Rajputana Biodiesel IPO Detail: Open Date, Close Date, GMP, Price Band

Rajputana Biodiesel IPO subscription opens on Tuesday, November 26, 2024, and closes on Thursday, November 28, 2024. It is a book-built issue of worth up to Rs 24.70 crores of equity shares. This upcoming IPO is an entirely fresh issue of 19 lakh equity shares.

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Rajputana Biodiesel IPO Price Band

Rajputana Biodiesel IPO price band is Rs 125 to Rs 130 per share. The minimum investment required for retail investors is Rs 1,30,000 (130 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,60,000 (130 x 2000 shares).

Rajputana Biodiesel IPO GMP

Currently, Rajputana Biodiesel IPO GMP (grey market premium) is at Rs 21. It is expected that the listing price will be near Rs 130. However, if the subscription is oversubscribed, then Rajputana Biodiesel IPO GMP may go up.

Rajputana Biodiesel Allotment Status

Rajputana Biodiesel IPO Allotment status will be available on its registrar Maashitla Securities Private Limited website on Friday, November 29, 2024, once the subscription ends after the closing of IPO bidding. The allotment status of investors who applied for IPO will be available on the registrar's website.

Rajputana Biodiesel Listing Date

Rajputana Biodiesel IPO listing date is decided on Tuesday, December 3, 2024. The Listing will be on the NSE SME platform. Retail investors can sell the shares after 10 AM on the listing day.

Rajputana Biodiesel IPO: Listing Date, Lot Size, Issue Size, Price Band

Rajputana Biodiesel IPO: About the Company

Rajputana Biodiesel Limited incorporated in 2016, is engaged in the production and supply of biodiesel and its co-products like glycerine and fatty acids. It has a 4,000 square meter production facility at Phulera, Rajasthan with an authorized production capacity of 30 kiloliters per day (kl/pd) and an installed capacity of 24 kl/pd.

The company also has a diversified product portfolio, including Bio-Diesel, Crude Glycerin, Caustic Potash Flakes, Esterified Fatty Acid, Methanol, Citric Acid, Refined Rice Oil, and RBD Palm Stearin, among others. The company also does job work, which involves semi-refining glycerine for other manufacturer companies.

The company caters to the rapidly increasing demand for biofuels and its associates with emphasis on sustainability and innovation. In July 31, 2024, the firm had 30 permanent employees that ensures proper operations and standard quality of products.

Rajputana Biodiesel IPO Objectives

The company intends to utilize the net proceeds from the issue to achieve the following objectives: provide a loan to its subsidiary, Nirvaanraj Energy Private Limited (NEPL), for capital expenditure requirements related to the expansion of its existing manufacturing facility; fund the working capital requirements of the company; and allocate funds for general corporate purposes.

Rajputana Biodiesel IPO: Key Dates, Allotment, Listing Date

Rajputana Biodiesel IPO Subscription Details, IPO Reservation

Rajputana Biodiesel IPO subscription reservations are as follows: Not less than 35% of the net offer is reserved for the retail category, not more than 50% of the net offer is reserved for Qualified Intuitional Buyers, and not less than 15% of the net offer is reserved for the HNI category.

Rajputana Biodiesel IPO Lot Size Details

Rajputana Biodiesel IPO lot size is set at 1000 shares per lot. The minimum investment required for retail investors is Rs 1,30,000 (130 x 1000 shares). However, for the HNI category, the minimum investment amount required is Rs 2,60,000 (130 x 2000 shares).

Rajputana Biodiesel IPO Promoter Holdings

Rajputana Biodiesel IPO promoters are Mr Sarthak Soni, Mr Tanay Attar, Mr Sudeep Soni, and Mrs Madhuri Surana. The promoter's combined shareholdings before the IPO were 90%; however, post-IPO, their shareholdings will decline 65.68%.

Rajputana Biodiesel Limited Company Financials (Amt in Lakhs)

Lead manager and Registrar of Rajputana Biodiesel IPO

The IPO is managed by GYR Capital Advisors Private Limited, which is the book-running lead manager for this public issue. The company has appointed Maashitla Securities Private Limited as the registrar for this public issue.

How to apply to the Rajputana Biodiesel IPO

Interested investors who want to apply to the Rajputana Biodiesel IPO can directly apply from the Bigul trading app, or you can apply here. You can also check the details of other upcoming IPO on the Bigul platform.

Rajputana Biodiesel IPO FAQs

1. What are the core details available of the Rajputana Biodiesel IPO?

Rajputana Biodiesel IPO is a book-built issue worth up to Rs 24.70 crores. This upcoming IPO is an entirely fresh issue of 19 lakh equity shares.

2. What is the Rajputana Biodiesel IPO open date and close date?

Rajputana Biodiesel IPO subscription opens on Tuesday, November 26, 2024, and closes on Thursday, November 28, 2024.

3. What is Rajputana Biodiesel IPO GMP?

Currently, Rajputana Biodiesel IPO GMP (grey market premium) is at Rs 21. It is expected that the listing price will be near Rs 130. However, if the subscription is oversubscribed, then Rajputana Biodiesel IPO GMP may go up.

4. How do you check the IPO Allotment status?

Rajputana Biodiesel IPO Allotment details are available on its registrar, Maashitla Securities Private Limited website. Once the subscription ends after the closing of IPO bidding, the allotment status of investors who applied for IPO will be available on the registrar's website.

5. Who is the registrar and lead managers for Rajputana Biodiesel IPO?

The IPO is managed by GYR Capital Advisors Private Limited which is the book-running lead manager for this public issue. The company has appointed Maashitla Securities Private Limited as the registrar for this public issue.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?