Tue Nov 26 07:34:07 UTC 2024: ## Rajputana Biodiesel to Launch IPO Seeking ₹24.70 Crores

**Jaipur, India – November 25, 2024** – Rajputana Biodiesel Limited, a Jaipur-based biodiesel producer, announced its Initial Public Offering (IPO) will open on November 26th and close on November 28th, 2024. The company aims to raise ₹24.70 crores through a book-built issue, entirely comprised of fresh equity shares with a face value of ₹10 each. The IPO price band is set at ₹125-₹130 per share.

The IPO will allocate 35% of shares to retail investors, 50% to Qualified Institutional Buyers (QIBs), and 15% to High Net Worth Individuals (HNIs). Allotment is scheduled for November 29th, with listing on the National Stock Exchange (NSE) on December 3rd. The minimum application amount is ₹130,000 for a lot of 1000 shares.

Founded in 2016, Rajputana Biodiesel produces biodiesel from renewable sources like animal fat and vegetable oil, aligning with sustainable energy goals. The company reported significant growth in 2024, with revenue increasing by 128% to ₹53.68 crores and Profit After Tax (PAT) soaring by 168% to ₹4.52 crores compared to the previous year. This strong financial performance is cited as a reason for long-term investment potential.

Promoters of the company include Mr. Sarthak Soni, Mr. Tanay Attar, Mr. Sudeep Soni, and Mrs. Madhuri Surana. Further details on the IPO, including EPS, P/E ratio, RoNW, and NAV, can be found on the company website: [https://rajputanabiodiesel.com/](https://rajputanabiodiesel.com/). Investors can contact Maashitla Securities Private Limited for further assistance: +91-11-45121795-96, [email protected]

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