Wed Nov 27 04:50:41 UTC 2024: ## Rajputana Biodiesel Launches IPO, Seeking INR 23.37-24.70 Crores
**Jaipur, Rajasthan, India –** Rajputana Biodiesel Limited, a Rajasthan-based manufacturer and supplier of biofuels, glycerine, and fatty acids, has launched its Initial Public Offering (IPO). The company is seeking to raise between INR 23.37 and 24.70 crores through the offering, with shares priced between INR 123 and INR 130. The minimum lot size is 1,000 shares.
Rajputana Biodiesel operates a 4,000 square meter manufacturing facility in Phulera, Rajasthan, with an installed capacity of 24 kiloliters of biodiesel per day. The company secures orders through government PSUs and private clients. As of July 31st, 2024, the company employed 30 permanent staff. The company plans to use proceeds from the IPO to enhance the value of its by-products and explore export opportunities.
The IPO allotment status will be available on the Maashitla Securities website. Further details about the IPO, including contact information for lead managers GYR Capital Advisors and Maashitla Securities, are available on Rajputana Biodiesel’s website: http://www.rajputanabiodiesel.com.
**Disclaimer:** *This news article is for informational purposes only and does not constitute investment advice.*
First Piper 