December 3, 2024
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Rajputana Biodiesel IPO GMP grey market premium, review, Subscription, allotment, listing estimate @
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Rajputana Biodiesel listing Review
On 3rd December the scrip is listed at Rs. 247, a premium cap of 90% over the issue price.
Rajputana Biodiesel IPO allotment Link
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Subscription status of Rosmerta Digital IPO
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Rajputana Biodiesel IPO (Closing Today) Price Rs. 130 Lot 1000 shares, Rs. 24.70 Crore |
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| QIB | NII x | RII x | Total x | Applications |
| 177.38 | 1345.96 | 746.57 | 718.81 | 5,12,724 (815.14x) |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Rajputana Biodiesel?
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).
Rajputana Biodiesel offers a diverse product range, which includes:
- Bio-Diesel
- Crude Glycerin
- Caustic Potash Flakes
- Waste Sludge
- Used Cooking Oil
- Esterified Fatty Acids
- Methanol
- Citric Acid
- Refined Rice Oil
- Crude Sunflower Oil
- Sodium Methoxide
- RBD Palm Stearin
- Job Work (semi-refining of glycerine for other manufacturers)
- Fats
As of July 31, 2024, Rajputana Biodiesel employs 30 permanent staff members.
This refined version provides a more structured and formal presentation of the company’s profile while retaining all the key details.
Get more information about the company @ https://rajputanabiodiesel.com/
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Rajputana Biodiesel IPO Details |
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| IPO opens on | 26 November 2024 |
| IPO closes on | 28 November 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 19,00,000 Shares / Rs 24.70 Crore |
| * Fresh Issue | 19,00,000 Shares / Rs 24.70 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 141,000 Shares |
| Net offer to Public | 1759,000 Shares/ Rs.22.87 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 125-130 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 879500 | 11.43 |
| NII (15%) | 263850 | 3.44 |
| RII (35%) | 615650 | 8.00 |
| Total Shares | 1759000 | 22.87 |
| Retail portion will be oversubscribed by |
616 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 1000 Shares | Rs.130000 |
| Min HNI Application | 2000 Shares | Rs.260000 |
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:
- 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”);
- Funding working capital requirements of the company; and
- General Corporate purposes.
Tentative timetable |
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| IPO opens on | 26 November 2024 |
| IPO Closes on | 28 November 2024 |
| IPO Allotment on | 29 November 2024 |
| Refund Initiation | 2 December 2024 |
| Credit of Shares | 2 December 2024 |
| Listing on | 3 December 2024 |
| Registered Office of the Company Rajputana Biodiesel Limited Jaipuria Mansion Panch Batti, M.I. Road, Jaipur – 302001 |
| Who is the Lead Manager of this IPO? GYR Capital Advisors Private Limited |
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Who is the Registrar to IPO? |
Rajputana Biodiesel IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Rajputana Biodiesel IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 17.46 | 0.20 | 5.33 | |
| 2022-23 | 23.54 | 1.69 | 3.87 | |
| 2023-24 | 53.68 | 4.52 | 9.16 | 34.43 |
| Book Value of the Share on 31.03.2024 |
Rs | |||
| BV of the Share at cap price after IPO |
Rs. | – | ||
| Offer Price/upper band | Rs. | 130 | ||
IPO
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| Price/EPS of 23-24 | 14.19 |
| Price/BV Ratio | |
| Price/BV after IPO | |
How Rajputana Biodiesel IPO compares with the Peers?
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Crore | |||
| Rajputana Biodiesel | 10 | 53.68 | 14.19 |
| Kotyark Industries | 197.12 | 51.41 | |
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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
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.
