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Rajputana Biodiesel Ltd IPO

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.

Rajputana Biodiesel Ltd IPO Details

Total Shares Offered

₹ 19,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 6,29,000

Pre Issue Promoters Holding

₹ 46,20,000

Exchange

NSE

Issue size

₹ 24.7 Cr

IPO Open Date

Nov 26, 2024

Close Date

Nov 28, 2024

Lot Size

1000

Min Investment

₹ 1,23,000

Issue Type

Book Building - SME

Listing Date

Dec 3, 2024

Rajputana Biodiesel Ltd IPO Dates

Nov 26, 2024

Opening date

Nov 28, 2024

Closing date

Nov 29, 2024

Basis of Allotment

Nov 29, 2024

Initiation of Refunds

Dec 2, 2024

Credit of Shares

Dec 3, 2024

Listing date

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

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

71.16x

1346.53x

746.72x

470.76x

860000

270000

629000

1900000

61197000

363562000

469690000

894449000

Rajputana Biodiesel Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	67.31	53.46	23.41
EBITDA	6.24	7.18	3.39
PAT	3.83	4.60	1.73
Total Assets	37.24	23.87	10.26
Share Capital	7.03	5.13	4.62
Total Borrowings	24.99	16.85	10.24
Operating Activities (Net Cash)	4.35	5.10	2.22
Investing Activities (Net Cash)	1.22	1.87	-0.09
Financing Activities (Net Cash)	24.99	16.85	10.24
Net Cashflow	0.68	0.08	0.26

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)

Peer Comparison:

Kotyark Industries Ltd

Rajputana Biodiesel Ltd 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.

How To Apply for Rajputana Biodiesel Ltd IPO Online?

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Go through the IPO details like lot size, price band, about the company, etc.

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FAQs on IPO (Initial Public Offering)

What is the issue size of the Rajputana Biodiesel Ltd IPO?

Rajputana Biodiesel Ltd's IPO offers shares for up to 24.7 It begins on Nov 26, 2024 and ends on Nov 28, 2024.

What is the price of the Rajputana Biodiesel Ltd IPO?

The price of Rajputana Biodiesel Ltd IPO ranges between ₹123 to ₹130 per share.

What are the open and close dates for the Rajputana Biodiesel Ltd IPO?

The Rajputana Biodiesel Ltd IPO opens on Nov 26, 2024 and closes on Nov 28, 2024.

When will the Rajputana Biodiesel Ltd IPO be allotted?

The allotment for the Rajputana Biodiesel Ltd IPO will be finalised on Nov 29, 2024. The shares will be listed on BSE and NSE on Dec 3, 2024.

What is the minimum lot size required for Rajputana Biodiesel Ltd IPO?

The minimum lot size for Rajputana Biodiesel Ltd IPO is 1000 shares, priced between ₹123 to ₹130 per share.

What is the GMP of Rajputana Biodiesel Ltd IPO?

The GMP (Grey Market Premium) of Rajputana Biodiesel Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Rajputana Biodiesel Ltd IPO?

To check the allotment status of Rajputana Biodiesel Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Rajputana Biodiesel Ltd IPO getting listed?

The Rajputana Biodiesel Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Nov 26, 2024, and closes on Nov 28, 2024. The allotment is finalised on Nov 29, 2024.

How do you apply for the Rajputana Biodiesel Ltd IPO?

To apply for the Rajputana Biodiesel Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.