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SME IPO Status: Listed [17th Oct 2023 to 20th Oct 2023]
Rajgor Castor Derivatives Limited is offering an SME IPO which issue size of 9,561,000 equity shares worth of Rs 47.81 Cr. You can apply in this IPO application from the subscription period of 17 Oct 2023 to 20 Oct 2023. The face value of the shares is Rs 10 per share and the offer price for this SME IPO is ranging from Rs 47 to Rs 50 per share along with the minimum lot size of 3000 shares or it’s multiple.
Stay tuned for more information on Rajgor Castor Derivatives Limited IPO, including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 17th Oct 2023 |
| SME IPO Issue Closing Date: | 20th Oct 2023 |
| SME IPO Issue Price: | ₹47.00-50.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹47.81 Cr |
| Offer for Sale: | ₹3.33 Cr |
| Fresh Issue: | ₹44.48 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | RCDL |
Get important updates regarding Rajgor Castor Derivatives SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 26th Oct 2023 |
| Refunds Initiation* | 27th Oct 2023 |
| Credit of Shares to Demat* | 30th Oct 2023 |
| SME IPO Listing Date* | 31st Oct 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹47.00-50.00 |
| Market Lot: | 3000 Shares |
| 1 Lot Amount: | ₹150000 |
| Min HNI Lots: | 6000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 31-10-2023 | 50.00 | 5 | 11400 | ₹55 (10%) | 31-Oct-2023 11:02 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Rajgor Castor Derivatives Limited was established in June 2018. Rajgor Castor Derivatives Limited has started manufacturing refined castor oil First Stage Grade (F.S.G.), deoiled castor cake and deoiled castor cake with high protein content for the domestic market. The company currently operates under a B2B business model, offering castor oil and its derivatives to its customers. As it is currently a B2B business model, it focuses on activities related to quality control, inventory management and business development. As a customer-oriented company, the main focus is to achieve maximum customer satisfaction by offering quality products. The company always strives to offer products that provide customers with the desired design, workmanship and quality. In addition, the company helps to maintain friendly relations with its customers through ethical trade practises, transparent business relationships and timely delivery of products.
Castor oil is a yellow, viscous liquid with no suspended solids and is insoluble in water. It is produced by refining commercial castor oil after it has been bleached and filtered. Castor oil has numerous industrial applications and is used in lubricants, paints, pharmaceuticals, cable insulators, sealants, printing inks, rubber and textiles, etc. It is also used to relieve constipation, grow eyelashes and hair, moisturise the skin and strengthen the immune system. It is also applied to food grains for protection against insects and fungi.
Test laboratories are located on the premises of the production units. The production unit has a fully equipped quality control department with experienced staff to ensure a smooth manufacturing process. The company has an in-house testing laboratory and the necessary infrastructure to test its raw materials and finished products to ensure that they meet quality standards and satisfy the requirements of each customer. All products are manufactured in strict compliance with quality standards, utilising the expertise of its experienced team to provide customers with high quality products at competitive prices. The company has established itself in both domestic and global markets. It supplies its products in states like Gujarat, Delhi, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh and Uttarakhand.
| Incorporation | Sector | IPO Issue Size | Website |
| 2018 | Manufacturing and Exporter of castor oil | ₹47.81 Cr | https://www.rajgorcastor.com/ |
The Offer Proceeds from the Fresh Issue will be utilized towards the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,722,000 (27.66%) | 1,362,000 (21.88%) | 3,142,000 (50.47%) | 6,226,000 | |
| 1 | 17th Oct 2023 19:31 | 10.76x | 1.49x | 5.67x | 6.16x |
| 2 | 18th Oct 2023 19:31 | 10.78x | 3.87x | 13.79x | 10.79x |
| 3 | 19th Oct 2023 19:31 | 10.79x | 10.35x | 26.56x | 18.65x |
| 4 | 20th Oct 2023 19:31 | 35.52x | 260.01x | 80.70x | 107.43x |
Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
| Assets | 9,847.95 | 7,782.64 | 3,753.42 | 2,578.48 | 2,645.34 |
| Revenue | 11,276.10 | 42,887.35 | 4,091.30 | 1,100.69 | 1,497.33 |
| Profit After Tax | 192.57 | 554.47 | 52.19 | -180.18 | -97.02 |
| Net Worth | 2,558.24 | 2,365.55 | 201.90 | 149.71 | |
| Reserves and Surplus | 2,343.54 | 2,150.97 | 190.12 | 137.93 | 318.12 |
| Total Borrowing | 5,178.96 | 4,450.93 | 1,809.51 | 2,286.28 | |
| Amount in ₹ Lakhs | |||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Rajgor Castor Derivatives Limited | 30.06 | 15.75 | 23.44 | Standalone | ||
| Jayant Agro Organics Limited | 14.02 | 140.07 | 10.47 | 10.01 | Standalone | |
| NK Industries Limited | -2.68 | -567.88 | Standalone |
Last Updated on 04-Nov-2023 06:03:01
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Rajgor Castor Derivatives SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Rajgor Castor Derivatives SME IPO with Zerodha.
Alternate approch to apply in Rajgor Castor Derivatives SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Rajgor Castor Derivatives SME IPO Review and Important Updates
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To subscribe or apply in Rajgor Castor Derivatives SME IPO, you can use the following methods:
| Rajgor Castor Derivatives SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Rajgor Castor Derivatives SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Rajgor Castor Derivatives SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Rajgor Castor Derivatives SME IPO. Most of the Syndicate Banks provide access to apply in Rajgor Castor Derivatives IPO via ASBA process. You must have your net banking access, DP ID information to apply in Rajgor Castor Derivatives SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Rajgor Castor Derivatives SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Rajgor Castor Derivatives SME IPO Review and Important Updates
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Rajgor Castor Derivatives SME IPO is going to be list on 31-10-2023. NSE Code for Rajgor Castor Derivatives is RCDL.
Other relevant questions:
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Rajgor Castor Derivatives SME IPO Allotment Date is 26-10-2023.
Other relevant questions:
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