Rajgor Castor Derivatives IPO will open for subscription from 17 October 2023. The company aims for an issue size of ₹47.81 Cr through this IPO.
Company Overview
| Full name | Rajgor Castor Derivatives Limited |
| Sector | Agriculture |
| Industry | Agriculture |
| Company Website | https://www.rajgorcastor.com/ |
About Company
Incorporated in 2018, Rajgor Castor Derivatives manufactures Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake, and High Protein Castor De-Oiled Cake for the domestic market. It operates on a B2B business model and offers customers castor oil and its derivatives. Rajgor Castor supplies its products in states such as Gujarat, Delhi, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Uttarakhand. As of 31 July 2023, it has 60 Employees in Rajgor Castor Derivatives.
The major players in the Castor Oil market include NK Industries, Gokul Overseas, Jayant Agro Organics, Adani Group, etc. The company is well placed with competitors as the global castor oil market is dominated by India, with Gujarat being the primary market of focus in India, and Banaskantha being the key producer of Castor Seeds.
The Objectives of the Issue
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Offer Expenses
Rajgor Castor Derivatives IPO Timetable
| IPO Opening date | 17 October 2023 |
| IPO Closing | 20 October 2023 |
| Basis of Allotment | 26 October 2023 |
| Initiation Refund | 27 October 2023 |
| Credit to Demat Account | 30 October 2023 |
| Listing Date | 31 October 2023 |
Rajgor Castor Derivatives IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹47.81 Cr – 9,561,000 shares |
| Fresh Issue | ₹44.48 Cr – 8,895,000 shares |
| Offer for sale | ₹3.33 Cr – 666,000 shares |
| Face value | ₹10 per share |
| Price Band | ₹47 to ₹50 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 501,000 shares |
| Shareholding pre-issue | 15,020,852 |
| Shareholding post-issue | 23,915,852 |
| Listing Exchange | NSE SME |
Rajgor Castor Derivatives IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6,000 | ₹300,000 |
Rajgor Castor Derivatives IPO Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Rajgor Castor Derivatives Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 9.75 | 39.67 | 428.78 | 112.70 |
| Expenses | 13.53 | 40.59 | 420.22 | 110.07 |
| Net income | (1.80) | 0.52 | 5.54 | 1.93 |
Rajgor Castor Derivatives Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (21.84) | 6.33 | 30.06 |
| PE ratio | – | – | 1.56 – 1.66 |
| RONW (%) | (120.35) | 25.85 | 23.44 |
| NAV | 18.15 | 24.48 | 15.75 |
| ROCE (%) | (0.92) | 12.03 | 22.97 |
| EBITDA (%) | (1.27) | 6.79 | 2.69 |
| Debt/Equity | 15.27 | 8.96 | 1.88 |
Rajgor Castor Derivatives Promoters
- Mr. Brijeshkumar Vasantlal Rajgor
- Mr. Vasantkumar Shankarlal Rajgor
- Mr. Maheshkumar Shankarlal Rajgor
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding |
Rajgor Castor Derivatives Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor, B 1311-1314, Near Rajpath Club,
Rajpath Rangoli Road, S.G. Highway, Ahmedabad- 380054
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Rajgor Castor Derivatives Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083, Maharashtra
Phone: +91 810 811 4949
E-mail: rajgorcastorderivatives.ipo@linkintime.co.in
Website: www.linkintime.co.in
Rajgor Castor Derivatives Contact Details
RAJGOR CASTOR DERIVATIVES LIMITED
807, Titanium One, Nr. Pakwan Cross Road,
Nr. Shabri Water Works, S.G. Highway,
Bodakdev, Ahmedabad-380054, Gujarat
Phone: +91 9898926368
E-mail: cs@rajgorcastor.com
Website: www.rajgorcastor.com
Rajgor Castor Derivatives IPO Allotment Status
Rajgor Castor IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Rajgor Castor Derivatives IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
