Rajgor Castor Derivatives Limited IPO : Key Dates

Rajgor Castor Derivatives Limited IPO is set to launch on 17 October, 2023. The company initiated its business operations in the year 2018. It manufactures castor oil based products. The product list of the firm has Castor De-Oiled Cake, Refined Castor Oil First Grade and High Protein Castor De-Oiled Cake. The company’s manufacturing facility is located in Banaskantha. The company has an employee base of 60 people. The clients of the company include Paints, Lubricants, Cable Insulators, Pharmaceuticals, Inks, Sealants, Rubber, Poultry farms, Textiles etc.

Rajgor Castor Derivatives Limited IPO DETAILS

Rajgor Castor Derivatives Limited IPO is set to launch on 17 October, 2023. The subscription timeline extends till 20 October, 2023. The size for the IPO is 47.81 Crore Rs. Shares issued through fresh issue mode are worth 44.48 Crore Rs. Shares issued through offer for sale mode are worth Rs 3.33 Crore Rs. The lot size is 3000 shares and the price is 47 Rs to 50 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of Rajgor Castor Derivatives Limited IPO 

Rajgor Castor Derivatives Limited IPO : IMPORTANT DATES

Rajgor Castor Derivatives Limited IPO begins for subscription from 17 October, 2023. The IPO subscription would continue till 20 October, 2023. The allotment status for the shareholders who applied would come on 26 October, 2023. The refunds for the ones who did not get allotment would be initiated on 27 October, 2023. The DEMAT accounts of shareholders would be credited on 30 October, 2023. The listing of the company would be completed on 31 October, 2023.

Rajgor Castor Derivatives Limited IPO : Lead Managers

The lead managers are :

• Beeline Capital Advisors Private Limited

The minimum lot size for the company is decided at 3000 shares. This holding accounts to 150000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 300000 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The funds will also be used for expansion purposes.

COMPANY FINANCIALS

Rajgor Castor Derivatives Limited had an asset base of 2578 Lakh Rs in 2021 which increased to 3753 Lakh Rs in 2022. The assets more than doubled to 7782 Lakh Rs in 2023. The revenue of the firm was 1100 Lakh Rs in 2021. However this increased to 4091 Lakh Rs in 2022. The revenue boosted by more than 10 times to 42887 Lakh Rs in 2023. The company suffered from a loss of 180 Lakh Rs in 2021. This became 52 Lakh Rs in 2022. However in the year 2023 this boosted to 554 Lakh Rs in the year 2023.

PROS

• The product list of the firm has Castor De-Oiled Cake, Refined Castor Oil First Grade and High Protein Castor De-Oiled Cake. 
• The company’s manufacturing facility is located in Banaskantha. The company has an employee base of 60 people. 
• The clients of the company include Paints, Lubricants, Cable Insulators, Pharmaceuticals, Inks, Sealants, Rubber, Poultry farms, Textiles etc.

CONS

• The company works in a highly competitive segment.

Rajgor Castor Derivatives Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Rajgor Castor Derivatives Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.