Rajputana Biodiesel Limited
Jaipuria Mansion Panch Batti,
M.I. Road, Jaipur - 302001
Phone: +91- 9509222333
Email: cs@rajputanabiodiesel.com
Website: https://rajputanabiodiesel.com/
Last updated on 28-Nov-2024 18:30:03
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 345000 | 61197000 | 177.38 |
| NIB | 270000 | 363562000 | 1346.53 |
| RETAIL | 629000 | 469690000 | 746.72 |
| Total | 1244000 | 894449000 | 719.01 |
| Application Wise Breakup | |
|---|---|
| Category | App. Received |
| QIB | 92 |
| NIB | 43045 |
| RETAIL | 469690 |
| Total | 512827 |
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIB | 4.49 | 795.56 | 177.38 |
| NIB | 3.51 | 4726.31 | 1346.53 |
| RETAIL | 8.18 | 6105.97 | 746.72 |
| Total | 16.17 | 11627.84 | 719.01 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹30.96 | @8% ₹35.38 | @9% ₹39.8 | @10% ₹44.22 | @11% ₹48.65 | @12% ₹53.07 |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹235 | @8% ₹268.57 | @9% ₹302.14 | @10% ₹335.71 | @11% ₹369.28 | @12% ₹402.85 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1000 | 130000 | 629 |
| HNI | 2 | 2000 | 260000 | 270 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.11% | 629000 |
| NII (HNI) | 14.21% | 270000 |
| Anchor | 27.11% | 515000 |
| QIB | 18.16% | 345000 |
| Market Maker | 7.41% | 141000 |
| Total | 100.00% | 1900000 |
IPO Details
| Issue Size | 19,00,000 shares (aggregating up to 24.70 Cr) |
| Fresh Issue | 19,00,000 shares (aggregating up to 24.70 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 51,33,500 |
| Share holding post issue | 70,33,500 |
| Market Maker portion | 141000 Shares |
| Market Maker | Giriraj Stock Broking |
Key Performance Indicators
| KPI | Jul-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 11.00% | 22.19% | 22.01% |
| RONW | 16.49% | 34.43% | 37.11% |
| D/E | 1.26 | 1.46 | 1.95 |
| EPS (basic) | 5.06 | 9.16 | 3.87 |
| P/E Pre IPO | 14.75 | ||
| P/E Post IPO | 11.74 |
Financial Statement (Restated) In Lakhs.
| Period Ended | Jul-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Assets | 4,626 | 3,995 | 1,516 | 1,071 |
| Revenue | 2,779 | 5,368 | 2,354 | 1,746 |
| Profit After Tax | 260 | 452 | 169 | 20 |
| Net Worth | 1,574 | 1,314 | 455 | -129 |
| Reserves and Surplus | 1,050 | 801 | -7 | -131 |
| Total Borrowing | 1,989 | 1,914 | 887 | 1,094 |
About Company
Founded in 2016, Rajputana Biodiesel Limited is engaged in the production and supply of biofuels and their by-products, including glycerine and fatty acids. Operating from a 4,000-square-meter production facility at G24 RIICO Industrial Area, Phulera, Rajasthan, the company boasts an approved production capacity of 30 kiloliters per day (kl/pd) and an installed capacity of 24 kl/pd. Its diverse product portfolio includes Bio-Diesel, Crude Glycerin, Caustic Potash Flakes, Waste Sludge, Used Cooking Oil, Esterified Fatty Acid, Methanol, Citric Acid, Refined Rice Oil, Crude Sunflower Oil, Sodium Methoxide, RBD Palm Stearin, and fats. The company also offers job work services for semi-refining glycerine on behalf of other manufacturers. With a workforce of 30 permanent employees as of July 31, 2024, Rajputana Biodiesel Limited continues to contribute to renewable energy initiatives, offering innovative solutions to promote sustainability.
Strength
Experienced Promoters and Management Team: The company benefits from a skilled leadership team with extensive expertise in the biodiesel and renewable energy sector.
Established Customer Relationships: Rajputana Biodiesel has developed long-standing partnerships with customers, ensuring consistent demand and trust in its products.
Efficient Operations: Backed by a capable operational team and advanced infrastructure, the company ensures high-quality production and optimized efficiency.
looks good for listing gain i may be wrong
Weakness
Dependence on Government Policies: Changes in government regulations or failure to comply with applicable rules could negatively impact the company's operations and financial performance.
Approval and Licensing Requirements: Inability to obtain, renew, or maintain necessary permits and licenses may disrupt business operations.
Resistance to Adoption: Transitioning users from conventional fossil fuels to biodiesel may face challenges, potentially limiting market growth.