IPO Issue Details
Issue Price / Price Band₹130 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size19,00,000 shares (aggregating up to ₹24.70 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 26 Nov 2024
Subscription CloseThu, 28 Nov 2024
Anchor AllotmentMon, 25 Nov 2024
Basis of AllotmentFri, 29 Nov 2024
Initiation of RefundsFri, 29 Nov 2024
Credit of Shares to DematMon, 02 Dec 2024
Listing DateTue, 03 Dec 2024
UPI Mandate Deadline2024-11-28
Application & Investment Details
Retail — Min (1 Lots)₹1,30,000 — 1,000 shares
Retail — Max (13 Lots)₹1,690,000 (13 Lots)
HNI — Min (2 Lots)₹2,60,000 — 2,000 shares
EPS (Pre-IPO)₹8.81
EPS (Post-IPO)₹11.07
P/E Ratio (Pre-IPO)14.75x
P/E Ratio (Post-IPO)11.74x
Net Offer to Public17,59,000 shares (aggregating up to ₹22.87 Cr)
Reserved for Market Maker1,41,000 shares (aggregating up to ₹1.83 Cr)
Pre-IPO Promoter Holding51,33,500 shares
Post-IPO Promoter Holding70,33,500 shares
About Rajputana Biodiesel Ltd
Founded in 2016, Rajputana Biodiesel Limited produces and supplies biofuels and their by-products, namely glycerine and fatty acids.The company's production facility is located at G24 RIICO Industrial Area, Phulera, Rajasthan 303338 in an area of 4,000 square meters. The company has an approved production capacity of 30 kiloliters per day (kl/pd) and an installed production capacity of 24 kiloliters per day (kl/pd).Rajputana Biodiesel's product portfolio includes Bio-Diesel, Crude Glycerin, Castic Potash Flakes, Waste Sludge, Used Cooking Oil, Esteried Fatty Acid, Methanol, Citric Acid, Refined Rice Oil, Crude Sunflower Oil, Sodium Methoxide, RBD Palm Sterin, Job Work: semi-refining of glycerine for other manufacturers, and Fats.As of July 31, 2024, the company had 30 permanent employees.
Objects of the Issue
Rajputana Biodiesel Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
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”);
2
Funding working capital requirements of the company; and
3
General Corporate purposes.
Shareholding & Lock-in
Pre-IPO Promoter Holding
51,33,500 shares
Post-IPO Promoter Holding
70,33,500 shares