Rajgor Castor Derivatives is scheduled to hit the market on October 17, 2023 and close on October 20, 2023. Rajgor Castor Derivatives plans to raise around ₹47.81 Cr through an IPO with a sale of up to 9,561,000 equity shares of ₹10 each. The QIB offered 50.00%, Retail offered 35.00%, HNI offered 15.00%.
Established in 2018, Rajgor Castor Derivatives Limited specializes in the production of Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake, and High Protein Castor De-Oiled Cake, primarily catering to the domestic market.
Rajgor Castor Derivatives IPO Details
Rajgor Castor Derivatives IPO opens on Oct 17, 2023, and closes on Oct 20, 2023. The Listing date for Rajgor Castor Derivatives IPO is on Oct 31, 2023. The price band for IPO is ₹47 to ₹50 per share and lot size of 3000 Shares.
| IPO Date | Oct 17, 2023 to Oct 20, 2023 |
| Listing Date | Oct 31, 2023 |
| Price | ₹47 to ₹50 per share |
| Lot Size | 3000 Shares |
| Issue Size | ₹44.48 Cr |
| Face Value | ₹10 per share |
Rajgor Castor Derivatives IPO Tentative Timetable
Rajgor Castor Derivatives opening date is October 17, 2023 and close date is October 20, 2023. The IPO allotment date is October 26, 2023. The refund initiation of IPO is on October 27, 2023. The credit of shares in demat account is on October 30, 2023. The listing date is on October 31, 2023.
| Event | Date |
|---|---|
| IPO Opening | Oct 17, 2023 |
| IPO Closing | Oct 20, 2023 |
| IPO Allotment Date | Oct 26, 2023 |
| Refund Initiation | Oct 27, 2023 |
| Shares Credit to Demat | Oct 30, 2023 |
| Lisiting Date | Oct 31, 2023 |
Rajgor Castor Derivatives IPO Lot Size
Lot Size of this IPO is 3000 shares. A retail-individual investor can apply for up to 1 lot (3000 shares or ₹150,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 3000 | ₹150,000 |
| Retail(Maximum) | 1 | 3000 | ₹150,000 |
| HNI (Minimum) | 2 | 6000 | ₹300,000 |
Rajgor Castor Derivatives IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Rajgor Castor Derivatives IPO Review
Rajgor Castor Derivatives Limited's upcoming IPO is drawing attention due to its robust financial performance. With an impressive EPS of Rs. 30.06 and a P/E ratio of 23.44, the company demonstrates strong earnings potential. Moreover, the Return on Net Worth (RoNW) stands at a commendable level, indicating efficient utilization of capital. However, it's important to note that the company does not have directly comparable listed peers in the same industry, making it somewhat unique in its niche.
Investors considering this IPO should focus on the company's standalone financial performance and its potential for growth within its specific sector. While the financial indicators appear favorable, it's essential to perform thorough due diligence and assess the company's prospects within the castor derivatives market. Rajgor Castor Derivatives Limited's IPO seems promising, but investors should carefully evaluate their risk tolerance and investment horizon before making a decision.
Rajgor Castor Derivatives IPO Subscription Status (Bidding Details)
| Investor | Subscription |
|---|---|
| Qualified Institutions (QII) | 0 |
| Non-Institutional Buyers | 0 |
| bNII (bids above ₹10L) | 0 |
| sNII (bids below ₹10L) | 0 |
| Retail Investors(RII) | 0 |
| Employees | 0 |
| Others | 0 |
| Total | 0 |
Rajgor Castor Derivatives IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Rajgor Castor Derivatives IPO FAQs
What is Rajgor Castor Derivatives IPO?
Rajgor Castor Derivatives is issuing 9,561,000 equity shares with a face value of ₹10 each, totaling up to ₹47.81 Cr. The shares are being offered at a price of ₹47 to ₹50 each, with a minimum order quantity of 3000 shares.
Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Rajgor Castor Derivatives IPO will open?
Rajgor Castor Derivatives will open on October 17, 2023 for QIB, NII, and Retail Investors.
When Rajgor Castor Derivatives IPO will end?
Rajgor Castor Derivatives will end on October 20, 2023.
What is Rajgor Castor Derivatives IPO Size?
Rajgor Castor Derivatives IPO size is 47.81 Cr.
What is Rajgor Castor Derivatives IPO Price Band?
Rajgor Castor Derivatives price band is ₹47 to ₹50 per share.
What is the Rajgor Castor Derivatives IPO Allotment Date?
Rajgor Castor Derivatives allotment date is 26 October 2023.
What is the Rajgor Castor Derivatives IPO Listing Date?
Rajgor Castor Derivatives listing date is 31 October 2023. The IPO is to be listed on BSE and NSE.
How to Apply Rajgor Castor Derivatives IPO through Zerodha?
To apply for the IPO “Rajgor Castor Derivatives” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Rajgor Castor Derivatives IPO through Upstox?
To apply for the IPO “Rajgor Castor Derivatives” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Rajgor Castor Derivatives IPO Allotment Status?
For Rajgor Castor Derivatives IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Rajgor Castor Derivatives IPO GMP?
You can check out here: Rajgor Castor Derivatives IPO GMP