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Rajgor Castor Derivatives IPO is a book build issue of ₹47.81 crores. The issue is a combination of fresh issue of 0.89 crore shares aggregating to ₹44.48 crores and offer for sale of 0.07 crore shares aggregating to ₹3.33 crores.
Rajgor Castor Derivatives IPO bidding started from Oct 17, 2023 and ended on Oct 20, 2023. The allotment for Rajgor Castor Derivatives IPO was finalized on Oct 26, 2023. The shares got listed on NSE SME on Oct 31, 2023.
Rajgor Castor Derivatives IPO price band is set at ₹50.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,41,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Rajgor Castor Derivatives IPO RHP for detailed Information.
| IPO Date | October 17, 2023 to October 20, 2023 |
| Listing Date | October 31, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹47 to ₹50 per share |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 95,61,000 shares (aggregating up to ₹47.81 Cr) |
| Reserved for Market Maker | 5,01,000 shares Spread X Securities Pvt.Ltd. (aggregating up to ₹2.51 Cr) |
| Fresh Issue (Ex Market Maker) | 83,94,000 shares (aggregating up to ₹41.97 Cr) |
| Offer for Sale | 6,66,000 shares of ₹10 (aggregating up to ₹3.33 Cr) |
| Net Offered to Public | 90,60,000 shares (aggregating up to ₹45.30 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,50,20,852 shares |
| Share Holding Post Issue | 2,39,15,852 shares |
Rajgor Castor Derivatives IPO offers total 95,61,000 shares. Out of which 45,24,000 (47.32%) allocated to QIB, 18,12,000 (18.95%) allocated to QIB, 13,62,000 (14.25%) allocated to NII, 31,74,000 (33.20%) allocated to RII and 27,12,000 (28.37%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 5,01,000 (5.24%) |
| QIB Shares Offered | 45,24,000 (47.32%) |
| − Anchor Investor Shares Offered | 27,12,000 (28.37%) |
| − QIB (Ex. Anchor) Shares Offered | 18,12,000 (18.95%) |
| NII (HNI) Shares Offered | 13,62,000 (14.25%) |
| Retail Shares Offered | 31,74,000 (33.20%) |
| Total Shares Offered | 95,61,000 (100.00%) |
Rajgor Castor Derivatives IPO raises ₹13.56 crore from anchor investors. Rajgor Castor Derivatives IPO Anchor bid date is October 16, 2023. Rajgor Castor Derivatives IPO Anchor Investors list
| Bid Date | October 16, 2023 |
| Shares Offered | 27,12,000 |
| Anchor Portion Size (In Cr.) | 13.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 25, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 24, 2024 |
Rajgor Castor Derivatives IPO opens on October 17, 2023, and closes on October 20, 2023.
| IPO Open Date | Tue, Oct 17, 2023 |
| IPO Close Date | Fri, Oct 20, 2023 |
| Tentative Allotment | Thu, Oct 26, 2023 |
| Initiation of Refunds | Fri, Oct 27, 2023 |
| Credit of Shares to Demat | Mon, Oct 30, 2023 |
| Tentative Listing Date | Tue, Oct 31, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Oct 20, 2023 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2018, Rajgor Castor Derivatives Limited manufactures castor oil-based products for the Indian market.
The company's product list includes:
The company's manufacturing unit is located in Banaskantha. As of July 31, 2023, the company employs over 60 employees.
Rajgor Castor Derivatives' clientele includes manufacturers of Lubricants, Paints, Pharmaceuticals, Cable insulators, Sealants, Inks, Rubber, and Textiles, farmers and manufacturers of organic fertilizers, poultry farms, and manufacturers of organic fertilizers.
Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
| Assets | 9,847.95 | 7,782.64 | 3,753.42 | 2,578.48 | 2,645.34 |
| Total Income | 11,276.10 | 42,887.35 | 4,091.30 | 1,100.69 | 1,497.33 |
| Profit After Tax | 192.57 | 554.47 | 52.19 | -180.18 | -97.02 |
| Net Worth | 2,558.24 | 2,365.55 | 201.90 | 149.71 | |
| Reserves and Surplus | 2,343.54 | 2,150.97 | 190.12 | 137.93 | 318.12 |
| Total Borrowing | 5,178.96 | 4,450.93 | 1,809.51 | 2,286.28 | |
| Amount in ₹ Lakhs | |||||
The market capitalization of Rajgor Castor Derivatives IPO is ₹119.58 Cr.
| KPI | Values |
|---|---|
| ROE | 43.19% |
| ROCE | 22.97% |
| Debt/Equity | 1.88 |
| RoNW | 23.44% |
The Offer Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] RCDL is in the business of castor oil related derivatives that has huge and growing demand. The company scaled up its operations post the pandemic and is poised for bright prospects ahead. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for long-term rewards. Read detail review...
| Listing Date | October 31, 2023 |
| BSE Script Code | |
| NSE Symbol | RCDL |
| ISIN | INE0BZQ01011 |
| Final Issue Price | ₹50 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹59.00 |
| Low | ₹56.05 |
| High | ₹61.95 |
| Last Trade | ₹61.10 |
Rajgor Castor Derivatives Ltd.
807, Titanium One, Nr. Pakwan Cross Road,
Nr. Shabri Water Works, S.G. Highway
Bodakdev,
Ahmedabad, Gujarat, 380054
Phone: +91 9898926368
Email: cs@rajgorcastor.com
Website: https://www.rajgorcastor.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: rajgorcastorderivatives.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Rajgor Castor Derivatives IPO is a SME IPO of 95,61,000 equity shares of the face value of ₹10 aggregating up to ₹47.81 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on October 17, 2023, and closes on October 20, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rajgor Castor Derivatives IPO using UPI as a payment gateway. Zerodha customers can apply in Rajgor Castor Derivatives IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajgor Castor Derivatives IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajgor Castor Derivatives IPO opens on October 17, 2023 and closes on October 20, 2023.
Rajgor Castor Derivatives IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Rajgor Castor Derivatives IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Rajgor Castor Derivatives IPO will be done on Thursday, October 26, 2023, and the allotted shares will be credited to your demat account by Monday, October 30, 2023. Check the Rajgor Castor Derivatives IPO allotment status.
The Rajgor Castor Derivatives IPO listing date is on Tuesday, October 31, 2023.
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