In this article you get to know insight about Rajgor Castor Derivatives Limited IPO Details. Incorporated in 2018, Rajgor Castor Derivatives Limited has swiftly established itself as a leading manufacturer in the field of castor derivatives. Our core product offerings include Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake, and High Protein Castor De-Oiled Cake, catering primarily to the domestic market.
Our Commitment to Quality:
At Rajgor Castor Derivatives Limited, we take immense pride in delivering high-quality castor derivatives that meet the stringent standards of the industry. Our state-of-the-art manufacturing facilities and a team of dedicated professionals ensure that our products consistently meet or exceed the expectations of our customers.
Refined Castor Oil First Stage Grade (F.S.G.): Our F.S.G. is a premium product crafted through a meticulous refining process. It finds versatile applications across various industries, including pharmaceuticals, cosmetics, and industrial lubricants. The exceptional purity and quality of our F.S.G. make it a preferred choice among discerning clients.
Castor De-Oiled Cake: Our Castor De-Oiled Cake is a byproduct of castor oil extraction. It is a valuable organic fertilizer known for its nutrient-rich composition. Farmers and agricultural enthusiasts trust our De-Oiled Cake to enhance soil fertility and crop yields.
High Protein Castor De-Oiled Cake: Our High Protein Castor De-Oiled Cake is an advanced derivative of castor seeds. It contains an elevated protein content, making it an excellent choice for livestock feed. This product is prized for its nutritional benefits, contributing to healthier and more productive livestock.
Domestic Market Focus:
While our journey began in 2018, we have rapidly solidified our presence in the domestic market. Our commitment to product excellence, customer satisfaction, and ethical business practices has earned us the trust of clients across India. We are dedicated to continuing our growth trajectory by expanding our product range and exploring opportunities for collaboration and innovation.
Objects of the Issue
Meeting Working Capital Requirements:
A significant portion of the funds raised from the Fresh Issue will be allocated towards meeting our working capital requirements. This includes ensuring a smooth and uninterrupted operational flow within the company. Adequate working capital is crucial for managing day-to-day business operations, maintaining inventory levels, and fulfilling customer orders promptly. By allocating funds in this manner, we aim to optimize our production and distribution processes to better serve our clients.
General Corporate Purpose:
Another essential objective for utilizing the proceeds from the Fresh Issue is to support our general corporate purposes. This category encompasses a wide range of potential uses, including but not limited to strategic investments, research and development initiatives, and potential expansion opportunities. By having funds available for general corporate purposes, we can remain agile and responsive to emerging market trends and opportunities.
Meeting Public Offer Expenses:
Conducting an IPO incurs various expenses, including underwriting fees, legal and regulatory compliance costs, marketing and promotional expenses, and administrative costs associated with the IPO process. The funds from the Fresh Issue will be utilized to cover these public offer expenses. This ensures that the IPO process is executed efficiently, allowing us to reach a broader investor base and make the transition from a private company to a publicly-traded entity as seamless as possible.
Rajgor Castor Derivatives Limited IPO Details
| IPO Date | October 17, 2023 to October 20, 2023 |
| Face Value | ₹10 per share |
| Price | ₹47 to ₹50 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 9,561,000 shares(aggregating up to ₹47.81 Cr) |
| Fresh Issue | 8,895,000 shares (aggregating up to ₹44.48 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing | NSE SME |
| Share holding pre issue | 15,020,852 |
| Share holding post issue | 23,915,852 |
| Market Maker portion | 501,000 shares |
Rajgor Castor Derivatives Limited IPO Reservation
Qualified Institutional Buyers (QIBs):
Shares Offered: Not more than 50.00% of the Net Offer
Qualified Institutional Buyers (QIBs) typically include institutional investors such as mutual funds, insurance companies, banks, and other financial institutions. They are allotted a portion of the IPO shares, but this allocation does not exceed 50.00% of the total shares offered.
Retail Investors:
Shares Offered: Not less than 35.00% of the Offer
Retail investors, which include individual investors, are allocated a minimum of 35.00% of the total shares offered in the IPO. This allocation is designed to promote retail participation in the IPO and provide opportunities for individual investors to invest in the company.
Non-Institutional Investors (NII) or High Net Worth Individuals (HNIs):
Shares Offered: Not less than 15.00% of the Offer
Non-Institutional Investors (NII) or High Net Worth Individuals (HNIs) are allocated a minimum of 15.00% of the total shares offered. This category typically includes investors who do not fall under the QIB or retail categories and have the financial capacity to invest larger amounts.
These allocations aim to create a balanced and equitable distribution of shares among different investor groups, ensuring that institutional investors, retail investors, and high net worth individuals all have the opportunity to participate in the IPO based on their respective categories.
Rajgor Castor Derivatives Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹150,000 |
| Retail (Max) | 1 | 3000 | ₹150,000 |
| HNI (Min) | 2 | 6000 | ₹300,000 |
Rajgor Castor Derivatives Limited IPO Promoter Holding
Mr. Brijeshkumar Vasantlal Rajgor, Mr. Vasantkumar Shankarlal Rajgor, and Mr. Maheshkumar Shankarlal Rajgor are the dedicated promoters of Rajgor Castor Derivatives Limited. As of the pre-issue stage, they collectively hold 100% of the company’s shares.
Promoters play a vital role in the growth and success of a company, as their expertise, vision, and commitment are integral to its operations. Their significant shareholding demonstrates their commitment to the company’s objectives and its future growth.
The upcoming Initial Public Offering (IPO) will likely provide an opportunity for the promoters to divest a portion of their shares to the public while also raising capital for the company’s expansion and development. This strategic move can help in broadening the ownership base and increasing the company’s access to capital markets, which, in turn, can fuel further growth and expansion.
Rajgor Castor Derivatives Limited IPO Tentative Dates
| IPO Open Date | Tuesday, October 17, 2023 |
| IPO Close Date | Friday, October 20, 2023 |
| Basis of Allotment | Thursday, October 26, 2023 |
| Initiation of Refunds | Friday, October 27, 2023 |
| Credit of Shares to Demat | Monday, October 30, 2023 |
| Listing Date | Tuesday, October 31, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 20, 2023 |
Rajgor Castor Derivatives Limited IPO Registrar
You can contact Link Intime India Private Ltd for any inquiries or assistance concerning the Rajgor Castor Derivatives Limited IPO. To inquire about allotment status and other matters related to the IPO, you can reach them via phone at +91-22-4918 6270 or send an email to rajgorcastorderivatives.ipo@linkintime.co.in. Whether you have questions or need information regarding the IPO process, Link Intime is there to provide the necessary support and guidance.
FAQ
What is Rajgor Castor Derivatives IPO?
The Rajgor Castor Derivatives IPO represents a Small and Medium-sized Enterprises (SME) IPO, consisting of a total offering of 9,561,000 equity shares, each with a face value of ₹10. This IPO aims to raise capital amounting to ₹47.81 Crores. The shares are priced in the range of ₹47 to ₹50 per share, providing investors with different price options to participate. To participate in this IPO, investors need to adhere to the minimum order quantity, which is set at 3,000 shares. The subscription window for the Rajgor Castor Derivatives IPO is scheduled to open on October 17, 2023, and will conclude on October 20, 2023. This timeframe allows investors to submit their applications during the specified subscription period. Investors interested in this IPO should carefully consider their investment goals and the IPO pricing before making their investment decisions. It’s also essential to follow the specific application procedures and timelines provided by the issuing company and the relevant intermediaries to participate successfully in the IPO.
How to apply in Rajgor Castor Derivatives IPO through Zerodha?
Zerodha provides a convenient online platform for its customers to apply for the Rajgor Castor Derivatives IPO using the UPI (Unified Payments Interface) as a payment gateway. Here are the step-by-step instructions on how Zerodha customers can apply for the Rajgor Castor Derivatives IPO:
Visit Zerodha Website and Log In:
Start by visiting the official Zerodha website and log in to your Zerodha account using your credentials.
Access Portfolio and IPOs:
After logging in, navigate to the “Portfolio” section within your Zerodha Console (back office) account.
Select IPOs:
Within the “Portfolio” section, look for and click on the “IPOs” link. This will take you to the IPO application interface.
Find Rajgor Castor Derivatives IPO:
Locate the ‘Rajgor Castor Derivatives IPO’ in the list of available IPOs. Click on this particular IPO to proceed with your application.
Place Your Bid:
Once you’ve selected the Rajgor Castor Derivatives IPO, you will see an option to ‘Bid.’ Click on this ‘Bid’ button to initiate your application.
Enter Application Details:
In the IPO application form, you will need to provide the following details:
Your UPI ID (Unified Payments Interface Identifier)
The quantity of Rajgor Castor Derivatives IPO shares you wish to apply for.
The price at which you want to bid for the shares.
Submit Application Form:
After entering the necessary information, review your application details carefully. Once you are satisfied that all details are accurate, click the ‘Submit’ button to complete the IPO application form.
UPI App Approval:
To finalize your IPO application, you will need to visit your UPI App, which could be your net banking portal or a BHIM (Bharat Interface for Money) app, to approve the mandate for the IPO application.
When Rajgor Castor Derivatives IPO will open?
The Rajgor Castor Derivatives IPO opens on October 17, 2023 and closes on October 20, 2023.
What is the lot size of Rajgor Castor Derivatives IPO?
Rajgor Castor Derivatives IPO lot size is 3000 Shares, and the minimum amount required is ₹150,000.
How to apply for Rajgor Castor Derivatives IPO?
You can apply in Rajgor Castor Derivatives IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services
.When is Rajgor Castor Derivatives IPO allotment?
The finalization of Basis of Allotment for Rajgor Castor Derivatives IPO will be done on Thursday, October 26, 2023, and the allotted shares will be credited to your demat account by Monday, October 30, 2023.
When is Rajgor Castor Derivatives IPO listing date?
The Rajgor Castor Derivatives IPO listing date is not yet announced. The tentative date of Rajgor Castor Derivatives IPO listing is Tuesday, October 31, 2023.