Rajputana Biodiesel IPO on 26 Nov.

November 21, 2024 admin Leave a reply Post Comment

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Table of Contents

What is the business of Rajputana Biodiesel?

Who are the Promoters of Rajputana Biodiesel?

Mr. Sarthak Soni, Mr. Tanay Attar, Mr. Sudeep Soni, and Mrs. Madhuri Surana are the company’s promoters.

What are the Objects of Rajputana Biodiesel IPO?

The Offer comprises of fresh issue of shares

The Company proposes to utilize the funds that are being raised through this Issue towards the following objectives:

1. Loan to the Subsidiary, Nirvaanraj Energy Private Limited at H No – 576, Sheel Kunj Ph – II, Roorkee Road, Dist. – Meerut, Meerut, Uttar Pradesh, India, 250001 (“NEPL”) for capital expenditure requirements towards the expansion of existing manufacturing facility (the “Project”);
2. Funding working capital requirements of the company; and
3. General Corporate purposes.

Rajputana Biodiesel IPO GMP grey market premium, review, Subscription, allotment, listing estimate

Rajputana Biodiesel IPO Review

Founded in 2016, Rajputana Biodiesel Limited specializes in the production and supply of biofuels and their by-products, including glycerine and fatty acids.

The company operates from a 4,000-square-meter facility located at G24, RIICO Industrial Area, Phulera, Rajasthan (Pin: 303338). With an approved production capacity of 30 kiloliters per day (kl/pd), the company has an installed production capacity of 24 kiloliters per day (kl/pd).

IPO Details and Market Outlook

The IPO size stands at an impressive Rs. 24.70 crore, offering 1900,000 shares. This is a relatively small offering, especially when compared to recent IPO trends. With 616 applications, the retail portion of the offering is expected to be subscribed once. The company has shown strong rise in the topline and the bottomline. The IPO can be considered as reasonably priced, if the profitability can be maintained in future.

+ from fundamental angle: May Apply
+ from grey market angle: ?

Quicklinks

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Rajputana Biodiesel IPO GMP today allotment, review?

Rajputana Biodiesel IPO GMP grey market premium

Rajputana Biodiesel IPO FAQs

What is Rajputana Biodiesel IPO?

This is a SME IPO of 1759000 equity shares of the face value of Rs. 10 aggregating up to Rs.24.70 Crores. The issue is priced at Rs.125-130 per share. The minimum order quantity is 1000 Shares.

When will Rajputana Biodiesel IPO subscription open?

Rajputana Biodiesel IPO opens on November 26, 2024, and closes on November 28, 2024.

What is the lot size of Rajputana Biodiesel IPO?

Rajputana Biodiesel IPO lot size is 1000 Shares, and the minimum amount required is Rs.130000

How to apply for Rajputana Biodiesel IPO?

You can apply in Rajputana Biodiesel IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

When is Rajputana Biodiesel IPO allotment?

The finalization of Basis of Allotment for Rajputana Biodiesel IPO will be done on November 29, 2024, and the allotted shares will be credited to your demat account by 2 December, 2024.

When is Rajputana Biodiesel IPO listing date?

Rajputana Biodiesel IPO listing date is December 3, 2024.