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Rajgor Castor Derivatives SME IPO
Rajgor Castor Derivatives Limited
₹1,41,000 /3000 sharesMinimum Investment
Rajgor Castor Derivatives SME IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 17 Oct ‘23 - 20 Oct ‘23 | ₹1,41,000 | 3,000 | ₹47 - ₹50 |
| Issue Size | IPO Doc |
|---|---|
| 47.81Cr | RHP PDF |
About Rajgor Castor Derivatives SME
Founded in
2018
Managing director
Mr. Brijeshkumar Vasantlal Rajgor
Parent organisation
Rajgor Castor Derivatives Limited
Strengths & Financials of Rajgor Castor Derivatives SME
Strengths
Risks
Rajgor Castor Derivatives has an in-house testing laboratory and the necessary infrastructure to examine both raw materials and finished products, ensuring compliance with quality standards and customer specifications.
The company has established a presence in domestic markets, supplying its products to various states, including Gujarat, Delhi, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Uttarakhand.
The company has adopted a diversified business model. Their range of offerings encompasses castor doc, seeds, and oil. It ensures a flow of revenue throughout the year.
The company serves a diverse mix of end markets across various industries.
Rajgor Castor Derivatives faces certain legal proceedings and claims involving its promoters. Any unfavorable outcomes could result in financial liabilities, penalties, and damage to the company's reputation.
The company's production costs are vulnerable to fluctuations in the prices of its raw materials, particularly castor seeds.
Generally, the company conducts business with customers based on purchase orders rather than long-term contracts.
The top ten customers accounted for 75.37%, 72.30%, 100%, and 100% of sales for June 30, 2023, 2022-23, 2021-22, and 2020-21, respectively. If any of these major customers are lost, it could have a negative impact on the company's revenues and profitability.
The company depends on a small group of suppliers to procure the raw materials needed for its manufacturing process. The top ten suppliers accounted for 90.46%, 79.65%, 47.61%, and 18.35% of purchases for June 30, 2023, 2022-23, 2021-22, and 2020-21, respectively.
While the company generates revenue from various domestic regions, a significant portion comes from Gujarat. For June 30, 2023, and the financial years ending March 31, 2023, March 2022, and March 2021, Gujarat contributed 84.99%, 83.09%, 100%, and 100% of the company's total revenue, respectively.
Over the past three years, the company has experienced negative cash flows from its operating activities. It could have an impact on the company's growth and overall business.
The company has taken unsecured loans, which are repayable on demand. As of March 31, 2023, the company has unsecured loans totaling Rs. 102.10 lakhs from directors.
Rajgor Castor Derivatives SME Financials
*All values are in Rs. Cr
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Application Details of Rajgor Castor Derivatives SME IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹47 - 50 | ₹2 - 5 Lakh |
| High Networth Individual | ₹47 - 50 | ₹2 - 5 Lakh |
For Rajgor Castor Derivatives SME IPO, eligible investors can apply as Regular.