Rajputana Biodiesel IPO: Unlisted shares of Rajputana Biodiesel Ltd were trading at Rs 230 per share in the gray market on Monday, up by Rs 100 or 76.92 per cent from the issue price of Rs 100 per share.
Rajputana Biodiesel IPO.
Rajputana Biodiesel IPO GMP: Rajputana Biodiesel’s initial public offering, which is set to close on Thursday, has received 146 subscriptions so far. As of 10:47 am on the last day of bidding on Thursday, the Rs 24.70 crore SME IPO received 146.05 times subscription for 18,16,83,000 shares against 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 per piece.
So far, the Non-Institutional Investors segment has received 140.94 times subscription, while the Qualified Institutional Buyers (QIBs) segment has subscribed 1.56 times. The Retail Individual Investors (RIIs) category received 227.49 times subscription.
Rajputana Biodiesel Limited, founded in 2016, manufactures 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 per share in the gray market on Monday, which was Rs 100 or 76.92 per cent higher than the issue price of Rs 100 per share. A hefty GMP of Rs 100 indicates a blockbuster listing of the IPO.
GMP is based on market sentiment and changes. The ‘grey market premium’ indicates the willingness of investors to pay more than the issue price.
Rajputana Biodiesel IPO: More Details
The IPO is a fresh issue of fully 1.9 lakh shares.
The Rajputana Biodiesel IPO, which opened for subscription on November 26, will close on November 28, 2024. The allotment of its IPO will be finalized on Friday, November 29, 2024.
Rajputana Biodiesel is scheduled to list 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. Minimum lot size for application is 1,000 shares. The minimum investment amount for retail investors is Rs 1,30,000. Minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to Rs.2,60,000.
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 Stockbroking.
Rajputana Biodiesel Limited’s revenue grew by 128% and profit after tax (PAT) by 168% between the fiscal year ended March 31, 2024 and March 31, 2023.