Rajputana Biodiesel Limited IPO

Founded in 2016, Rajputana Biodiesel Limited produces and supplies biofuels and their by-products, namely glycerine and fatty acids.

The company’s production facility is located at G24 RIICO Industrial Area, Phulera, Rajasthan 303338 in an area of 4,000 square meters. The company has an approved production capacity of 30 kiloliters per day (kl/pd) and an installed production capacity of 24 kiloliters per day (kl/pd).

Rajputana Biodiesel’s product portfolio includes Bio-Diesel, Crude Glycerin, Castic Potash Flakes, Waste Sludge, Used Cooking Oil, Esteried Fatty Acid, Methanol, Citric Acid, Refined Rice Oil, Crude Sunflower Oil, Sodium Methoxide, RBD Palm Sterin, Job Work: semi-refining of glycerine for other manufacturers, and Fats.

As of July 31, 2024, the company had 30 permanent employees.

Rajputana Biodiesel Limited Financial Information (Restated Consolidated)

Rajputana Biodiesel Limited’s revenue increased by 128% and profit after tax (PAT) rose by 168% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Jul 202431 Mar 202431 Mar 202331 Mar 2022
Assets4,6263,995.161,515.691,071.47
Revenue2,779.185,367.512,354.061,746.07
Profit After Tax259.59452.43168.8319.97
Net Worth1,573.811,314.22454.99-128.92
Reserves and Surplus1,050.46800.87-7.01-131.42
Total Borrowing1,989.231,914.19887.121,093.61
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Rajputana Biodiesel IPO is Rs 91.44 Cr.

KPI as of July 31, 2024.

KPIValues
ROCE11.00%
Debt/Equity1.26
RoNW16.49%
P/BV4.24
PAT Margin (%)9.71
 Pre IPOPost IPO
EPS (Rs) 8.8111.07
P/E (x) 14.7511.74
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of July 31, 2024 that is available in RHP.

Objects of the Issue (Rajputana Biodiesel IPO Objectives)

The Company proposes to utilize the funds that are being raised through this Issue towards the following objectives:

  1. Loan to the Subsidiary, Nirvaanraj Energy Private Limited at H No – 576, Sheel Kunj Ph – II, Roorkee Road, Dist. – Meerut, Meerut, Uttar Pradesh, India, 250001 (“NEPL”) for capital expenditure requirements towards the expansion of existing manufacturing facility (the “Project”);
  2. Funding working capital requirements of the company; and
  3. General Corporate purposes.

Rajputana Biodiesel IPO Details

IPO DateNovember 26, 2024 to November 28, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹123 to ₹130 per share
Lot Size1000 Shares
Total Issue Size1,900,000 shares
(aggregating up to ₹24.70 Cr)
Fresh Issue1,900,000 shares
(aggregating up to ₹24.70 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue5,133,500
Share holding post issue7,033,500
Market Maker portion141,000 shares

Rajputana Biodiesel IPO Promoter Holding

Mr. Sarthak Soni, Mr. Tanay Attar, Mr. Sudeep Soni, and Mrs. Madhuri Surana are the company's promoters.

Share Holding Pre Issue90%
Share Holding Post Issue65.68%

SHARIAH SCREENING for - Rajputana Biodiesel Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

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