Rajputana Biodiesel SME IPO, Rajputana Biodiesel Limited, one of the leading bio diesel manufacturers in India, is set to open its SME Initial Public Offering (IPO) for subscription from November 26, 2024, to November 28, 2024. With a total issue size of ₹24.70 crores, the IPO represents a fresh issuance of 1.9 million shares. This listing marks a significant milestone for the company as it aims to strengthen its foothold in the growing biofuel industry.
The IPO has already garnered attention from market watchers on platforms like IPO GMP Chittorgarh and 5Paisa IPO GMP, highlighting strong investor sentiment. With robust financial growth and a strategic presence in the renewable energy sector, Rajputana Biodiesel has positioned itself as a key player in India’s green energy market.
Table of Contents
Rajputana Biodiesel SME IPO Key Details
| Details | Specifications |
|---|---|
| IPO Date | November 26, 2024 – November 28, 2024 |
| Listing Date | December 3, 2024 |
| Price Band | ₹123 to ₹130 per share |
| Lot Size | 1,000 shares |
| Minimum Investment (Retail) | ₹130,000 |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Market Maker | Giriraj Stock Broking |
| Lead Manager | GYR Capital Advisors Pvt. Ltd. |
This IPO is set to list on the NSE SME, a platform that has been instrumental in showcasing high-potential small- and medium-sized enterprises. Rajputana Biodiesel’s IPO is also being closely followed on portals like Chittorgarh IPO and GMP IPO Chittorgarh, which highlight its appeal among retail and HNI investors. Rajputana Biodiesel SME IPO
| SME IPO Activity | Date |
|---|---|
| SME IPO Open Date | 26-11-2024 |
| SME IPO Close Date | 28-11-2024 |
| Basis of Allotment Finalisation Date* | 29-11-2024 |
| Refunds Initiation* | 29-11-2024 |
| Credit of Shares to Demat Account* | 02-12-2024 |
| SME IPO Listing Date* | 03-12-2024 |
IPO Allocation and Grey Market Premium (GMP)
The IPO is divided into three key categories: Rajputana Biodiesel SME IPO
| Investor Category | Shares Offered |
|---|---|
| Qualified Institutional Buyers (QIB) | Not more than 50% of the net offer |
| Retail Investors (RII) | Not less than 35% of the net offer |
| Non-Institutional Investors (HNI) | Not less than 15% of the net offer |
The Grey Market Premium (GMP) for the IPO, as reported on platforms like Chittorgarh IPO GMP and 5Paisa IPO GMP, stands at ₹30 per share. This indicates that the shares are expected to list at ₹160, significantly above the upper price band of ₹130, showcasing strong market confidence in the company’s future performance. Rajputana Biodiesel SME IPO
Promoters and Company Overview
Rajputana Biodiesel Limited, founded in 2016, is based in Phulera, Rajasthan. It is located strategically near Jaipur, offering easy access to logistics hubs and industrial markets. Known for its innovative approach in producing biodiesel and related by-products, the company operates from a sprawling 4,000-square-meter facility with an installed production capacity of 24 kiloliters per day (kl/pd). Rajputana Biodiesel SME IPO
Promoters:
- Mr. Sarthak Soni
- Mr. Tanay Attar
- Mr. Sudeep Soni
- Mrs. Madhuri Surana
The company has also diversified its product offerings, which include: Rajputana Biodiesel SME IPO
- Bio-Diesel
- Crude Glycerine
- Castic Potash Flakes
- Esterified Fatty Acid
- Methanol
- Refined Rice Oil
Rajputana Biodiesel’s commitment to sustainable energy aligns with global renewable energy trends, placing it among the top bio diesel manufacturers in India.
Financial Performance
Rajputana Biodiesel has demonstrated consistent financial growth over the years. The company’s financials underline its strong performance: Rajputana Biodiesel SME IPO
| Period | Revenue (₹ Lakhs) | PAT (₹ Lakhs) | Net Worth (₹ Lakhs) |
|---|---|---|---|
| FY 2022 | 1,746.07 | 19.97 | -128.92 |
| FY 2023 | 2,354.06 | 168.83 | 454.99 |
| FY 2024 | 5,367.51 | 452.43 | 1,314.22 |
| July 2024 (YTD) | 2,779.18 | 259.59 | 1,573.81 |
The company’s revenue grew by 128%, while its profit after tax increased by 168% between FY 2023 and FY 2024. This financial growth has placed the company as a sought-after investment opportunity among those tracking IPO performance on platforms like IPO GMP Chittorgarh.
IPO Objectives
The funds raised from this IPO will be allocated toward: Rajputana Biodiesel SME IPO
- Expanding the manufacturing capacity of its subsidiary, Nirvaanraj Energy Private Limited, located near Roorkee resorts.
- Meeting working capital requirements.
- General corporate purposes.
Investment Insights
Rajputana Biodiesel’s IPO has sparked significant interest among both retail and HNI investors. Its strategic presence in a fast-growing industry, coupled with favorable GMP reports from platforms like Apex Solar IPO GMP, makes it an attractive opportunity. Rajputana Biodiesel SME IPO
However, like any investment, risks remain. The biodiesel industry is heavily reliant on regulatory frameworks and market competition from established bio diesel manufacturers in India.
Rajputana Biodiesel Limited has filed its Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP) with the National Stock Exchange (NSE) for its upcoming SME IPO. These documents provide comprehensive details about the company’s financials, business operations, and the specifics of the IPO.
Draft Red Herring Prospectus (DRHP): The DRHP is accessible through the NSE’s official archives. You can view it here:
Red Herring Prospectus (RHP): The RHP, which includes finalized details of the IPO, is available on Rajputana Biodiesel’s official website. You can access it here:
These documents are essential for potential investors to understand the company’s background, financial health, and the terms of the IPO.
Why This IPO Stands Out
- Positive GMP: The ₹30 GMP reflects strong investor confidence.
- High Growth Potential: The renewable energy sector is on an upward trajectory, and Rajputana Biodiesel is well-positioned to benefit.
- Robust Financials: A 128% growth in revenue showcases the company’s operational efficiency.
For those planning a visit to Rajasthan to explore business opportunities, hotels near Panch Batti, Jaipur, offer convenient accommodations. Additionally, Rajputana Hotel chains are known for their excellent hospitality, making them ideal for corporate stays. Rajputana Biodiesel SME IPO
Rajputana Biodiesel SME IPO GMP TREND
Rajputana Biodiesel SME IPO
Conclusion
Rajputana Biodiesel SME IPO is a promising investment opportunity, particularly for those keen on entering the renewable energy sector. Its strong financial performance, growing product portfolio, and optimistic market sentiment make it a noteworthy IPO in the SME segment. Rajputana Biodiesel SME IPO
Investors are encouraged to stay updated on platforms like Chittorgarh IPO GMP and 5Paisa IPO GMP to track market trends. With the company’s potential for growth and its strategic initiatives, Rajputana Biodiesel is set to shine in India’s green energy landscape. Rajputana Biodiesel SME IPO
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