Rajputana Biodiesel IPO
- IPO Date26 Nov, 2024 to 28 Nov, 2024
- Listing Date03 Dec, 2024
- Face Value₹10 per share
- Issue Price₹125 to ₹130 per share
- Lot Size1000 Shares
- Minimum Investment₹1,30,000
- Listing AtNSE SME
- Total Issue Size19,00,000 Shares
(aggregating up to ₹24.70 Cr) - Fresh Issue19,00,000 Shares
(aggregating up to ₹24.70 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue51,33,500
- Shareholding post issue70,33,500
IPO Dates
Closing Date
28 Nov, 2024
Initiation of Refunds
02 Dec, 2024
Listing Date
03 Dec, 2024
26 Nov, 2024
Opening Date
29 Nov, 2024
Basis of Allotment
02 Dec, 2024
Credit of Shares
Rajputana Biodiesel Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹1,30,000 |
| B-HNI (Min) | - | - | - |
| S-HNI (Min) | 2 | 2000 | ₹2,60,000 |
| S-HNI (Max) | - | - | - |
| Retail (Max) | 1 | 1000 | ₹1,30,000 |
Rajputana Biodiesel Promoter Holding
Mr. Sarthak Soni, Mr. Tanay Attar, Mr. Sudeep Soni, and Mrs. Madhuri Surana are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 90% | 65.68% |
Rajputana Biodiesel COMPANY INFORMATION
Rajputana Biodiesel IPO is a book built issue of Rs 24.70 crores. The issue is entirely a fresh issue of 19 lakh shares. Rajputana Biodiesel IPO opens for subscription on November 26, 2024 and closes on November 28, 2024. The allotment for the Rajputana Biodiesel IPO is expected to be finalized on Friday, November 29, 2024. Rajputana Biodiesel IPO will list on NSE SME with tentative listing date fixed as Tuesday, December 3, 2024. Rajputana Biodiesel IPO price band is set at ₹125 to ₹130 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹260,000. GYR Capital Advisors Private Limited is the book running lead manager of the Rajputana Biodiesel IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Rajputana Biodiesel IPO is Giriraj Stock Broking. Refer to Rajputana Biodiesel IPO RHP for detailed information.
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.
Rajputana Biodiesel IPO
IPO Overview and Key Highlights
Rajputana Biodiesel is offering its Initial Public Offering (IPO) comprising a fresh issue of up to 19,00,000 equity shares at a face value of Rs 10 each. The IPO is a 100% fresh issue, with no Offer for Sale (OFS). The proceeds aim to fund working capital, expand operations, and meet corporate needs. The shares will be listed on the EMERGE Platform of NSE.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: 19,00,000 equity shares
- Face Value: Rs 10 per share
- Offer Opens: November 26, 2024
- Offer Closes: November 28, 2024
- Listing Exchange: NSE EMERGE.
Company Overview
Rajputana Biodiesel, incorporated in 2016, focuses on biodiesel production and distribution. Headquartered in Jaipur, Rajasthan, the company aims to contribute to sustainable energy solutions in India. The promoters include Sarthak Soni, Madhuri Surana, Sudeep Soni, and Tanay Attar, all experienced in the energy sector.
Financial Overview
Rajputana Biodiesel has demonstrated steady growth with revenues driven by increased adoption of biodiesel in transportation and industrial sectors. The IPO funds are set to strengthen working capital and expand production capacity.
Key Strengths of Rajputana Biodiesel
- Focus on Sustainability: Positioned to benefit from India's increasing focus on renewable energy.
- Experienced Leadership: Backed by skilled promoters with expertise in the biodiesel industry.
- Sectoral Growth: Rising demand for eco-friendly fuel alternatives offers significant market potential.
IPO Pros and Cons
Pros
- Growing Market: Increased adoption of renewable energy sources supports growth potential.
- IPO Proceeds Utilization: Funds will directly strengthen working capital and operational expansion.
- Government Support: Policies promoting clean energy enhance business prospects.
Cons
- Regulatory Dependencies: Relies heavily on favorable government policies.
- Market Risks: Competition from alternative fuel producers and fluctuating raw material costs.
- First Public Issue: Uncertainty about stock performance post-listing.
Risk Factors
Investors should consider the following risks:
- Policy Changes: Any adverse change in renewable energy regulations could impact operations.
- Economic Sensitivity: Demand for biodiesel depends on economic growth and fuel price trends.
- Operational Risks: Expanding capacity while maintaining quality standards.
Conclusion
The Rajputana Biodiesel IPO offers a promising opportunity to invest in India's renewable energy sector. With a focus on sustainable fuel alternatives and experienced management, the company is poised for growth. However, investors should carefully assess regulatory risks and market competition before making investment decisions.
FAQs About Rajputana Biodiesel Ipo
Rajputana Biodiesel IPO will open on 26 Nov, 2024 and close on 28 Nov, 2024. Investors must apply within this period to participate.
The Rajputana Biodiesel IPO price band is set between ₹125.00 and ₹130.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹130000.00.
The Rajputana Biodiesel IPO shares are expected to be listed on 03 Dec, 2024, subject to regulatory approvals and final allotment.
You can track your Rajputana Biodiesel IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Rajputana Biodiesel IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.