Rajputana Biodiesel SME IPO Details, Financials, Valuation & Peers
Explore Rajputana Biodiesel IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
Rajputana Biodiesel Limited, incorporated in 2016, is engaged in the manufacturing and supply of biofuels and their by-products, including glycerine and fatty acids. The company operates a manufacturing unit in Phulera, Rajasthan, with a flexible facility capable of handling multiple feedstocks and an installed production capacity of 24 kilo liters per day (KLPD). With its focus on sustainability and value addition, Rajputana Biodiesel is exploring export opportunities while consistently increasing its revenue and profitability. Promoted by industry veterans with over seven years of experience, the company is strategically positioned to capitalize on the growing demand for alternative energy sources.
Key Points:
- Manufacturing Facility
- Located in RIICO Industrial Area, Phulera, Rajasthan, covering 4,000 sq. meters.
- Approved production capacity of 30 KLPD, with an installed capacity of 24 KLPD.
- Product Portfolio
- Core products: biodiesel, glycerine, and fatty acids.
- Flexible manufacturing to accommodate diverse feedstocks based on market needs.
- Market Focus
- Committed to sustainability and renewable energy.
- Exploring export opportunities for biodiesel and adding value to by-products.
Objects of the Issue
- Loan to the Subsidiary, Nirvaanraj Energy Private Limited (NEPL) for capital expenditure requirements towards expansion of the existing manufacturing facility
- Funding working capital requirements of the company
- General Corporate Purposes
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 26 Nov - 28 Nov 2024 |
| IPO Price Band | ₹125 - ₹130 per share |
| Fresh Issue | 19,00,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹24.70 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
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| Event | Date |
|---|---|
| IPO Opening Date | 26 Nov 2024 |
| IPO Closing Date | 28 Nov 2024 |
| Basis Of Allotment | 29 Nov 2024 |
| Refunds | 29 Nov 2024 |
| Demat Transfer | 02 Dec 2024 |
| IPO Listing Date | 03 Dec 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jul 2024 |
|---|---|---|---|---|
| Total Income | 17.46 | 23.54 | 53.68 | 27.79 |
| Total Expenses | 17.16 | 21.27 | 47.59 | 23.88 |
| Net Profit/Loss | 0.20 | 1.69 | 4.52 | 2.60 |
| NPM (*) | 1.17 | 7.21 | 8.46 | 9.71 |
| Total Assets | 10.71 | 15.16 | 39.95 | 46.26 |
| Total Liabilities | 10.94 | 8.87 | 19.14 | NA |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Jul 2024 |
|---|---|---|---|---|
| EPS | 5.33 | 3.87 | 9.16 | 5.06 |
| ROE (%) | -15.49 | 37.11 | 34.43 | 16.49 |
| ROCE (%) | 11.34 | 22.01 | 22.19 | 11.00 |
| D/E Ratio | -8.48 | 1.95 | 1.46 | 1.26 |
| Current Ratio | 4.49 | 6.82 | 4.40 | 3.91 |
| EBITDA MARGIN (%) | 9.26 | 14.90 | 14.29 | 15.18 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Rajputana Biodiesel Limited | 53.46 | 25.69 | 5.06 | 16.49 | 30.66 |
| Kotyark Industries Limited | 270.99 | 51.41 | 17.36 | 11.56 | 150.06 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
IPO Reservation
| Investor Type | Shares Offered |
|---|---|
| Qualified Institutional Buyer (QIB) | Not more than 50% |
| Non-Institutional Investor (NII/HNI) | Not less than 15% |
| Retail Individual Investor (RII) | Not less than 35% |
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 177.38 |
| Non-Institutional Investor (NII/HNI) | 1345.96 |
| Retail Individual Investor (RII) | 746.57 |
| Total | 718.81 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Company Promoters
- SARTHAK SONI
- MADHURI SURANA
- SUDEEP SONI
- TANAY ATTAR
Lead Managers
- GYR Capital Advisors Private Limited
Company Address
Rajputana Biodiesel Limited
Jaipuria Mansion Panch Batti, M.I. Road, Jaipur, Rajasthan, India, 302001.
Phone: +91- 9509222333
Email: cs@rajputanabiodiesel.com
Website: https://rajputanabiodiesel.com
FAQs
- What is the issue size of the Rajputana Biodiesel SME IPO?The Rajputana Biodiesel SME IPO has an issue size of ₹24.70 crore. This includes a fresh issue of 19,00,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Rajputana Biodiesel IPO?The price band for the Rajputana Biodiesel IPO is ₹125 - ₹130 per share.
- What are the bidding dates for the Rajputana Biodiesel IPO?The Rajputana Biodiesel IPO will open for bidding on 26 Nov 2024 and close on 28 Nov 2024.
- What is the allotment date for the Rajputana Biodiesel IPO?The allotment date for the Rajputana Biodiesel IPO is 29 Nov 2024.
- What is the minimum lot size and investment required for the Rajputana Biodiesel IPO?The minimum lot size for the Rajputana Biodiesel IPO is 1000 shares and the minimum investment required is ₹1,30,000.
- What is the listing date for the Rajputana Biodiesel IPO?The listing date for the Rajputana Biodiesel IPO is 03 Dec 2024.
- What is the Rajputana Biodiesel IPO grey market premium?The grey market premium (GMP) for the Rajputana Biodiesel IPO is currently at ₹135, with an expected listing gain of approximately 103.85%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.