Rajputana Biodiesel IPO is a book-built issue with a total size of ₹24.70 crore. The offering comprises a complete fresh issue of 19 lakh equity shares.
The subscription window for the Rajputana Biodiesel IPO opens on November 26, 2024, and closes on November 28, 2024. The IPO allotment is expected to be finalized on Friday, November 29, 2024, and the shares are slated to list on the NSE SME platform, with the tentative listing date set for Tuesday, December 3, 2024.
Rajputana Biodiesel operates in the biofuel production sector. They specialize in manufacturing and supplying biofuels, such as biodiesel, as well as by-products like glycerine and fatty acids1. Their products are used in various applications, including on-road and off-road vehicles, marine vessels, and power generation.
The price band for the Rajputana Biodiesel IPO is between ₹123 and ₹130 per share. Retail investors must apply for a minimum of 1,000 shares, translating to an investment of ₹130,000 at the upper price limit. High Net Worth Individuals (HNIs) are required to apply for a minimum of 2 lots, equaling 2,000 shares and an investment of ₹260,000.
GYR Capital Advisors Private Limited serves as the book-running lead manager for this IPO, with Maashitla Securities Private Limited acting as the registrar. The market-making role for the issue is handled by Giriraj Stock Broking.
Rajputana Biodiesel IPO Details:
| Company Name | Rajputana Biodiesel Limited |
| Sector | Biofuel Production |
| IPO Type | SME |
| IPO Open date | 26th Nov 2024 |
| IPO Close date | 28th Nov 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Rajputana Biodiesel IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1000 | 1,30,000 |
| HNI (Min) | 2 | 2000 | 2,60,000 |
Rajputana Biodiesel IPO Timeline:
| IPO Open Date | 26th Nov 2024 |
| IPO Close Date | 28th Nov 2024 |
| Basis of Allotment | 29th Nov 2024 |
| Refund Initiation Date | 29th Nov 2024 |
| Shares Credit to Demat | 02nd Dec 2024 |
| Listing Date | 03rd Dec 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Rajputana Biodiesel’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Biofuel Production Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Rajputana Biodiesel and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
