Rajputana Biodiesel IPO Listing: Jaipur-based SME Rajputana Biodiesel Limited looks set for a solid stock market debut on Tuesday.
Its gray market price (GMP) is now Rs 135 per share one day before the listing date while the IPO price range is Rs 130.
This means that the share will be listed with a fantastic price and that the price could rise as high as 104 percent on the first day.
The Rajputana Biodiesel Limited IPO went open to investment from November 26 to 28. In the period, the IPO was viewed 719 times.
What Is The Detail?
Rajputana Biodiesel has raised approximately Rs 24.7 crore via IPO It was a new issue. The issue was viewed 718.92 times.
In this way, the IPO is among the most popular SME IPOs in 2024. The issue was sold out 1346.49 times more than the bids in the category of non-institutional investors.
The shares will go on sale to the NSE SME platform tomorrow.
Company Business
Rajputana Biodiesel is active in the production and supply of biofuels and co-products, such as Glycerine and fatty acids that meet the requirements of various industries.
It is part of a facility of 4,000 square meters located in Phulera, Rajasthan. The company is licensed with a capacity of 30 KLPD, as well being an operational capacity for 24 KLPD.
Quick Fact
| Company name | Rajputana Biodiesel |
|---|---|
| IPO opening dates | November 26 to November 28 |
| IPO price range | ₹130 |
| GMP | ₹135 |
| Possible listing gain | Up to 104% |
| Funds raised | ₹24.7 crore |
| IPO type | New issue |
| IPO subscription | Viewed 718.92 times |
| Non-institutional bids | 1346.49 times more |
| SME platform | NSE SME |
| Business area | Production & supply of biofuels |
| Co-products | Glycerine, fatty acids |
| Facility location | Phulera, Rajasthan |
| Facility area | 4,000 square meters |
| Licensed capacity | 30 KLPD |
| Operational capacity | 24 KLPD |
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