Rajputana Biodiesel IPO

NiftyTrader • November 19, 2024

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Rajputana Biodiesel IPO opens for subscription on November 26, 2024 and closes on November 28, 2024. The allotment for the Rajputana Biodiesel IPO is expected to be finalized on Friday, November 29, 2024. Rajputana Biodiesel IPO will list on NSE SME with tentative listing date fixed as Tuesday, December 3, 2024.

Rajputana Biodiesel IPO price band is set at ₹125 to ₹130 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹130,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹260,000.

Rajputana Biodiesel IPO is a book built issue of Rs 24.70 crores. The issue is entirely a fresh issue of 19 lakh shares.

Rajputana Biodiesel IPO Details

IPO Date	November 26, 2024 to November 28, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹125 to ₹130 per share
Lot Size	1000 Shares
Total Issue Size	1,900,000 shares (aggregating up to ₹24.70 Cr)
Fresh Issue	1,900,000 shares (aggregating up to ₹24.70 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	5,133,500
Shareholding post-issue	7,033,500
Market Maker portion	141,000 shares

Rajputana Biodiesel IPO Lot Size

Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1000	₹130,000
Retail (Max)	1	1000	₹130,000
S-HNI (Min)	2	2000	₹260,000

Rajputana Biodiesel IPO Objectives

The Company proposes to utilize the funds that are being raised through this Issue towards the following objectives:

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”);
Funding working capital requirements of the company; and
General Corporate purposes.

About Rajputana Biodiesel

Founded in 2016, Rajputana Biodiesel 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.

Rajputana Biodiesel Financial Information

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4,626	3,995.16	1,515.69	1,071.47
Revenue	2,779.18	5,367.51	2,354.06	1,746.07
Profit After Tax	259.59	452.43	168.83	19.97
Net Worth	1,573.81	1,314.22	454.99	-128.92
Reserves and Surplus	1,050.46	800.87	-7.01	-131.42
Total Borrowing	1,989.23	1,914.19	887.12	1,093.61
				Amount in ₹ Lakhs

Rajputana Biodiesel IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Issue

Rajputana Biodiesel IPO Timeline (Tentative Schedule)

Rajputana Biodiesel IPO opens on November 26, 2024, and closes on November 28, 2024.

IPO Open Date	Tuesday, November 26, 2024
IPO Close Date	Thursday, November 28, 2024
Basis of Allotment	Friday, November 29, 2024
Initiation of Refunds	Friday, November 29, 2024
A credit of Shares to Demat	Monday, December 2, 2024
Listing Date	Tuesday, December 3, 2024
Cut-off time for UPI mandate confirmation	5 PM on November 28, 2024