Rajputana Biodiesel IPO Details
SME
Rajputana Biodiesel IPO opens for subscription on 26 Nov 2024 and closes on 28 Nov 2024. The IPO will be listed on NSE with the tentative listing date set for 03 Dec 2024.
Rajputana Biodiesel IPO price band has been fixed at ₹123 – ₹130 per share.The face value is ₹10 per share with a lot size of 1000.
Rajputana Biodiesel IPO total issue size comprises 19,00,000 shares (aggregating up to ₹24.70 Cr). This includes a fresh issue of 19,00,000 shares (aggregating up to ₹24.70 Cr). Pre-issue shareholding stands at 51,33,500, which will increase to 70,33,500 post-issue.
Rajputana Biodiesel IPO carries a ₹135 (103.85%) GMP, reflecting investor sentiment.
Rajputana Biodiesel IPO Lot Size : Retail Minimum is 1 lot (1,000 shares) amounting to ₹130,000. Retail Maximum is 1 lot (1,000 shares) amounting to ₹130,000. SHNI Minimum is 2 lots (2,000 shares) amounting to ₹260,000.
The Lead Managers for Rajputana Biodiesel IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is GYR Capital Advisors Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Giriraj Stock Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Rajputana Biodiesel Limited RHP.
Rajputana Biodiesel IPO Details
Rajputana Biodiesel IPO Subscription
Rajputana Biodiesel IPO Application Wise Breakup
Rajputana Biodiesel IPO Dates
- 26 Nov 2024Opening dateOpen
- 28 Nov 2024Closing dateClose
- 29 Nov 2024Allotment Date Allotment
- 02 Dec 2024Initiation of RefundsRefund
- 02 Dec 2024Credit of SharesCredit
- 03 Dec 2024Listing dateListing
Rajputana Biodiesel IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹130,000 |
| Retail Maximum | 1 | 1000 | ₹130,000 |
| SHNI Minimum | 2 | 2000 | ₹260,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Rajputana Biodiesel IPO Reservation
Promoter Holding
Rajputana Biodiesel IPO Valuations
Rajputana Biodiesel Financial Information
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 | ||||||||||||||||||||||||||||||||||||||||
About Rajputana Biodiesel IPO
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.
Strength Of Rajputana Biodiesel IPO
1. Experienced Promoters and Management Team.
2. Long standing relationships with customers.
3. Efficient operational team.
4. Consistent financial performance;
5. Major Revenue from Government PSUs;
6. Scalability due to scarcity in supply.
Risk Of Rajputana Biodiesel IPO
1. Our business is subject to government policies. If we fail to comply with the applicable regulations prescribed by governments and regulatory agencies, our business, results of operations and financial condition could be adversely affected.
2. We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, any failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations may adversely affect our operations.
3. If we are not able to obtain, renew or maintain the statutory and regulatory permits and approvals required to operate our business it may We may face resistance to change from existing users of conventional fossil fuel.
4. Our production is based on competitive bidding process by government authorities/bodies. We may not be able to qualify for, compete and win future projects, which could adversely affect our business and results of operations.
5. The availability, quality and timely delivery of raw material is an important factor for our business, any fluctuation, delay or increase in cost in same may affect our business and prices.
6. Our financial performance is dependent primarily on the sale of Biodiesel.
7. Absence of entry barriers into bio-fuel production may attract many players from both organized and unorganized sectors which will escalate competition and resultant price pressure on the products.
8. Our top ten customers contribute majority of our revenues from operations. Any loss of business from one or more of them may adversely affect our revenues and profitability
9. Our top ten suppliers contribute majority of our purchases. Any loss of business with one or more of them may adversely affect our business operations and profitability.
10. In past, there has been instances of delayed filing of Statutory Returns.
Objectives Rajputana Biodiesel IPO
- Loan to the 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 the expansion of existing manufacturing facility (the “Project”);
- Funding working capital requirements of the company; and
- General Corporate purposes.
Company Contact Details
Rajputana Biodiesel Limited
Jaipuria Mansion Panch Batti,
M.I. Road,
Jaipur - 302001
Phone: +91- 9509222333
Email: cs@rajputanabiodiesel.com
Website: https://rajputanabiodiesel.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
Rajputana Biodiesel IPO - FAQs
The Rajputana Biodiesel IPO is a SME public issue comprising 1900000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹24.70 Cr. The issue price has been fixed at ₹130 per equity share, and the minimum application size is 1000 shares.
The IPO opens for subscription on 26 Nov 2024, and closes on 28 Nov 2024.
Maashitla Securities Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE
As of now, the current GMP stands at ₹135 (103.85%).