Rajgor Castor Derivatives was incorporated on June 13, 2018. The company, which was previously engaged in the business of trading agro commodities, is now actively managing the business of manufacturing castor oil, castor oil cake, and high protein oil cake in the castor plant (Harij), along with trading of agro-commodity.
| Bidding Dates |
|---|
| 17 Oct 2023 - 20 Oct 2023 |
| Subscription |
|---|
| 97.73x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,50,000 | 1 | 1 | 3000 | 9.6 M | ₹47 - ₹50 | 60.02 % | ₹449.4 M - ₹478.1 M | RHP DOC |
Rajgor Castor Derivatives IPO SUBSCRIPTION STATUS
20 Oct '23Rajgor Castor Derivatives IPO overall subscription rate was 97.73 times the total available shares
Rajgor Castor Derivatives IPO retail subscription rate was 105.77 times in the retail segment
Rajgor Castor Derivatives IPO non-institutional investor subscription rate was 345.19 times in the non-institutional investor category
Rajgor Castor Derivatives IPO Qualified Institutional Bidder subscription rate was 17.86 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
20 Oct 2023 (Day 4) | 105.77x | 345.19x | 17.86x |
19 Oct 2023 (Day 3) | 33.99x | 14.11x | 5.43x |
18 Oct 2023 (Day 2) | 17.79x | 5.59x | 5.42x |
17 Oct 2023 (Day 1) | 7.24x | 1.92x | 5.41x |
Rajgor Castor Derivatives FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| Q1FY24 | 19.3 | 1,127.0 | -41.2 | -41.5 | 3.8% |
| FY23 | 55.4 | 4,287.8 | -401.9 | -412.0 | 2.7% |
| FY22 | 5.2 | 396.7 | 73.4 | 71.9 | 6.8% |
| FY21 | -18.0 | 97.5 | -8.9 | -13.6 | -1.3% |
Rajgor Castor Derivatives IPO SUBSCRIPTION STATUS DETAILS
Rajgor Castor Derivatives had 9.6 M shares on offer
Rajgor Castor Derivatives IPO offer price was in the range ₹47 - ₹50
Rajgor Castor Derivatives IPO minimum Investment was ₹150000
Rajgor Castor Derivatives IPO issue size was ₹ 449.4 M - ₹ 478.1 M
Rajgor Castor Derivatives had a minimum lot size of 3000 Shares per application
Rajgor Castor Derivatives NUMBER OF SHARES ON OFFER
Rajgor Castor Derivatives IPO IMPORTANT DATES
| Issue Open Date | 17 Oct 2023 |
| Issue close Date | 20 Oct 2023 |
| Allotment Date | 26 Oct 2023 |
| Refund Date | 27 Oct 2023 |
| Demat Account Credit Date | 30 Oct 2023 |
| Listing Date | 31 Oct 2023 |
| Listing on Exchange(s) | NSE |
| Rajgor Castor Derivatives Allotment Status | Exchange |
Rajgor Castor Derivatives IPO subscription opened on 17 Oct 2023, and closed on 20 Oct 2023
IPO allotment for Rajgor Castor Derivatives was finalized on Thursday, 26 Oct 2023
IPO listing for Rajgor Castor Derivatives was on NSE on Tuesday, 31 Oct 2023
Rajgor Castor Derivatives IPO LISTING GAINS
| Issue Price (adjusted) | 50.0 |
| Listing Open Price | 59.0 |
| Listing Close Price | 61.1 |
| Listing Gain% | 18.0% |
| Current Gain% | -40.2% |
Rajgor Castor Derivatives Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rajgor Castor Derivatives Ltd. | 29.9 | 71.5 | 5.7 | 0.1 | 0.1 | 13.2 | 4.6 | 875.1 | 39.5 | 12.6 | 40.2 | 5.3 | 40.2 |
| Patanjali Foods Ltd. | 357.5 | 38899.9 | 21.4 | 0.5 | 1 | 13.8 | 9.6 | 40347.8 | 17.7 | 1814.5 | 39.5 | 16.7 | 39.5 |
| AWL Agri Business Ltd. | 197.5 | 25668.7 | 22.2 | 33.6 | 0.3 | 10 | 4.2 | 75148.5 | 17.6 | 1042 | -14.9 | 8.9 | 0.7 |
| Gokul Agro Resources Ltd. | 228.8 | 6751.6 | 16 | 0.3 | 0.3 | 26 | 7.5 | 24116.7 | 23.1 | 369.4 | 50.4 | 14.3 | 59.2 |
| CIAN Agro Industries & Infrastructure Ltd. | 1359.5 | 3804.7 | 16.9 | 0 | 1.7 | 10.3 | 5.2 | 2279 | 116.3 | 222.7 | 441 | 80.3 | 445.8 |
| BN Agrochem Ltd. | 269.5 | 2635 | 77.1 | 1.3 | 3 | 7.4 | 6.5 | 873.7 | 137.9 | 34.4 | 74 | 3.5 | 57.2 |
Rajgor Castor Derivatives INFORMATION ON IPO ISSUE
About Rajgor Castor Derivatives
Rajgor Castor Derivatives was incorporated on June 13, 2018. The company, which was previously engaged in the business of trading agro commodities, is now actively managing the business of manufacturing castor oil, castor oil cake, and high protein oil cake in the castor plant (Harij), along with trading of agro-commodity.
Object of the Issue
- To meet working capital requirements
- General corporate purpose
- To meet public offer expenses
Rajgor Castor Derivatives - PROMOTERS
| Name |
|---|
| Brijeshkumar Vasantlal Rajgor |
| Vasantkumar Shankarlal Rajgor |
| Maheshkumar Shankarlal Rajgor |
Rajgor Castor Derivatives Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Rajgor Castor Derivatives Registrar to the Issue
Link Intime India Private Limited
rajgorcastorderivatives.ipo@linkintime.co.in
Rajgor Castor Derivatives Strengths
Diversified business model and customer base
The company has developed a diversified business model with offerings ranging from castor doc and seeds to castor oil. This diversified business model reduces its dependency on a particular industry and ensures the flow of revenues throughout the year
Scalable business model
The company's business model is customer-centric and order driven, and requires optimum utilisation of our existing resources, assuring quality supply and achieving consequent economies of scale
Rajgor Castor Derivatives Risks
Legal proceedings
The promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various regulatory authorities. Any adverse decision may make it liable to liabilities/penalties
Dependent on few customers
The company is dependent on a few customers for sales. Loss of any of large customer may affect the revenues and profitability
IPO FAQs
This IPO consists of an offer for sale of up to Rs 3.3 crore, of 666,000 shares. It also consists of a fresh issue of Rs 44.5 crore.
The promoters of the company are Brijeshkumar Vasantlal Rajgor, Vasantkumar Shankarlal Rajgor and Maheshkumar Shankarlal Rajgor.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 47.0 - 50.0.
The IPO application opens on Oct 17, 2023 and closes on Oct 20, 2023.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 150,000.0, the maximum value for this IPO is Rs 150,000.0.
This IPO will be allotted on Oct 26, 2023.
The refund will be credited to your account on Oct 27, 2023.
The allotted shares will be credited to your demat on Oct 30, 2023.
Rajgor Castor Derivatives Ltd.’s shares listed on the stock exchanges on Oct 31, 2023.