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
|Company Name||Rajgor Castor Derivatives Limited|
|Domain of Company||Castor Oil-based Products|
|Rajgor Castor Derivatives IPO GMP Today||₹10|
|Rajgor Castor Derivatives IPO Listing Gain||20.00%|
|Rajgor Castor Derivatives IPO Open Date||October 17, 2023|
|Rajgor Castor Derivatives IPO Close Date||October 20, 2023|
|Rajgor Castor Derivatives IPO Allotment Date||October 26, 2023|
|Rajgor Castor Derivatives IPO Listing Date||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|
|Company Promoters||Mr. Brijeshkumar Vasantlal Rajgor,|
Mr. Vasantkumar Shankarlal Rajgor and
Mr. Maheshkumar Shankarlal Rajgor
Rajgor Castor Derivatives IPO GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|14 October 2023||₹10||20.00%||–||–|
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:
- 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.
- 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.
- 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.
Rajgor Castor Derivatives IPO More Details Click Here
Rajgor Castor Derivatives IPO FAQs
When is Rajgor Castor Derivatives IPO open?
Rajgor Castor Derivatives IPO will open on 17 October 2023.
When is Rajgor Castor Derivatives IPO Close?
Rajgor Castor Derivatives IPO will be closed on 20 October 2023.
What is Rajgor Castor Derivatives IPO GMP Today?
The Rajgor Castor Derivatives IPO GMP aka Grey Market Premium is ₹10.
What is Rajgor Castor Derivatives IPO Kostak Rates Today?
The Rajgor Castor Derivatives IPO Kostak Rate is ₹000.
What is Rajgor Castor Derivatives IPO Subject to Sauda Price Today?
The Rajgor Castor Derivatives IPO subject to sauda rates is ₹000.
Rajgor Castor Derivatives IPO Expected Returns?
The Rajgor Castor Derivatives expected return is 20.00%.
How much will be the listing gain in Rajgor Castor Derivatives IPO?
Rajgor Castor Derivatives IPO will get listing gain of 20.00%. (Approx.)