Raydean Enterprises unlisted share price

Price history

About

Raydean Enterprises Limited is a structural engineering company based in Jaipur, Rajasthan. As per its website, it was set up in 2008 and has more than 17 years in business. Its registered office is at Ridhiraj World Business Centre, Ajmer Road, Jaipur. The core business is making steel structures. Raydean designs and manufactures solar module mounting structures, solar trackers (sold as Raytrack), agrivoltaic structures, substation structures, transmission line towers and telecom towers. It also does solar EPC work such as solar power plants and solar water pumping systems, and makes railway structures, solar street lights and energy-efficient BLDC ceiling fans. On scale, the company states a 250,000 sq. ft. facility, a daily output of 350 metric tons and an annual capacity of 100,000 metric tons. It says it has supplied more than 1.5 GWp of rooftop solar structures and more than 5000 towers, and that it has completed over 5K projects. These are company claims from its own website and we have not checked them against audited numbers. Its factories are ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018 certified. Its customers include solar power plant developers, utilities, industrial units, farmers using solar pumps, telecom operators and railway projects. The management team on its website includes Naresh Bansal as Chief Financial Officer and Divya Navani as Company Secretary and Compliance Officer. Raydean is an unlisted public company with ISIN INE2IB901017 and has not completed an IPO. Its shares trade off-market through dealers, and prices are only indicative. The latest indicative price on IPO Guru is ₹1350 per share, with a lot of 100 shares, which implies a market cap of about ₹764.41 crore. We could not read the company's financial statements for this page, so no revenue or profit figures are shown here.