Rajgor Castor Derivatives Limited IPO Detail
Rajgor Castor Derivatives IPO is a book built issue of Rs 47.81 crores. The issue is a combination of fresh issue of 88.95 lakh shares aggregating to Rs 44.48 crores and offer for sale of 6.66 lakh shares aggregating to Rs 3.33 crores.
Rajgor Castor Derivatives IPO opens for subscription on October 17, 2023 and closes on October 20, 2023. The allotment for the Rajgor Castor Derivatives IPO is expected to be finalized on Thursday, October 26, 2023. Rajgor Castor Derivatives IPO will list on NSE SME with tentative listing date fixed as Tuesday, October 31, 2023.
Rajgor Castor Derivatives IPO price band is set at ₹47 to ₹50 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹300,000.
Company Promoters
Mr. Brijeshkumar Vasantlal Rajgor, Mr. Vasantkumar Shankarlal Rajgor and Mr. Maheshkumar Shankarlal RajgorIPO Details
| IPO Opening Date | Oct 17, 2023 |
| IPO Closing Date | Oct 20, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹47 - 50 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹47.81 Cr |
| Fresh Issue | ₹44.48 Cr |
| Offer for Sale | ₹3.33 Cr |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 10.76x | - | - | 1.49x | 5.65x | 6.16x |
| Day 2 | 10.78x | - | - | 3.85x | 13.59x | 10.68x |
| Day 3 | 10.79x | - | - | 10.35x | 26.54x | 18.64x |
| Day 4 | 35.52x | - | - | 260.01x | 80.70x | 107.43x |
IPO Tentative Timetable
The Rajgor Castor Derivatives Limited IPO open date is Oct 17, 2023, and the close date is Oct 20, 2023. The issue may list on Oct 31, 2023.
| IPO Open Date | Oct 17, 2023 |
| IPO Close Date | Oct 20, 2023 |
| Basis of Allotment Date | Oct 26, 2023 |
| Initiation of Refunds | Oct 27, 2023 |
| Credit of Shares to Demat Account | Oct 30, 2023 |
| IPO Listing Date | Oct 31, 2023 |
IPO Lot Size
The Rajgor Castor Derivatives Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹150000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹150000 |
| Maximum | 1 | 3000 | ₹150000 |
IPO Promoter Holding
| Pre Issue Share Holding | ₹3.33 Cr |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2578.48 | 1100.69 | -180.18 |
| 31-Mar-22 | 3753.42 | 4091.30 | 52.19 |
| 31-Mar-23 | 7782.64 | 42887.35 | 554.47 |
| 30-Jun-23 | 9847.95 | 11276.10 | 192.57 |
Objects of the Issue:
The Offer Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Offer Expenses
Rajgor Castor Derivatives Limited IPO Registrar:
Link Intime India Private Ltd
Rajgor Castor Derivatives Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Rajgor Castor Derivatives Limited
807, Titanium One, Nr. Pakwan Cross Road,
Nr. Shabri Water Works, S.G. Highway
Bodakdev, Ahmedabad-380054
