Rajputana Stainless IPO: Gujarat -based firm Rajputana Stainless has as soon as once more submitted draft papers to the Capital Market Regulator SEBI for its IPO. However this time the scale of the corporate’s concern is lower than earlier than. Rajputana Stainless makes a speciality of making many varieties of lengthy and flat chrome steel merchandise. These merchandise embody billets, rolled black bars, forging ingots, and different supporting merchandise. The corporate sells them beneath the ‘RSL’ model. In keeping with the Draft Crimson Herring Prospects (DRHP) deposited on Thursday, this time the IPO has been stated to have 1.46 crore new fairness share and the corporate’s promoter Shankarlal Deepchand Mehta to be 62.5 lakh shares provides on the market (ofs). The corporate’s shares are proposed to be listed on BSE and NSE. What had been IPO within the first draft, earlier than the main points associated information, Rajputana Stainless submitted the IPO draft papers in December 2024. At the moment, it was deliberate to concern 1.9 crore new shares within the concern. Additionally there was a 35 million shares ofs. With this measurement, the corporate’s IPO plan couldn’t climb as SEBI returned the draft of Rajputana Stainless in April 2025. Promoters together with Shankarlal Deepchand Mehta have 78.21 % stake in Rajputana Stainless. The remaining 21.79 % shares are with public shareholders. HDB Monetary IPO: Massive shock to preliminary traders! ₹ 700 will probably be bought for ₹ 1350, how will the cash of the inventory be bought for IPO cash, in line with the DRHP deposited, the corporate will use about Rs 18.31 crore out of the revenue to be earned by releasing new shares in its IPO for capital bills. Aside from this, Rs 98 crore will probably be spent in repaying loans, the remainder of the cash will probably be used for regular company wants. How is Rajputana Stainless’s monetary situation of monetary well being situations, throughout April-December 2024, Rajputana Stainless’s operations had been registered from the operations of Rs 684.13 crore. Pure earnings had been Rs 31.58 crore. Nirbhay Capital Providers for IPO is a book-hanging lead supervisor. On the identical time, Caffein Applied sciences are Registrar. Disclaimer: Right here data is being offered right here just for data. It’s obligatory to say right here that the funding market available in the market is topic to dangers. At all times seek the advice of consultants earlier than investing cash as an investor. There may be by no means recommendation to anybody to speculate cash on behalf of Moneycontrol.
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