disclosed in the draft red herring prospectus, aggregating up to 68,85,000 equity shares, has been reduced by 6,00,000 equity shares pursuant to the pre-ipo placement, and accordingly, the fresh issue is for an aggregate up to 62,85,000 equity shares and the minimum issue size shall constitute at least 10% of the post-issue paid-up equity share capital of the company, in compliance with rule 19(2)(b) of the scrr.
Issue
Opens On Closes On
30-Jul-24 01-Aug-24
Money Payable On
Application Allotment
38.00 0.00
Minimum Application for shares in Nos : 3000 Further Multiples of : 3000
(.Cr) Lead Managers to the Issue
Project Cost (.Cr) 21.31 Holani Consultants Pvt Ltd
Project Financed through Current Offer (.Cr) 22.88  
Post Issue Equity Share Capital (.Cr) 22.22
Issue Price () 38.00
Projects
Funding the working capital requirement of the company
Purchase of Grid Solar Power Generating System
General corporate purposes
Promoted By
Shera Energy Ltd
Sheikh Naseem
Shivani Sheihk
Listing At
NSE - SME
Registrar to the Issue
Bigshare Services Pvt Ltd
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