SME · NSESubscribed: 718.92×GMP ₹135
Rajputana Biodiesel Limited

Rajputana Biodiesel Limited

Rajputana Biodiesel Limited(RAJPUTANA)

Total Shares

19,00,000

Issue Size

₹24.70 Cr

Price Band

123 – ₹130

Lot Size

1000 shares

Min. Investment

1,30,000

Max. Investment

1,30,000

Open Date

26 Nov, 2024

Close Date

28 Nov, 2024

Allotment

29 Nov, 2024

Listing

03 Dec, 2024

Announced

26 Nov, 2024

Opening Date

26 Nov, 2024

Closing Date

28 Nov, 2024

Basis of Allotment

29 Nov, 2024

Initiation of Refunds

02 Dec, 2024

Credit of Shares

02 Dec, 2024

Listing Date

03 Dec, 2024

Live GMP

Est. Listing: ₹151

21

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About Rajputana Biodiesel Limited IPO

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

Rajputana Biodiesel Limited IPO Share Price and Issue Size

Issue Breakdown

Total Issue19,00,000 shares₹24.70 Cr
Fresh Issue19,00,000 shares₹24.70 Cr
Offer for Sale0 shares

Shareholding

Pre-Issue51,33,500
Post-Issue70,33,500

Dilution: 37.0% increase in shares

Rajputana Biodiesel Limited IPO Financials Health

Rajputana Biodiesel Limited IPO Lot Size

ApplicationLotsSharesAmount
Retail Minimum110001,30,000
Retail Maximum110001,30,000
HNI Minimum220002,60,000

(All values in CR)

Rajputana Biodiesel Limited IPO Valuation

MetricValue
Debt/Equity1.26
EPS Post IPO11.07
EPS Pre IPO8.81
P/BV4.24
P/E Post IPO11.74
P/E Pre IPO14.75
PAT Margin (%)9.71
ROCE11.00%
RoNW16.49%

(All values in CR)

Strength & Risk of Rajputana Biodiesel Limited IPO

+Strengths

1. Experienced Promoters and Management Team.

2. Long standing relationships with customers.

3. Efficient operational team.

4. Consistent financial performance;

5. Major Revenue from Government PSUs;

6. Scalability due to scarcity in supply.

!Risks

1. Our business is subject to government policies. If we fail to comply with the applicable regulations prescribed by governments and regulatory agencies, our business, results of operations and financial condition could be adversely affected.

2. We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, any failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations may adversely affect our operations.

3. If we are not able to obtain, renew or maintain the statutory and regulatory permits and approvals required to operate our business it may We may face resistance to change from existing users of conventional fossil fuel.

4. Our production is based on competitive bidding process by government authorities/bodies. We may not be able to qualify for, compete and win future projects, which could adversely affect our business and results of operations.

5. The availability, quality and timely delivery of raw material is an important factor for our business, any fluctuation, delay or increase in cost in same may affect our business and prices.

6. Our financial performance is dependent primarily on the sale of Biodiesel.

7. Absence of entry barriers into bio-fuel production may attract many players from both organized and unorganized sectors which will escalate competition and resultant price pressure on the products.

8. Our top ten customers contribute majority of our revenues from operations. Any loss of business from one or more of them may adversely affect our revenues and profitability

9. Our top ten suppliers contribute majority of our purchases. Any loss of business with one or more of them may adversely affect our business operations and profitability.

10. In past, there has been instances of delayed filing of Statutory Returns.

Rajputana Biodiesel Limited IPO Subscription Status

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.005,15,0005,15,0006.7
HNI1.002,70,00036,35,51,0004
Market Maker1.001,41,0001,41,0001.83
QIB177.383,45,0006,11,97,000795.56
Retail746.576,29,00046,95,92,0006
Total718.9212,44,00089,43,40,00011

Rajputana Biodiesel Limited IPO GMP

+21+16.2%

Last updated 19 Nov, 2024 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
19 Nov, 2024130₹21-₹151 (16.15%)-19 Nov, 2024
20 Nov, 2024130₹3022800₹160 (23.08%)-20 Nov, 2024
21 Nov, 2024130₹6549400₹195 (50.00%)-21 Nov, 2024
22 Nov, 2024130₹6549400₹195 (50.00%)-22 Nov, 2024
23 Nov, 2024130₹7053200₹200 (53.85%)-23 Nov, 2024
25 Nov, 2024130₹7053200₹200 (53.85%)-25 Nov, 2024
26 Nov, 2024130₹9068400₹220 (69.23%)-26 Nov, 2024
27 Nov, 2024130₹9572200₹225 (73.08%)-27 Nov, 2024
28 Nov, 2024130₹10076000₹230 (76.92%)-28 Nov, 2024
29 Nov, 2024130₹10076000₹230 (76.92%)-29 Nov, 2024
30 Nov, 2024130₹11788900₹247 (90.00%)-30 Nov, 2024
01 Dec, 2024130₹12091200₹250 (92.31%)-01 Dec, 2024
02 Dec, 2024130₹135102600₹265 (103.85%)-02 Dec, 2024
03 Dec, 2024130₹135102600₹265 (103.85%)-03 Dec, 2024

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Rajputana Biodiesel Limited IPO

1

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2

Go to IPO Section

Find Rajputana Biodiesel Limited under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

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Provide your UPI ID linked to your bank account and submit the application.

4

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5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.