Rajputana Biodiesel Ltd. was incorporated on November 10, 2016. The company is involved in manufacturing and supplying biofuels and its by-products, such as glycerine and fatty acids. They aim to add value to these by-products and explore the export potential of biodiesel
| Bidding Dates |
|---|
| 26 Nov 2024 - 28 Nov 2024 |
| Subscription |
|---|
| 645.81x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,23,000 | 1 | 1 | 1000 | 1.9 M | ₹123 - ₹130 | 65.69 % | ₹233.7 M - ₹247.0 M | RHP DOC |
Rajputana Biodiesel Ltd. IPO SUBSCRIPTION STATUS
28 Nov '24Rajputana Biodiesel Ltd. IPO overall subscription rate was 645.81 times the total available shares
Rajputana Biodiesel Ltd. IPO retail subscription rate was 968.93 times in the retail segment
Rajputana Biodiesel Ltd. IPO non-institutional investor subscription rate was 1750 times in the non-institutional investor category
Rajputana Biodiesel Ltd. IPO Qualified Institutional Bidder subscription rate was 88.37 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
28 Nov 2024 (Day 3) | 968.93x | 1750x | 88.37x |
27 Nov 2024 (Day 2) | 184.13x | 83.86x | 0.77x |
26 Nov 2024 (Day 1) | 39.56x | 16.71x | 0.36x |
Rajputana Biodiesel Ltd. 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 |
| 4MFY25 | 26.0 | 267.2 | -2.5 | -9.8 | 15.2% |
| FY24 | 45.2 | 534.6 | -74.5 | -96.8 | 14.3% |
| FY23 | 16.9 | 234.1 | -11.7 | -12.9 | 14.9% |
| FY22 | 2.0 | 170.7 | -5.3 | -9.0 | 9.3% |
Rajputana Biodiesel Ltd. IPO SUBSCRIPTION STATUS DETAILS
Rajputana Biodiesel Ltd. had 1.9 M shares on offer
Rajputana Biodiesel Ltd. IPO offer price was in the range ₹123 - ₹130
Rajputana Biodiesel Ltd. IPO minimum Investment was ₹123000
Rajputana Biodiesel Ltd. IPO issue size was ₹ 233.7 M - ₹ 247.0 M
Rajputana Biodiesel Ltd. had a minimum lot size of 1000 Shares per application
Rajputana Biodiesel Ltd. NUMBER OF SHARES ON OFFER
Rajputana Biodiesel Ltd. IPO IMPORTANT DATES
| Issue Open Date | 26 Nov 2024 |
| Issue close Date | 28 Nov 2024 |
| Allotment Date | 29 Nov 2024 |
| Refund Date | 29 Nov 2024 |
| Demat Account Credit Date | 02 Dec 2024 |
| Listing Date | 03 Dec 2024 |
| Listing on Exchange(s) | NSE |
| Rajputana Biodiesel Ltd. Allotment Status | Exchange |
Rajputana Biodiesel Ltd. IPO subscription opened on 26 Nov 2024, and closed on 28 Nov 2024
IPO allotment for Rajputana Biodiesel Ltd. was finalized on Friday, 29 Nov 2024
IPO listing for Rajputana Biodiesel Ltd. was on NSE on Tuesday, 03 Dec 2024
Rajputana Biodiesel Ltd. IPO LISTING GAINS
| Issue Price (adjusted) | 130.0 |
| Listing Open Price | 247.0 |
| Listing Close Price | 259.4 |
| Listing Gain% | 90.0% |
| Current Gain% | 68.0% |
Rajputana Biodiesel Ltd. 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Rajputana Biodiesel Ltd. | 218.4 | 153.6 | 14.6 | 0.2 | 1.2 | 21.1 | 11.5 | 123.1 | 79.4 | 10.5 | 77.7 | 15 | 77.7 |
| GAIL (India) Ltd. | 173.6 | 114163.5 | 11.6 | -0.8 | 0.8 | 8.5 | 5.4 | 143107.9 | 0 | 7582.5 | -39.1 | 15 | -15.1 |
| Adani Total Gas Ltd. | 657.6 | 72318 | 114.4 | -47.5 | 11.5 | 13.5 | 6.9 | 5932.3 | 17.9 | 655.7 | 0.2 | 5.7 | -2.4 |
| Gujarat Energy Ltd. | 265.3 | 24891.3 | 24.3 | -2.3 | 1.5 | 9.1 | 6.1 | 24161.9 | 44.7 | 1677.6 | 46.1 | 10.9 | -10.6 |
| Indraprastha Gas Ltd. | 151.9 | 21271.6 | 13.7 | -1.4 | 1.3 | 13.5 | 9.1 | 16541.2 | 8.4 | 1549.6 | -9.8 | 11.1 | -9.8 |
| Va Tech Wabag Ltd. | 1957.7 | 12219.5 | 33 | 1.3 | 3.1 | 14.4 | 6 | 4038.5 | 21 | 370.5 | 25.5 | 59.4 | 25.5 |
Rajputana Biodiesel Ltd. INFORMATION ON IPO ISSUE
About Rajputana Biodiesel Ltd.
Rajputana Biodiesel Ltd. was incorporated on November 10, 2016. The company is involved in manufacturing and supplying biofuels and its by-products, such as glycerine and fatty acids. They aim to add value to these by-products and explore the export potential of biodiesel
Object of the Issue
- Loan to their subsidiary, Nirvaanraj Energy Private, Meerut, Uttar Pradesh, for capital expenditure requirements towards expansion of their existing manufacturing facility
- Funding working capital requirements of the company
- General corporate purposes
Rajputana Biodiesel Ltd. - PROMOTERS
| Name |
|---|
| Sarthak Soni |
| Sudeep Soni |
| Tanay Attar |
| Madhuri Surana |
Rajputana Biodiesel Ltd. Lead Manager of the Issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Rajputana Biodiesel Ltd. Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Rajputana Biodiesel Ltd. Strengths
Adopting biofuels and renewables
The company is committed to integrating biodiesel and other renewables into its energy mix to reduce carbon emissions and reliance on fossil fuels. This involves investing in advanced technologies and infrastructure to support biofuel production and use
Implementing energy efficiency norms
The company is committed to adopting best practices and advanced technologies to reduce energy consumption and improve operational efficiency. This includes upgrading equipment, optimizing processes, and conducting regular energy audits
Improving refinery processes
The company is committed to upgrading its facilities with advanced technologies and automation to boost efficiency and reduce waste. This includes refining crude glycerine into pharmaceutical-grade glycerine and maximizing the value of fatty acids
Rajputana Biodiesel Ltd. Risks
Subject to government policies
The business is subject to government policies, and failure to comply with regulations set by governments and regulatory agencies could negatively impact operations, results, and financial condition
Approvals and licenses
The company requires specific approvals and licenses to operate and must comply with certain regulations. Failure to obtain, retain, or renew these approvals or comply with regulations could negatively impact operations
Competition
The company's production relies on a competitive bidding process by government authorities. Inability to qualify for, compete, or win future projects could negatively impact the business and its results
IPO FAQs
The promoters of the company are Sarthak Soni, Sudeep Soni, Tanay Attar and Madhuri Surana.
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 123.0 - 130.0.
The IPO application opens on Nov 26, 2024 and closes on Nov 28, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 123,000.0, the maximum value for this IPO is Rs 130,000.0.
This IPO will be allotted on Nov 29, 2024.
The refund will be credited to your account on Nov 29, 2024.
The allotted shares will be credited to your demat on Dec 02, 2024.
Rajputana Biodiesel Ltd.’s shares listed on the stock exchanges on Dec 03, 2024.