Bookbuilding IPO | ₹25 Cr | Listed at NSE SME | Tue, Nov 26, 2024 - Thu, Nov 28, 2024
Rajputana Biodiesel IPO is a book build issue of ₹24.70 crores. The issue is entirely a fresh issue of 0.19 crore shares of ₹24.70 crore.
Rajputana Biodiesel IPO bidding started from Nov 26, 2024 and ended on Nov 28, 2024. The allotment for Rajputana Biodiesel IPO was finalized on Nov 29, 2024. The shares got listed on NSE SME on Dec 3, 2024.
Rajputana Biodiesel IPO price band is set at ₹130 per share. The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,30,000 (1000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,000 shares), amounting to ₹2,60,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Rajputana Biodiesel IPO RHP for detailed Information.
IPO Open
Tue, Nov 26, 2024
IPO Close
Thu, Nov 28, 2024
Issue Price
₹130 per share
Market Cap (Pre-IPO)
₹91.44 Cr
| IPO Date | 26 to 28 Nov, 2024 |
| Listed on | Tue, Dec 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹123 to ₹130 |
| Issue Price | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 19,00,000 shares (agg. up to ₹25 Cr) |
| Reserved for Market Maker | 1,41,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 17,59,000 shares (agg. up to ₹23 Cr) |
| Net Offered to Public | 17,59,000 shares (agg. up to ₹23 Cr) |
| Share Holding Pre Issue | 51,33,500 shares |
| Share Holding Post Issue | 70,33,500 shares |
| NSE Symbol | RAJPUTANA |
| ISIN | INE0VHU01019 |
Rajputana Biodiesel IPO comprises a total issue size of 19,00,000 shares. The net offer to the public is 17,59,000 shares, after excluding 1,41,000 shares allotted on a firm basis. Of the Net offer 8,60,000 (48.89%) are allocated to QIB, 2,70,000 (15.35%) allocated to NII 6,29,000 (35.76%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 8,60,000 | 48.89% | 45.26% |
| − Anchor Investor Shares Offered | 5,15,000 | 27.11% | |
| − QIB (Ex. Anchor) Shares Offered | 3,45,000 | 18.16% | |
| NII (HNI) Shares Offered | 2,70,000 | 15.35% | 14.21% |
| Retail Shares Offered | 6,29,000 | 35.76% | 33.11% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,41,000 | 7.42% | |
| Total Shares Offered | 19,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,30,000 |
| Retail (Max) | 1 | 1,000 | ₹1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹2,60,000 |
Rajputana Biodiesel IPO raises ₹6.70 crore from anchor investors. Rajputana Biodiesel IPO Anchor bid date is November 25, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Nov 25, 2024 |
| Shares Offered | 5,15,000 |
| Anchor Portion (₹ Cr.) | 6.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 2, 2025 |
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.
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 46.26 | 39.95 | 15.16 | 10.71 |
| Total Income | 27.79 | 53.68 | 23.54 | 17.46 |
| Profit After Tax | 2.60 | 4.52 | 1.69 | 0.20 |
| NET Worth | 15.74 | 13.14 | 4.55 | -1.29 |
| Reserves and Surplus | 10.50 | 8.01 | -0.07 | -1.31 |
| Total Borrowing | 19.89 | 19.14 | 8.87 | 10.94 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Loan to our 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 expansion of it’s existing manufacturing facility (the “Project”); | 4.19 |
| 2 | Funding working capital requirements of the company; and | 12.20 |
| 3 | General Corporate purposes | 5.86 |
| KPI | Jul 31, 2024 |
|---|---|
| ROCE | 11.00% |
| Debt/Equity | 1.26 |
| RoNW | 16.49% |
| PAT Margin | 9.71% |
| Price to Book Value | 4.24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.81 | 11.07 |
| P/E (x) | 14.75 | 11.74 |
| Promoter Holding | 90% | 65.68% |
| Market Cap | ₹91.44 Cr. |
The Rajputana Biodiesel IPO is subscribed 718.81 times on November 28, 2024 6:19:59 PM (Day 3). The public issue subscribed 746.57 times in the retail category, 177.38 times in the QIB category, and 1,345.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 177.38 | 3,45,000 | 6,11,97,000 | 92 |
| NII* | 1,345.96 | 2,70,000 | 36,34,10,000 | 43,040 |
| Retail | 746.57 | 6,29,000 | 46,95,92,000 | 4,69,592 |
| Total | 718.81 | 12,44,000 | 89,41,99,000 | 5,12,724 |
Total Application : 5,12,724
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 1.95 |
| 2 | Brokerage and selling commission | 0.01 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | |
| 4 | Advertisement and Marketing Expenses | 0.08 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.40 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹247.00 |
| Low | ₹247.00 |
| High | ₹259.35 |
| Last Trade | ₹259.35 |
Lead Manager Reports
Rajputana Biodiesel IPO is a SME IPO of 19,00,000 equity shares of the face value of ₹10 aggregating up to ₹25 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.
The IPO opens on Tue, Nov 26, 2024, and closes on Thu, Nov 28, 2024.
Maashitla Securities Pvt.Ltd. 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 Tue, Nov 26, 2024 and closes on Thu, Nov 28, 2024.
Rajputana Biodiesel IPO lot size is 1000, and the minimum amount required for application is ₹1,30,000.
You can apply in Rajputana Biodiesel 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 Rajputana Biodiesel IPO will be done on Friday, November 29, 2024, and the allotted shares will be credited to your demat account by Mon, Dec 2, 2024. Check the Rajputana Biodiesel IPO allotment status.
The Rajputana Biodiesel IPO listing date is on Tue, Dec 3, 2024.
