Rajgor Castor Derivatives IPO-Rajgor Castor Derivatives’ initial public offering (IPO) auction was held from October 17, 2024, to October 20, 2024. On Thursday, October 26, 2024, the allotment for the Rajgor Castor Derivatives IPO was completed. Rajgor Castor Derivatives’ Initial Public Offering (IPO) is set to happen on Tuesday, October 31, 2024, on NSE SME. The IPO pricing range for Rajgor Castor Derivatives is ₹47 to ₹50 per share. A minimum lot size of three thousand shares is required for an application. Retail investors must make a minimum investment of ₹150,00. For HNI investments, a minimum lot size requirement is two lots, or 6,000 shares, totaling ₹300,000.
Bids were accepted for Rajgor Castor Derivatives’ initial public offering (IPO) from October 17, 2024, until October 20, 2024. The Rajgor Castor Derivatives IPO Allotment Status will be revealed on October 26, 2024. The refund period will start on October 27, 2024, and the shares will be refunded to the Demat account on October 30, 2024. October 31, 2024 is Rajgor Castor Derivatives’ first scheduled initial public offering (IPO). The IPO pricing range for Rajgor Castor Derivatives is ₹47 to ₹50 per share. Three thousand shares must be the minimum lot size for an application.
Rajgor Castor Derivatives IPO
The firm intends to raise 47.81 crores through an IPO. Rajgor Castor Derivatives IPO Allotment Limited is now producing Castor De-Oiled Cake, High Protein Castor De-Oiled Cake, and Refined Castor Oil First Stage Grade (F.S.G.) for the local market. The company’s revenue increased from ₹40.91 crores in 2022 to ₹428.87 crores in 2024. Each equity share in the IPO will cost between ₹47 and ₹50. The Rajgor Castor Derivatives initial public offering will be listed on the NSE.
This book-built offering is the Rajgor Castor Derivatives IPO Allotment, valued at Rs 47.81 crore. The offering consists of a new issuance of 88.95 lakh shares valued at Rs 44.48 crores and a 6.66 lakh share selling offer priced at Rs 3.33 crores. The IPO pricing range for Rajgor Castor Derivatives is ₹47 to ₹50 per share. A minimum lot size of three thousand shares is required for an application. The minimum investment required of retail investors is ₹150,00. A minimum lot size requirement of two lots, or 6,000 shares, totaling ₹300,000, is in place for HNI investments.
Rajgor Castor Derivatives IPO GMP Overview
| IPO Open | October 17, 2024 |
| IPO Close | October 20, 2024 |
| IPO Size | Approx ₹47.81 Crores, 9,561,000 Equity Shares |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹47 to ₹50 Per Equity Share |
| Basis of Allotment | October 26, 2024 |
| Refunds | October 27, 2024 |
| Credit to Demat Account | October 30, 2024 |
| IPO Listing Date | October 31, 2024 |
| Retail Quota | 35% of the net offer |
| QIB Quota | 50% of the net offer |
| NII Quota | 15% of the net offer |
| Category | Finance |
About Rajgor Castor Derivatives Limited
Founded in 2018, Rajgor Castor Derivatives Limited manufactures products based on castor oil for the Indian market.
The company sells the following goods:
- Grade for First Stage (F.S.G.) Castor Oil Refined: F.S.G. In order to comply with British Standards, castor oil is bleached.
- Numerous goods, including as paints, lubricants, medications, sealants, cable insulators, inks, rubber, and textiles, use it.
- In addition to being used as a skin moisturizer, eyelash and hair grower, constipation reliever, and immune system booster, it is also applied on food grains to protect them from fungi and insects.
- Castor cake (no oil): Castor seeds are crushed in an expeller to extract the oil, which is then heated to a certain temperature using steam.
- It is used as fertilizer due to its high concentrations of nitrogen, phosphoric acid, potash, and moisture retention.
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Rajgor Castor Derivatives Initial Public Offering GMP
The IPO GMP (grey market premium) for Rajgor Castor Derivatives is ₹12. The demand of the company getting ready for an IPO is taken into consideration while determining information on the grey market premium, sometimes referred to as the IPO GMP. The unregulated market legally gives way to the gray market when the price range and IPO date are disclosed. Before making an investment, investors always check the IPO GMP, albeit this might change according on the state of the market, demand, and subscriber count.
The amount that divides the IPO’s issue price from its trading price on the grey market is known as the IPO Grey Market Premium, or GMP for short. There is a period of time when shares are traded on the grey market without permission prior to the IPO being formally listed on stock exchanges for public trading. The buying and selling of shares over-the-counter, sometimes known as the “grey market,” is not done via stock exchanges.
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Investors & Offered Rajgor Castor Derivatives IPO Shares
9,439,000 equity shares will be issued by Rajgor Castor Derivatives as part of its first public offering (IPO). Institutional purchasers who meet the requirements will get 1,722,000 shares from the offering, 1,362,000 shares were held by non-institutional investors and 3,142,000 shares by retail investors.
Size IPO Lot Rajgor Castor Derivatives Limited
For ordinary investors interested in purchasing 3000 shares in a single lot during Rajgor Castor Derivatives’ first public offering, a minimum investment of ₹150,000 would be needed. Retail investors may apply for one lot at a time, with a maximum investment of ₹150,00.
Rajgor Castor Derivatives IPO Raises Anchor Investors
Rajgor Castor Derivatives IPO received contributions from anchor investors totaling Rs 13.56 crore. October 16, 2024 is the date of Rajgor Castor Derivatives’ IPO Anchor bid. Rajgor Castor Derivatives IPO Anchor Investors list:
| Bid Date | October 16, 2024 |
| Shares Offered | 2,712,000 |
| Anchor Portion Size (In Cr.) | 13.56 |
| The date on which the 50% share lock-in term ends is 30 days. | December 11, 2024 |
| The 90-day lock-in period for the remaining shares is the anchor. | March 5, 2024 |
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Rajgor Castor Derivatives Limited Company Goods Product
Refined Castor Oil First Stage Grade (F.s.g.)
- Specification of Refined Castor Oil
- Castorde-oilcake
Highproteincastorde-oiled cake
- Extraction of Oil
- Refining of Oil
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Initial Public Offering’s Goals
The Offer Proceeds from the New Issue will be used to finance the following objectives:
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Offer Expenses
Rajgor Castor Derivatives Limited IPO Competitive Strength
- Skilled Management Group Ensuring Quality Assurance and Control
- diversified clientele and business strategy
- Adaptable Business Plan
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How to Verify For Rajgor Castor Derivatives IPO Allotment Status 2024?
- To view the Rajgor Castor Derivatives IPO allotment page, visit Linkintime.com.
- From the drop-down menu bar, choose “Rajgor Castor Derivatives” as the IPO Name.
- Make a selection using the DP ID, application number, or PAN number.
- Provide a PAN, application, or demat account number, based on your option.
- Press the “Search” button.
- Your Rajgor Castor Derivatives IPO allocation status will be shown on the screen (desktop/mobile).
Conclusion
Rajgor Castor Derivatives IPO is generating a lot of buzz in the investment community. With a strong track record and a promising business model, Rajgor Castor Derivatives is poised for success in the market. The company specializes in the production and distribution of castor oil derivatives, which are essential ingredients in various industries such as pharmaceuticals, cosmetics, and lubricants. The demand for these products is expected to grow significantly in the coming years, driven by factors such as increasing consumer awareness of natural and sustainable alternatives.
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