Rajputana Biodiesel IPO to open on November 26, price band at Rs 123-130 per share

Tue Nov 26 07:34:16 UTC 2024: ## Rajputana Biodiesel to Debut on Dalal Street with Rs 24.7 Crore IPO

**Mumbai, India** – Rajputana Biodiesel, a Rajasthan-based biofuel producer, is set to launch its initial public offering (IPO) on November 26th, aiming to raise Rs 24.7 crore. The IPO, comprising a fresh issue of 19 lakh equity shares, will close on November 28th, with shares trading on the NSE Emerge from December 3rd.

The price band for the IPO has been fixed at Rs 123-130 per share. Retail investors can bid for a minimum of 1,000 shares (one lot) up to a maximum of Rs 2 lakh. Allocation is divided between Qualified Institutional Buyers (50%), retail investors (35%), and non-institutional investors (15%).

Rajputana Biodiesel, with a daily production capacity of 24 kiloliters, produces biofuels and by-products like glycerine and fatty acids. The company plans to utilize the IPO proceeds for various purposes, including a Rs 4.2 crore loan to its subsidiary for facility expansion, Rs 12.2 crore for working capital, and the remainder for general corporate purposes. GYR Capital Advisors is acting as the merchant banker for the IPO.

This news follows other recent IPO announcements, highlighting continued activity in the Indian market. Meanwhile, the Traders Gurukul’s BOTS (India’s Largest Regional Retail Option Traders Summit) continues its monthly events across major Indian cities, providing a platform for options trading discussions and potentially generating leads for brokers. For further market updates, including Sensex and Nifty information, readers can refer to Moneycontrol.