Rajgor Castor Derivatives IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHPLast Updated Date: Oct 20, 2023
Let’s have a detailed review of the company and analytics of the Rajgor Castor Derivatives IPO release date, IPO offer price, subscription, Rajgor Castor Derivatives Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
|Face Value||Rs 10|
|Price Band||Rs 47 to Rs 50|
|Listing At||NSE, SME|
|Min. Order Quantity||3000 Shares|
|Listing Date||October 31, 2023|
|Offer for Sale||Rs 333 Lakh|
|Fresh Issue||Rs 4,448 Lakh|
|IPO Size||Rs 4,781 Lakh|
Rajgor Castor Derivatives IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
|Live Performance – Rajgor Castor Derivatives Share Price|
Rajgor Castor Derivatives IPO – Summary
Their Company was originally incorporated as “Hindprakash Castor Derivatives Private Limited” as a private limited company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated June 13, 2018, issued by the Registrar of Companies, Central Registration Centre.
Subsequently, the name of their company was changed from “Hindprakash Castor Derivatives Private Limited” to “Ardent Castor Derivatives Private Limited”, pursuant to a special resolution passed by their Shareholders.
The Promoter of this company is MR. BRIJESHKUMAR VASANTLAL RAJGOR, MR. VASANTKUMAR SHANKARLAL RAJGOR AND MR. MAHESHKUMAR SHANKARLAL RAJGOR. The lead manager of the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar of this issue is LINK INTIME INDIA PRIVATE LIMITED.
Rajgor Castor Derivatives IPO Date
The opening and closing dates of Rajgor Castor Derivatives IPO are October 17, 2023, and October 20, 2023, respectively.
Rajgor Castor Derivatives IPO Subscription
|Day / Date||QIB||NII||RII||Total Subscription|
|1st Day – 17th Oct||10.76x||1.49x||5.67x||6.16x|
|2nd Day – 18th Oct||10.78x||3.87x||13.79x||10.79x|
|3rd Day – 19th Oct||10.79x||10.35x||26.56x||18.65x|
|4th Day – 20th Oct||35.52x||260.01x||80.70x||107.43x|
|Shares Offered or Net Issue||1,722,000||1,362,000||3,142,000||9,439,000|
The shares subscribed by the public will be updated here.
Rajgor Castor Derivatives IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Rajgor Castor Derivatives Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
|Basis of Allotment Finalization||October 26, 2023|
|Refunds Initiation||October 27, 2023|
|Credit of Shares to Demat Account||October 30, 2023|
|Share Listing Date||October 31, 2023|
Rajgor Castor Derivatives IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 47 to Rs 50
Rajgor Castor Derivatives IPO Equity Size
This Initial Public Issue of 9,561,000 Equity Shares of Rs.10 each for cash at a price of Rs 47 to Rs 50 per equity share aggregating to Rs.4,781 Lakh.
Rajgor Castor Derivatives IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 8,895,000 Equity Shares of Rs.10/ each.
Issue Size: 9,561,000 Equity Shares of Rs.10 each, aggregating to Rs.4,781 Lakh
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Rajgor Castor Derivatives IPO – Live Performance
The listing date of this IPO is October 31, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
|Live IPO Performance – Rajgor Castor Derivatives Share Price|
Rajgor Castor Derivatives IPO Grey Market Premium
The Rajgor Castor Derivatives Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Rajgor Castor Derivatives IPO – Company Overview
Rajgor Castor Derivatives Limited has commenced manufacturing of Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for the domestic market. They are currently operating on a B2B business Model and offer their customers Castor Oil and its derivatives.
As they are currently operating under a B2B business Model, they focus on operations relating to quality control, inventory management and business development. Being a customer-centric company, their prime focus is to attain the utmost client satisfaction by offering them quality products.
Their Company strives at all times to provide products that offer their customers designs with the desired finish and quality. Moreover, their ethical trade practices, transparent business dealings and timely delivery of products help them maintain cordial relations with their customers.
Rajgor Castor Derivatives IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
|Amount (in INR & Lakh)|
|Profit After Tax||192.57||554.47||52.19||(180.18)||(97.02)|
Earnings per Equity Share (in Lakh)
|Basic & Diluted||5.14||30.06||6.33||(21.84)||(11.76)|
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 554.47 Lakh, Rs. 52.19 Lakh and Rs. (180.18) Lakh respectively.
Rajgor Castor Derivatives IPO – Promoters
The Promoter of this company is:
- BRIJESHKUMAR VASANTLAL RAJGOR,
- VASANTKUMAR SHANKARLAL RAJGOR
- MAHESHKUMAR SHANKARLAL RAJGOR
List of Related Parties (Key Managerial Personnel)
- Brijeshkumar Vasantlal Rajgor – Managing Director
- Maheshkumar Shankarlal Rajgor – Chairman & Non-Executive Director
- Vasantkumar Shankarlal Rajgor – Executive Director
- Nishit Dushyant Shah – Independent Director
- Shivangi Gajjar – Independent Director
Rajgor Castor Derivatives IPO – Promoters Holding
- Pre-Issue Share Holding – 100%
- Post-Issue Share Holding – %
Rajgor Castor Derivatives IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||Up to 9561000 Equity Shares aggregating up to Rs.4,781 Lakh|
|Issue Reserved for the Market Makers||Up to 501000 Equity Shares aggregating up to Rs.[●]
|Net Issue to the Public||Up to 9060000 Equity Shares aggregating up to Rs.[●]
|Retail Investors Portion||Not less than 3142000 Equity Shares|
|Other than Retail Individual Investors||Not more than 1362000 Equity Shares|
|Equity Shares outstanding prior to the Issue||15020852 Equity Shares|
|Equity Shares outstanding after the Issue||23915852 Equity Shares|
Rajgor Castor Derivatives IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- To Meet Working Capital Requirements
- General Corporate Purpose
- To meet Public Offer Expenses
Rajgor Castor Derivatives IPO – Business Strategy
- Increase their Global Presence through Exports
- Leveraging their market skills and relationship
- Improving functional efficiency through technology enhancements
- Brand image
Rajgor Castor Derivatives IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Management Team
- Quality Control and Quality Assurance
- Diversified business model and customer base
- Scalable Business Model
The relevant quantitative factors are:
|Basic & Diluted EPS||RONW (%)||NAV (Rs.)|
Rajgor Castor Derivatives IPO: Competitive Peers
|Face Value (Rs.)||P/E||EPS (Rs.)||Return on Net Worth (%)||Revenue from operations (Rs. in Lakhs)|
|Rajgor Castor Derivatives Limited||10||[●]||30.06||23.44%||42,878.06|
|Jayant Agro Organics Limited||5||10.47||14.02||10.01%||113,982.36|
|NK Industries Limited||10||Negative||(2.68)||Negative||240.56|
Rajgor Castor Derivatives IPO Lead Managers
|BEELINE CAPITAL ADVISORS PRIVATE LIMITED
SEBI Registration Number: INM000012917
Address: B 1311-1314 Thirteenth Floor Shilp Corporate Park Rajpath Rangoli Road Thaltej Ahmedabad Gujarat
Telephone Number: +91 79 4918 5784
Email Id: email@example.com
Investors Grievance Id: firstname.lastname@example.org
Contact Person: Mr. Nikhil Shah
Rajgor Castor Derivatives IPO Registrar to offer
|Registrar to the Offer|
|LINK INTIME INDIA PRIVATE LIMITED
SEBI Registration Number: INR000004058
Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai, Maharashtra, India
– 400 083.
Tel. Number: +91 810 811 4949 Fax- +91 22 4918 6195
Email Id: email@example.com
Investors Grievance Id: firstname.lastname@example.org
Contact Person: Shanti Gopalkrishnan
Rajgor Castor Derivatives IPO – Other Details
- Statutory Auditor – V S S B & Associates, Chartered Accountants
- Legal Counsel to the Company – Adv. Mohan Kanojiya
- Bankers to the Company – AXIS BANK LIMITED and The Mehsana Urban Co-operative Bank Limited
Rajgor Castor Derivatives IPO Review by Stock Brokers
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Rajgor Castor Derivatives Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Rajgor Castor Derivatives IPO Review FAQs
Check out various FAQs related to Rajgor Castor Derivatives IPO:
What is the Issue Size of Rajgor Castor Derivatives IPO?
The Company is making an initial public offer of 9,561,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Rajgor Castor Derivatives IPO?
The price band for this particular IPO ranges between Rs 47 to Rs 50. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Rajgor Castor IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on October 17, 2023, while the closing date is set at October 20, 2023.
What is the Rajgor Castor Derivatives IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on October 26, 2023, refund initiation is on October 27, 2023, credit of shares is on October 30, 2023, and share listing date is on October 31, 2023.
What is the Rajgor Castor Derivatives IPO Listing Date?
Shares of this company shall be listed in the exchanges on October 31, 2023. The date, when the listing would be done, is stagnant on October 31, 2023.
Who is the Registrar of Rajgor Castor IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Rajgor Castor IPO?
Here are the promoters of this IPO – MR. BRIJESHKUMAR VASANTLAL RAJGOR, MR. VASANTKUMAR SHANKARLAL RAJGOR AND MR. MAHESHKUMAR
SHANKARLAL RAJGOR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Rajgor Castor IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Rajgor Castor IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Rajgor Castor Derivatives Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 554.47, 2022 is 52.19, and 2021 is (180.18). PAT from Jun 2023 is 192.57.
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