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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
Tick Size 1

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

Rajgor Castor Derivatives IPOTheir 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.


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:

    Financial Summary:

    Amount (in INR & Lakh)
    30-Jun-23 31-Mar-23 31-Mar-22 Mar-21 31-Mar-20
    Total Assets 9,847.95 7,782.64 3,753.42 2,578.48 2,645.34
    *Total Revenue 11,276.10 42,887.35 4,091.30 1,100.69 1,497.33
    Total Expense 11,007.02 42,021.55 4,059.21 1,352.66 1,633.73
    Profit After Tax 192.57 554.47 52.19 (180.18) (97.02)

    Earnings per Equity Share (in Lakh)

    30-Jun-23 31-Mar-23 31-Mar-22 Mar-21 31-Mar-20
    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:


    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
    of which:
    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.[●]
    Of which:
    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:

    1. To Meet Working Capital Requirements
    2. General Corporate Purpose
    3. 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.)
    31-Mar-23 30.06 23.44% 15.75
    31-Mar-22 6.33 25.85% 24.48
    Mar-21 (21.84) (120.35 %) 18.15

    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
    Listed Peers
    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

    Lead Managers
    SEBI Registration Number: INM000012917
    Address: B 1311-1314 Thirteenth Floor Shilp Corporate Park Rajpath Rangoli Road Thaltej Ahmedabad Gujarat
    380054 India.
    Telephone Number: +91 79 4918 5784
    Email Id: mb@beelinemb.com
    Investors Grievance Id: ig@beelinemb.com
    Website: www.beelinemb.com
    Contact Person: Mr. Nikhil Shah
    CIN: U67190GJ2020PTC114322

    Rajgor Castor Derivatives IPO Registrar to offer

    Registrar to the Offer
    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: rajgorcastorderivatives.ipo@linkintime.co.in
    Investors Grievance Id: rajgorcastorderivatives.ipo@linkintime.co.in
    Website: www.linkintime.co.in
    Contact Person: Shanti Gopalkrishnan
    CIN: U67190MH1999PTC118368

    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

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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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?

      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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