The Rajputana Biodiesel Limited IPO is a book-built issue of ₹24.70 crores, consisting of 19 lakh fresh shares. This SME IPO opens for subscription from November 26, 2024, to November 28, 2024, with the allotment scheduled for November 29, 2024. The Rajputana Biodiesel Limited IPO SME will be listed on the NSE SME platform, with a tentative listing date of December 3, 2024.
The price band for the IPO is set between ₹123 and ₹130 per share. Investors can apply for a minimum of 1,000 shares, requiring an investment of ₹130,000. For HNIs, the minimum investment is ₹260,000. The lead manager for the IPO is GYR Capital Advisors Private Limited, and Giriraj Stock Broking serves as the market maker. This is one of the upcoming IPOs to watch closely for potential IPO investment opportunities.
The Rajputana Biodiesel Limited IPO is a fresh issue aiming to raise ₹24.70 crores. It features a price band of ₹123 to ₹130 per share, with a minimum lot size of 1,000 shares. The IPO opens for subscription on November 26, 2024, and closes on November 28, 2024.
| IPO date | November 26, 2024 to November 28, 2024 |
| Price band | ₹123 to ₹130 per share |
| Face value | ₹10 per share |
| Total issue size | 1,900,000 shares(aggregating up to ₹24.70 Cr) |
| Lot size | 1000 Shares |
| Issue type | Book built issue IPO |
| Fresh issue | 1,900,000 shares(aggregating up to ₹24.70 Cr) |
| Market maker portion | 141,000 sharesGiriraj Stock Broking |
| Share holding pre issue | 5,133,500 |
| Share holding post issue | 7,033,500 |
| Listing at | NSE SME |
The Rajputana Biodiesel Limited IPO follows a clear and structured timeline, marking key dates from the subscription period to the final listing. Investors can track the opening and closing of the issue, allotment details, and the expected listing date. Below is a detailed timeline for your reference.
| IPO open date | November 26, 2024, Tuesday |
| IPO close date | November 28, 2024, Thursday |
| Basis of allotment | November 29, 2024, Friday |
| Initiation of refunds | November 29, 2024, Friday |
| Credit of shares to demat | December 2, 2024, Monday |
| Listing date | December 3, 2024, Tuesday |
| Cut-off time for UPI mandate confirmation | November 28, 2024, by 5 PM |
Founded in 2016, Rajputana Biodiesel Limited specialises in the production and supply of biofuels and by-products like glycerine and fatty acids. Its manufacturing facility, located in the G24 RIICO Industrial Area, Phulera, Rajasthan, spans 4,000 square meters. The company has an approved production capacity of 30 kiloliters per day (kl/pd) and an installed capacity of 24 kl/pd.
Rajputana Biodiesel's product range includes Bio-Diesel, Crude Glycerin, Used Cooking Oil, Esterified Fatty Acid, Methanol, and various other chemicals. As of July 31, 2024, it employs 30 permanent staff. The company is now venturing into the market with the Rajputana Biodiesel Limited IPO, offering an exciting SME IPO investment opportunity for potential investors.
The Rajputana Biodiesel Limited IPO is valued at a market capitalisation of ₹91.44 crores as of July 31, 2024. Key financial indicators show a ROCE of 11.00%, a Debt/Equity ratio of 1.26, and a RoNW of 16.49%. The company has a P/BV of 4.24 and a PAT Margin of 9.71%.
The Ppre-IPOEPS stands at ₹8.81, while the post-IPO EPS is projected at ₹11.07, reflecting a change in earnings after the IPO. The P/E ratio is 14.75 pre-issue and 11.74 post-issue. The funds raised are to be used for expanding the manufacturing facility, funding working capital, and for general corporate purposes, including a loan to its subsidiary.
| Period Ended | July 31, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Assets | 4,626 | 3,995.16 | 1,515.69 | 1,071.47 |
| Revenue | 2,779.18 | 5,367.51 | 2,354.06 | 1,746.07 |
| Profit after tax | 259.59 | 452.43 | 168.83 | 19.97 |
| Net worth | 1,573.81 | 1,314.22 | 454.99 | -128.92 |
| Reserves and surplus | 1,050.46 | 800.87 | -7.01 | -131.42 |
| Total borrowing | 1,989.23 | 1,914.19 | 887.12 | 1,093.61 |
| Amount in ₹ Lakhs* | ||||
The Rajputana Biodiesel Limited IPO offers several competitive strengths, including a diversified product portfolio of bio-diesel and by-products catering to various industries. Its operational excellence is demonstrated through a well-established facility in Rajasthan, ensuring high efficiency and scalability.
The company's sustainability-focused approach leverages waste materials like used cooking oil, underscoring its environmental commitment. With a strong financial foundation, evidenced by rising revenue and profitability, it shows market resilience. The proven leadership of its promoters has been key to the company's growth. However, risks such as regulatory dependency, raw material volatility, market competition, and operational risks could pose challenges, impacting production costs and overall performance in the biofuel sector.
The Rajputana Biodiesel Limited IPO presents an intriguing opportunity for investors, especially in the SME IPO segment. With the price band of ₹123 to ₹130 per share, the Rajputana Biodiesel Limited IPO is expected to list at an estimated price of ₹210, offering a potential gain of 61.54%.
The latest Rajputana Biodiesel Limited IPO GMP stands at ₹80, reflecting strong market sentiment. As one of the upcoming IPOs to watch, it offers both growth prospects and risks, making it essential for potential investors to evaluate the details carefully. With its solid financial foundation and focus on sustainability, the IPO investment in Rajputana Biodiesel could prove promising for those looking to enter the biofuel market.
The Rajputana Biodiesel Limited IPO is an SME offering of 1,900,000 equity shares, each with a face value of ₹10, aiming to raise to ₹24.70 Crores. The price band for the shares is set between ₹123 and ₹130 per share, with a minimum order quantity of 1,000 shares. The IPO will be open for subscription from November 26, 2024, to November 28, 2024. The shares will be listed on the NSE SME platform, with Maashitla Securities Private Limited acting as the registrar for the IPO.
The Basis of Allotment for the Rajputana Biodiesel IPO will be finalised on Friday, November 29, 2024. The allotted shares are anticipated to be credited to the respective demat accounts by Monday, December 2, 2024.
The lot size for the Rajputana Biodiesel Limited IPO is 1,000 shares, and the minimum investment amount required is ₹130,000.
For android only