IPO : Rajgor Castor Derivatives Limited
Rajgor Castor Derivatives Limited IPO
Incorporated in the year 2018, in the name of Hindprakash Castor Derivatives Private Limited and later on changed to Ardent Castor Derivatives Private Limited and Rajgor Castor Derivatives Private Limited. In July 2022 Company converted into Public limited and known as Rajgor Castor Derivatives Limited. RCDL is Ahmedabad (Gujarat) based company recognized among distinguished Manufacturers, Exporters and Suppliers of Castor Oil and Derivatives. Owing to our elevated operational capacity and excellent customer dealing services, we have managed to touch annual turnover of around Rs. 455.96 crores which elucidates our financial stability.
Up-to December 2021, company was subsidiary of M/s Mangalam Global Enterprises Limited, a NSE listed Company which was engaged into the Manufacturing of Castor oil and Castor Derivative business( apart of Managalam Group). RCDL was managed by the Managalm Family and Rajgor Family. After December 2021, RCDL is exclusively managed by the Rajgor Family under the promotership of Brijesh Rajgor, Vasant Rajgor and Mahesh Rajgor.
| SYMBOL | RCDL |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | October 17, 2023 (Tuesday) |
| ISSUE CLOSES ON | October 20, 2023 (Friday) |
| ISSUE PRICE | Rs.47 To Rs.50 per share |
| ISSUE SIZE | Up to Rs.47.81 Crores |
| FACE VALUE | Rs.10 per share |
Rajgor Castor Derivatives IPO is a book built issue of Rs 47.81 crores. The issue is a combination of fresh issue of 88.95 lakh shares aggregating to Rs 44.48 crores and offer for sale of 6.66 lakh shares aggregating to Rs 3.33 crores.
Rajgor Castor Derivatives IPO opens for subscription on October 17, 2023 and closes on October 20, 2023. The allotment for the Rajgor Castor Derivatives IPO is expected to be finalized on Thursday, October 26, 2023. Rajgor Castor Derivatives IPO will list on NSE SME with tentative listing date fixed as Tuesday, October 31, 2023.
Rajgor Castor Derivatives IPO price band is set at ₹47 to ₹50 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹150,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹300,000.
| MINIMUM BID | 3000 shares |
| MINIMUM AMOUNT | Rs.1,50,000 |
| MAXIMUM BID | 3000 shares |
| MAXIMUM AMOUNT | Rs.1,50,000 |
| LISTING DATE | October 31,2023 (Tuesday) |
| LISTING AT | NSE-SME |
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Rajgor Castor Derivatives IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Rajgor Castor Derivatives IPO is Spread X Securities.
Refer to Rajgor Castor Derivatives IPO RHP for detailed information.
Objects of the Issue (Rajgor Castor Derivatives IPO Objectives)
The Offer Proceeds from the Fresh Issue will be utilized towards the following objects:
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Offer Expenses
- SMART IPO using UPI, you can now apply online
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