{"id":5074,"date":"2024-11-20T10:34:19","date_gmt":"2024-11-20T05:04:19","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5074"},"modified":"2024-11-20T10:34:21","modified_gmt":"2024-11-20T05:04:21","slug":"rajputana-biodiesel-ipo-to-open-on-november-26-key-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/rajputana-biodiesel-ipo-to-open-on-november-26-key-details\/","title":{"rendered":"Rajputana Biodiesel IPO to Open on November 26: Key Details"},"content":{"rendered":"\n<p>Jaipur-based bio-fuel producer, Rajputana Biodiesel, is entering the capital market with an initial public offer to raise \u20b924.7 crore commencing on November 26, 2024 and will remain open for public subscription up to November 28. Its issues are priced in the range of \u20b9123-\u20b9130 per share. Listing will take place on December 3, on NSE Emerge.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">IPO Structure<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Issue Size<\/strong>: Fresh issue of <strong>19 lakh equity shares<\/strong>, raising \u20b924.7 crore.<\/li>\n\n\n\n<li><strong>Lot Size<\/strong>: Investors must bid for a minimum and maximum of <strong>1,000 shares<\/strong>, amounting to \u20b91.3 lakh per lot. Retail investors cannot invest more than \u20b92 lakh.<\/li>\n\n\n\n<li><strong>Allocation<\/strong>:\n<ul class=\"wp-block-list\">\n<li><strong>50%<\/strong> reserved for Qualified Institutional Buyers (QIBs).<\/li>\n\n\n\n<li><strong>35%<\/strong> for retail investors.<\/li>\n\n\n\n<li><strong>15%<\/strong> for Non-Institutional Investors (NIIs).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Fund Utilization<\/h3>\n\n\n\n<p>The IPO proceeds will be allocated as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u20b94.2 crore<\/strong>: Loan to its subsidiary, <strong>Nirvaanraj Energy<\/strong>, to expand its Uttar Pradesh manufacturing facility.<\/li>\n\n\n\n<li><strong>\u20b912.2 crore<\/strong>: Working capital requirements.<\/li>\n\n\n\n<li><strong>Remaining funds<\/strong>: General corporate purposes.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Business Overview<\/h3>\n\n\n\n<p>Rajputana Biodiesel operates from Rajasthan with an installed production capacity of <strong>24 kilolitres per day (KLPD)<\/strong>. The company specializes in bio-fuels and by-products like <strong>glycerine and fatty acids<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Other Details<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>GYR Capital Advisors will manage the IPO<\/strong> as the merchant banker.<\/li>\n\n\n\n<li>The company\u2019s strategic growth plans include expansion in Uttar Pradesh through its subsidiary.<\/li>\n<\/ul>\n\n\n\n<p>Investors looking for green energy and bio-fuel opportunities may consider this offering as a potential investment.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sub><sup>Source: <a href=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/rajputana-biodiesel-ipo-to-open-on-november-26-price-band-at-rs-125-130-per-share-12870744.html\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.moneycontrol.com\/news\/business\/ipo\/rajputana-biodiesel-ipo-to-open-on-november-26-price-band-at-rs-125-130-per-share-12870744.html\" rel=\"noreferrer noopener\">Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jaipur-based bio-fuel producer, Rajputana Biodiesel, is entering the capital market with an initial public offer to raise \u20b924.7 crore commencing on November 26, 2024 and will remain open for public subscription up to November 28. Its issues are priced in the range of \u20b9123-\u20b9130 per share. Listing will take place on December 3, on NSE [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[55],"tags":[703],"class_list":["post-5074","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo-news","tag-rajputana-biodiesel-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5074"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5074\/revisions"}],"predecessor-version":[{"id":5076,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5074\/revisions\/5076"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5075"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}