What you must know about Rajgor Castor Derivatives IPO?
by 5paisa Research Team
10 Oct 2023
Listing Details
- Listing Exchange NSE SME
- Listing Date 31-Oct-23
- IPO Price Range ₹ 47 to ₹ 50
- Listing Price ₹ 59
- Listing Change 18.0%
- Last Traded Price ₹ 44.15
- Current Change -11.7%
Rajgor Castor IPO Details
- Open Date 17-Oct-23
- Close Date 20-Oct-23
- Lot Size 3000
- IPO Size ₹ 47.81 Cr
- IPO Price Range ₹ 47 to ₹ 50
- Min Investment ₹ 141000
- Listing Exchange NSE SME
- Basis of Allotment 26-Oct-23
- Refunds 27-Oct-23
- Credit to Demat Account 30-Oct-23
- Listing Date 31-Oct-23
Rajgor Castor Derivatives IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 17-Oct-23 | 10.76 | 1.49 | 5.627 | 6.16 |
| 18-Oct-23 | 10.78 | 3.85 | 13.70 | 10.74 |
| 19-Oct-23 | 10.79 | 10.30 | 26.27 | 18.49 |
| 20-Oct-23 | 35.52 | 260.01 | 80.70 | 107.43 |
Rajgor Castor IPO Synopsis
Rajgor Castor Derivatives Limited IPO is all set to open from 17th October to 20th October 2023. The company produces products based on castor oil. The IPO includes a fresh issue of 8,895,000 shares worth ₹44.48 cr and an Offer for Sale (OFS) of 666,000 equity shares worth ₹3.33 cr. The total IPO size is ₹47.81 cr. The share allotment date is 26th October, and the IPO will be listed on 31st October, on the stock exchanges. The price band is ₹47 to ₹50 per share and the lot size is 3000 shares.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for this IPO, while Link Intime India Private Ltd is the registrar.
Objectives of Rajgor Castor IPO:
Rajgor Castor Derivatives plans to utilize the raised capital from the IPO to:
● For working capital requirements.
● General corporate purpose.
● For public issue expenses.
About Rajgor Castor Derivatives
Established in 2018, Rajgor Castor Derivatives Limited produces products based on castor oil. Situated in Banaskantha, the company's manufacturing facility employs a workforce of over 60 employees as of July 31, 2023. Their product range includes:
● Refined Castor Oil First Stage Grade (F.S.G.): F.S.G. Castor Oil is a bleached version of Castor Oil, adhering to British Standard Specifications. It is used in various industries, including lubricants, paints, pharmaceuticals, cable insulators, sealants, inks, rubber, textiles, and more. It also serves various non-industrial purposes, such as constipation relief, eyelash and hair growth, skin moisturization, and immunity enhancement. Additionally, it is used to safeguard food grains from insects and fungi.
● Castor De-Oiled Cake: Produced by crushing castor seeds in an expeller while extracting oil at a controlled temperature with steam, this product has high nitrogen, phosphoric acid, potash content, and moisture-retaining qualities. It is widely used as a fertilizer.
● High Protein Castor De-Oiled Cake: This organic manure is used for soil fertility without causing any harm or decay.
Peer Comparison
● Jayant Agro Organics Limited
● NK Industries Limited
For More Information:
Webstory on Rajgor Castor Derivatives IPO
Rajgor Castor Derivatives IPO GMP
Rajgor Castor Derivatives Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue | 428.78 | 39.67 | 9.75 |
| EBITDA | 11.52 | 2.69 | -0.12 |
| PAT | 5.54 | 0.52 | -1.80 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 77.83 | 37.53 | 25.78 |
| Share Capital | 1.15 | 0.117 | 0.117 |
| Total Borrowings | 54.17 | 35.52 | 24.29 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | -40.19 | 7.34 | -0.89 |
| Net cash from / (used in) investing activities | -1.09 | -0.10 | -0.468 |
| Net cash flow from / (used in) financing activities | 40.96 | -7.00 | 1.67 |
| Net increase (decrease) in cash and cash equivalents | -0.32 | 0.238 | 0.314 |
Rajgor Castor IPO Key Points
-
Strengths
1. The company offers a diversified business model and customer base.
2. The company ensures high quality.
3. Its business model is customer-centric and scalable.
4. The management team is experienced.
-
Risks
1. The business is subject to seasonal volatility.
2. The revenues are highly dependent on operations in Gujarat.
3. Higher working capital requirements.
4. The company has reported losses in the past.
5. Negative cash flows in the past.
Rajgor Castor
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Rajgor Castor IPO FAQs
What is the minimum lot size and investment required for the Rajgor Castor Derivatives IPO?
The minimum lot size of Rajgor Castor Derivatives IPO is 3000 shares and the investment required is ₹1,41,000.
What is the price band of Rajgor Castor Derivatives IPO?
The price for Rajgor Castor Derivatives IPO is ₹47 to ₹50 per share.
When does the Rajgor Castor Derivatives IPO opens and closes?
Rajgor Castor Derivatives IPO opens from 17th October to 20th October 2023.
What is the size of the Rajgor Castor Derivatives IPO?
The size of Rajgor Castor Derivatives IPO is ₹47.81 cr.
What is the allotment date of the Rajgor Castor Derivatives IPO?
The share allotment date of Rajgor Castor Derivatives IPO is 26th October 2023.
What is the Rajgor Castor Derivatives IPO listing date?
The Rajgor Castor Derivatives IPO will be listed on 31st October 2023.
Who are the book runners for the Rajgor Castor Derivatives IPO?
Beeline Capital Advisors Pvt Ltd is the book-running lead manager for Rajgor Castor Derivatives IPO.
What is the objective of Rajgor Castor Derivatives IPO?
Rajgor Castor Derivatives plans to utilize the raised capital from the IPO to fund:
1. For working capital requirements
2. For general corporate purpose
3. For public issue expenses.
How to apply for the Rajgor Castor Derivatives IPO?
To apply for Rajgor Castor Derivatives IPO, follow the steps given below:
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and the price at which you wish to apply for the Rajgor Castor Derivatives IPO.
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
4. You will receive a mandate notification to block funds in your UPI app.
Contact Details of Rajgor Castor Derivatives IPO
Contact Information
Rajgor Castor Derivatives Limited
807, Titanium One, Nr. Pakwan Cross Road,
Nr. Shabri Water Works, S.G. Highway
Bodakdev, Ahmedabad-380054
Phone: +91 9898926368
Email: cs@rajgorcastor.com
Website: https://www.rajgorcastor.com/
Rajgor Castor Derivatives IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rajgorcastorderivatives.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Rajgor Castor Derivatives IPO Lead Manager
Beeline Capital Advisors Pvt Ltd.
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