Rajputana Biodiesel IPO Details: The Rajputana Biodiesel IPO is set to open on November 26, 2024, and will close on November 28, 2024. This is a Book Built Issue, with the company aiming to raise approximately ₹24.70 crores. The offering includes a fresh issue of shares worth ₹24.70 crores, along with an offer for sale of up to [.] equity shares, each with a face value of ₹10.
The IPO price band is set between ₹125 and ₹130 per share, with allocation divided into 35% for retail investors, 50% for Qualified Institutional Buyers (QIB), and 15% for High Net-worth Individuals (HNI). Rajputana Biodiesel shares are expected to list on the NSE on December 3, 2024, and the allotment date is set for November 29, 2024.
Financially, the company has demonstrated strong growth, reporting a revenue of ₹53.68 crores in 2024, up from ₹23.54 crores in 2023. Profit also saw a notable increase, reaching ₹4.52 crores in 2024, compared to ₹1.69 crores in 2023. Given these figures, the IPO appears to be a promising opportunity for long-term investors.
Rajputana Biodiesel IPO Objectives:
- Loan to the Subsidiary, Nirvaanraj Energy Private Limited at H No – 576, Sheel Kunj Ph – II, Roorkee Road, Dist. – Meerut, Meerut, Uttar Pradesh, India, 250001 (“NEPL”) for capital expenditure requirements towards the expansion of existing manufacturing facility (the “Project”);
- Funding working capital requirements of the company; and
- General Corporate purposes.
Rajputana Biodiesel IPO Review (Apply or Not)
- May Apply
Rajputana Biodiesel IPO Date & Price Band Details:
| IPO Open Date: | November 26, 2024 |
| IPO Close Date: | November 28, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹125 to ₹130 Per Share |
| Issue Size: | Approx ₹24.70 Crores |
| Fresh Issue: | Approx ₹24.70 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Rajputana Biodiesel IPO Lot Size:
The minimum investment for the Rajputana Biodiesel IPO is set at 1,000 shares, requiring an application amount of ₹130,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1,000 | ₹130,000 |
| Retail Maximum | 1 | 1,000 | ₹130,000 |
| S-HNI Minimum | 2 | 2,000 | ₹260,000 |
Rajputana Biodiesel IPO Timeline:
The Rajputana Biodiesel IPO will open on November 26 and close on November 28. The allotment results will be finalized on November 29, with the shares expected to be listed on the NSE on December 3.
| IPO Open Date: | November 26, 2024 |
| IPO Close Date: | November 28, 2024 |
| Basis of Allotment: | November 29, 2024 |
| Refunds: | November 29, 2024 |
| Credit to Demat Account: | December 2, 2024 |
| IPO Listing Date: | December 3, 2024 |
Rajputana Biodiesel IPO GMP Today:
The Rajputana Biodiesel SME IPO has a Grey Market Premium (GMP) of ₹65. With the IPO’s price band set at ₹130, the estimated listing price is projected to be ₹195 (calculated as the cap price plus today’s GMP). This indicates an expected 50% gain per share at the time of listing.
Promoters of Rajputana Biodiesel IPO
The promoters of Rajputana Biodiesel are Mr. Sarthak Soni, Mr. Tanay Attar, Mr. Sudeep Soni, and Mrs. Madhuri Surana.
About Rajputana Biodiesel IPO
Founded in 2016, Rajputana Biodiesel Ltd. is an Indian company that specializes in the production of biodiesel using raw materials like animal fat, cooking oil, and vegetable oil. The company’s primary mission is to support renewable energy and reduce dependence on fossil fuels. Rajputana Biodiesel is committed to producing high-quality biodiesel with minimal environmental impact, adhering to international standards.
The promoters, Mr. Sarthak Soni, Mr. Tanay Attar, and Mr. Sudeep Soni, bring extensive experience and expertise to drive the company’s strategic growth. In 2024, the company reported a 128% increase in revenue and a 168% rise in profit after tax (PAT). To fuel further expansion, Rajputana Biodiesel is launching an IPO to raise ₹24.70 crores, which will be a completely fresh issue.
Rajputana Biodiesel IPO Company Financial Report
The company reported revenue of ₹53.68 crores in 2024 against ₹23.54 crore in 2023. The company reported Profit of ₹4.52 crores in 2024 against Profit of ₹1.69 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹17.46 | ₹17.16 | ₹0.20 | ₹10.71 |
| 2023 | ₹23.54 | ₹21.27 | ₹1.69 | ₹15.16 |
| 2024 | ₹53.68 | ₹47.59 | ₹4.52 | ₹39.95 |
| July 2024 | ₹27.79 | ₹23.88 | ₹2.60 | ₹46.26 |
Rajputana Biodiesel IPO Valuation – FY2024
Check Rajputana Biodiesel IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | -% |
| ROCE: | 22.19% |
| EBITDA Margin: | 14.29% |
| PAT Margin: | 8.46% |
| Debt to equity ratio: | 1.46 |
| Earning Per Share (EPS): | ₹9.16 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 34.43% |
| Net Asset Value (NAV): | ₹25.60 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Kotyark Industries Limited | 17.36 | 51.41 | 11.56% | 150.06 | 197.12 Cr. |
Rajputana Biodiesel IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Managers aka Merchant Bankers
- GYR Capital Advisors Private Limited
Company Address
Rajputana Biodiesel Limited
Jaipuria Mansion Panch Batti,
M.I. Road,
Jaipur – 302001
Phone: +91- 9509222333
Email: cs@rajputanabiodiesel.com
Website: https://rajputanabiodiesel.com/
Rajputana Biodiesel IPO FAQs
What is the Rajputana Biodiesel IPO?
The Rajputana Biodiesel IPO is an SME IPO, through which the company aims to raise ₹24.70 crores. The issue is priced between ₹125 and ₹130 per equity share and will be listed on the NSE.
When will the Rajputana Biodiesel IPO open for subscription?
The Rajputana Biodiesel IPO will open for subscription on November 26, 2024, for QIB, NII, and Retail Investors, and will close on November 28, 2024.
What is the Rajputana Biodiesel IPO investors’ portion?
The investor portion allocation is as follows:
- QIB: 50%
- NII: 15%
- Retail: 35%
How to apply for the Rajputana Biodiesel IPO?
You can apply for the Rajputana Biodiesel IPO through the ASBA online option via your bank account. Alternatively, you can apply using UPI through your stockbroker. You can also apply offline by filling out the application form with your stockbroker.
What is the Rajputana Biodiesel IPO issue size?
The Rajputana Biodiesel IPO issue size is ₹24.70 crores.
What is the Rajputana Biodiesel IPO price band?
The price band for the Rajputana Biodiesel IPO is ₹125 to ₹130 per share.
What is the Rajputana Biodiesel IPO lot size?
The minimum lot size is 1,000 shares, with an application amount of ₹130,000.
What is the Rajputana Biodiesel IPO allotment date?
The allotment date for the Rajputana Biodiesel IPO is November 29, 2024.
What is the Rajputana Biodiesel IPO listing date?
The Rajputana Biodiesel IPO is expected to be listed on the NSE on December 3, 2024.
