Rajputana Biodiesel IPO
IPO Listing Details
- Listing Date
03 Dec 2024
- Listing Price
₹ 247.00
- Listing Change
90.00%
- Last Traded Price
₹ 279.00
IPO Details
- Open Date
26 Nov 2024
- Close Date
28 Nov 2024
- IPO Price Range
₹ 123 - ₹ 130
- IPO Size
₹ 24.70 Cr
- Listing Exchange
NSE SME
- Listing Date
03 Dec 2024
IPO Timeline
Rajputana Biodiesel IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 26-Nov-24 | 0.71 | 12.87 | 30.63 | 18.48 |
| 27-Nov-24 | 1.54 | 64.26 | 143.46 | 86.91 |
| 28-Nov-24 | 177.38 | 1,345.96 | 746.57 | 718.81 |
Last Updated: 28 November 2024 6:54 PM by 5Paisa
Rajputana Biodiesel IPO is set to open on 26 November 2024 and will close on 28 November 2024. Rajputana Biodiesel specialises in producing and supplying biofuels and their by-products, including glycerine and fatty acids.
The IPO is a fresh issue of 0.19 Cr shares aggregating to ₹24.70 Cr. The price band is set at ₹125 to ₹130 per share and the lot size is 1000 shares.
The allotment is scheduled to be finalised on 29 November 2024. It will go public on NSE SME, with a tentative listing date of 3 December 2024.
GYR Capital Advisors Pvt Ltd is the book running lead manager while Maashitla Securities Pvt Ltd is the registrar.
Rajputana Biodiesel IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹24.70 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹24.70 Cr |
Rajputana Biodiesel IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹130,000 |
| Retail (Max) | 1 | 1000 | ₹130,000 |
| HNI (Min) | 2 | 2000 | ₹260,000 |
Rajputana Biodiesel IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 177.38 | 3,45,000 | 6,11,97,000 | 795.56 |
| NII (HNI) | 1,345.96 | 2,70,000 | 36,34,10,000 | 4,724.33 |
| Retail | 746.57 | 6,29,000 | 46,95,92,000 | 6,104.70 |
| Total | 718.81 | 12,44,000 | 89,41,99,000 | 11,624.59 |
Rajputana Biodiesel IPO Anchor Allocation
| Anchor Bid Date | 25 November, 2024 |
| Shares Offered | 515,000 |
| Anchor portion Size (In ₹ Cr.) | 6.70 |
| Anchor lock-in period end date for 50% shares (30 Days) | 29 December, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 27 February, 2024 |
1. Loan to the Subsidiary, Nirvaanraj Energy Private Limited for capital expenditure requirements towards the expansion of existing manufacturing facility;
2. Funding working capital requirements of the company; and
3. General Corporate purposes.
Rajputana Biodiesel was founded in 2015. It specialises in producing and supplying biofuels and their by-products, including glycerine and fatty acids. The company's production facility, spanning 4,000 square metres, is located in the RIICO Industrial Area of Phulera, Rajasthan. With an approved production capacity of 30 kiloliters per day (kl/pd) and an installed capacity of 24 kl/pd, the facility is equipped to cater to diverse industrial needs.
The company offers an extensive product portfolio, featuring Bio-Diesel, Crude Glycerin, Caustic Potash Flakes, Esterified Fatty Acid, and Methanol, among others. Additionally, it handles job work like semi-refining glycerine for other manufacturers. Its raw material sources include waste sludge, used cooking oil, and various oils like refined rice oil and crude sunflower oil. As of July 31, 2024, Rajputana Biodiesel employed 30 permanent staff, reflecting its commitment to sustainable energy and steady operational growth.
Peers
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 53.68 | 23.54 | 17.46 |
| EBITDA | 7.67 | 3.51 | 1.62 |
| PAT | 4.52 | 1.69 | 0.20 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 39.95 | 15.16 | 10.71 |
| Share Capital | 5.13 | 4.62 | 0.03 |
| Total Borrowings | 19.14 | 8.87 | 10.94 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | -7.45 | -1.17 | -0.53 |
| Net Cash Generated From / (used in) investing activities | -3.33 | 0.52 | -0.33 |
| Net Cash Generated From / (used in) financing activities | 13.73 | 1.24 | 2.99 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 2.95 | 0.59 | 2.13 |
Strengths
1. The company has a diverse product portfolio meeting various industrial needs.
2. It operates a well-located facility in Rajasthan with good market accessibility.
3. It has an approved daily production capacity of 30 kiloliters.
4. The company uses sustainable raw materials like used cooking oil and waste sludge.
5. The company focuses on eco-friendly biofuel production, aligning with global sustainability trends.
Risks
1. The installed production capacity is lower than the approved capacity.
2. The workforce is relatively small, with only 30 permanent employees.
3. Dependency on waste materials may create supply chain uncertainties.
4. Limited operational scale compared to larger competitors in the biofuel industry.
5. Geographic concentration may limit expansion opportunities outside Rajasthan.
6. Reliance on client projects for revenue makes business vulnerable to industry-specific fluctuations.
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FAQs
Rajputana Biodiesel IPO opens from 26 November to 28 November 2024.
The size of Rajputana Biodiesel IPO is ₹24.70 Cr.
The price of Rajputana Biodiesel IPO is fixed at ₹125 to ₹130 per share.
To apply for Rajputana Biodiesel IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Rajputana Biodiesel IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Rajputana Biodiesel IPO is 1000 shares and the investment required is ₹130,000.
The share allotment date of Rajputana Biodiesel IPO is 29 November 2024
The Rajputana Biodiesel IPO will be listed on 3 December 2024.
GYR Capital Advisors Pvt Ltd is the book running lead manager of the Rajputana Biodiesel IPO.
Contact Information
Rajputana Biodiesel
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 Register
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Rajputana Biodiesel IPO Lead Manager
GYR Capital Advisors Private Limited
