Rajputana Biodiesel made its stock market debut on December 3, 2024, with an IPO price set at ₹130 per share. The shares were listed at ₹247 on the NSE SME platform. At 11:29 AM, Rajputana Biodiesel share price was trading at ₹259.35, with a 5% gain.
The SME IPO, worth ₹24.70 crore, was subscribed 718.81 times overall. The retail category was subscribed 746.57 times, while the QIB and NII categories were subscribed 177.38 times and 1,345.96 times, respectively, as of November 28, 2024.
According to the RHP, the company intends to utilise the net proceeds for the following purposes:
Rajputana Biodiesel is engaged in the manufacturing and supply of biofuels and their by-products, including glycerine and fatty acids. The company aims to enhance the value of its by-products and explore export opportunities for biodiesel.
Its manufacturing facility, located in Rajasthan, spans 4,000 square meters and has an installed production capacity of 30 kiloliters per day (KLPD). As of November 16, 2024, the product portfolio primarily includes biodiesel, glycerine, and fatty acids. The facility offers complete flexibility to process various feedstocks, adapting to market demands.
The company’s net worth reached ₹1,573.81 lakh by July 31, 2024, compared to ₹1,314.22 lakh on March 31, 2024, and ₹454.99 lakh as of March 31, 2023.
The company’s PAT for the period ending July 31, 2024, was ₹259.59 lakh, while for March 31, 2024, it was ₹452.43 lakh. For the fiscal years March 31, 2023, and March 31, 2022, PAT stood at ₹168.83 lakh and ₹19.97 lakh, respectively.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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