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Rajputana Biodiesel IPO is a book built issue of Rs 24.70 crores. The issue is entirely a fresh issue of 19 lakh shares.
Rajputana Biodiesel IPO opens for subscription on November 26, 2024 and closes on November 28, 2024. The allotment for the Rajputana Biodiesel IPO is expected to be finalized on Friday, November 29, 2024. Rajputana Biodiesel IPO will list on NSE SME with tentative listing date fixed as Tuesday, December 3, 2024.
Rajputana Biodiesel IPO price band is set at ₹125 to ₹130 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹260,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Rajputana Biodiesel IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Rajputana Biodiesel IPO is Giriraj Stock Broking.
Refer to Rajputana Biodiesel IPO RHP for detailed information.
| IPO Date | November 26, 2024 to November 28, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹130 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,900,000 shares (aggregating up to ₹24.70 Cr) |
| Fresh Issue | 1,900,000 shares (aggregating up to ₹24.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,133,500 |
| Share holding post issue | 7,033,500 |
| Market Maker portion | 141,000 shares Giriraj Stock Broking |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Rajputana Biodiesel IPO raises Rs 6.70 crore from anchor investors. Rajputana Biodiesel IPO Anchor bid date is November 25, 2024.
| Bid Date | November 25, 2024 |
| Shares Offered | 515,000 |
| Anchor Portion Size (In Cr.) | 6.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 27, 2025 |
Rajputana Biodiesel IPO opens on November 26, 2024, and closes on November 28, 2024.
| IPO Open Date | Tuesday, November 26, 2024 |
| IPO Close Date | Thursday, November 28, 2024 |
| Basis of Allotment | Friday, November 29, 2024 |
| Initiation of Refunds | Friday, November 29, 2024 |
| Credit of Shares to Demat | Monday, December 2, 2024 |
| Listing Date | Tuesday, December 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 28, 2024 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹130,000 |
| Retail (Max) | 1 | 1000 | ₹130,000 |
| HNI (Min) | 2 | 2,000 | ₹260,000 |
| Lot Size Calculator | |||
Mr. Sarthak Soni, Mr. Tanay Attar, Mr. Sudeep Soni, and Mrs. Madhuri Surana are the company's promoters.
| Share Holding Pre Issue | 90.00% |
| Share Holding Post Issue | 65.68% |
Founded in 2016, Rajputana Biodiesel Limited produces and supplies biofuels and their by-products, namely glycerine and fatty acids.
The company's production facility is located at G24 RIICO Industrial Area, Phulera, Rajasthan 303338 in an area of 4,000 square meters. The company has an approved production capacity of 30 kiloliters per day (kl/pd) and an installed production capacity of 24 kiloliters per day (kl/pd).
Rajputana Biodiesel's product portfolio includes Bio-Diesel, Crude Glycerin, Castic Potash Flakes, Waste Sludge, Used Cooking Oil, Esteried Fatty Acid, Methanol, Citric Acid, Refined Rice Oil, Crude Sunflower Oil, Sodium Methoxide, RBD Palm Sterin, Job Work: semi-refining of glycerine for other manufacturers, and Fats.
As of July 31, 2024, the company had 30 permanent employees.
Rajputana Biodiesel Limited's revenue increased by 128% and profit after tax (PAT) rose by 168% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 4,626 | 3,995.16 | 1,515.69 | 1,071.47 | ||||||||||||||||||||||||||||||||||||
| Revenue | 2,779.18 | 5,367.51 | 2,354.06 | 1,746.07 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 259.59 | 452.43 | 168.83 | 19.97 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 1,573.81 | 1,314.22 | 454.99 | -128.92 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 1,050.46 | 800.87 | -7.01 | -131.42 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 1,989.23 | 1,914.19 | 887.12 | 1,093.61 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
The market capitalization of Rajputana Biodiesel IPO is Rs 91.44 Cr.
KPI as of July 31, 2024.
| KPI | Values |
|---|---|
| ROCE | 11.00% |
| Debt/Equity | 1.26 |
| RoNW | 16.49% |
| P/BV | 4.24 |
| PAT Margin (%) | 9.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.81 | 11.07 |
| P/E (x) | 14.75 | 11.74 |
The Company proposes to utilize the funds that are being raised through this Issue towards the following objectives:
Rajputana Biodiesel Limited
Jaipuria Mansion Panch Batti,
M.I. Road,
Jaipur - 302001
Phone: +91- 9509222333
Email: cs@rajputanabiodiesel.com
Website: https://rajputanabiodiesel.com/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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Rajputana Biodiesel IPO is a SME IPO of 1,900,000 equity shares of the face value of ₹10 aggregating up to ₹24.70 Crores. The issue is priced at ₹125 to ₹130 per share. The minimum order quantity is 1000 Shares.
The IPO opens on November 26, 2024, and closes on November 28, 2024.
Maashitla Securities Private Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rajputana Biodiesel IPO using UPI as a payment gateway. Zerodha customers can apply in Rajputana Biodiesel IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajputana Biodiesel IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajputana Biodiesel IPO opens on November 26, 2024 and closes on November 28, 2024.
Rajputana Biodiesel IPO lot size is 1000 Shares, and the minimum amount required is ₹130,000.
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.
The finalization of Basis of Allotment for Rajputana Biodiesel IPO will be done on Friday, November 29, 2024, and the allotted shares will be credited to your demat account by Monday, December 2, 2024. Check the Rajputana Biodiesel IPO allotment status.
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