Rajputana Biodiesel Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Rajputana Biodiesel Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹130
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,30,000
Issue Size
₹24.7 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.76%
QIB Quota
48.89%
NII Quota
15.35%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Rajputana Biodiesel Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
90%
Promoter Holding (Post-Issue)
65.68%
Issue Type
Book Building - SME
ISIN
INE0VHU01019
About the Company
Rajputana Biodiesel Limited is engaged in the Business of Manufacturing and supplying of bio-fuels and its by-products namely glycerine and fatty acids. The Company intends to add value to its by-products and explore the export potential of bio-diesel. Its manufacturing unit is operational at G24 RIICO Industrial Area, Phulera, Rajasthan 303338 spread over 4000 Square Meters. It has an installed production capacity of 30 kilo liters per day (klpd). On the date of this Red Herring Prospectus, its products cover majorly biodiesel, glycerine and fatty acid. The Company has full flexibility in its manufacturing facility to handle the multiple feed stocks as per market requirements.
Industry Overview
India is endowed with abundant indigenous, non-polluting and virtually inexhaustible renewable energy resources. The government of India has proposed a target of 20% blending of ethanol in petrol and 5% blending of biodiesel in diesel by 2030. Biofuels are an appealing alternate energy options because they are renewable and have the potential to lower carbon emissions and environmental impacts while also cutting import dependence. Considering these prospective benefits, India began piloting a 5% ethanol blending (E5) program in 2001 and in 2003 formulated the National Mission on Biodiesel to achieve 20% biodiesel blends by 2011-2012 (Government of India, 2002, 2003)
Company History
Rajputana Biodiesel Limited was originally incorporated as "Rajputana Biodiesel Private Limited" a private limited company under the Companies Act, 2013 with the Registrar of Companies ("ROC"), Jaipur pursuant to Certificate of Incorporation dated November 10th, 2016. Subsequently, the company was converted into Public Limited Company and name of company was changed from "Rajputana Biodiesel Private Limited" to "Rajputana Biodiesel Limited" pursuant to a special resolution passed by its shareholders at the Extra Ordinary General Meeting held on May 13, 2024 and a fresh certificate of incorporation was issued by the Central Processing Centre, Manesar dated July 08th, 2024. The CIN of the Company is U74999RJ2016PLC056359.
Products & Services
- The Company is engaged in the Business of Manufacturing and supplying of bio-fuels and its by-products namely glycerine and fatty acids.
Growth Strategy
- Expanding organically and inorganically in Bio-fuel sector.
- Capital Expenditure.
- Investing in Cutting-Edge Technology and Backward Integration.
- Strategic Expansion PAN India.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of 19,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Rajputana Biodiesel Limited (the "Company" or "Rajputana" or "Issuer") at an issue price of Rs. 130/- per equity share (including a share premium of Rs. 120/- per equity share) for cash, aggregating to Rs. 24.70 crores ("Public Issue") out of which 1,41,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 130/- per equity share for cash, aggregating to Rs. 1.83 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 17,59,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 130/- per equity share for cash, aggregating to Rs. 22.87 crores is hereinafter referred to as the "Net Issue". The public issue and net issue will constitute 27.01% and 25.01% respectively of the post- issue paid-up equity share capital of the company. Initial public issue of 19,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Rajputana Biodiesel Limited.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoters and Management Team.
- Long standing relationships with customers.
- Efficient operational team.
- Consistent financial performance;
- Major Revenue from Government PSUs;
- Its business is subject to government policies. If the company fails to comply with the applicable regulations prescribed by governments and regulatory agencies, its business, results of operations and financial condition could be adversely affected.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, any failures to obtain, retain and renew such approvals and licenses or comply with such rules and regulations may adversely affect its operations.
- If the company is not able to obtain, renew or maintain the statutory and regulatory permits and approvals required to operate its business it may the company may faces resistance to change from existing users of conventional fossil fuel.
- Its production is based on competitive bidding process by government authorities/bodies. The company may not be able to qualify for, compete and win future projects, which could adversely affect its business and results of operations.
- The availability, quality and timely delivery of raw material is an important factor for its business, any fluctuation, delay or increase in cost in same may affect its business and prices.