Rajputana Biodiesel IPO - Day 3 Subscription at 180.93 Times

Rajputana Biodiesel's initial public offering (IPO) has received extraordinary investor interest over the three-day period. The IPO witnessed exceptional growth in demand, with subscription rates growing from 19.54 times on day one, to 87.56 times on day two, and reaching a remarkable 180.93 times by 11:33 AM on the final day.

Rajputana Biodiesel IPO, which opened on 26th November 2024, has seen phenomenal participation across categories. The Retail Investors segment has shown overwhelming interest reaching 275.46 times subscription, while Non-Institutional Investors demonstrated exceptional participation at 189.90 times. The QIB portion secured 1.56 times subscription.

This extraordinary response comes amid positive sentiment in the Indian stock market, particularly towards companies in the biofuel sector.

Subscription Status of Rajputana Biodiesel IPO:

*As of 11:33 AM

Here are the subscription details for Rajputana Biodiesel IPO as of Day 3 (28th November 2024, 11:33 AM):
 

Total Applications: 1,83,858

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• The portion of anchor investors is not included in the total shares offered.

Key Highlights:

• Overall subscription soared to a remarkable 180.93 times on the final day
• Retail investors led with an extraordinary 275.46 times subscription, worth ₹2,252.45 crores
• Non-institutional investors showed exceptional interest at 189.90 times, worth ₹666.55 crores
• QIB portion secured 1.56 times subscription, worth ₹6.99 crores
• Total bids received for 22,50,76,000 shares worth ₹2,925.99 crores
• Applications reached 1,83,858, including 1,73,265 retail investors
• Strong momentum continued across investor categories
• Retail and NII segments showed overwhelming demand
• Final day response indicated exceptional market confidence

Rajputana Biodiesel IPO - Day 2 Subscription at 87.56 Times

Key Highlights:

• Overall subscription surged to 87.56 times, showing exceptional momentum
• Retail investors demonstrated strong interest with 144.70 times subscription
• Non-institutional investors showed robust participation at 64.37 times
• QIB portion improved to 1.54 times the subscription
• Day two witnessed a substantial increase in application numbers
• Strong momentum continued in the retail and NII segments
• Significant improvement across all investor categories
• Subscription trend indicated building investor enthusiasm
• The market response showed exceptional investor confidence

Rajputana Biodiesel IPO - Day 1 Subscription at 19.54 Times

Key Highlights:

• Overall, subscription opened strong at 19.54 times
• Retail investors led with a robust 32.56 times subscription
• Non-Institutional Investors showed strong interest at 13.27 times
• QIB portion started with 0.71 times subscription
• The opening day witnessed exceptional retail participation
• Strong initial response across investor categories
• Day one momentum indicated robust market sentiment
• Initial subscription suggested strong investor appetite
• Opening day trend pointed to high market confidence

About Rajputana Biodiesel Limited

Founded in 2016, Rajputana Biodiesel Limited has established itself as a significant player in the biofuel sector. It specialises in the production and supply of biofuels and their by-products. Operating from its 4,000 square meter production facility in RIICO Industrial Area, Phulera, Rajasthan, the company maintains an approved production capacity of 30 kiloliters per day and an installed capacity of 24 kiloliters per day.

Their comprehensive product portfolio encompasses Bio-Diesel, Crude Glycerin, various industrial chemicals, and specialised oils, serving diverse market needs. With 30 permanent employees as of July 2024, the company has demonstrated impressive financial performance, achieving 128% revenue growth and 168% PAT increase between FY2023 and FY2024, reflecting strong operational efficiency and market demand for their products.

The company's growth trajectory is supported by their strategic focus on quality production, efficient operations, and strong market relationships, positioning them well in the expanding biofuel sector. Their commitment to sustainable energy solutions aligns with growing market demand for alternative fuel sources.

Highlights of the Rajputana Biodiesel IPO

• IPO type: Book Built Issue
• IPO size: ₹24.70 crores
• Fresh Issue: 19 lakh shares
• Face value: ₹10 per share
• Price band: ₹123 to ₹130 per share
• Lot size: 1,000 shares
• Minimum investment for retail investors: ₹130,000
• Minimum investment for HNI: ₹260,000 (2 lots)
• Listing at: NSE SME
• IPO opens: 26th November 2024
• IPO closes: 28th November 2024
• Allotment date: 29th November 2024
• Refund initiation: 29th November 2024
• Credit of shares: 2nd December 2024
• Listing date: 3rd December 2024
• Lead Manager: GYR Capital Advisors Private Limited
• Registrar: Maashitla Securities Private Limited
• Market Maker: Giriraj Stock Broking