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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 ₹130.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an retail is ₹1,23,000 (1000 shares). The minimum lot size investment for 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 Date | November 26, 2024 to November 28, 2024 |
| Listing Date | December 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹123 to ₹130 per share |
| Issue Price Final | ₹130 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 19,00,000 shares (aggregating up to ₹24.70 Cr) |
| Reserved for Market Maker | 1,41,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹1.83 Cr) |
| Net Offered to Public | 17,59,000 shares (aggregating up to ₹22.87 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 51,33,500 shares |
| Share Holding Post Issue | 70,33,500 shares |
Rajputana Biodiesel IPO offers total 19,00,000 shares. Out of which 8,60,000 (45.26%) allocated to QIB, 3,45,000 (18.16%) allocated to QIB, 2,70,000 (14.21%) allocated to NII, 6,29,000 (33.11%) allocated to RII and 5,15,000 (27.11%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,41,000 (7.42%) |
| QIB Shares Offered | 8,60,000 (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 (14.21%) |
| Retail Shares Offered | 6,29,000 (33.11%) |
| Total Shares Offered | 19,00,000 (100.00%) |
Rajputana Biodiesel IPO raises ₹6.70 crore from anchor investors. Rajputana Biodiesel IPO Anchor bid date is November 25, 2024. Rajputana Biodiesel IPO Anchor Investors list
| Bid Date | November 25, 2024 |
| Shares Offered | 5,15,000 |
| Anchor Portion Size (In Cr.) | 6.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 2, 2025 |
Rajputana Biodiesel IPO opens on November 26, 2024, and closes on November 28, 2024.
| IPO Open Date | Tue, Nov 26, 2024 |
| IPO Close Date | Thu, Nov 28, 2024 |
| Tentative Allotment | Fri, Nov 29, 2024 |
| Initiation of Refunds | Fri, Nov 29, 2024 |
| Credit of Shares to Demat | Mon, Dec 2, 2024 |
| Tentative Listing Date | Tue, Dec 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Nov 28, 2024 |
Investors can bid for a minimum of 1,000 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 | 1,000 | ₹1,30,000 |
| Retail (Max) | 1 | 1,000 | ₹1,30,000 |
| HNI (Min) | 2 | 2,000 | ₹2,60,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹91.44 Cr.
KPI as of Wed, Jul 31, 2024.
| KPI | Values |
|---|---|
| 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 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:
[Dilip Davda] The company is engaged in manufacturing and supplying of bio-fuels and its by-products. The company marked quantum jump in its top and bottom lines from FY24 onwards. Its borrowing at Rs. 19.89 cr. as of July 31, 2024, raised concern. On overall financial parameters, the issue appears fully priced. Well-informed investors may park moderate fund for medium to long term. Read detail review...
| Listing Date | December 3, 2024 |
| BSE Script Code | |
| NSE Symbol | RAJPUTANA |
| ISIN | INE0VHU01019 |
| Final Issue Price | ₹130 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹130.00 |
| Open | ₹247.00 |
| Low | ₹247.00 |
| High | ₹259.35 |
| Last Trade | ₹259.35 |
Rajputana Biodiesel Ltd.
Jaipuria Mansion
Panch Batti
M.I. Road
Jaipur, Rajasthan, 302001
Phone: +91- 9509222333
Email: cs@rajputanabiodiesel.com
Website: https://rajputanabiodiesel.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Rajputana Biodiesel IPO is a SME IPO of 19,00,000 equity shares of the face value of ₹10 aggregating up to ₹24.70 Crores. The issue is priced at ₹130 per share. The minimum order quantity is 1000.
The IPO opens on November 26, 2024, and closes on November 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 November 26, 2024 and closes on November 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 Monday, December 2, 2024. Check the Rajputana Biodiesel IPO allotment status.
The Rajputana Biodiesel IPO listing date is on Tuesday, December 3, 2024.
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