Rajputana Biodiesel IPO: Unlisted shares of Rajputana Biodiesel Ltd traded in the gray market on Monday at Rs. 230 which was trading at Rs. 100 was Rs 100 or 76.92 per cent higher than the issue price.
Rajputana Biodiesel IPO GMP: Rajputana Biodiesel’s initial public offering, which closes on Thursday, has received over 146 times its subscription so far. Till 10:47 am on the last day of bidding on Thursday, Rs. 24.70 crore SME IPO received 146.05 times subscription bid for 18,16,83,000 shares, against 12,44,000 shares on offer.
The IPO was opened on 26 November. Its price band has been fixed at Rs 123 and Rs 130.
So far, the Non-Institutional Investors portion has received 140.94 times subscription, while the Qualified Institutional Buyers (QIBs) portion has been subscribed 1.56 times. The category for retail individual investors (RIIs) was oversubscribed 227.49 times.
Rajputana Biodiesel Limited, established in 2016, manufactures and supplies biofuel and its by-products, namely glycerin and fatty acids.
Rajputana Biodiesel IPO GMP Today
According to market watchers, unlisted shares of Rajputana Biodiesel Ltd traded in the gray market on Monday at Rs. 230 which was trading at Rs. 100 was Rs 100 or 76.92 per cent higher than the issue price. A huge GMP of Rs 100 indicates a blockbuster listing of the IPO.
GMP is dependent on market sentiments and is subject to change. The ‘grey market premium’ represents the willingness of investors to pay more than the issue price.
Rajputana Biodiesel IPO: More Details
The IPO is a fresh issue of fully 19 lakh shares.
The Rajputana Biodiesel IPO, which opened for subscription on November 26, will close on November 28, 2024. Its IPO allotment is expected to be finalized on Friday, November 29, 2024.
Rajputana Biodiesel is scheduled to list on NSE SME on December 3, 2024.
Rajputana Biodiesel IPO price band per share Rs. 123 to Rs. 130 has been fixed. Minimum lot size for application is 1,000 shares. The minimum investment required by retail investors is Rs 1,30,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to Rs. 2,60,000 is.
GYR Capital Advisors Pvt Ltd is the book running lead manager of the Rajputana Biodiesel IPO, while Mashitla Securities Pvt Ltd is the registrar for the issue. The market maker for the Rajputana Biodiesel IPO is Giriraj Stock Broking.
Rajputana Biodiesel Ltd’s revenue grew by 128 per cent and profit after tax (PAT) by 168 per cent between the financial years ended March 31, 2024 and March 31, 2023.