Rajputana Biodiesel IPO

About Rajputana Biodiesel IPO

The Rajputana Biodiesel IPO is a book-built issue aiming to raise ₹24.70 crore through a fresh issue of 19 lakh equity shares. The IPO is open for subscription from November 26, 2024 to November 28, 2024, with the allotment finalisation scheduled for November 29, 2024. The shares are expected to be listed on the NSE SME platform on December 3, 2024.

The price band for the issue is set at ₹123 to ₹130 per share. Investors can apply in a minimum lot size of 1,000 shares, requiring a retail investment of at least ₹1,30,000. High Net-Worth Individuals (HNIs) must apply for a minimum of 2 lots (2,000 shares), amounting to ₹2,60,000.

GYR Capital Advisors Private Limited is the book-running lead manager, with Maashitla Securities Private Limited serving as the registrar. Giriraj Stock Broking acts as the market maker for the IPO.

Industry Outlook

1. India’s ethanol production nearly tripled between 2018 and 2023, reaching 12% blending (7% on energy basis), driven by supportive policies and diverse feedstock utilisation.
2. Achieving the 5% biodiesel target by 2030 requires 4.5 billion litres annually, supported by residue oil mobilisation, guaranteed pricing, and enhanced production infrastructure.

Rajputana Biodiesel IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Loan to the Subsidiary, Nirvaanraj Energy Private Limited at H No - 576, Sheel Kunj Ph - II, Roorkee Road, Dist. - Meerut, Meerut, Uttar Pradesh, India, 250001 (“NEPL”) for capital expenditure requirements towards the expansion of our existing manufacturing facility (the “Project”).
2. Funding the working capital requirements of the company.
3. General Corporate purposes.

About Rajputana Biodiesel Limited 

Rajputana Biodiesel Limited, established in 2016, specialises in the production and supply of biofuels and their by-products, including glycerine and fatty acids. The company operates from its state-of-the-art production facility located at G24 RIICO Industrial Area, Phulera, Rajasthan, spanning an area of 4,000 square metres.

With an approved production capacity of 30 kilolitres per day (kl/pd) and an installed capacity of 24 kl/pd, Rajputana Biodiesel is equipped to meet the growing demand for sustainable fuel alternatives. Its extensive product portfolio includes Bio-Diesel, Crude Glycerin, Caustic Potash Flakes, Used Cooking Oil, Esterified Fatty Acids, Methanol, Citric Acid, Refined Rice Oil, and more. The company also provides specialised services like semi-refining glycerine for other manufacturers.

By leveraging its advanced infrastructure and expertise, Rajputana Biodiesel supports sustainability goals. As of 31st July 2024, the company employs 30 permanent staff, ensuring efficient operations and delivery of high-quality biofuel products.

How To Check the Allotment Status of the Rajputana Biodiesel IPO?

A: Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How to apply for Rajputana Biodiesel IPO online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Rajputana Biodiesel IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Rajputana Biodiesel IPO 

Registered office: Jaipuria Mansion Panch Batti, M.I. Road, Jaipur, Rajasthan, India, 302001

Phone: +91- 9509222333

E-mail: cs@rajputanabiodiesel.com