Rajputana Biodiesel subscribed overall 718.81 times on the last day, while a retail quota was subscribed 746.57 times and QIB was 177.38 % and NII 1,345.96% respectively.
Details About Rajputana Biodiesel’s IPO
Rajputana Biodiesel got approval from SEBI for an IPO of ₹24.70 crores to raise funds and maintain financial stability. This IPO was a combination of fresh issues of ₹24.70 crores. The face value of each share was Rs 10. Moreover, the company has set up a price band between ₹125 to ₹130 per share. In this IPO total of 1,000 shares were available in 1 lot size for the minimum Retail category and maximum as well. While S-HNI (Min) total of 2,000 shares in 2 lot sizes.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹130,000.
- Small HNI (S-HNI): Minimum investment of ₹260,000.
Subscription duration of Rajputana Biodiesel
This IPO started on November 26, 2024, and closed on November 28, 2024. The investor’s allotment date was November 29, 2024, and they received a refund on November 29, 2024.
Funds Deployment of This IPO
- Loan to the Subsidiary, Nirvaanraj Energy Private Limited at H No – 576, Sheel Kunj Ph – II, Roorkee Road, Dist. – Meerut, Meerut, Uttar Pradesh, India, 250001 (“NEPL”) for capital expenditure requirements towards the expansion of existing manufacturing facility (the “Project”);
- Funding working capital requirements of the company; and
- General Corporate purposes.
About Rajputana Biodiesel Company
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’s Financial Background
The company reported revenue of ₹53.68 crore 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.
