The Rajputana Biodiesel IPO is being offered as a book-built issue amounting to ₹24.70 crores. The issue comprises entirely of a fresh allotment of 19 lakh shares.
The subscription for the Rajputana Biodiesel IPO will be opened on November 26, 2024, and will close on November 28, 2024. The allotment is expected to be finalized on Friday, November 29, 2024. The listing of the Rajputana Biodiesel IPO is scheduled on NSE SME, with a tentative listing date set for Tuesday, December 3, 2024.
The price band for the Rajputana Biodiesel IPO has been determined at ₹125 to ₹130 per share. A minimum lot size of 1,000 shares has been specified for applications. An investment of ₹130,000 is required for retail investors, while a minimum investment of ₹260,000 (2 lots or 2,000 shares) is needed for HNI investors.
| IPO Date | November 26, 2024 to November 28, 2024 |
| Listing Date | December 3, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 125 to ₹ 130 / Share |
| Lot Size | 1000 Shares |
| Total Issue Size | ₹24.70 Cr |
| Fresh Issue | ₹24.70 Cr |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,133,500 |
| Share holding post issue | 7,033,500 |
| Market Maker portion | 141,000 shares |
Rajputana Biodiesel Limited IPO opens on November 26, 2024, and closes on November 28, 2024.
| IPO Open Date | November 26, 2024 |
| IPO Close Date | November 28, 2024 |
| Basis of Allotment | November 29, 2024 |
| Initiation of Refunds | November 29, 2024 |
| Credit of Shares to Demat | December 2, 2024 |
| Listing Date | December 3, 2024 |
| Cut-off time for UPI mandate confirmation | November 28, 2024 |
A minimum of 1,000 shares and multiples thereof can be bid by investors. The minimum and maximum investments by retail investors and HNIs, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | Rs.130,000 |
| Retail (Max) | 1 | 1,000 | Rs.130,000 |
| S-HNI (Min) | 2 | 2,000 | Rs.260,000 |
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 90.00% |
| Share Holding Post Issue | 65.68% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
|
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
| Bid Date | 2024-11-25 |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | 6.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 29, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 27, 2025 |
Founded in 2016, Rajputana Biodiesel Limited is engaged in the production and supply of biofuels and their by-products, including glycerine and fatty acids.
The company’s production facility is situated at G24 RIICO Industrial Area, Phulera, Rajasthan 303338, covering an area of 4,000 square meters. An approved production capacity of 30 kiloliters per day (kl/pd) has been granted, while the installed production capacity is set at 24 kiloliters per day (kl/pd).
The product portfolio of Rajputana Biodiesel includes Bio-Diesel, Crude Glycerin, Caustic Potash Flakes, Waste Sludge, Used Cooking Oil, Esterified Fatty Acid, Methanol, Citric Acid, Refined Rice Oil, Crude Sunflower Oil, Sodium Methoxide, RBD Palm Stearin, and fats. Additionally, semi-refining of glycerine for other manufacturers is undertaken as part of job work.
| KPI | Values |
|---|---|
| ROE | |
| ROCE | 11.00% |
| Debt/Equity | 1.26 |
| RoNW | 16.49% |
| P/BV | 4.24 |
| PAT Margin (%) | 9.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.81 | 11.07 |
| P/E (x) | 14.75 | 11.74 |
The funds raised through this issue are proposed to be utilized by the company for the following objectives:
Rajputana Biodiesel Limited Jaipuria Mansion Panch Batti, M.I. Road, Jaipur - 302001 Phone: +91- 9509222333 Email: cs@rajputanabiodiesel.com Website: https://rajputanabiodiesel.com/ |
Maashitla Securities Private Limited Phone: +91-11-45121795-96 Email: ipo@maashitla.com Website: https://maashitla.com/allotment-status/public-issues |
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