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Rajputana Biodiesel IPO: Unlisted shares of Rajputana Biodiesel Ltd have been buying and selling at Rs 230 apiece within the gray market on Monday, which was an enormous Rs 100 or 76.92 per cent above the difficulty value of Rs 100 per share.
Rajputana Biodiesel IPO.
Rajputana Biodiesel IPO GMP: The preliminary public providing of Rajputana Biodiesel, which goes to be closed on Thursday, has acquired over 146 instances subscription to this point. On the ultimate day of bidding on Thursday, the Rs 24.70-crore SME IPO acquired a 718.81 instances subscription garnering bids for 89,41,99,000 shares as in opposition to the 12,44,000 shares on provide. It means the IPO has acquired the entire subscription value Rs 11,624.58 crore.
The IPO was opened on November 26. Its value band has been mounted at Rs 123 and Rs 130 apiece.
So far, the portion for non-institutional traders attracted 1,345.96 instances subscription, whereas the certified institutional patrons (QIBs) half obtained subscribed 177.38 instances. The class for retail particular person traders (RIIs) fetched 746.57 instances subscription.
Rajputana Biodiesel Limited, which was based in 2016, produces and provides biofuels and their by-products, specifically glycerine and fatty acids.
Rajputana Biodiesel IPO GMP Today
According to market observers, unlisted shares of Rajputana Biodiesel Ltd have been buying and selling at Rs 230 apiece within the gray market on Thursday, which was an enormous Rs 100 or 76.92 per cent above the difficulty value of Rs 100 per share. The enormous Rs 100 GMP signifies a blockbuster itemizing of the IPO.
The GMP relies on market sentiments and retains altering. ‘Grey market premium’ signifies traders’ readiness to pay greater than the difficulty value.
Rajputana Biodiesel IPO: More Details
The IPO is fully a contemporary situation of 19 lakh shares.
The Rajputana Biodiesel IPO, which was opened for subscription on November 26, shall be closed on November 28, 2024. Its IPO allotment is predicted to be finalised on Friday, November 29, 2024.
Rajputana Biodiesel’s itemizing is scheduled to happen on the on NSE SME on December 3, 2024.
The value band of the Rajputana Biodiesel IPO has been mounted at Rs 123 to Rs 130 per share. The minimal lot dimension for an software is 1,000 shares. The minimal quantity of funding required by retail traders is Rs 1,30,000. The minimal lot dimension funding for HNI is 2 tons (2,000 shares) amounting to Rs 2,60,000.
GYR Capital Advisors Private Limited is the e book working lead supervisor of the Rajputana Biodiesel IPO, whereas Maashitla Securities Private Limited is the registrar for the difficulty. The market maker for Rajputana Biodiesel IPO is Giriraj Stock Broking.
Rajputana Biodiesel Ltd’s income elevated by 128 per cent and revenue after tax (PAT) rose by 168 per cent between the monetary yr ending with March 31, 2024 and March 31, 2023.
