Rajputana Biodiesel Limited (RBL), a company specializing in the production and distribution of biodiesel, is gearing up to launch its IPO on the SME platform of the National Stock Exchange (NSE). The IPO will open for subscription from November 26, 2024, to November 28, 2024. It comprises 19,00,000 equity shares with a face value of ₹10 each, entirely consisting of fresh issue shares. The price band for the IPO is set at ₹125 to ₹130 per share.
Rajputana Biodiesel Ltd. is an Indian company that produces biodiesel using raw materials like used cooking oil, animal fat, and vegetable oil. Focused on promoting clean energy, the company uses advanced technology to create high-quality, eco-friendly biodiesel with a low carbon footprint.
Rajputana Biodiesel has been recognized for its efforts in renewable energy and works with government agencies and research institutions to support the use of biodiesel as a sustainable alternative to fossil fuels.
Rajputana Biodiesel IPO Highlights
| Parameter | Details |
|---|---|
| IPO Opening Date | November 26, 2024 |
| IPO Closing Date | November 28, 2024 |
| Anchor Investor Bidding Date | November 25, 2024 |
| IPO Price Range | ₹125 to ₹130 |
| Face Value of Share | ₹10 per share |
| Net Issue Size Offered | 19,00,000 equity shares amounting up to ₹24.70 crore |
| Fresh Issue | 19,00,000 equity shares amounting up to ₹24.70 crore |
| Offer For Sale (OFS) | Not applicable (Fresh Issue) |
| Lot Size | 1,000 shares |
| Listing at | NSE |
| Issue Type | 100% Book Built Issue |
What is GMP of Rajputana Biodiesel IPO Today?
As of December 27, 2024, the Grey Market Premium (GMP) for the Rajputana Biodiesel IPO is ₹135. This indicates that the shares are expected to list at approximately ₹265 per share.
Note: GMP is an unofficial indicator and is based on market speculation; it does not guarantee actual listing performance.
Important Dates to Remember
| Event | Date |
|---|---|
| IPO Opening Date | November 26, 2024 (Tuesday) |
| IPO Closing Date | November 28, 2024 (Thursday) |
| Allotment Date | November 29, 2024 (Friday) |
| Refund Initiation | November 29, 2024 (Friday) |
| Credit of Shares in Demat Account | December 2, 2024 (Monday) |
| Listing Date | December 3, 2024 (Tuesday) |
Company's Financial Key Standings
| Period (Amount in ₹ Lakhs) | Quarter Ended July 2024 (Amount in ₹ Lakhs) | Financial Year 2024 (Amount in ₹ Lakhs) | Financial Year 2023 (Amount in ₹ Lakhs) | Financial Year 2022 (Amount in ₹ Lakhs) |
|---|---|---|---|---|
| Total Assets | 3618.66 | 3074.10 | 1026.47 | 448.25 |
| Total Revenue | 2779.18 | 5367.51 | 2354.06 | 1746.07 |
| Total Expense | 2388.12 | 4759.18 | 2126.79 | 1715.55 |
| Profit After Tax | 310.37 | 450.16 | 169.01 | 19.97 |
| Company’s Net Worth | 1573.81 | 1314.22 | 454.99 | -128.92 |
The company’s total assets increased from ₹448.25 Lakhs in FY 2022 to ₹3,074.10 Lakhs in FY 2024, showing steady growth. Revenue also grew from ₹1,746.07 Lakhs in FY 2022 to ₹5,367.51 Lakhs in FY 2024, reflecting the company’s expanding business. Profit After Tax improved from ₹19.97 Lakhs in FY 2022 to ₹450.16 Lakhs in FY 2024, showing better profitability. The company’s net worth went from ₹-128.92 Lakhs in FY 2022 to ₹1,314.22 Lakhs in FY 2024, showing strong financial recovery.
Company’s Key Metrics (FY 2024)
| Key Performance Indicator | Value |
|---|---|
| Return on Capital Employed (ROCE) | 11.00% |
| Price to Book Value (P/BV) | 4.24 |
| EBITDA Margin (%) | 15.18% |
| After Tax Profit Margin (%) | 9.71% |
| Debt to Equity Ratio | 1.26 |
| Return on Net Worth (RONW) | 16.49% |
| Net Asset Value (NAV) | ₹30.66 per share |
Lot Size and Application Amount
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹130,000 |
| Retail (Max) | 1 | 1,000 | ₹130,000 |
| HNI (Min) | 2 | 2,000 | ₹260,000 |
Reserve Quota For Different Category of Investors
| Investor Category | Reservation |
|---|---|
| Shares Reserved for QIB | 50% of the Net Issue |
| Shares Reserved for Retail Investors | 35% of the Net Issue |
| Shares Reserved for Non-Institutional Investors | 15% of the Net Issue |
Net Cash Flow Overview
| Net Cash Flow | For the Period Ended July 31, 2024 (Value in Lakhs) | March 31, 2024 (Value in Lakhs) | March 31, 2023 (Value in Lakhs) | March 31, 2022 (Value in Lakhs) |
|---|---|---|---|---|
| Net Cash Flow from Operating Activities | -25.17 | -745.07 | -116.55 | -52.77 |
| Net Cash Flow from Investing Activities | -82.26 | -332.61 | 52.38 | -32.54 |
| Net Cash Flow from Financing Activities | 14.94 | 1,373.30 | 123.65 | 298.57 |
State-Wise Revenue Generation
| State | FY 2023-24 (₹ in lakhs) | FY 2022-23 (₹ in lakhs) | FY 2021-22 (₹ in lakhs) |
|---|---|---|---|
| Rajasthan | 3,335.92 | 960.31 | 448.65 |
| Maharashtra | 1,340.72 | 706.05 | 891.93 |
| Uttar Pradesh | 1,062.52 | 77.97 | 107.46 |
| Gujarat | 299.99 | - | 36.13 |
| Punjab | 74.17 | 204.30 | 92.88 |
| Delhi | 113.21 | 56.12 | 71.43 |
| Haryana | 91.35 | 44.58 | 82.15 |
| Andhra Pradesh | 0.00 | 14.37 | - |
| Daman & Diu | 281.92 | 157.63 | - |
| Chhattisgarh | 50.64 | 94.97 | - |
| West Bengal | 2.94 | 22.12 | - |
| Karnataka | 21.78 | - | - |
| Assam | 0.32 | - | - |
| Total Revenue | 5,345.97 | 2,340.85 | 1,707.21 |
Revenue Breakdown: Government and Non-Government
| Entity Type | For the Period Ended July 31, 2024 (₹ in lakhs) | FY 2023-24 (₹ in lakhs) | FY 2022-23 (₹ in lakhs) | FY 2021-22 (₹ in lakhs) |
|---|---|---|---|---|
| Government | 2,340.92 | 2,840.29 | 615.41 | 0.00 |
| Non-Government | 331.32 | 2,505.68 | 1,725.44 | 1,707.21 |
| Total Revenue | 2,672.24 | 5,345.97 | 2,340.85 | 1,707.21 |
Peer Comparison: EPS, PE Ratio, and Face Value
| Company Name | EPS (₹) | P/E Ratio | Face Value (₹) |
|---|---|---|---|
| Kotyark Industries Ltd | 17.36 | 51.41 | 10.00 |
| Rajputana Bio Diesel | 5.06 | * | 10.00 |
Positives and Negatives of Rajesh Power IPO
Positives:
- The company has been growing its revenue steadily, which shows it’s doing well in the market.
- The company is actively working on adopting new technologies, which could help improve efficiency and margins in the future.
- It has strong customer reach, including both government and non-government sectors, which is a good thing for stability.
Negatives:
- While the company has a solid management team, there’s always the risk of changes in leadership affecting its direction.
- The company gets a significant portion of its revenue from a few key clients, which could be risky if anything happens with those relationships.
- There’s competition in the market, and the company may struggle to maintain its profit margins with new players entering the field.
- The company has taken on more debt, which might make it harder to handle financial issues down the line, especially if interest rates go up.
Our Verdict
Rajputana Biodiesel has shown solid financial performance and consistent growth in recent years, indicating that its operations are strong and it has a steady demand in the market. The company’s ability to manage large-scale projects effectively and its growth in Profit After Tax (PAT) reflect well on its operational efficiency and potential for continued growth.
However, it is important for investors to consider the risks associated with market volatility and specific industry challenges when evaluating this IPO.
In conclusion, Rajputana Biodiesel presents a strong long-term investment opportunity. It is advisable to thoroughly review the upcoming Red Herring Prospectus (RHP) to understand the company’s financial health and future growth plans before making any investment decisions.
Looking for more IPO reviews? Check out our IPO Dashboard for recent posts on other Main-board IPO & SME IPOs for the latest market updates.
Ready to apply? Start your IPO application here.
Popular Questions
- What is the opening and closing date for the Rajputana Biodiesel IPO?
The IPO opens on 26 November, 2024 (Monday) and closes on 28 November, 2024 (Wednesday).
2. What is the price band for the Rajputana Biodiesel IPO?
The price band for the Rajputana Biodiesel IPO is set between ₹125 and ₹130 per share.
3. What is the minimum lot size for retail investors in the Rajputana Biodiesel IPO?
Retail investors need to bid for a minimum of 1,000 shares, which amounts to an investment of ₹130,000.
4. Who are the lead managers for this IPO?
The lead managers for this IPO are GYR Capital Advisors Private Limited and Maashitla Securities Private Limited.
5. Who is the registrar for the Rajputana Biodiesel IPO?
The registrar is Bigshare Services Pvt. Ltd..
6. What are the main objectives of the IPO?
The funds will primarily be used for working capital requirements, general corporate purposes, and IPO-related expenses.
7. On which stock exchanges will the shares be listed?
The shares will be listed on the BSE SME Exchange.
8. What is the total issue size for the Rajputana Biodiesel IPO?
The total issue size is 19,00,000 equity shares worth ₹24.70 crore.
9. When will the allotment and refund process begin?
The allotment is scheduled for 3 December, 2024, and refunds will begin on 4 December, 2024.
10. When will the shares be credited to the Demat account?
Shares will be credited to investors’ Demat accounts on 4 December, 2024.
11. What is the expected listing date for the IPO?
The shares are expected to list on the stock exchange on 6 December, 2024 (Friday).
Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Rajptana Biodiesel IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
Don’t miss out on the latest IPOs – Click here to Find Upcoming IPOs.
“Invest Smarter, Faster – Click Here to Open Your Free Demat Account Today!”
“If this article was useful to you, feel free to share it with others who might find it helpful. Your feedback is important, so drop your questions or thoughts in the comments—we’d love to hear from you!”
Looking for the latest updates on upcoming IPOs? Explore detailed insights, expert reviews, and key information on these trending IPOs:
should we apply in this or not?