On August 25, 2021, RR Metalmakers India Limited closed the transaction. The transaction included participation from promoters, Virat Shah and Alok V Shah for 412,864 shares and 5,99,048 warrants each. The company issued 825,728 equity shares at a price of INR 11 per share for proceeds of INR 9,083,008 and 1,198,096 convertible warrants at an issue price of INR 2.5 per share for proceeds of 2,995,240 for gross proceeds of INR 12,078,248.