IPO Issue Details
Issue Price / Price Band₹50 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size95,61,000 shares (aggregating up to ₹47.81 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenTue, 17 Oct 2023
Subscription CloseFri, 20 Oct 2023
Anchor AllotmentMon, 16 Oct 2023
Basis of AllotmentThu, 26 Oct 2023
Initiation of RefundsFri, 27 Oct 2023
Credit of Shares to DematMon, 30 Oct 2023
Listing DateTue, 31 Oct 2023
UPI Mandate Deadline2023-10-20
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 3,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 6,000 shares
EPS (Pre-IPO)₹30.06
P/E Ratio (Pre-IPO)1.66x
P/E Ratio (Post-IPO)15.48x
Net Offer to Public90,60,000 shares (aggregating up to ₹45.30 Cr)
Reserved for Market Maker5,01,000 shares (aggregating up to ₹2.51 Cr)
Pre-IPO Promoter Holding1,50,20,852 shares
Post-IPO Promoter Holding2,39,15,852 shares
Fresh Issue Shares83,94,000 shares (aggregating up to ₹41.97 Cr)
Offer for Sale Shares6,66,000 shares of ₹10 (aggregating up to ₹3.33 Cr)
About Rajgor Castor Derivatives Ltd.
Incorporated in 2018, Rajgor Castor Derivatives Limited manufactures castor oil-based products for the Indian market.The company's product list includes:Refined Castor Oil First Stage Grade (F.S.G.): F.S.G. Castor Oil is Castor Oil bleached to British Standard Specifications. It is used in Lubricants, Paints, Pharmaceuticals, Cable insulators, Sealants, Inks, Rubber and Textiles, etc. It is also used to relief Constipation, Eyelashes growth, Hair grow, Skin moisturiser ad to improve immunity function as well as for applying on food grains to protect from insects/fungi.Castor De-Oiled Cake: It is produced by crushing castor seeds in an expeller to extract oil from it at a controlled temperature with the help of steam. It is used as a fertilizer because of the high content of Nitrogen, Phosphoric Acid, Potash, and moisture retention.High Protein Castor De-Oiled Cake: It is an organic manure that enhances the fertility of the soil without causing any damage or decay.The company's manufacturing unit is located in Banaskantha. As of July 31, 2023, the company employs over 60 employees.Rajgor Castor Derivatives' clientele includes manufacturers of Lubricants, Paints, Pharmaceuticals, Cable insulators, Sealants, Inks, Rubber, and Textiles, farmers and manufacturers of organic fertilizers, poultry farms, and manufacturers of organic fertilizers.
Objects of the Issue
Rajgor Castor Derivatives Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
To Meet Working Capital Requirements
29.92
2
General Corporate Purpose
10.74
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,50,20,852 shares
Post-IPO Promoter Holding
2,39,15,852 shares