Rajputana Biodiesel Ltd IPO
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Rajputana Biodiesel Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 19 L | TBA | ₹ 6.29 L | ₹ 46.2 L | NSE | ₹ 24.7 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 26 Nov, 24 | 28 Nov, 24 | 1000 | ₹ 1,23,000 | Book Building - SME | 03 Dec, 24 |
Rajputana Biodiesel Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 71.16x | 860000 | 61197000 |
| NII | 1346.53x | 270000 | 363562000 |
| Retail | 746.72x | 629000 | 469690000 |
| Employee | 0x | 0 | 0 |
| Total | 470.76x | 1900000 | 894449000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Rajputana Biodiesel Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 53.46 | 23.41 | 17.07 |
| EBITDA | 7.18 | 3.39 | 1.33 |
| PAT | 4.60 | 1.73 | 0.20 |
| Total Assets | 23.87 | 10.26 | 5.15 |
| Share Capital | 5.13 | 4.62 | 0.03 |
| Total Borrowings | 16.85 | 10.24 | 7.56 |
| Operating Activities (Net Cash) | 5.10 | 2.22 | 0.72 |
| Investing Activities (Net Cash) | 1.87 | -0.09 | 0.00 |
| Financing Activities (Net Cash) | 16.85 | 10.24 | 7.56 |
| Net Cashflow | 0.08 | 0.26 | 0.30 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Rajputana Biodiesel Ltd
Rajputana Biodiesel Limited was originally incorporated as Rajputana Biodiesel Private Limited a private limited company under the Companies Act, 2013 with the Registrar of Companies (ROC), Jaipur pursuant to Certificate of Incorporation dated November 10th, 2016. Subsequently, the company was converted into Public Limited Company and name of company was changed from Rajputana Biodiesel Private Limited to Rajputana Biodiesel Limited pursuant to a special resolution passed by its shareholders at the Extra Ordinary General Meeting held on May 13, 2024 and a fresh certificate of incorporation was issued by the Central Processing Centre, Manesar dated July 08th, 2024. The CIN of the Company is U74999RJ2016PLC056359.
India is endowed with abundant indigenous, non-polluting and virtually inexhaustible renewable energy resources. The government of India has proposed a target of 20% blending of ethanol in petrol and 5% blending of biodiesel in diesel by 2030. Biofuels are an appealing alternate energy options because they are renewable and have the potential to lower carbon emissions and environmental impacts while also cutting import dependence. Considering these prospective benefits, India began piloting a 5% ethanol blending (E5) program in 2001 and in 2003 formulated the National Mission on Biodiesel to achieve 20% biodiesel blends by 2011-2012 (Government of India, 2002, 2003)
Rajputana Biodiesel Limited is engaged in the Business of Manufacturing and supplying of bio-fuels and its by-products namely glycerine and fatty acids. The Company intends to add value to its by-products and explore the export potential of bio-diesel. Its manufacturing unit is operational at G24 RIICO Industrial Area, Phulera, Rajasthan 303338 spread over 4000 Square Meters. It has an installed production capacity of 30 kilo liters per day (klpd). On the date of this Red Herring Prospectus, its products cover majorly biodiesel, glycerine and fatty acid. The Company has full flexibility in its manufacturing facility to handle the multiple feed stocks as per market requirements.
Peer Comparison:
- Kotyark Industries Ltd
Rajputana Biodiesel Ltd IPO Key Points
Strengths
- Experienced Promoters and Management Team.
- Long standing relationships with customers.
- Efficient operational team.
- Consistent financial performance;
- Major Revenue from Government PSUs;
Risk
- Its business is subject to government policies. If the company fails to comply with the applicable regulations prescribed by governments and regulatory agencies, its business, results of operations and financial condition could be adversely affected.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failures to obtain, retain and renew such approvals and licenses or comply with such rules and regulations may adversely affect its operations.
- If the company is not able to obtain, renew or maintain the statutory and regulatory permits and approvals required to operate its business it may the company may faces resistance to change from existing users of conventional fossil fuel.
Strategy
- Expanding organically and inorganically in Bio-fuel sector.
- Capital Expenditure.
- Investing in Cutting-Edge Technology and Backward Integration.
- Strategic Expansion PAN India.
- Experienced Promoters and Management Team.
- Long standing relationships with customers.
- Efficient operational team.
- Consistent financial performance;
- Major Revenue from Government PSUs;
How To Apply for Rajputana Biodiesel Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
