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.
| Purpose | Amount (₹ Cr) |
|---|---|
| Loan to the 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 the expansion of existing manufacturing facility (the “Project”); | — |
| Funding working capital requirements of the company; and | — |
| General Corporate purposes. | — |
| Metric | 31 Jul 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 4,626 | 3,995 | 1,516 |
| Revenue | 2,779 | 5,368 | 2,354 |
| PAT | 260 | 452 | 169 |
| Net Worth | 1,574 | 1,314 | 455 |
| Reserves | 1,050 | 801 | -7 |
| Total Borrowing | 1,989 | 1,914 | 887 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 860,000 (45%) | — |
| NII / HNI | — | 270,000 (14%) | — |
| Retail (RII) | — | 629,000 (33%) | — |
| Market Maker | — | 141,000 (7%) | — |
| Total | — | 1,900,000 (100%) | — |
* Amount calculated at upper price band (₹130) · ** Total includes all investor categories
- 1 Initiation of Refund 29 Nov 2024
- 2 Credit of Shares to Demat 02 Dec 2024
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 45%.
- The IPO P/E of 12x reflects a strong valuation relative to typical market ranges.
- Pre-issue EPS of ₹9 compares to post-issue EPS of ₹11 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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