Rajputana Biodiesel Limited

26 Nov 2024 - 28 Nov 2024 Individual Category IPO NSE

Min Investment

₹130000

Price Band

₹123-₹130

Issue Size

13.85 lakhs
Equity Shares

Lot Size

1000

IPO Dates
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26 Nov 2024

Open Date

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28 Nov 2024

Close Date

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29 Nov 2024

Allotment Date

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03 Dec 2024

Listing Date

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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About Rajputana Biodiesel Limited

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.

Founded

2016

Managing Director

Sarthak Soni

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

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