1) Rajputana Biodiesel IPO size
The IPO is entirely a fresh equity sale of 19 lakh shares and through the issue, the company plans to raise about Rs 25 crore.
2) Rajputana Biodiesel IPO price band
The company is offering its shares at Rs 123-130 apiece, and investors can bid for 1,000 shares in 1 lot.
3) Rajputana Biodiesel GMP
In the unlisted market, the company’s shares were trading with a GMP of Rs 80, indicating a premium of 62% over the issue price.
4) About Rajputana Biodiesel
The company is engaged in the business of manufacturing and supplying of bio-fuels and its by–products namely glycerine and fatty acids. It intends to add value to our by-products and explore the export potential of bio-diesel.
5) Industry Overview
The government of India has proposed a target of 20% blending of ethanol in petrol and 5% blending of biodiesel in diesel by 2030. Biofuels are an appealing alternate energy options because they are renewable and have the potential to lower carbon emissions and environmental impacts while also cutting import dependence.
6) Rajputana Biodiesel financial performance
For the period ended July 2024, the company clocked total revenues of Rs 26.72 crore and net profit of Rs 2.6 crore.
7) Objects of the offer
The net proceeds from the public offer will be used for loan to subsidiary, working capital requirements, general corporate purposes and issue expenses.
8) Lead managers and Registrar
GYR Capital Advisors is acting as the lead manager to the issue and Maashitla Securities is the registrar.
9) Issue structure
About 50% of the offer is reserved for QIB investors, 35% for retail investors and the other 15% for non-institutional investors.
10) Important dates
The IPO opened on November 26 and will close on November 28. The final allotment will likely be made on November 29. The company’s shares will likely get listed on December 3.
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