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Open
17 Oct 2023
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Close
20 Oct 2023
3
Allotment
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Listing
Tue, Oct 31, 2023
Price Band
₹47 to ₹50
Issue Size
95,61,000 shares (agg. up to ₹48 Cr)
Lot Size
3,000 Shares
Listing Date
Tue, Oct 31, 2023
Latest GMP
₹5
Est. Gain
10%
✦ AI Insight
GMP Trend
31-10-2023₹5Est. ₹55+10%
30-10-2023₹5Est. ₹55+10%
29-10-2023₹4Est. ₹54+8%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 73.47x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|---|
| Assets | 98.48 | 77.83 | 37.53 | 25.78 | 26.45 |
| Total Income | 112.76 | 428.87 | 40.91 | 11.01 | 14.97 |
| Profit After Tax | 1.93 | 5.54 | 0.52 | -1.80 | -0.97 |
| NET Worth | 25.58 | 23.66 | 2.02 | 1.50 | |
| Reserves and Surplus | 23.44 | 21.51 | 1.90 | 1.38 | 3.18 |
| Total Borrowing | 51.79 | 44.51 | 18.10 | 22.86 | |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| AMBO Agritec Ltd. | SME | ₹10.20 Cr | ₹30 | 14.22 | ₹42.10 | +40.33% | ₹10.20 (-0.39%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Meet Working Capital Requirements | 29.92 |
| 2 | General Corporate Purpose | 10.74 |
About Rajgor Castor Derivatives IPO
Incorporated in 2018, Rajgor Castor Derivatives Limited manufactures castor oil-based products for the Indian market. The company's product list includes: Refined Castor Oil First Stage Grade (F.S.G.): F.S.G. Castor Oil is Castor Oil bleached to British Standard Specifications. It is used in Lubricants, Paints, Pharmaceuticals, Cable insulators, Sealants, Inks, Rubber and Textiles, etc. It is also used to relief Constipation, Eyelashes growth, Hair grow, Skin moisturiser ad to improve immunity function as well as for applying on food grains to protect from insects/fungi. Castor De-Oiled Cake: It is produced by crushing castor seeds in an expeller to extract oil from it at a controlled temperature with the help of steam. It is used as a fertilizer because of the high content of Nitrogen, Phosphoric Acid, Potash, and moisture retention. High Protein Castor De-Oiled Cake: It is an organic manure that enhances the fertility of the soil without causing any damage or decay. The company's manufacturing unit is located in Banaskantha. As of July 31, 2023, the company employs over 60 employees. Rajgor Castor Derivatives' clientele includes manufacturers of Lubricants, Paints, Pharmaceutical
Contact Details
Rajgor Castor Derivatives Ltd. Address807, Titanium One, Nr.Pakwan Cross RoadNr.Shabri Water Works, S.G.HighwayBodakdevAhmedabad, Gujarat, 380054+91 9898926368cs@rajgorcastor.comVisit Website