Wed Nov 27 06:50:00 UTC 2024: ## Rajputana Biodiesel IPO Opens, Aims to Raise ₹24.70 Crores

**MUMBAI, November 26, 2024** – Rajputana Biodiesel Ltd., a producer of premium biodiesel, launched its initial public offering (IPO) today, aiming to raise ₹24.70 crores. The IPO, a SME offering listed on the NSE, will close on November 28th.

The price band is set at ₹125 to ₹130 per share, with a minimum application amount of ₹130,000 (1000 shares). The IPO allocation is divided as follows: 35% for retail investors, 50% for qualified institutional buyers (QIBs), and 15% for non-institutional investors (NIIs).

Founded in 2016, Rajputana Biodiesel utilizes animal fat, cooking oil, and vegetable oil to produce biodiesel, contributing to renewable energy and reducing reliance on fossil fuels. The company boasts impressive growth, with a 128% revenue increase and a 168% rise in profit after tax (PAT) in 2024. Promoters Sarthak Soni, Tanay Attar, and Sudeep bring extensive experience to the company.

Investors interested in applying for the IPO can do so through ASBA-enabled bank accounts or by downloading and submitting IPO application forms. While the company recommends a long-term investment perspective, investors are advised to carefully consider the subscription numbers for QIBs, NIIs, and retail investors before making a decision. Early reports indicate strong investor interest. (Note: Further updates on subscription levels will be provided as they become available).

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