Rajputana Biodiesel IPO listing is creating significant buzz in the stock market following high subscription. In addition to the impressive subscription rate, the IPO commands robust grey market premium (GMP) which naturally increase the anticipation around the listing.
Rajputana Biodiesel IPO: A Game Changer in the Biofuels Sector
Rajputana Biodiesel raised approximately INR 24.7 crore through the IPO which was an entirely fresh issue. The issue attracted overwhelming interest from investors, closing with a staggering subscription rate of 718.92 times. This puts the IPO in the list of most subscribed SME IPOs in 2024. Notably, the non-institutional investor category saw bids oversubscribed by 1,346.49 times, reflecting robust demand among smart investors. The shares are set to be listed on the NSE SME platform tomorrow, marking a significant milestone for the company founded in 2016.
Expectations For the Rajputana Biodiesel IPO Listing Price?
As of today, Rajputana Biodiesel IPO GMP stands at approximately INR 110 per share, indicating a potential listing gain of around 84% from its upper price band of INR 130 per share. This strong GMP suggests that investors can expect a listing price above INR 240 per share, making it an attractive proposition for those who participated in the IPO.
As Rajputana Biodiesel IPO shows promising signs of a successful listing, investors who were unable to secure an allotment have a valuable opportunity to acquire shares on the listing day. These investors may also consider waiting for a potential price dip, allowing them to purchase shares at a more favourable price point in the future.Â
Rajputana Biodiesel IPO Listing Date and Price Band
- Price Band: The shares were offered in a price band of INR 123 – 130 per share, with a minimum application lot size of 1,000 shares, requiring an investment of at least INR 1,30,000.
- Listing Date: Shares are expected to commence trading on 3 December 2024.
- Use of Proceeds: The funds raised will primarily support capital expenditures for expanding existing facilities and cover working capital needs.
Forecasting Tomorrow: Market Sentiment and the Road Ahead
The overwhelming response to Rajputana Biodiesel’s IPO indicates growing investor confidence in the biofuels sector, driven by increasing demand for sustainable energy solutions. As global energy dynamics shift towards greener alternatives, companies like Rajputana Biodiesel are well-positioned to capitalize on these trends.
In November, four SME IPOs were listed on the stock exchange. Among them, Neelam Linens stood out by delivering impressive returns of 58.54% to its investors, while the other three IPOs experienced negative performance.
Investors should remain vigilant as the listing date is tomorrow, monitoring any fluctuations in GMP and market sentiment that could impact share performance post-listing. For detailed information about Rajputana Biodiesel IPO GMP, subscription, allotment stay tuned to IPO Central.
