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Rajputana Biodiesel IPO
Price Band
₹123.0–130.0
Issue Size
₹24.7 Cr
Lot Size
1,000 shares
Min Investment
₹130,000
GMP
+₹135.0 (103.85%)
Issue Price
₹130.0
Subject to Sauda
₹102600
Paid only if allotted
Rajputana Biodiesel IPO AI Summary
- Rajputana Biodiesel IPO is listed on NSE SME in the Refineries & Marketing sector.
- Price band: ₹123.0–₹130.0 per share, lot size 1,000 shares (min. investment ₹130,000).
- Subscription window: 26 Nov–28 Nov 2024, listing on 03 Dec 2024.
- Current GMP is +₹135.0 (103.85%), an estimated listing price of ₹265 — unofficial and can change daily.
Rajputana Biodiesel Limited is set to launch its IPO with a price band of ₹123 to ₹130. The company is engaged in the production of biofuels and has shown revenue growth in recent years. Investors should consider the risks and potential rewards before participating in this IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Rajputana Biodiesel IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 28 Nov 2024 — not a current signal.
3 of 3 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Rajputana Biodiesel IPO Grey Market Premium (GMP) Today
GMP
+₹135.0
GMP %
+103.85%
Est. Listing
₹265.0
Updated: 25 Jul 2026 14:03
About the Company
Founded in 2016, Rajputana Biodiesel Limited produces and supplies biofuels and their by-products, namely glycerine and fatty acids. The company's production facility is located at G24 RIICO Industrial Area, Phulera, Rajasthan 303338 in an area of 4,000 square meters. The company has an approved production capacity of 30 kiloliters per day (kl/pd) and an installed production capacity of 24 kiloliters per day (kl/pd). Rajputana Biodiesel's product portfolio includes Bio-Diesel, Crude Glycerin, Castic Potash Flakes, Waste Sludge, Used Cooking Oil, Esteried Fatty Acid, Methanol, Citric Acid, Refined Rice Oil, Crude Sunflower Oil, Sodium Methoxide, RBD Palm Sterin, Job Work: semi-refining of glycerine for other manufacturers, and Fats. As of July 31, 2024, the company had 30 permanent employees.
Company Financials (₹ Cr)
As of 2024-07-31
| Period Ended | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 46.26 | 39.95 | 15.16 | 10.71 |
| Total Income | 27.79 | 53.68 | 23.54 | 17.46 |
| Profit After Tax | 2.60 | 4.52 | 1.69 | 0.20 |
| NET Worth | 15.74 | 13.14 | 4.55 | -1.29 |
| Reserves and Surplus | 10.50 | 8.01 | -0.07 | -1.31 |
| Total Borrowing | 19.89 | 19.14 | 8.87 | 10.94 |
Key Ratios
EPS
₹8.81
NAV
₹30.66
ROCE
11.00%
RoNW
16.49%
P/B Value
4.24
P/E Ratio
14.75
Market Cap
₹91.44 Cr
PAT Margin
9.71%
Debt/Equity
1.26
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Kotyark Industries Limited | 150.06 | 11.56% | 51.41 | 17.36 | 17.36 |
| Rajputana Biodiesel Limited This IPO | 30.66 | 16.49% | — | 5.06 | 5.06 |
Promoters
Sarthak Soni, Tanay Attar, Sudeep Soni and Madhuri Surana
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Loan to our 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 it’s existing manufacturing facility (the “Project”); 4.19 2 Funding working capital requirements of the company; and 12.20 3 General Corporate purposes 5.86
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹17.46 Cr in the year ending March 31, 2022, rising to ₹23.54 Cr by March 31, 2023, then increasing further to ₹53.68 Cr by March 31, 2024. However, the most recent figure of ₹27.79 Cr as of July 31, 2024, is a 9-month figure and not directly comparable to the full fiscal year.
Profit Trend
Profit After Tax was ₹0.20 Cr in the year ending March 31, 2022, increasing to ₹1.69 Cr by March 31, 2023, and further to ₹4.52 Cr by March 31, 2024. The latest figure of ₹2.60 Cr as of July 31, 2024, is also a 9-month figure, making it not directly comparable to the full fiscal year.
Valuation
Rajputana Biodiesel Limited has an implied P/E ratio of 14.75 at the issue price, compared to its peers, which have a P/E range of 51.41.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand for shares in the grey market before they officially list on the stock exchange. A positive GMP suggests strong demand and potential for listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their growth potential and market conditions. Consider the company's fundamentals and market position before making a decision.
Who May Want to Wait
Investors with a low risk tolerance or those seeking stable, predictable returns may want to avoid this IPO, especially given the inherent risks associated with the biofuels sector and market fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on November 26, 2024, and closes on November 28, 2024. Allotment of shares will be done on November 29, 2024, with the listing date scheduled for December 3, 2024.
Listing Gains — The Risk
Listing gains are not guaranteed and can vary based on market conditions and investor sentiment on the listing day. Investors should be aware that the stock price may fluctuate significantly after the IPO, and past performance is not indicative of future results.
This evaluation is generated from Rajputana Biodiesel's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Rajputana Biodiesel IPO GMP today?
Rajputana Biodiesel IPO GMP today is +₹135.0 (103.85%), indicating an estimated listing price of ₹265. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Rajputana Biodiesel IPO?
The price band of Rajputana Biodiesel IPO is ₹123.0–₹130.0 per share.
When does Rajputana Biodiesel IPO open and close?
Rajputana Biodiesel IPO opens on 26 November 2024 and closes on 28 November 2024.
When does Rajputana Biodiesel IPO list on the stock exchange?
Rajputana Biodiesel IPO listed on 03 December 2024 at ₹265.0.
What is the lot size for Rajputana Biodiesel IPO?
The lot size for Rajputana Biodiesel IPO is 1000 shares, requiring a minimum investment of ₹130,000.
What is the lot size for this IPO?
The lot size for Rajputana Biodiesel's IPO is 1000 shares.
What is the minimum investment required?
The minimum investment required is ₹130,000.
What is the price band for the IPO?
The price band for the IPO is ₹123.0 to ₹130.0.
When does the IPO open and close?
The IPO opens on November 26, 2024, and closes on November 28, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
26 Nov 2024
Close
28 Nov 2024
Allotment
29 Nov 2024
Listing
03 Dec 2024
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