1. Funding capital expenditure requirements for setting up of manufacturing facility for Stainless Steel Seamless Pipes to expand our product portfolio (“Proposed Facility”);
2. Funding Working capital requirement for the Proposed Facility;
3. Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company; and
4. General corporate purposes.
...
ar manufacturing Unit having an annual installed capacity of 3,600MT and two Wind Mill Projects at Kutchch and Rajkot respectively having an aggregate existing Powergeneration capacity of 2.10 MW, which we use for captive power consumption. We are one of the fastestgrowing manufacturers of high quality Stainless Steel Billets, RCS, Wire Rods, Hexagon, Square, Black& Bright Bars in various grades and sizes.Our Company’s Manufacturing Plant is located at 213, Madhwas, Halol Kalol Road, Kalol, PanchmahalsDist., Gujarat-389330. Our Plant is located on the Vadodara-Indore National Highway and is 55 kmsfrom Vadodara Steel Market and 60 kms from ICD Dashrath Port.Our Company sells its goods through its Marketing offices located at Vadodara and Mumbai. In additionto that we have various dealers all across India selling our goods. Our customer profile includes SurajStainless Ltd., Rajratna Metals and other such Stainless Steel Players.The Company’s Revenues have grown from 3157.29 lacs in fiscal 2005 to Rs. 11281.21 lacs in fiscal2009, at a CAGR of 37.49%. Our earnings before interest, tax, depreciation and amortization hasincreased from Rs. 46.21 lacs in 2005 to Rs. 657.69 lacs in 2009, at a CAGR of 94.23%. Our profit aftertax has increased from Rs. 9.42 lacs in fiscal 2005 to Rs. 137.62 lacs in fiscal 2009, at a CAGR of95.50%. This improvement in performance is due to the plant expansion carried out in 2008-09Currently the company has an in-house Melting Unit, and Bright Bar unit and other facilities such asDrawing, Rolling etc are done by the Company outside on a job work basis. In order to achieve our goalof becoming a leading full-service integrated Stainless Steel Company with presence across the valuechain, we are currently exploring options in the form of Forward Integration in the Stainless SteelIndustry Value chain and are also considering certain key processes done outside currently to be done inhousefor improved productivity and profitability.We plan to setup our own Rolling Mill at a plot adjacent to our existing production Plant in order to gainthe advantages of forward integration. The land procurement for the Rolling Mill Project has beencompleted and the shed construction for the same has already been started. We are also planning toincrease our production capacity of Bright Bars to match the growing demand of this product. Also inorder to further benefit from Power savings generated by owning Wind Energy Units we plan to set upone more Wind Mill having a Power generating Capacity of 1.5 MW at Gujarat. Read MoreK FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
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The issue size of Rajputana Stainless Ltd. IPO is ₹0.00 - 0.00 crore.
The Rajputana Stainless Ltd. IPO opens for subscription on and closes on .
The price range of Rajputana Stainless Ltd. IPO is ₹0.00 to ₹0.00.
The lot size of Rajputana Stainless Ltd. IPO is shares.
The registrar of Rajputana Stainless Ltd. IPO is K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.).
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