Rajputana Biodiesel IPO Closed
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Schedule of Rajputana Biodiesel
| Issue open date | 26 Nov 2024 |
| Issue close date | 28 Nov 2024 |
| UPI mandate deadline | 28 Nov 2024 (5 PM) |
| Allotment finalization | 29 Nov 2024 |
| Refund initiation | 29 Nov 2024 |
| Share credit | 02 Dec 2024 |
| Listing date | 03 Dec 2024 |
| Mandate end date | 13 Dec 2024 |
| Lock-in end date for anchor investors (50%) | 29 Dec 2024 |
| Lock-in end date for anchor investors (remaining) | 27 Feb 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Rajputana Biodiesel
Rajputana Biodiesel Limited, incorporated initially as Rajputana Biodiesel Private Limited on November 10, 2016, transitioned to a public limited company on July 8, 2024. The company operates a manufacturing unit in Phulera, Rajasthan, spanning 4,000 sq. meters with an approved production capacity of 30 KLPD and an installed capacity of 24 KLPD. It specializes in manufacturing biodiesel, glycerine, and fatty acids, with flexible facilities for handling multiple feedstocks. The company leverages over seven years of expertise in the biodiesel industry to expand its operations and explore export opportunities
Financials of Rajputana Biodiesel
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹24.70 crores |
| Fresh Issue | ₹24.70 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Loan to subsidiary for expansion | 4.2 (12%) |
| Working capital requirement | 12.2 (49.39%) |
| General corporate purposes | 8.3 (38.61%) |
Strengths
- Flexible, multi-feedstock production.
- Promoters with 7 years’ expertise.
- Stable revenue from PSU customers.
- Advanced capacity and value addition plans.
Risks
- Regulatory dependency risks.
- Raw material supply uncertainty.
- Intense domestic competition.
- Limited market diversification.