Welcome to an insightful overview of Rajgor Castor Derivatives Limited IPO Details. Established in 2018, Rajgor Castor Derivatives Limited has rapidly emerged as a leading player in the castor derivatives industry. Our primary product portfolio includes Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake, and High Protein Castor De-Oiled Cake, with a primary focus on serving the domestic market.
Our Dedication to Excellence:
At Rajgor Castor Derivatives Limited, we take immense pride in delivering top-notch castor derivatives that consistently meet the industry’s rigorous standards. Our cutting-edge manufacturing facilities and a highly skilled team ensure that our products consistently surpass the expectations of our clientele.
Refined Castor Oil First Stage Grade (F.S.G.):
Our F.S.G. product is a premium offering created through a meticulous refining process. It finds versatile applications across industries such as pharmaceuticals, cosmetics, and industrial lubricants. Its exceptional purity and quality make it the preferred choice for discerning clients.
Castor De-Oiled Cake:
Our Castor De-Oiled Cake is a valuable organic fertilizer derived from castor oil extraction. It is renowned for its nutrient-rich composition and is trusted by farmers and agricultural enthusiasts to enhance soil fertility and crop yields.
High Protein Castor De-Oiled Cake:
Our High Protein Castor De-Oiled Cake is an advanced derivative of castor seeds, boasting elevated protein content. This product serves as an excellent livestock feed choice, contributing to healthier and more productive livestock.
Focused on the Domestic Market:
While our journey began in 2018, we have quickly established our presence in the domestic market. Our unwavering commitment to product quality, customer satisfaction, and ethical business practices has earned us the trust of clients across India. We remain dedicated to our growth journey, aiming to expand our product range and explore collaborative and innovative opportunities.
Objects of the Issue:
Meeting Working Capital Requirements: A significant portion of the funds raised from the Fresh Issue will be allocated towards meeting our working capital needs. This includes ensuring smooth operations, maintaining inventory levels, and fulfilling customer orders promptly. By optimizing our production and distribution processes, we aim to enhance client service.
General Corporate Purpose: The proceeds from the Fresh Issue will also support our general corporate objectives. This encompasses strategic investments, research and development initiatives, and potential expansion opportunities. Maintaining funds for general corporate purposes ensures agility in responding to market trends.
Meeting Public Offer Expenses: Conducting an IPO involves various expenses, including underwriting fees, legal and regulatory compliance costs, marketing, and administrative expenses. Funds from the Fresh Issue will cover these public offer expenses, facilitating a seamless transition to a publicly-traded entity.
IPO Details:
IPO Date: October 17, 2023, to October 20, 2023
Face Value: ₹10 per share
Price Range: ₹47 to ₹50 per share
Lot Size: 3000 Shares
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)
Issue Type: Book Built Issue IPO
Listing: NSE SME
Reservation for IPO:
Qualified Institutional Buyers (QIBs): Not more than 50.00% of the Net Offer
Retail Investors: Not less than 35.00% of the Offer Non-Institutional Investors (NII) or High Net Worth Individuals (HNIs): Not less than 15.00% of the Offer
Lot Size for IPO:
Retail (Min): 1 Lot (3000 Shares, ₹150,000)
Retail (Max): 1 Lot (3000 Shares, ₹150,000)
HNI (Min): 2 Lots (6000 Shares, ₹300,000)
Promoter Holding:
Mr. Brijeshkumar Vasantlal Rajgor, Mr. Vasantkumar Shankarlal Rajgor, and Mr. Maheshkumar Shankarlal Rajgor are the dedicated promoters of Rajgor Castor Derivatives Limited. As of the pre-issue stage, they collectively hold 100% of the company’s shares. The upcoming IPO offers an opportunity for promoters to divest a portion of their shares while raising capital for expansion.
Tentative IPO Dates:
IPO Open Date: Tuesday, October 17, 2023
IPO Close Date: Friday, October 20, 2023
Basis of Allotment: Thursday, October 26, 2023
Initiation of Refunds: Friday, October 27, 2023
Credit of Shares to Demat: Monday, October 30, 2023
Listing Date: Tuesday, October 31, 2023
Cut-off time for UPI mandate confirmation: 5 PM on October 20, 2023
IPO Registrar:
For inquiries related to the Rajgor Castor Derivatives Limited IPO, you can contact Link Intime India Private Ltd at +91-22-4918 6270 or via email at [email protected]. They are here to provide the necessary support and guidance.
FAQs:
What is Rajgor Castor Derivatives IPO?
The Rajgor Castor Derivatives IPO is a Small and Medium-sized Enterprises (SME) IPO, aiming to raise ₹47.81 Crores through the issuance of 9,561,000 equity shares. Investors can participate in this IPO at a price range of ₹47 to ₹50 per share, with a lot size of 3000 shares. The subscription window is open from October 17, 2023, to October 20, 2023.
How to apply for Rajgor Castor Derivatives IPO through Zerodha?
Zerodha customers can apply for the Rajgor Castor Derivatives IPO online using the UPI payment method. The application process involves selecting the IPO, placing a bid, entering application details, and UPI app approval.
When is the IPO allotment date for Rajgor Castor Derivatives?
The IPO allotment for Rajgor Castor Derivatives is scheduled for Thursday, October 26, 2023, and the credited shares will be available in your demat account by Monday, October 30, 2023.
When is the listing date for Rajgor Castor Derivatives IPO?
The tentative listing date for the Rajgor Castor Derivatives IPO is Tuesday, October 31, 2023.