Discover the Rajgor Castor Derivatives IPO, a remarkable opportunity in the financial market, with a total issue size of Rs 47.81 crores. This IPO comprises a fresh issue of 88.95 lakh shares, amounting to Rs 44.48 crores, and an offer for sale of 6.66 lakh shares, totaling Rs 3.33 crores.
Investors can participate in this offering within a price band of ₹47 to ₹50 per share. The minimum application lot size is 3000 shares, requiring a minimum investment of ₹150,000 for retail investors. High Net Worth Individuals (HNI) can invest in 2 lots (6,000 shares) with a total investment of ₹300,000.
The Rajgor Castor Derivatives IPO is managed by Beeline Capital Advisors Pvt Ltd, serving as the book running lead manager, and Link Intime India Private Ltd, acting as the registrar for the issue. Spread X Securities has been designated as the market maker for this IPO.
Don’t miss this opportunity to be a part of the Rajgor Castor Derivatives IPO and potentially secure your financial future. Subscribe now!
Rajgor Castor Derivatives IPO Details
| IPO Date | October 17, 2023 to October 20, 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 |
Rajgor Castor Derivatives IPO Dates
Subscription for the Rajgor Castor Derivatives IPO began on October 17, 2023, and concluded on October 20, 2023. Allotment details are anticipated to be finalized by Thursday, October 26, 2023. The IPO is scheduled to be listed on NSE SME on Tuesday, October 31, 2023.
| Event | Tentative Date |
|---|---|
| Basis of Allotment | October 26, 2023 |
| Initiation of Refunds | October 27, 2023 |
| Credit of Shares to Demat | October 30, 2023 |
| Listing Date | October 31, 2023 |
Rajgor Castor Derivatives IPO Lot Size
Explore Your Investment Options: Interested investors have the flexibility to bid for a minimum of 3000 shares and increase their investment in multiples of this figure. Refer to the table below to understand the minimum and maximum investment opportunities available for both retail and High Net Worth Individual (HNI) investors, including the corresponding number of shares and investment amounts.
The IPO is being offered through the BSE SME Exchange. Investors can apply for shares through a broker or through a digital platform such as the BSE SME Easy.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |
Objects of the Rajgor Castor Derivatives IPO
The Offer Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements
- General Corporate Purpose.
- To meet Public Offer Expenses.
About Rajgor Castor Derivatives Limited IPO
Established in 2018, Rajgor Castor Derivatives Limited is a leading manufacturer of castor oil-based products catering to the Indian market.
Our diverse product portfolio encompasses:
- Refined Castor Oil First Stage Grade (F.S.G.): F.S.G. Castor Oil undergoes a meticulous bleaching process, meeting British Standard Specifications. This versatile product finds application in various industries, including lubricants, paints, pharmaceuticals, cable insulators, sealants, inks, rubber, textiles, and more. Beyond industrial use, it serves multiple purposes, from constipation relief to eyelash and hair growth, skin moisturization, and even enhancing immunity. Additionally, it can be applied to food grains to protect them from insects and fungi.
- Castor De-Oiled Cake: Produced by extracting oil from crushed castor seeds through a controlled temperature process with steam, this product is an excellent fertilizer. It boasts a high content of Nitrogen, Phosphoric Acid, Potash, and moisture retention properties, making it an ideal choice for soil enrichment.
- High Protein Castor De-Oiled Cake: This organic manure is an environmentally-friendly solution that enhances soil fertility without causing harm or decay.
Our state-of-the-art manufacturing facility is situated in Banaskantha. As of July 31, 2023, our dedicated team comprises over 60 skilled employees.
Rajgor Castor Derivatives proudly serves a diverse clientele, including manufacturers of lubricants, paints, pharmaceuticals, cable insulators, sealants, inks, rubber, textiles, as well as farmers and organic fertilizer manufacturers. Our products are also valued by poultry farms for their quality and effectiveness. We are committed to delivering top-quality castor oil-based solutions to meet the needs of various industries and agriculture.