Rajputana Biodiesel IPO subscription started on Tuesday, November 26, 2024 and will close on November 28, 2024 as per the schedule. The price band is set at ₹123 to ₹130 per share with a face value of ₹10.
Rajputana Biodiesel IPO Subscription Status
Rajputana Biodiesel IPO Subscribed over 19.05x on its first day till 5.00 PM on 25th November.
- Rajputana Biodiesel IPO subscription QIB investors portion is 0.71 times, while NII subscribed 13.09 times and RII investors subscribed 31.66 times.
- The company has received bids for 2,36,94,000 shares against 12,44,000 shares on offer on the first day of subscription.
- Rajputana Biodiesel IPO Subscribed over 19.05x on its day 1.
About Rajputana Biodiesel IPO
Rajputana Biodiesel Ltd. was founded in 2016 as a company in India that produces biodiesel using raw materials such as animal fat, Cooking, and vegetable oil. It had a main goal to support renewable energy and decrease reliance on fossil fuels. Moreover, it produces premium-quality biodiesel with minimal carbon impact, meeting international standards. Mr. Sarthak Soni, Mr. Tanay Attar, and Mr. Sudeep are the promoters, bringing valuable experience and expertise to achieve goals through strategic initiatives. Additionally, its Revenue has grown by 128%, and the PAT (Profit After Tax) has increased by 168% in 2024. To raise more funds, the company is set to launch an IPO of Rs 24.70 crores, which will be an entirely fresh issue.
Rajputana Biodiesel Company Financial Report
The company reported revenue of ₹53.68 crores in 2024 against ₹23.54 crore in 2023. The company reported Profit of ₹4.52 crores in 2024 against Profit of ₹1.69 crores in 2023.
Rajputana Biodiesel IPO GMP:
Rajputana Biodiesel IPO GMP was ₹80 as of Tuesday, November 26. That indicates the IPO is trading at ₹210 with ₹80 premium in the grey market against the issue price of ₹130.
