R. P. Multimetals Files DRHP for IPO
By Ankur Chandra | Published at: Jul 14, 2025 03:50 PM IST
Fatehgarh Sahib, July 14 (IST) – R. P. Multimetals Limited has filed DRHP (Draft Red Herring Prospectus) with BSE SME for an Initial Public Offering comprising a fresh issue of up to 50.47 lakh equity shares. The offer does not include any OFS (Offer for Sale) component. The primary purpose of the IPO is to meet the working capital requirements and business expansion, as stated in the DRHP.
IPO Structure and Market Making
The entire IPO constitutes a fresh issue, with no selling shareholders. A reservation of 2,53,000 equity shares is earmarked for the Market Maker. The net issue to the public will consist of 47,94,000 equity shares, representing 25.17% of the post-issue equity capital. The overall issue represents 26.50% of the post-issue capital.
The issue will follow a book-building process, and shares are proposed to be listed on the BSE SME platform. Fintellectual Corporate Advisors Pvt. Ltd. is acting as the Book Running Lead Manager (BRLM) and Skyline Financial Services is the Registrar to the Issue.
Use of Proceeds
The company aims to raise funds primarily for:
| Purpose | Amount (₹ in lakh) |
|---|---|
| Working capital requirements | ₹5,350.00 |
| General corporate purposes (capped at 15%) | To be disclosed |
| Total Estimated Utilisation | To be disclosed |
The final amounts will be updated upon price band determination.
Financial Highlights (Standalone, ₹ in lakh)
| FY Ended March 31 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue from Operations | ₹73,978.36 | ₹90,280.39 | ₹73,244.75 |
| Net Profit | ₹1,495.49 | ₹1,100.55 | ₹565.63 |
| EPS (Post-Bonus) | ₹11.17 | ₹8.60 | ₹4.42 |
| Net Worth | ₹8,305.29 | ₹5,415.53 | ₹4,306.93 |
| Total Assets | ₹23,729.75 | ₹22,528.25 | ₹19,582.44 |
| Total Borrowings | ₹12,502.94 | ₹14,311.97 | ₹12,385.37 |
The company has shown strong bottom-line growth in FY25 with a 36% YoY increase in net profit.
Shareholding Pattern Pre and Post Issue
| Shareholder Category | Pre-Issue % | Post-Issue % |
|---|---|---|
| Promoters | 66.60% | 48.95% |
| Promoter Group | 20.23% | 14.86% |
| Public (including IPO) | 13.17% | 36.18% |
| Total | 100.00% | 100.00% |
The promoter group includes Mr. Narain Singla and family, along with M/s Gopal Castings Pvt Ltd.
Key Ratios
- ROE (FY25): 21.83%
- Net Asset Value (NAV) per share: ₹59.36
- EPS (FY25): ₹11.17
- Debt-to-Equity: ~1.51x (Post FY25 Net Worth basis)
Promoter Lock-In
A total of 38,09,000 shares held by M/s Gopal Castings Pvt Ltd are proposed to be locked-in for 3 years as Promoters’ Contribution under SEBI ICDR Regulations.
About the Company
R. P. Multimetals Limited, originally incorporated in 1997 as a private company and converted to a public limited company in 2024, is a BIS-certified steel manufacturer based in Punjab. The company produces billets, HR coils, MS rounds, and ERW pipes, and recently diversified into zinc sheet manufacturing from APCD dust. It operates two manufacturing units with a combined installed capacity of 1,89,000 MTPA for steel and 2,975 MTPA for zinc.
The company recorded over ₹73 crore in operational revenue in FY25 and is pursuing aggressive working capital expansion to scale up in both verticals.
Listing will be on BSE SME. The dates for anchor bidding, price band, and opening/closing of the issue are yet to be announced.
REF: https://www.bsesme.com/download/388128/SME_IPO InPrinciple/DRHP_RPM_20250711200806.pdf
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