Rajgor Castor Derivatives IPO Details ( Rajgor Castor Derivatives Limited IPO Review )
(17 Oct 2023 – 20 Oct 2023)
Rajgor Castor Derivatives Limited was founded in 2018 and makes castor oil-based products for the Indian market. They offer:
- Refined Castor Oil First Stage Grade (F.S.G.): This is bleached Castor Oil meeting British Standard Specifications. It’s used in lubricants, paints, pharmaceuticals, cable insulators, sealants, inks, rubber, textiles, and even for health purposes like relieving constipation, promoting eyelash and hair growth, moisturizing skin, and improving immunity. It’s also applied to food grains to protect them from insects and fungi.
- Castor De-Oiled Cake: This product is made by crushing castor seeds to extract oil at a controlled temperature using steam. It’s used as a fertilizer due to its high content of nitrogen, phosphoric acid, potash, and moisture retention.
- High Protein Castor De-Oiled Cake: This organic manure enhances soil fertility without causing harm or decay.
Their manufacturing facility is located in Banaskantha, and as of July 31, 2023, they have over 60 employees. Rajgor Castor Derivatives serves clients in the lubricants, paints, pharmaceuticals, cable insulators, sealants, inks, rubber, textiles, organic fertilizer manufacturing, and poultry farming industries.
Rajgor Castor Derivatives Limited Company Product
- Refined Castor Oil First Stage Grade (F.s.g.)
- Specification of Refined Castor Oil
- Castorde-oilcake
- Highproteincastorde-oiled cake
- 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
Rajgor Castor Derivatives IPO Financials Performance ( Results )
Rajgor Castor Derivatives Limited Financial Information ()
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-20 | 2,645.34 | 1,497.33 | -97.02 | 318.12 | ||||
| 31-Mar-21 | 2,578.48 | 1,100.69 | -180.18 | -21.84 | 149.71 | 18.15 | 137.93 | 2,286.28 |
| 31-Mar-22 | 3,753.42 | 4,091.30 | 52.19 | 6.33 | 201.90 | 24.48 | 190.12 | 1,809.51 |
| 31-Mar-23 | 7,782.64 | 42,887.35 | 554.47 | 30.06 | 2,365.55 | 15.75 | 2,150.97 | 4,450.93 |
| 30-Jun-23 | 9,847.95 | 11,276.10 | 192.57 | 5.14 | 2,558.24 | 17.03 | 2,343.54 | 5,178.96 |
Objective of Rajgor Castor Derivatives IPO Issue
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Offer Expenses.
Rajgor Castor Derivatives IPO Basic Details
| IPO Date | Oct 17, 2023 to Oct 20, 2023 |
| Listing Date | Tuesday, October 31, 2023 |
| Face Value | ₹10 per share |
| Price | ₹47 to ₹50 per share |
| Lot Size | 3000 Shares |
| Issue Size | 9,561,000 shares of ₹10 (aggregating up to ₹47.81 Cr) |
| Fresh Issue | 8,895,000 shares of ₹10 (aggregating up to ₹44.48 Cr) |
| Offer for Sale | 666,000 shares of ₹10 (aggregating up to ₹3.33 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,020,852 |
| Share holding post issue | 23,915,852 |
| Company Promoters | Mr. Brijeshkumar Vasantlal Rajgor, Mr. Vasantkumar Shankarlal Rajgor and Mr. Maheshkumar Shankarlal Rajgor |
Rajgor Castor Derivatives IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Rajgor Castor Derivatives IPO Timetable
Rajgor Castor Derivatives IPO will open on October 17, 2023 and close on October 20, 2023. You can join Rajgor Castor Derivatives IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 17 October 2023 (Tuesday) |
| Closing Date | 20 October 2023 (Friday) |
| Basis of Allotment | 26 October 2023 (Thursday) |
| Initiation of Refunds | 27 October 2023 (Friday) |
| Credit of Shares to Demat | 30 October 2023 (Monday) |
| Listing Date | 31 October 2023 (Tuesday) |
| Deadline for UPI mandate confirmation | 5 PM on 20 October 2023 |
Rajgor Castor Derivatives IPO Lot Size
For retail investors in Rajgor Castor Derivatives IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹150,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹150,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| S-HNI (Min) | 2 | 6000 | ₹300,000 |
Rajgor Castor Derivatives IPO Promoter Holding
The company’s promoters include Mr. Brijeshkumar Vasantlal Rajgor, Mr. Vasantkumar Shankarlal Rajgor and Mr. Maheshkumar Shankarlal Rajgor.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Rajgor Castor Derivatives Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 119.58 |
| Earning Per Share (EPS) | ₹30.06 per Equity Share |
| Net Asset Value (NAV) | ₹15.75 per Equity Share |
| Post P/E Ratio (P/E) (x) | 15.48 |
| Return on Net Worth (RoNW) (%) | 23.44 |
| Return on equity (ROE) (%) | 43.19 |
| Return on Capital Employed (ROCE) (%) | 22.97 |
| Debt/Equity Ratio | 1.88 |
Rajgor Castor Derivatives Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Rajgor Castor Derivatives Limited | Standalone | 50 | 10 | 30.06 | 15.48 | 23.44 | 15.75 |
| Peer Group | |||||||
| Jayant Agro Organics Limited | Standalone | 146.75 | 5 | 14.02 | 10.47 | 10.01 | 140.07 |
| NK Industries Limited | Standalone | 35.30 | 10 | -2.68 | Negative | Negative | -567.88 |
Rajgor Castor Derivatives IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 27 October 2023 | ₹4 | – | – |
| 26 October 2023 | ₹4 | – | – |
| 25 October 2023 | ₹4 | – | – |
| 24 October 2023 | ₹8 | – | – |
| 23 October 2023 | ₹8 | – | – |
| 22 October 2023 | ₹8 | – | – |
| 21 October 2023 | ₹8 | – | – |
| 20 October 2023 | ₹12 | – | – |
| 19 October 2023 | ₹12 | – | – |
Rajgor Castor Derivatives IPO Detail Video:
Rajgor Castor Derivatives IPO Subscription Status (Bidding Detail)
The Rajgor Castor Derivatives IPO on October 20, 2023 at 7:30:00 AM was subscribed 107.43 times, with the retail category being subscribed 80.70 times, the NII (Non-Institutional Investor) category being subscribed 260.01 times, QIB (Qualified-Institutional Buyers) category being subscribed 35.52 times.
| Category | Subscription |
| QIB | 35.52x |
| NII | 260.01x |
| Retail | 80.70x |
| Total | 107.43x |
Rajgor Castor Derivatives IPO Prospectus
| Rajgor Castor Derivatives IPO DRHP | Download |
| Rajgor Castor Derivatives IPO RHP | Download |
| Rajgor Castor Derivatives IPO Anchor Investors Details PDF | Download |
Rajgor Castor Derivatives IPO Rating
| Our Rating | 3.0/5.0 |
Rajgor Castor Derivatives Company Contact Information
Rajgor Castor Derivatives Limited
Registered Office: 807, Titanium One, Nr. Pakwan Cross Road, Nr. Shabri Water Works,
S.G. Highway, Bodakdev, Ahmedabad-380054, Gujarat, India.
Website: www.rajgorcastor.com
E-Mail: cs@rajgorcastor.com
Telephone No: +91 9898926368
Company Secretary and Compliance Officer: Mr. Parin Shah
Promoters of Our Company: Mr. Brijeshkumar Vasantlal Rajgor, Mr. Vasantkumar Shankarlal Rajgor and Mr. Maheshkumar Shankarlal Rajgor
Rajgor Castor Derivatives IPO Registrar
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: 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 Lead Manager
Beeline Capital Advisors Private Limited
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 FAQs
What is the lot size of Rajgor Castor Derivatives IPO?
The total size of Rajgor Castor Derivatives IPO is ₹47.81 crores out of which ₹44.48 crores is fresh issue and ₹3.33 crores is offer for sale (OFS).
When will Rajgor Castor Derivatives IPO start?
Rajgor Castor Derivatives IPO will open from 17 October 2023 and IPO will close on 20 October 2023.
What is the open date of Rajgor Castor Derivatives IPO?
Rajgor Castor Derivatives IPO will open date from 17 October 2023.
What is the last date ( close date ) of Rajgor Castor Derivatives IPO?
Rajgor Castor Derivatives IPO will close from 20 October 2023.
What is the price band of Rajgor Castor Derivatives IPO?
Rajgor Castor Derivatives IPO price band is ₹47 to ₹50. ( Upper Price Band: ₹50, Lower Price Band: ₹47 )
What is the minimum amount required to apply for Rajgor Castor Derivatives IPO?
The minimum investment for retailers to apply for Rajgor Castor Derivatives IPO is ₹150,000 and the maximum investment is ₹150,000.
What is going on gray market premium of Rajgor Castor Derivatives IPO?
View gray market premium of Rajgor Castor Derivatives IPO by Clicking Here
How much is the GMP of Rajgor Castor Derivatives IPO?
Watch Rajgor Castor Derivatives IPO GMP Today: Click Here
What is the allotment date of Rajgor Castor Derivatives IPO?
The allotment date of Rajgor Castor Derivatives IPO is 26 October 2023.
How to check allotment status in Rajgor Castor Derivatives IPO?
To check the allotment status of Rajgor Castor Derivatives IPO, first of all go to the registrar website by clicking here, select your bad Rajgor Castor Derivatives IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Rajgor Castor Derivatives IPO?
The listing date of Rajgor Castor Derivatives IPO is 31 October 2023.
How much will be the listing gain in Rajgor Castor Derivatives IPO?
View listing gain of Rajgor Castor Derivatives IPO by Clicking Here
How much time Rajgor Castor Derivatives IPO is subscribed?
Total 107.43 times subscribed in Rajgor Castor Derivatives IPO out of which 80.70 times subscription was done in retail quota, 260.01 times subscription in NII quota and 35.52 times subscription in QIB quota.
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