Rajputana Biodiesel Limited is coming up with an IPO with a fresh issue of 19,00,000 shares worth INR 24.70 crores. The company aims to support subsidiary expansion, enhance working capital, and fund general corporate needs effectively.
Rajputana Biodiesel IPO – Important Dates
| Rajputana Biodiesel Limited IPO Date | November 26, 2024 to November 28, 2024 |
| Rajputana Biodiesel Limited IPO Listing Date | December 3, 2024 |
| Rajputana Biodiesel Limited IPO Price | INR 125-130 per share |
| Rajputana Biodiesel Limited IPO Lot Size | 1000 Shares |
| Rajputana Biodiesel Limited IPO Total Issue Size | INR 24.70 crores |
| Rajputana Biodiesel Limited IPO Basis of Allotment | November 29, 2024 |
| Rajputana Biodiesel Limited IPO Initiation of Refunds | November 29, 2024 |
| Rajputana Biodiesel Limited IPO Credit of Shares to Demat | December 2, 2024 |
| Rajputana Biodiesel Limited IPO Issue Type | Book Built Issue IPO |
| Rajputana Biodiesel Limited IPO Listing At | NSE SME |
Read more about Rajputana Biodiesel Limited IPO GMP
Rajputana Biodiesel Limited IPO – Company Profile
Rajputana Biodiesel Limited operates a manufacturing unit in Phulera, Rajasthan, with a 24 KLPD capacity. The facility produces biodiesel, glycerine, and fatty acids. It is adaptable to multiple feedstocks and efficiently meets diverse market demands.
The company manufactures and supplies bio-fuels, including glycerol and fatty acids. It aims to enhance the value of its by-products and explore export opportunities for biodiesel, expanding its market reach and business potential.
The manufacturing unit in Phulera, Rajasthan, has a 30 KLPD capacity and produces biodiesel, glycerine, and fatty acids. The facility is adaptable and capable of handling multiple feedstocks efficiently to meet varying market demands.
Rajputana Biodiesel Ltd IPO Fundamental Analysis
Rajputana Biodiesel Limited’s financial analysis reveals a mixed performance. Revenue has shown a positive trend, while profitability and EPS have declined. The company exhibits growth potential, but increased reliance on debt raises concerns.
- Revenue Trend: The revenue increased from ₹1,707.21 lakhs in March 2022 to ₹2,340.85 lakhs in March 2023. The revenue for the current year’s 4-month period ending July 2024 is INR 1,806.28 lakhs.
- Equity and Liabilities: Both equities and liabilities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has increased, indicating rising reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly decreased from ₹19.97 lakhs in March 2022 to ₹2.09 lakhs by July 2024. This decline in profitability could be a source of concern among investors.
- Earnings per Share (EPS): The diluted EPS has reduced from ₹5.33 in March 2022 to ₹2.09 by July 2024, reflecting lower earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has risen from (15.49)% to 16.49%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Check out the other upcoming IPOs this month:
| Upcoming IPO | IPO Going Live |
| Rosmerta Digital Services Limited IPO | N/A |
| Avanse Financial Services Limited IPO | N/A |
| Nisus Finance Services Co Limited IPO | N/A |
| Rajesh Power Services Limited IPO | Nov 25, 2024 |
| Rajputana Biodiesel Limited IPO | Nov 26, 2024 |
| Apex Ecotech Limited IPO | Nov 27, 2024 |
| Abha Power and Steel Limited IPO | Nov 27, 2024 |
| Agarwal Toughened Glass India Limited IPO | Nov 28, 2024 |
| Ganesh Infraworld Limited IPO | Nov 29, 2024 |
Rajputana Biodiesel IPO Financial Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 July 2024 |
| Revenue (₹ in lakhs) | 1,707.21 | 2,340.85 | 1,806.28 |
| Equity (₹ in lakhs) | 133.92 | 454.99 | 1,224.76 |
| Expenses (₹ in lakhs) | 1,715.76 | 2,126.97 | 1,685.75 |
| Profit and Loss After Tax (₹ in lakhs) | 19.97 | 168.83 | 107.44 |
| Diluted EPS only (₹) | 5.33 | 3.87 | 2.09 |
| Return on Net Worth (%) | (15.49) | 37.11 | 16.49 |
| NAV per Equity Share (₹) | (34.38) | 9.85 | 30.66 |
| Total Assets (in lakhs) | 1,071.41 | 1,515.69 | 3,771.79 |
| Total Liabilities (in lakhs) | 939.55 | 1,060.7 | 2,767.2 |
| Debt Equity Ratio (in times) | (8.48) | 1.95 | 1.26 |
Rajputana Biodiesel Limited IPO Peer Comparison
Rajputana Biodiesel Limited and Kotyark Biodiesel Limited are involved in the biofuel industry, with Kotyark demonstrating significantly higher scale and profitability. Rajputana shows promising returns on equity, while Kotyark maintains a strong market presence and stability.
| Company | Total Income (₹ in lakhs) | Face Value per Equity Share (₹) | P/E Ratio | EPS (Basic & Diluted) (₹) | RoNW (%) | NAV Per Share |
| Rajputana Biodiesel Limited | 2,672.24 | 10 | – | 5.06 | 16.49 | 30.66 |
| Kotyark Biodiesel Limited | 19,712.38 | 10 | 51.41 | 17.36 | 11.56 | 150.06 |
Rajputana Biodiesel Ltd IPO Objective
The main objective of Rajputana Biodiesel Limited is to provide a loan to its subsidiary, Nirvaanraj Energy, for manufacturing expansion and to secure funds for the company’s working capital requirements to support ongoing operations.
- Loan to their Subsidiary, Nirvaanraj Energy Private Limited at H No – 576, Sheel Kunj Ph – II, Roorkee Road, Dist. – Meerut, Meerut, Uttar Pradesh, India, 250001 (“NEPL”) for capital expenditure requirements towards expansion of their existing manufacturing facility (the “Project” ): The company intends to utilize INR 4.20 crores for capital expenditures, covering machinery purchase, erection, commissioning, and refining processes such as bleaching and deacidification, aimed at enhancing biodiesel, fatty acids, and glycerine production quality.
- Funding working capital requirements of the company: The company intends to utilize INR 12.20 crores from the IPO proceeds to fund its working capital requirements for Fiscal 2025, complementing borrowings of INR 10.67 crores and internal accruals of INR 9.98 crores.
- General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including maintenance of plants and machinery, business development, employee expenses, marketing, brand building, insurance, taxes, duties, and other corporate contingencies.
Rajputana Biodiesel IPO Risks And Challenges
Rajputana Biodiesel Limited’s risk includes regulatory non-compliance leading to penalties or license suspensions, challenges obtaining necessary approvals and renewals, and resistance from conventional fuel users due to required equipment changes, though management expects minimal disruption.
- The company operates in a regulated industry, subject to Bio-fuel Authority and Rajasthan State Government regulations. Non-compliance could lead to penalties, suspension of licenses, or revocation of approvals, adversely impacting operations and financial conditions.
- The company requires various statutory approvals, licenses, and renewals to operate. Failure to renew or comply with conditions could lead to delays, suspensions, or revocations, adversely impacting operations, financial condition, and results.
- Due to required equipment changes and adaptation, the company may face resistance from conventional fuel users. However, management believes that the transition to biofuel involves minimal adjustments and offers significant benefits despite initial challenges.
Rajputana Biodiesel Ltd IPO – Industry & Market Potential
Biofuel demand is growing in emerging economies like Brazil, Indonesia, and India due to supportive policies and abundant feedstocks. Biofuels complement electric vehicles, contributing to emission reductions in transport, but global production must triple by 2030 to meet goals.
India has become a significant biofuel producer and consumer through coordinated policies, political support, and abundant feedstocks. The National Policy on Biofuels sets ambitious blending targets, guaranteed pricing, and financial support, advancing ethanol blending to 2025-26.
India plans to blend 1% biojet fuel for international flights by 2027 and 2% by 2028, requiring 100 million liters annually. Future growth may come from technologies like alcohol-to-jet and waste conversion, with India’s leadership supporting global biofuel efforts.
Rajputana Biodiesel Limited IPO – Type of Offer
Rajputana Biodiesel Limited is coming up with an IPO with a fresh issue of 19,00,000 shares worth INR 24.70 crores. The company aims to support subsidiary expansion, enhance working capital, and fund general corporate needs effectively.
Rajputana Biodiesel IPO Offer Size
The offer size of Rajputana Biodiesel Limited is INR 24.70 crore, consisting of a fresh issue of 19,00,000 shares. The company aims to support subsidiary expansion, enhance working capital, and fund general corporate needs effectively.
Rajputana Biodiesel Limited IPO Allotment Structure
Rajputana Biodiesel Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 141,000 shares are reserved for market makers.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs.
● Market Maker Reservation: A portion of shares, i.e. 141,000 shares, are reserved for market makers.
Read more about Rajputana Biodiesel IPO Allotment Status
How to apply for Rajputana Biodiesel IPO?
To apply for the Rajputana Biodiesel Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Rajputana Biodiesel Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Rajputana Biodiesel Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
Read more about Rajputana Biodiesel IPO Day 1 Subscription Status
How do you check Rajputana Biodiesel IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Rajputana Biodiesel Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Rajputana Biodiesel Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Rajputana Biodiesel Limited IPO:
● Registrar’s Website: Visit the website of Maashitla Securities Private Limited, the registrar of the Rajputana Biodiesel Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Read more about Rajputana Biodiesel IPO Day 2 Subscription Status
Rajputana Biodiesel Ltd IPO Offer Registrar
The registrar for the Rajputana Biodiesel Limited IPO is Maashitla Securities Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Maashitla Securities Private Limited
451, Krishna Apra Business Square,
Netaji Subhash Place,
Pitampura,Delhi -110034, India
Telephone: 011-45121795
Email: [email protected]
Website: www.maashitla.com
Rajputana Biodiesel IPO – FAQs
1. What is the allotment date of the Rajputana Biodiesel IPO?
The allotment date of the Rajputana Biodiesel is November 29, 2024.
2. What is the price band of the Rajputana Biodiesel IPO?
The price band of the issue is the Rajputana Biodiesel is INR 125-130 crores.
3. What is the size of the Rajputana Biodiesel IPO?
The offer size of Rajputana Biodiesel Limited is INR 24.70 crore, consisting of a fresh issue of 19,00,000 shares. The company aims to support subsidiary expansion, enhance working capital, and fund general corporate needs effectively.
4. What is the listing date of the Rajputana Biodiesel IPO?
The listing date of the Rajputana Biodiesel is December 3, 2024.
5. Where is the Rajputana Biodiesel IPO Getting Listed?
Rajputana Biodiesel is getting listed on the National Stock Exchange (NSE) and the Small Medium Exchange (SME).
6. What are the open and close dates of the Rajputana Biodiesel Limited IPO?
The open and close dates of the Rajputana Biodiesel Limited are November 26, 2024, and November 28, 2024, respectively.
7. How to apply for Rajputana Biodiesel Ltd IPO in Alice Blue?
To apply for the Rajputana Biodiesel Limited IPO via Alice Blue, open a Demat and trading account, check IPO details, bid within the price band, and submit your application. Afterward, check the allotment status, noting that allotment is based on demand.
8. Who is the Book Runner for the Rajputana Biodiesel IPO?
The Book Runner for the Rajputana Biodiesel is GYR Capital Advisors Private Limited.
