Rajgor Castor Derivatives Limited IPO
₹47 - ₹50
3000
107.43
| Open Date: | 17-Oct-2023 |
| Close Date: | 20-Nov-2023 |
| Allotment Date: | 26-Oct-2023 |
| Listing Date: | 31-Oct-2023 |
| Listing Price: | ₹47.5/- |
| Face Value: | ₹10 Per Equity Share |
| Issue Price: | ₹47-50 Per Equity Share |
| Issue Size: | Total Issue Size 9,561,000 shares (aggregating up to ₹47.81 Cr) : Fresh Issue 8,895,000 shares (aggregating up to ₹44.48 Cr) : Offer for Sale 666,000 shares of ₹10 (aggregating up to ₹3.33 Cr) |
| Market Lot (Min Amount): | Retail - ₹150,000 : HNI - ₹300,000 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 1,722,000 | 1,362,000 | 3,142,000 | 6,226,000 |
| Day 1 - 17-10-23 05:00 PM | 10.76x | 1.49x | 5.67x | 6.16x |
| Day 2 - 18-10-23 05:00 PM | 10.78x | 3.87x | 13.79x | 10.79x |
| Day 3 - 19-10-23 05:00 PM | 10.79x | 10.35x | 26.56x | 18.65x |
| Day 3 - 20-10-23 05:00 PM | 35.52x | 260.01x | 80.70x | 107.43x |
| Total No. of Application: | 84,517 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 80.65x | |||
| Earning Per Share(EPS) | ₹30.06/- |
| P/E Ratio | 15.48 |
| RoNW | 23.44% |
| Net Asset Value (NAV) - Post Issue: | ₹N/A/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Jun,2023 | 9,847.95 | 11,276.10 | 192.57 |
| 31 Mar,2023 | 7,782.64 | 42,887.35 | 554.47 |
| 31 Mar,2022 | 3,753.42 | 4,091.30 | 52.19 |
| 31 Mar,2021 | 2,578.48 | 1,100.69 | -180.18 |
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | N/A |
| 1. Mr. Brijeshkumar Vasantlal Rajgor |
| 2. Mr. Vasantkumar Shankarlal Rajgor |
| 3. Mr. Maheshkumar Shankarlal Rajgor |
The Offer Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Offer Expenses
Incorporated in 2018, Rajgor Castor Derivatives Limited manufactures castor oil-based products for the Indian market.
The company's product list includes:
- Refined Castor Oil First Stage Grade (F.S.G.): F.S.G. Castor Oil is Castor Oil bleached to British Standard Specifications. It is used in Lubricants, Paints, Pharmaceuticals, Cable insulators, Sealants, Inks, Rubber and Textiles, etc. It is also used to relief Constipation, Eyelashes growth, Hair grow, Skin moisturiser ad to improve immunity function as well as for applying on food grains to protect from insects/fungi.
- Castor De-Oiled Cake: It is produced by crushing castor seeds in an expeller to extract oil from it at a controlled temperature with the help of steam. It is used as a fertilizer because of the high content of Nitrogen, Phosphoric Acid, Potash, and moisture retention.
- High Protein Castor De-Oiled Cake: It is an organic manure that enhances the fertility of the soil without causing any damage or decay.
The company's manufacturing unit is located in Banaskantha. As of July 31, 2023, the company employs over 60 employees.
Rajgor Castor Derivatives' clientele includes manufacturers of Lubricants, Paints, Pharmaceuticals, Cable insulators, Sealants, Inks, Rubber, and Textiles, farmers and manufacturers of organic fertilizers, poultry farms, and manufacturers of organic fertilizers.
No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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