Bookbuilding IPO | ₹48 Cr | Listed at NSE SME | Tue, Oct 17, 2023 - Fri, Oct 20, 2023
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 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,50,000 (3000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Oct 17, 2023
IPO Close
Fri, Oct 20, 2023
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹119.58 Cr
| IPO Date | 17 to 20 Oct, 2023 |
| Listed on | Tue, Oct 31, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹47 to ₹50 |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 95,61,000 shares (agg. up to ₹48 Cr) |
| Reserved for Market Maker | 5,01,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 83,94,000 shares (agg. up to ₹42 Cr) |
| Offer for Sale | 6,66,000 shares of ₹10 (agg. up to ₹3 Cr) |
| Net Offered to Public | 90,60,000 shares (agg. up to ₹45 Cr) |
| Share Holding Pre Issue | 1,50,20,852 shares |
| Share Holding Post Issue | 2,39,15,852 shares |
| NSE Symbol | RCDL |
| ISIN | INE0BZQ01011 |
Rajgor Castor Derivatives IPO comprises a total issue size of 95,61,000 shares. The net offer to the public is 90,60,000 shares, after excluding 5,01,000 shares allotted on a firm basis. Of the Net offer 45,24,000 (49.93%) are allocated to QIB, 13,62,000 (15.03%) allocated to NII 31,74,000 (35.03%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 45,24,000 | 49.93% | 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 | 15.03% | 14.25% |
| Retail Shares Offered | 31,74,000 | 35.03% | 33.20% |
| Firm Reservations | |||
| Market Maker Shares Offered | 5,01,000 | 5.24% | |
| Total Shares Offered | 95,61,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
Rajgor Castor Derivatives IPO raises ₹13.56 crore from anchor investors. Rajgor Castor Derivatives IPO Anchor bid date is October 16, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Oct 16, 2023 |
| Shares Offered | 27,12,000 |
| Anchor Portion (₹ Cr.) | 13.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Nov 25, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Jan 24, 2024 |
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.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|---|
| Assets | 98.48 | 77.83 | 37.53 | 25.78 | 26.45 |
| Total Income | 112.76 | 428.87 | 40.91 | 11.01 | 14.97 |
| Profit After Tax | 1.93 | 5.54 | 0.52 | -1.80 | -0.97 |
| NET Worth | 25.58 | 23.66 | 2.02 | 1.50 | |
| Reserves and Surplus | 23.44 | 21.51 | 1.90 | 1.38 | 3.18 |
| Total Borrowing | 51.79 | 44.51 | 18.10 | 22.86 | |
| Amount in ₹ Crore | |||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 29.92 |
| 2 | General Corporate Purpose | 10.74 |
| KPI | |
|---|---|
| ROE | 43.19% |
| ROCE | 22.97% |
| Debt/Equity | 1.88 |
| RoNW | 23.44% |
| PAT Margin | 1.29% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 30.06 | |
| P/E (x) | 1.66 | 15.48 |
| Promoter Holding | 100% | |
| Market Cap | ₹119.58 Cr. |
The Rajgor Castor Derivatives IPO is subscribed 107.43 times on October 20, 2023 7:29:00 PM (Day 4). The public issue subscribed 80.7 times in the retail category, 35.52 times in the QIB category, and 260.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 35.52 | 17,22,000 | 6,11,73,000 |
| NII* | 260.01 | 13,62,000 | 35,41,29,000 |
| Retail | 80.7 | 31,42,000 | 25,35,51,000 |
| Total | 107.43 | 62,26,000 | 66,88,53,000 |
Total Application : 84,517
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting Commission | 0.25 |
| 2 | Fees Payable to Registrar to the Offer | 0.01 |
| 3 | Fees Payable Advertising and Printing Expenses | 0.05 |
| 4 | Fees Payable to Regulators including Stock Exchanges and other Intermediaries | 0.15 |
| 5 | Fees payable to Peer Review Auditor | 0.01 |
| 6 | Fees Payable to Market Maker (for Two Years) | 0.06 |
| 7 | Escrow Bank Fees | 0.01 |
| 8 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 3.57 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹59.00 |
| Low | ₹56.05 |
| High | ₹61.95 |
| Last Trade | ₹61.10 |
Lead Manager Reports
Rajgor Castor Derivatives IPO is a SME IPO of 95,61,000 equity shares of the face value of ₹10 aggregating up to ₹48 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Tue, Oct 17, 2023, and closes on Fri, Oct 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 Tue, Oct 17, 2023 and closes on Fri, Oct 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 Mon, Oct 30, 2023. Check the Rajgor Castor Derivatives IPO allotment status.
The Rajgor Castor Derivatives IPO listing date is on Tue, Oct 31, 2023.
