Rajgor Castor Derivatives Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 4,524,000 (47%) | — | ₹2,262 Cr |
| NII (HNI) | — | 1,362,000 (14%) | — | ₹681 Cr |
| Retail | — | 3,174,000 (33%) | — | ₹1,587 Cr |
| Market Maker | — | 501,000 (5%) | — | ₹25 Cr |
| Σ Total | — | 9,561,000 (100%) | — | ₹47,805 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹150,000 |
| Retail (Max) | 13 | 39,000 | ₹1,950,000 |
| S-HNI (Min) | 14 | 42,000 | ₹2,100,000 |
| B-HNI (Min) | 67 | 201,000 | ₹10,050,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 11,276 | 42,887 | 4,091 |
| Profit After Tax | 193 | 554 | 52 |
| Net Worth | 2,558 | 2,366 | 202 |
| Total Assets | 9,848 | 7,783 | 3,753 |
| Reserves & Surplus | 2,344 | 2,151 | 190 |
| Total Borrowing | 5,179 | 4,451 | 1,810 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To Meet Working Capital Requirements – 29.92
- General Corporate Purpose – 10.74
Company Overview
Incorporated in 2018, Rajgor Castor Derivatives Limited manufactures castor oil-based products for the Indian market.
The company's product list includes:
- Refined Castor Oil First Stage Grade (F.S.G.): F.S.G. Castor Oil is Castor Oil bleached to British Standard Specifications. It is used in Lubricants, Paints, Pharmaceuticals, Cable insulators, Sealants, Inks, Rubber and Textiles, etc. It is also used to relief Constipation, Eyelashes growth, Hair grow, Skin moisturiser ad to improve immunity function as well as for applying on food grains to protect from insects/fungi.
- Castor De-Oiled Cake: It is produced by crushing castor seeds in an expeller to extract oil from it at a controlled temperature with the help of steam. It is used as a fertilizer because of the high content of Nitrogen, Phosphoric Acid, Potash, and moisture retention.
- High Protein Castor De-Oiled Cake: It is an organic manure that enhances the fertility of the soil without causing any damage or decay.
The company's manufacturing unit is located in Banaskantha. As of July 31, 2023, the company employs over 60 employees.
Rajgor Castor Derivatives' clientele includes manufacturers of Lubricants, Paints, Pharmaceuticals, Cable insulators, Sealants, Inks, Rubber, and Textiles, farmers and manufacturers of organic fertilizers, poultry farms, and manufacturers of organic fertilizers.