IPO Rajputana Biodiesel Ltd

 IPO Rajputana Biodiesel Ltd

Issue Type - Book Building - SME
Issue Size (in Cr.) - 23.37 - 24.7 
Offer Price (₹) - 123-130

Its IPO allotment is expected to be finalised on Friday, November 29, 2024. Rajputana Biodiesel's listing is scheduled to take place on the on NSE SME on December 3, 2024. The price band of the Rajputana Biodiesel IPO has been fixed at Rs 123 to Rs 130 per share. The minimum lot size for an application is 1,000 shares.

About Company - Rajputana Biodiesel

Rajputana Biodiesel Limited was founded in November 2016. The company is engaged in the manufacture and supply of biofuels and their by-products, namely glycerin and fatty acids. The manufacturing facility is located at G24 RIICO Industrial Area, Phulera, Rajasthan 303338 on an area of 4,000 square meters.

Rajputana Biodiesel Ltd. is an India-based biodiesel producer that manufactures biodiesel from various feedstocks, such as waste cooking oil, animal fat, and vegetable oil. The company was founded to promote renewable energy and reduce dependence on fossil fuels. Rajputana Biodiesel Ltd. uses a state-of-the-art production process in which the raw materials are converted into biodiesel through a chemical process called transesterification.

The company claims to produce high-quality biodiesel that meets international standards and has a low carbon footprint. Rajputana Biodiesel Ltd. has received several awards and recognitions for its contribution to promoting renewable energy and sustainable development in India. The company has also collaborated with various government agencies and research institutions to promote using biodiesel as a clean and sustainable alternative to fossil fuels.

Rajputana Biodiesel SME IPO Strengths

• Increasing domestic production.
• Adopting biofuels and renewable.
• Implementing energy efficiency norms.
• Improving refinery processes.
• Achieving demand substitution.
• Major Customers base is Government PSUs.