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Rajgor Castor Derivatives IPO is a book built issue of Rs 47.81 crores. The issue is a combination of fresh issue of 88.95 lakh shares aggregating to Rs 44.48 crores and offer for sale of 6.66 lakh shares aggregating to Rs 3.33 crores.
Rajgor Castor Derivatives IPO bidding started from October 17, 2023 and ended on October 20, 2023. The allotment for Rajgor Castor Derivatives IPO was finalized on Thursday, October 26, 2023. The shares got listed on NSE SME on October 31, 2023.
Rajgor Castor Derivatives IPO price band is set at ₹47 to ₹50 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹300,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Rajgor Castor Derivatives IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Rajgor Castor Derivatives IPO is Spread X Securities.
Refer to Rajgor Castor Derivatives IPO RHP for detailed information.
| IPO Date | October 17, 2023 to October 20, 2023 |
| Listing Date | October 31, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹47 to ₹50 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 9,561,000 shares (aggregating up to ₹47.81 Cr) |
| Fresh Issue | 8,895,000 shares (aggregating up to ₹44.48 Cr) |
| Offer for Sale | 666,000 shares of ₹10 (aggregating up to ₹3.33 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,020,852 |
| Share holding post issue | 23,915,852 |
| Market Maker portion | 501,000 shares Spread X Securities |
Rajgor Castor Derivatives IPO offers 9,439,000 shares. 1,722,000 (18.24%) to QIB, 1,362,000 (14.43%) to NII, 3,142,000 (33.29%) to RII 2,712,000 (28.73%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 2,712,000 (28.73%) |
| Market Maker Shares Offered | 501,000 (5.31%) |
| QIB Shares Offered | 1,722,000 (18.24%) |
| NII (HNI) Shares Offered | 1,362,000 (14.43%) |
| Retail Shares Offered | 3,142,000 (33.29%) |
| Total Shares Offered | 9,439,000 (100%) |
Rajgor Castor Derivatives IPO raises Rs 13.56 crore from anchor investors. Rajgor Castor Derivatives IPO Anchor bid date is October 16, 2023. Rajgor Castor Derivatives IPO Anchor Investors list
| Bid Date | October 16, 2023 |
| Shares Offered | 2,712,000 |
| Anchor Portion Size (In Cr.) | 13.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 25, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 24, 2024 |
Rajgor Castor Derivatives IPO opens on October 17, 2023, and closes on October 20, 2023.
| IPO Open Date | Tuesday, October 17, 2023 |
| IPO Close Date | Friday, October 20, 2023 |
| Basis of Allotment | Thursday, October 26, 2023 |
| Initiation of Refunds | Friday, October 27, 2023 |
| Credit of Shares to Demat | Monday, October 30, 2023 |
| Listing Date | Tuesday, October 31, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 20, 2023 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |
| Lot Size Calculator | |||
Mr. Brijeshkumar Vasantlal Rajgor, Mr. Vasantkumar Shankarlal Rajgor and Mr. Maheshkumar Shankarlal Rajgor are the company's promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue |
Incorporated in 2018, Rajgor Castor Derivatives Limited manufactures castor oil-based products for the Indian market.
The company's product list includes:
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.
Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
| Assets | 9,847.95 | 7,782.64 | 3,753.42 | 2,578.48 | 2,645.34 |
| Revenue | 11,276.10 | 42,887.35 | 4,091.30 | 1,100.69 | 1,497.33 |
| Profit After Tax | 192.57 | 554.47 | 52.19 | -180.18 | -97.02 |
| Net Worth | 2,558.24 | 2,365.55 | 201.90 | 149.71 | |
| Reserves and Surplus | 2,343.54 | 2,150.97 | 190.12 | 137.93 | 318.12 |
| Total Borrowing | 5,178.96 | 4,450.93 | 1,809.51 | 2,286.28 | |
| Amount in ₹ Lakhs | |||||
The market capitalization of Rajgor Castor Derivatives IPO is Rs 119.58 Cr.
| KPI | Values |
|---|---|
| ROE | 43.19% |
| ROCE | 22.97% |
| Debt/Equity | 1.88 |
| RoNW | 23.44% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 30.06 | |
| P/E (x) | 15.48 |
The Offer Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] RCDL is in the business of castor oil related derivatives that has huge and growing demand. The company scaled up its operations post the pandemic and is poised for bright prospects ahead. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for long-term rewards. Read detail review...
The Rajgor Castor Derivatives IPO is subscribed 107.43 times on October 20, 2023 7:29:00 PM. The public issue subscribed 80.70 times in the retail category, 35.52 times in the QIB category, and 260.01 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 35.52 |
| NII | 260.01 |
| Retail | 80.70 |
| Total | 107.43 |
Total Application : 84,517 (80.65 times)
| Listing Date | October 31, 2023 |
| BSE Script Code | |
| NSE Symbol | RCDL |
| ISIN | INE0BZQ01011 |
| Final Issue Price | ₹50 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹50.00 |
| ₹59.00 |
| ₹56.05 |
| ₹61.95 |
| ₹61.10 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: rajgorcastorderivatives.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Rajgor Castor Derivatives IPO is a SME IPO of 9,561,000 equity shares of the face value of ₹10 aggregating up to ₹47.81 Crores. The issue is priced at ₹47 to ₹50 per share. The minimum order quantity is 3000 Shares.
The IPO opens on October 17, 2023, and closes on October 20, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Rajgor Castor Derivatives IPO using UPI as a payment gateway. Zerodha customers can apply in Rajgor Castor Derivatives IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Rajgor Castor Derivatives IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Rajgor Castor Derivatives IPO opens on October 17, 2023 and closes on October 20, 2023.
Rajgor Castor Derivatives IPO lot size is 3000 Shares, and the minimum amount required is ₹150,000.
You can apply in Rajgor Castor Derivatives IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Rajgor Castor Derivatives IPO will be done on Thursday, October 26, 2023, and the allotted shares will be credited to your demat account by Monday, October 30, 2023. Check the Rajgor Castor Derivatives IPO allotment status.
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