Rajgor Castor Derivatives IPO Allotment Date- The Rajgor Castor Derivatives Initial Public Offering (IPO) auction was held from October 17, 2023 to October 20, 2023. On Thursday, October 26, 2023, the allotment for Rajgor Castor Derivatives IPO was completed. The proposed listing date for the Rajgor Castor Derivatives Initial Public Offering (IPO) is Tuesday, October 31, 2023, on NSE SME. The IPO pricing range for Rajgor Castor Derivatives is ₹47 to ₹50 per share. An application must have a minimum lot size of 3000 shares. Retail investors are needed to invest a minimum of ₹150,00. HNI investments need a minimum lot size of two lots, or 6,000 shares, totaling ₹300,000.
The bidding process for the Rajgor Castor Derivatives Initial Public Offering (IPO) was held from October 17, 2023, until October 20, 2023. The Rajgor Castor Derivatives IPO Allotment Status will be determined on October 26, 2023. The refund period will start on October 27, 2023, and the shares will be credited to the Demat account on October 30, 2023. Rajgor Castor Derivatives’ initial public offering (IPO) is set for October 31, 2023. The IPO pricing range for Rajgor Castor Derivatives is ₹47 to ₹50 per share. The minimum lot size required for an application must be 3000 shares.
Rajgor Castor Derivatives IPO Allotment Date
The company wants to raise 47.81 crores through an IPO. Rajgor Castor Derivatives IPO Allotment Limited is presently producing Castor De-Oiled Cake, High Protein Castor De-Oiled Cake, and Refined Castor Oil First Stage Grade (F.S.G.) for the domestic market. The company’s revenue increased from ₹40.91 crores in 2022 to ₹428.87 crores in 2023. Each equity share in the IPO would be priced between ₹47 and ₹50. The Rajgor Castor Derivatives IPO will be listed on the NSE.
This book-built offering is the Rajgor Castor Derivatives IPO Allotment, valued at Rs 47.81 crore. The issue consists of a new issuance of 88.95 lakh shares, valued at Rs 44.48 crores, and a sale offer for 6.66 lakh shares, valued at Rs 3.33 crores. The IPO pricing range for Rajgor Castor Derivatives is ₹47 to ₹50 per share. A minimum lot size of three thousand shares is required for an application. The minimum investment required from retail investors is ₹150,00. A minimum lot size requirement for HNI investments is two lots, or 6,000 shares, for a total of ₹300,000.
Rajgor Castor Derivatives IPO Allotment Date Details
| IPO Open | October 17, 2023 |
| IPO Close | October 20, 2023 |
| IPO Size | Approx ₹47.81 Crores, 9,561,000 Equity Shares |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹47 to ₹50 Per Equity Share |
| Basis of Allotment | October 26, 2023 |
| Refunds | October 27, 2023 |
| Credit to Demat Account | October 30, 2023 |
| IPO Listing Date | October 31, 2023 |
| Retail Quota | 35% of the net offer |
| QIB Quota | 50% of the net offer |
| NII Quota | 15% of the net offer |
| IPO Listing on | NSE SME |
| Category | News |
| Official Website | @Linkintime.com |
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About Rajgor Castor Derivatives Limited
Rajgor Castor Derivatives Limited was established in 2018 and produces castor oil-based goods for the Indian market.
The firm offers the following products:
- First Stage Grade (F.S.G.) Refined Castor Oil: F.S.G. Castor oil is bleached to meet British Standard requirements. It is utilised in a variety of products, including paints, lubricants, medicines, cable insulators, sealants, inks, rubber, and textiles. It is also applied to food grains to protect them from insects and fungus, and it is used as a skin moisturiser, eyelash and hair grower, constipation reliever, and immune system booster.
- Cake without oil (castor): It is made by crushing castor seeds in an expeller and using steam to extract the oil at a predetermined temperature. Because of its high levels of nitrogen, phosphoric acid, potash, and moisture retention, it is use as fertiliser.
Rajgor Castor Derivatives Initial Public Offering GMP
Rajgor Castor Derivatives’ Grey Market Premium, or IPO GMP, is ₹12. Information on the grey market premium, also known as the IPO GMP, is determined after taking into account the demand of the firm preparing for an IPO. When the price range and IPO date are made public, the unregulated market formally gives rise to the grey market. Investors always verify the IPO GMP before making an investment, albeit this may vary according on the market conditions, demand, and quantity of subscribers.
The IPO GMP, or IPO Grey Market Premium, is the amount that separates the IPO’s issue price from its trading price on the grey market. Before the IPO is officially listed on stock exchanges for public trading, there is a period of time during which shares are traded on the grey market without authorization. The stock exchanges are not involve in the over-the-counter (or “grey market”) share buying and selling.
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Rajgor Castor Derivatives IPO Shares Investors & Offered
Rajgor Castor Derivatives is issuing 9,439,000 equity shares as part of their first public offering (IPO). In the issue, institutional buyers that satisfy the conditions will be offered 1,722,000 shares, retail investors will be provide 3,142,000 shares, and non-institutional investors will be offer 1,362,000 shares.
Size of IPO Lot for Rajgor Castor Derivatives Limited
A minimum investment of ₹150,000 would be require to purchase 3000 shares in a single lot to normal investors in the Rajgor Castor Derivatives first public offering. A maximum investment of ₹150,00 is allowed for individual retail investors to apply for one lot at a time.
Rajgor Castor Derivatives IPO Raises Anchor Investors Overview
Anchor investors contribute Rs 13.56 crore to the Rajgor Castor Derivatives IPO. The IPO Anchor bid date for Rajgor Castor Derivatives is October 16, 2023.Anchor Investors list for Rajgor Castor Derivatives IPO:
| Bid Date | October 16, 2023 |
| Shares Offered | 2,712,000 |
| Anchor Portion Size (In Cr.) | 13.56 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 11, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 5, 2024 |
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Rajgor Castor Derivatives Limited Company Goods Product
Refined Castor Oil First Stage Grade (F.s.g.)
- Specification of Refined Castor Oil
Castorde-oilcake
Highproteincastorde-oiled cake
- Extraction of Oil
- Refining of Oil
Rajgor Castor Derivatives Limited Initial Public Offering’s Goals
The Offer Proceeds from the New Issue will be used to finance the following objectives:
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Offer Expenses
Rajgor Castor Derivatives Limited IPO Competitive Strength
- Experienced Management Team
- Quality Control and Quality Assurance
- Diversified business model and customer base
- Scalable Business Model
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Guideline to Verify For Rajgor Castor Derivatives IPO Allotment Status 2023 Online?
- To view the Rajgor Castor Derivatives IPO allotment page, visit Linkintime.com.
- Select the IPO Name “Rajgor Castor Derivatives” from the drop-down menu bar.
- Using the DP ID, application number, or PAN number, select a choice.
- Depending on your preference, provide a PAN, application, or demat account number.
- Click the “Search” icon.
- Your allocation status for the Rajgor Castor Derivatives IPO will be display on the screen (desktop/mobile).
Conclusion
Rajgor Castor Derivatives IPO allotment is an eagerly anticipated event in the world of investing. As investors anxiously await the results, they are hopeful for a favorable outcome. The IPO, which offered shares in the company to the public for the first time, garnered significant interest from both retail and institutional investors. With its strong fundamentals and promising growth prospects, Rajgor Castor Derivatives has generated a lot of buzz in the market. The company’s IPO allotment will determine how many shares each investor will receive and mark an important milestone in its journey as a publicly traded entity. Investors are eagerly awaiting the results and hoping for a successful outcome.
Rajgor Castor Derivatives IPO Allotment Date FAQ’S
How can I check my IPO allotment status?
How can I find out if an IPO has been allocated or not? Investors can use an IPO registrar such as Link Intime or KFintech to monitor the status of their subscriptions. The investor will need to know their PAN card number, IPO application number, and Demat account number in order to verify the status of their IPO subscription.
What is the allotment status of crayons?
Finalisation of the Crayons Advertising IPO allocation is scheduled for May 30, 2023. The date of the Crayons Advertising IPO Refund is May 31, 2023. On June 02, 2023, the Crayons Advertising IPO is listed on the stock exchange, and on June 01, 2023, your Demat account will be credited with the shares.
What is the IPO allotment process?
The investor type and the IPO subscription levels determine the IPO allotment procedure. Note: All investors who submit valid applications will get a full allotment in the event that an IPO is undersubscribed in every investor group. For the IPO to be successful, 90% of the total subscriptions must be received.
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