Rajputana Biodiesel IPO

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26th – 28th Nov 2024
03 Dec 2024
₹125 – ₹130
Lot size 1000 — ₹130000
24cr

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.