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Rajputana Biodiesel Limited

SME

Issue Price

₹ 123-₹ 130

per equity share

Issue Size

13.85 lakhs

equity share

Face Value

₹ 10

per equity share

Market Lot

1000

equity share

Please note

Listing at NSE

Rajputana Biodiesel Limited

Important Dates

IPO Open Date

26 Nov 2024

IPO Close Date

28 Nov 2024

Allotment Date

29 Nov 2024

Initiation of Refunds

29 Nov 2024

Credit of Shares to Demat Account

02 Dec 2024

IPO Listing Date

03 Dec 2024

UPI Mandate Expiry Date

28 Nov 2024

IPO Details

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.

Parent Organisation

Rajputana Biodiesel Limited

Founded

2016

Managing Director

Sarthak Soni

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.

How to apply for IPO

  • Login to your Bigul account and select the issue in the current IPO section
  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a mandate notification to block funds in your UPI app
  • Approve the mandate request on your UPI and funds will be blocked
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