The Rajputana Biodiesel IPO opens today, November 26, 2024, and closes on November 28, 2024. Here’s a detailed summary of the key information about the IPO:
IPO Details:
- IPO Type: Book Built Issue
- Issue Size: ₹24.70 crores
- Fresh Issue: ₹24.70 crores
- Offer for Sale: Undisclosed number of equity shares
- Face Value: ₹10 per share
- Price Band: ₹125 to ₹130 per share
- Market Lot: To be confirmed
- Listing Date: December 3, 2024 (on NSE)
Investor Quotas:
- Retail Investors: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net Worth Individuals (HNI): 15%
Important Dates:
- Opening Date: November 26, 2024
- Closing Date: November 28, 2024
- Allotment Date: November 29, 2024
- Listing Date: December 3, 2024
Promoters of Rajputana Biodiesel IPO
The company is promoted by:
- Mr. Sarthak Soni
- Mr. Tanay Attar
- Mr. Sudeep Soni
- Mrs. Madhuri Surana
These promoters bring diverse expertise and strategic vision to the company.
About Rajputana Biodiesel Ltd.
- Foundation Year: 2016
- Industry: Renewable Energy – Biodiesel Production
- Core Business:
Rajputana Biodiesel Ltd. specializes in producing high-quality biodiesel from sustainable raw materials such as:- Animal fat
- Used cooking oil
- Vegetable oil
- Mission:
The company aims to support renewable energy adoption, reduce dependency on fossil fuels, and deliver eco-friendly biodiesel with a minimal carbon footprint that meets international quality standards. - Growth Highlights:
- Revenue Growth: 128% increase in FY 2024 compared to FY 2023.
- Profit Growth: 168% increase in PAT (Profit After Tax) in FY 2024 compared to FY 2023.
- IPO Objective:
To raise ₹24.70 crores through a fresh issue of shares, helping the company expand its operations, improve production capabilities, and fund future initiatives.
Company Financial Overview
| Year | Revenue (₹ Cr) | Profit (₹ Cr) |
|---|---|---|
| FY 2024 | ₹53.68 | ₹4.52 |
| FY 2023 | ₹23.54 | ₹1.69 |
This strong financial growth underscores the company’s robust operational performance and its potential in the growing renewable energy sector.
If you are considering investing, these financials indicate a promising long-term opportunity, supported by strategic leadership and growing industry demand for biodiesel.