IPO Details

Bidding Dates

17 Oct '23 - 20 Oct '23

Minimum Investment

₹150,000 / 1 Lots ( 3000 Shares )

Price Range

₹47 - ₹50

Maximum Investment

₹150,000 / 1 Lots ( 3000 Shares )

Retail Discount

Not Applicable

Issue Size

₹47.81 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

Rajgor Castor Derivatives IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Oct 17, 2023

IPO Closing Date

Oct 20, 2023

Basis of Allotment

Oct 26, 2023

Initiation of Refunds

Oct 27, 2023

Credit of Shares to Demat Account

Oct 30, 2023

IPO Listing Date

Oct 31, 2023

Cut-off time for UPI mandate confirmation

Oct 20, 2023

Rajgor Castor Derivatives IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Oct 17, 2023

 10.76 1.49 2.53 3.40

Day 2Oct 18, 2023

 10.78 3.87 13.79 10.79

Day 3Oct 19, 2023

 10.78 5.24 17.58 13.00

Rajgor Castor Derivatives IPO Subscription Live Status

Investor Category Subscription (Times)
Qualified Institutions Investors 10.78
Non-Institutional Investors 5.24
Retail Investors 17.58
Total 13.00

About Company

Rajgor Castor Derivatives Limited was incorporated in 2018 and is engaged in the manufacturing of castor oil-based products. The company manufactures Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake and High Protein Castor De-Oiled Cake at its manufacturing facility located in Harij, Gujarat.

It operates on a B2B business Model and offers its customers Castor Oil and its derivatives. The company is focused on quality control, inventory management and business development operations. 

The company’s business lies in agriculture, which accounts for 18.3% of India's GDP. The growth driver of the industry revolves around rapid population expansion in India as well as changing lifestyles and food habits of people due to increased disposable income. In addition, the initiatives taken by the government, such as increasing the number of primary agriculture cooperatives from 60,000 to 3 lakh until 2026, are likely to aid the business growth of the company.

Rajgor Castor Derivatives Limited IPO Details

Rajgor Castor Derivatives Limited IPO Date

Rajgor Castor Derivatives Limited IPO combines a fresh issue and an Offer for Sale. The fresh issue comprises 88,95,000 shares aggregating up to ₹44.48 crore, and the offer for sale comprises 6,66,000 shares of ₹10 aggregating up to ₹3.33 crore. Rajgor Castor Derivatives Limited’s IPO will be listed on the NSE SME on October 31, 2023. It is a book-built issue IPO.

Rajgor Castor Derivatives Limited IPO Price Band

The price range of the IPO has been fixed at ₹47 to ₹50 per share.

Rajgor Castor Derivatives Limited IPO Lot Size

The Rajgor Castor Derivatives Limited IPO lot size is 3,000 shares, and the minimum investment will be ₹1,50,000.

Rajgor Castor Derivatives Limited IPO Objectives 

The objectives of Rajgor Castor Derivatives Limited IPO are listed below:

  • Funding its working capital requirements.
  • For general corporate purposes.

Peer Details

As per DRHP, Rajgor Castor Derivatives Limited has 2 listed peers listed below:

  1. NK Industries Limited.
  2. Jayant Agro-Organics Limited.

How To Check the Allotment Status of the Rajgor Castor Derivatives Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Rajgor Castor Derivatives Limited

Registered office: 807, Titanium One, Nr. Pakwan Cross Road, Nr. Shabri Water Works, S.G. Highway, Bodakdev, Ahmedabad-380054, Gujarat, India

Phone:  +91 9898926368

E-mail:cs@rajgorcastor.com

Rajgor Castor Derivatives Company Financials

Particulars Period Ending on June 30th 2023 ( ₹ lakh ) Period Ending on March 30th 2023 ( ₹ lakh ) Period Ending on March 30th 2022 ( ₹ lakh )
Total Income 11,276.10 42,887.35 4,091.30
Profit After Tax (PAT) 192.57 554.47 52.19
Assets 9,847.95 7,782.64 3,753.42
Total Borrowings 5,178.96 4,450.93 1,809.51

Know before investing

Strengths

2

  1. The company operates a diversified business model with its offerings ranging from castor doc and seeds to castor oil. As a result, the company is free from dependency on a single product.

  2. The company believes that its business model is scalable as it is customer-centric and order-driven. It requires optimum utilisation of existing resources, assuring quality supply and achieving consequent economies of scale.

Risks

2

  1. The company’s business is exposed to risks arising from the increase in the cost of raw materials, which will adversely impact the profitability of the business.

  2. The company operates all manufacturing activities from a single manufacturing facility in Gujarat. Any adverse event at that location could hamper the business operations.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Rajgor Castor Derivatives IPO FAQs

What is Rajgor Castor Derivatives Limited’s IPO?

Rajgor Castor Derivatives Limited  IPO is a mix of fresh issue and offer for sale. The fresh issue comprises 88,95,000 shares aggregating up to ₹44.48 crore, and the offer for sale comprises 6,66,000 shares of ₹10 aggregating up to ₹3.33 crore.  The price range of the IPO has been decided at ₹47 to ₹50 per share.

When will Rajgor Castor Derivatives Limited’s IPO be allotted?

The Basis of Allotment will be on October 26, 2023.

When will Rajgor Castor Derivatives Limited’s IPO open for subscription?

The IPO subscription window will open on October 17, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot containing 3,000 shares.

When will Rajgor Castor Derivatives Limited list on exchanges?

Rajgor Castor Derivatives Limited IPO will be listed on NSE SME. The date of listing is October 31, 2023.

How do I check the allotment status of the Rajgor Castor Derivatives Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Go to the IPO Section and then to IPO Orders
  • Select the individual IPO that you had applied for and check the allotment status.
  • Angel One will notify you of your IPO allotment status via push notification and email.

What would be the listing gains on the Rajgor Castor Derivatives Limited IPO?

Listing gains cannot be ascertained before listing the IPO on the stock exchange.

I have finished the application process for the Rajgor Castor Derivatives Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you. 

How do I approve the UPI mandate request for Rajgor Castor Derivatives Limited’s IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Rajgor Castor Derivatives Limited using one PAN?

You can submit only one application using your PAN card.