Rajputana Industries IPO Review

At RAJPUTANA, they specialize in working with a wide range of metals, including copper, brass , aluminum, and various alloys. Their expertise extends to industries such as Power Industry , Automobile Industry, Hardware Industry, Etc.

The Company is managed by their promoters and directors, Mrs. Shivani Sheikh, who has over 26 years of experience in the manufacturing of non-ferrous metal and Mr. Sheikh Naseem, who has over 26 years of experience in the metal industry and electrical industry.

Financially, Rajputana revenue increased from ₹24,450.96 Lakhs in FY22 to ₹25,524.98 Lakhs in FY23 and currently increased at ₹32,701.29 Lakhs in FY24. EBITDA is stable from ₹1,203.35 Lakhs in FY22 to ₹1,299.36 Lakhs in FY23 and currently at ₹1,815.78 Lakhs in FY24. The PAT is also stable from ₹263.77 Lakhs in FY22 to ₹309.67 Lakhs in FY23 and currently at ₹512.64 Lakhs in FY24. This indicates a steady financial performance.

For the Rajputana IPO, the company is issuing shares at a pre-issue EPS of ₹3.22 and a post-issue EPS of ₹2.30. The pre-issue P/E ratio is 11.80x, while the post-issue P/E ratio is 16.52x against the industry P/E ratio of 51.17x. The company's ROCE for FY24 is 30.28% and ROE for FY24 is 17.09%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Rajputana indicates potential listing gains of 85% to 90%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to apply in Rajputana IPO for listing gain of Long Term Investment Purposes.