The Rajgor Castor Derivatives Initial Public Offering (IPO) bidding period began on October 17, 2023, and concluded on October 20, 2023. On October 26, 2023, the Rajgor Castor Derivatives IPO Allotment Status will be decided. On October 27, 2023, the refund will begin, and on October 30, 2023, the shares will be refunded to the Demat account. The IPO for Rajgor Castor Derivatives is scheduled for October 31, 2023. Rajgor Castor Derivatives’ IPO price ranges from ₹47 to ₹50 per share. 3000 shares must be the minimum lot size for an application.
Rajgor Castor Derivatives IPO Allotment
Through an IPO, the business hopes to raise ₹47.81 crores. Castor De-Oiled Cake, High Protein Castor De-Oiled Cake, and Refined Castor Oil First Stage Grade (F.S.G.) are now being produced by Rajgor Castor Derivatives IPO Allotment Limited for the home market. In 2023, the company’s revenue was ₹428.87 crores, compared to ₹40.91 crores in 2022. The pricing range for each equity share in the IPO is set at ₹47 to ₹50. On the NSE, the Rajgor Castor Derivatives IPO will be listed.
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The Rs 47.81 crore Rajgor Castor Derivatives IPO Allotment is a book-built offering. A fresh issuance of 88.95 lakh shares, valued at Rs 44.48 crores, and an offer to sell 6.66 lakh shares, priced at Rs 3.33 crores, make up the issue. Rajgor Castor Derivatives’ IPO price ranges from ₹47 to ₹50 per share. Three thousand shares must be the minimum lot size for an application. Retail investors are needed to invest a minimum of ₹150,00. HNI investments need a minimum lot size of two lots, or 6,000 shares, totaling ₹300,000.
Rajgor Castor Derivatives IPO GMP
The Grey Market Premium, or IPO GMP, for Rajgor Castor Derivatives, is ₹12. The demand of the company preparing an IPO is taken into consideration while determining information about the grey market premium, sometimes referred to as the IPO GMP. The unregulated market legally gives birth to the grey market when the price range and IPO date are disclosed. Before making an IPO investment, investors always check the IPO GMP, albeit this might change according to the state of the market, demand, and number of subscriptions.
|IPO Open||October 17, 2023|
|IPO Close||October 20, 2023|
|IPO Size||Approx ₹47.81 Crores, 9,561,000 Equity Shares|
|Face Value||₹10 Per Equity Share|
|IPO Price Band||₹47 to ₹50 Per Equity Share|
|Basis of Allotment||October 26, 2023|
|Refunds||October 27, 2023|
|Credit to Demat Account||October 30, 2023|
|IPO Listing Date||October 31, 2023|
|Retail Quota||35% of the net offer|
|QIB Quota||50% of the net offer|
|NII Quota||15% of the net offer|
|IPO Listing on||NSE SME|
The difference between the IPO’s issue price and its trading price on the grey market is known as the IPO GMP or IPO Grey Market Premium. There is a period of time during which unauthorized trading of the IPO shares occurs on the grey market, prior to the IPO formally being listed on stock exchanges for public trading. The buying and selling of shares takes place over the counter (or “grey market”) without the stock exchanges being involved.
How to Check Rajgor Castor Derivatives IPO Allotment Status?
- Go to Linkintime.com to see the Rajgor Castor Derivatives IPO allotment page.
- From the drop-down menu bar, choose “Rajgor Castor Derivatives” as the IPO Name.
- Choose an option using the DP ID, application number, or PAN number.
- Add a PAN, application, or demat account number according to your choice.
- Press the “Search” button.
- Your Rajgor Castor Derivatives IPO allotment status will be visible on the screen (desktop/mobile).
Objects Of The Rajgor Castor Derivatives Limited IPO
The following goals will be funded by the Offer Proceeds from the New Issue:
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Offer Expenses
Rajgor Castor Derivatives IPO Shares Offered
9,439,000 equity shares are being issued as part of the Rajgor Castor Derivatives IPO. Retail investors are offered 3,142,000 shares in the issuance, institutional purchasers that meet the requirements are offered 1,722,000 shares, and non-institutional investors are offered 1,362,000 shares.
Rajgor Castor Derivatives IPO Anchor Investor Allocation
Anchor investors would get a total of 2,712,000 shares at a price of Rs 50 per share when those shares are issued to them.
Rajgor Castor Derivatives Limited IPO Lot Size
In the Rajgor Castor Derivatives IPO, 3000 shares will be sold in a single lot to regular investors, with a ₹150,000 minimum investment required. Retail investors may apply for one lot at a time, with a maximum investment of ₹150,00.
Rajgor Castor Derivatives Limited Company Product
Refined Castor Oil First Stage Grade (F.s.g.)
- Specification of Refined Castor Oil
- Extraction of Oil
- Refining of Oil
Rajgor Castor Derivatives Limited IPO Competitive Strength
- Experienced Management Team
- Quality Control and Quality Assurance
- Diversified business model and customer base
- Scalable Business Model
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