
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
Max. Investment
₹1,30,000
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
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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
Shareholding
Dilution: 37.0% increase in shares
Rajputana Biodiesel Limited IPO Financials Health
Rajputana Biodiesel Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1000 | ₹1,30,000 |
| Retail Maximum | 1 | 1000 | ₹1,30,000 |
| HNI Minimum | 2 | 2000 | ₹2,60,000 |
(All values in CR)
Rajputana Biodiesel Limited IPO Valuation
| Metric | Value |
|---|---|
| Debt/Equity | 1.26 |
| EPS Post IPO | 11.07 |
| EPS Pre IPO | 8.81 |
| P/BV | 4.24 |
| P/E Post IPO | 11.74 |
| P/E Pre IPO | 14.75 |
| PAT Margin (%) | 9.71 |
| ROCE | 11.00% |
| RoNW | 16.49% |
(All values in CR)
Strength & Risk of Rajputana Biodiesel Limited IPO
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.
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 Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 5,15,000 | 5,15,000 | 6.7 |
| HNI | 1.00 | 2,70,000 | 36,35,51,000 | 4 |
| Market Maker | 1.00 | 1,41,000 | 1,41,000 | 1.83 |
| QIB | 177.38 | 3,45,000 | 6,11,97,000 | 795.56 |
| Retail | 746.57 | 6,29,000 | 46,95,92,000 | 6 |
| Total | 718.92 | 12,44,000 | 89,43,40,000 | 11 |
Rajputana Biodiesel Limited IPO GMP
Last updated 19 Nov, 2024 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 19 Nov, 2024 | 130 | ₹21▼ | - | ₹151 (16.15%) | - | 19 Nov, 2024 |
| 20 Nov, 2024 | 130 | ₹30▼ | 22800 | ₹160 (23.08%) | - | 20 Nov, 2024 |
| 21 Nov, 2024 | 130 | ₹65 | 49400 | ₹195 (50.00%) | - | 21 Nov, 2024 |
| 22 Nov, 2024 | 130 | ₹65▼ | 49400 | ₹195 (50.00%) | - | 22 Nov, 2024 |
| 23 Nov, 2024 | 130 | ₹70 | 53200 | ₹200 (53.85%) | - | 23 Nov, 2024 |
| 25 Nov, 2024 | 130 | ₹70▼ | 53200 | ₹200 (53.85%) | - | 25 Nov, 2024 |
| 26 Nov, 2024 | 130 | ₹90▼ | 68400 | ₹220 (69.23%) | - | 26 Nov, 2024 |
| 27 Nov, 2024 | 130 | ₹95▼ | 72200 | ₹225 (73.08%) | - | 27 Nov, 2024 |
| 28 Nov, 2024 | 130 | ₹100 | 76000 | ₹230 (76.92%) | - | 28 Nov, 2024 |
| 29 Nov, 2024 | 130 | ₹100▼ | 76000 | ₹230 (76.92%) | - | 29 Nov, 2024 |
| 30 Nov, 2024 | 130 | ₹117▼ | 88900 | ₹247 (90.00%) | - | 30 Nov, 2024 |
| 01 Dec, 2024 | 130 | ₹120▼ | 91200 | ₹250 (92.31%) | - | 01 Dec, 2024 |
| 02 Dec, 2024 | 130 | ₹135 | 102600 | ₹265 (103.85%) | - | 02 Dec, 2024 |
| 03 Dec, 2024 | 130 | ₹135 | 102600 | ₹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.
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