Rajputana Biodiesel IPO
Rajputana Biodiesel Ltd
₹1,23,000 /1000 sharesMinimum Investment
Rajputana Biodiesel IPO Listing Details
Listed On | Issue Price | Listing Price | Listing Gains |
---|
-- | ₹130.00 | ₹247.00 | ₹117.00 (90.00%) |
Rajputana Biodiesel IPO Details
Bidding Dates | Min. Investment | Lot Size | Price Range |
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26 Nov ‘24 - 28 Nov ‘24 | ₹1,23,000 | 1,000 | ₹123 - ₹130 |
Qualified Institutional Buyers | 0.00x |
Non-Institutional Investor | 0.00x |
Retail Individual Investor | 0.00x |
Total | 609.89x |
Rajputana Biodiesel is a manufacturer and supplier of biofuels and by-products, including glycerine and fatty acids. Rajputana Biodiesel’s manufacturing facilities are located in Phulera, Rajasthan. The company provides products such as biodiesel, crude glycerin, and fatty acids. Biodiesel is an eco-friendly and safe alternative to conventional petroleum diesel, suitable for use in various applications, including on-road and off-road vehicles, marine vessels, and for power generation in both stationary setups and boilers.
As a by-product from the production of biodiesel and soap, crude glycerin finds use across various industrial and agricultural sectors. Similarly, fatty acids, also a by-product of biodiesel production, are used in manufacturing soaps, detergents, and cosmetics.;
Managing director
Mr. Sarthak Soni
Parent organisation
Rajputana Biodiesel Ltd
Strengths & Financials of Rajputana Biodiesel
Rajputana Biodiesel has an approved production capacity of 30 kilolitres per day (klpd) with an installed capacity of 24 klpd.
The company claims to be dedicated to incorporating biodiesel and other renewable energy sources into its energy portfolio, aiming at reducing carbon emissions and lessening the reliance on fossil fuels. This commitment is supported by investments in state-of-the-art technologies and infrastructure that enhance biofuel production and utilisation.
Rajputana Biodiesel claims to have solid and long-standing relationships with government public sector undertakings (PSUs). This partnership not only ensures a stable and dependable revenue stream but also showcases the company's reputation and credibility.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT) over the past few years. Revenue from operations increased from Rs 17.07 crore in FY22 to Rs 23.41 crore in FY23 to Rs 53.46 crore in FY24. PAT increased from Rs 0.20 crore in FY22 to Rs 1.69 crore in FY23 to Rs 4.50 crore in FY24.
Rajputana Biodiesel's operations are heavily regulated by government policies. Any adverse change in this policy or failure to comply with these regulations could negatively impact the company's overall business performance.
The company's production relies on a competitive bidding process managed by government entities. There is no guarantee that Rajputana Biodiesel will qualify for or win future bids, which could adversely affect its operations and business outcomes.
Rajputana Biodiesel's financial performance depends heavily on the sale of one commodity, biodiesel. Sales from biodiesel accounted for Rs 13.82 crore (80.93%), Rs 20.25 crore (86.51%), and Rs 43.27 crore (80.93%) in FY22, FY23, and FY24, respectively and Rs 24 crore (89.80 %) for period ended July 31, 2024. Any failure to meet evolving consumer demands or maintain product quality could diminish demand for its products, negatively affecting the company's operations and revenue generation capabilities.
A large portion of Rajputana Biodiesel's revenue comes from its top 10 customers. These customers contributed Rs 13.59 crore (79.64%), Rs 21.00 crore (89.72%), and Rs 46.14 crore (85.98%) in FY22, FY23, and FY24, respectively, and Rs 26.64 crore (100%) for the period ended July 31, 2024 to the revenue. Any loss of any of these customers or a failure to retain them could adversely affect the company’s operation and finances.
The company operates out of its one manufacturing facility in Phulera, Rajasthan. Any adverse developments or disruptions in the business environment of the region could hit the company’s business.
The company and its directors are involved in certain ongoing legal proceedings. Any adverse judgment in any of these cases could be detrimental to the company’s business prospects.
As of July 31, 2024, the company has an outstanding principal amount (secured and unsecured) of Rs 19.89 crore. Any inability to repay or service these loans can harm the company’s financial standing.
Rajputana Biodiesel Financials
*All values are in Rs. Cr
Application Details of Rajputana Biodiesel IPO
Apply as | Price band | Apply Range |
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Regular | ₹123 - 130 | ₹2 - 5 Lakh |
High Networth Individual | ₹123 - 130 | ₹2 - 5 Lakh |
For Rajputana Biodiesel IPO, eligible investors can apply as Regular.