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Rajnandini Metal Limited IPO
NSE SMERs 1,04,000/- ) / 4000 Shares
Rajnandini Metal Limited IPO Details
The Rajnandini Metal Limited IPO price band is set between Rs 26/- Per Equity Share, with a face value of Rs 10 per share. The issue is managed by Bigshare Services Private Limited, and the equity shares are proposed to be listed on the NSE SME.
The IPO date for subscription opens on 24 Sep, 2018 and closes on 27 Sep, 2018. Investors can check the allotment status on 4 Oct, 2018, while the listing date is tentatively scheduled for 8 Oct, 2018.
The total issue size is Fresh Issue of 16,44,000 Equity Shares of Rs 10/- at a price of Rs 26/- per share aggregating to Rs 4.27 Cr, aggregating up to . Stay tuned for the latest Rajnandini Metal Limited IPO review and GMP updates.
Rajnandini Metal Limited IPO Review, Rating & Analysis
Rajnandini Metal Limited IPO Review
NO REVIEWRajnandini Metal Limited IPO Rating
Rajnandini Metal Limited IPO Highlights
IPO Date
Sep 24, 2018 - Sep 27, 2018
Listing Date
8 Oct, 2018
Face Value
Rs 10 Per Equity Share
Price Band
Rs 26/- Per Equity Share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
NSE SME
Rajnandini Metal Limited IPO Lot Size
The minimum market lot for Rajnandini Metal Limited IPO is 4000 shares with an application amount of ₹1,04,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹1,04,000 |
| Retail (Max) | 1 | 4000 | ₹1,04,000 |
| S-HNI (Min) | 2 | 8000 | ₹2,08,000 |
| S-HNI (Max) | 9 | 36000 | ₹9,36,000 |
| B-HNI (Min) | 10 | 40000 | ₹10,40,000 |
Rajnandini Metal Limited IPO Timeline
Issue Price
Rs 26/- Per Equity ShareFace Value
Rs 10 Per Equity ShareListing at Group
NSE SMERegistrar
Bigshare Services Private LimitedLead Manager
Corporate Capital Ventures Private LimitedIssue Size
Fresh Issue of 16,44,000 Equity Shares of Rs 10/- at a price of Rs 26/- per share aggregating to Rs 4.27 CrPromoters & Share Holding
Promoter(s) Name
- Mr. Het Ram
- Mrs. Mithlesh Sharma
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A | N/A |
About Company
Rajnandini Metal Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 7,80,000 | 7,80,000 | 15,60,000 |
Day 1 -24-09-18 | 14,96,000 1.92 x | 20,000 0.03 x | 15,16,000 0.97 x |
Day 2 -25-09-18 | 15,64,000 2.01 x | 64,000 0.08 x | 16,28,000 1.04 x |
Day 3 -26-09-18 | 18,32,000 2.35 x | 1,24,000 0.16 x | 19,56,000 1.25 x |
Day 4 -27-09-18 | 18,56,000 2.38 x | 3,00,000 0.38 x | 21,56,000 1.38 x |
Frequently Asked Questions about Rajnandini Metal Limited IPO IPO
When will Rajnandini Metal Limited IPO open for subscription?
The Rajnandini Metal Limited IPO opens on 24 Sep, 2018 and closes on 27 Sep, 2018.
What is the investors portion for Rajnandini Metal Limited IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 780000.
How to apply for Rajnandini Metal Limited IPO?
You can apply for Rajnandini Metal Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Rajnandini Metal Limited IPO?
The issue size of Rajnandini Metal Limited IPO is approx ₹Fresh Issue of 16,44,000 Equity Shares of Rs 10/- at a price of Rs 26/- per share aggregating to Rs 4.27 Cr crores.
What is the price band of Rajnandini Metal Limited IPO?
The price band for Rajnandini Metal Limited IPO is Rs 26/ to ₹ Per Equity Share.
What is the lot size of Rajnandini Metal Limited IPO?
The minimum bid (lot size) for Rajnandini Metal Limited IPO is 4000 shares with an investment of approx Rs 1,04,000/- ) .
What is the allotment date of Rajnandini Metal Limited IPO?
The allotment date for Rajnandini Metal Limited IPO is 4 Oct, 2018.
What is the listing date of Rajnandini Metal Limited IPO?
The listing date for Rajnandini Metal Limited IPO is expected to be 8 Oct, 2018.
What is the GMP of Rajnandini Metal Limited IPO?
The latest Grey Market Premium (GMP) for Rajnandini Metal Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.