Rajgor Castor Derivatives IPO GMP Today ( Grey Market )

The Rajgor Castor Derivatives IPO commenced on October 17, 2023, and concluded on October 20, 2023. The allotment of shares took place on October 26, 2023, and the initiation of refunds began on October 27, 2023. The shares were credited to the demat accounts of investors on October 30, 2023. Finally, the listing of Rajgor Castor Derivatives on the stock exchange occurred on October 31, 2023.

The Rajgor Castor Derivatives IPO was priced at ₹47 to ₹50 per share, with a lot size of 3000 shares. The total issue size was ₹47.81 crores, comprising a fresh issue of ₹44.48 crores and an offer for sale of ₹3.33 crores. The IPO was listed on the NSE SME.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

Rajgor Castor Derivatives Ltd IPO Basic Details

Rajgor Castor Derivatives IPO GMP Today:

Rajgor Castor Derivatives Limited IPO Details:

Rajgor Castor Derivatives Limited started in 2018, and they make products from castor oil for the Indian market. Here’s what they offer:

1. Refined Castor Oil First Stage Grade (F.S.G.): This is castor oil that’s been purified to meet British standards. It’s used in lots of things like lubricants, paint, medicine, cable insulation, sealants, inks, rubber, textiles, and more. People also use it for things like relieving constipation, helping eyelashes grow, promoting hair growth, moisturizing skin, and boosting the immune system. Plus, it can be used on food grains to protect them from bugs and fungi.
2. Castor De-Oiled Cake: This comes from squeezing oil out of castor seeds with steam. It’s rich in nitrogen, phosphoric acid, potash, and can keep moisture in the soil. Farmers use it as a fertilizer.
3. High Protein Castor De-Oiled Cake: This organic fertilizer makes soil more fertile without harming it.

Their manufacturing plant is in Banaskantha, and as of July 31, 2023, they have more than 60 employees.

Rajgor Castor Derivatives serves clients in the lubricant, paint, pharmaceutical, cable insulation, sealant, ink, rubber, textile, and organic fertilizer industries, as well as farmers and poultry farms.

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