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Rajputana Biodiesel IPO: Unlisted shares of Rajputana Biodiesel Ltd were trading at Rs 230 apiece in the grey market on Monday, which was a huge Rs 100 or 76.92 per cent above the issue price of Rs 100 per share.
Rajputana Biodiesel IPO.
Rajputana Biodiesel IPO GMP: The initial public offering of Rajputana Biodiesel, which is going to be closed on Thursday, has received over 146 times subscription so far. Till 10:47 am on the final day of bidding on Thursday, the Rs 24.70-crore SME IPO received a 146.05 times subscription garnering bids for 18,16,83,000 shares as against the 12,44,000 shares on offer.
The IPO was opened on November 26. Its price band has been fixed at Rs 123 and Rs 130 apiece.
So far, the portion for non-institutional investors attracted 140.94 times subscription, while the qualified institutional buyers (QIBs) part got subscribed 1.56 times. The category for retail individual investors (RIIs) fetched 227.49 times subscription.
Rajputana Biodiesel Limited, which was founded in 2016, produces and supplies biofuels and their by-products, namely glycerine and fatty acids.
Rajputana Biodiesel IPO GMP Today
According to market observers, unlisted shares of Rajputana Biodiesel Ltd were trading at Rs 230 apiece in the grey market on Monday, which was a huge Rs 100 or 76.92 per cent above the issue price of Rs 100 per share. The huge Rs 100 GMP indicates a blockbuster listing of the IPO.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Rajputana Biodiesel IPO: More Details
The IPO is entirely a fresh issue of 19 lakh shares.
The Rajputana Biodiesel IPO, which was opened for subscription on November 26, will be closed on November 28, 2024. Its IPO allotment is expected to be finalised on Friday, November 29, 2024.
Rajputana Biodiesel’s listing is scheduled to take place on the on NSE SME on December 3, 2024.
The price band of the Rajputana Biodiesel IPO has been fixed at Rs 123 to Rs 130 per share. The minimum lot size for an application is 1,000 shares. The minimum amount of 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.
GYR Capital Advisors Private Limited is the book running lead manager of the Rajputana Biodiesel IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Rajputana Biodiesel IPO is Giriraj Stock Broking.
Rajputana Biodiesel Ltd’s revenue increased by 128 per cent and profit after tax (PAT) rose by 168 per cent between the financial year ending with March 31, 2024 and March 31, 2023.
