Last updated on October 31, 2023
Rajgor Castor IPO description – Incorporated in 2018, Rajgor Castor Derivatives manufactures Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake, and High Protein Castor De-Oiled Cake for the domestic market. It operates on a B2B business model and offers customers castor oil and its derivatives.
Rajgor Castor supplies its products in states such as Gujarat, Delhi, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Uttarakhand. As of 31 July 2023, it has 60 Employees in Rajgor Castor Derivatives.
The major players in the Castor Oil market include NK Industries, Gokul Overseas, Jayant Agro Organics, Adani Group, etc. The company is well placed with competitors as the global castor oil market is dominated by India, with Gujarat being the primary market of focus in India, and Banaskantha being the key producer of Castor Seeds.
Promoters of Rajgor Castor – Mr. Brijeshkumar Vasantlal Rajgor, Mr. Vasantkumar Shankarlal Rajgor, and Mr. Maheshkumar Shankarlal Rajgor
Table of Contents
Rajgor Castor IPO Details
| Rajgor Castor IPO Dates | 17 – 20 October 2023 |
| Rajgor Castor Issue Price | INR 47 – 50 per share |
| Fresh issue | 88,95,000 shares (INR 41.81 – 44.48 crore) |
| Offer For Sale | 6,66,000 shares (INR 3.13 – 3.33 crore) |
| Total IPO size | 95,61,000 shares (INR 44.94 – 47.81 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 150,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Rajgor Castor Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 |
| Revenue | 9.75 | 39.67 | 428.78 | 112.70 |
| Expenses | 13.53 | 40.59 | 420.22 | 110.07 |
| Net income | (1.80) | 0.52 | 5.54 | 1.93 |
Rajgor Castor Offer News
- Rajgor Castor Derivatives RHP
- Rajgor Castor Derivatives Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Rajgor Castor Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (21.84) | 6.33 | 30.06 |
| PE ratio | – | – | 10.73 – 11.42 |
| RONW (%) | (120.35) | 25.85 | 23.44 |
| NAV | 18.15 | 24.48 | 15.75 |
| ROCE (%) | (0.92) | 12.03 | 22.97 |
| EBITDA (%) | (1.27) | 6.79 | 2.69 |
| Debt/Equity | 15.27 | 8.96 | 1.88 |
Rajgor Castor IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 30 October 2023 | 5 | – | 9,000 |
| 28 October 2023 | 5 | – | 9,000 |
| 27 October 2023 | 5 | – | 9,000 |
| 26 October 2023 | 5 | – | 11,000 |
| 25 October 2023 | 5 | – | 11,000 |
| 23 October 2023 | 7 | – | 17,000 |
| 20 October 2023 | 11 | – | 23,500 |
| 19 October 2023 | 13 | – | 25,500 |
| 18 October 2023 | 11 | – | 23,000 |
| 17 October 2023 | 10 | – | 21,000 |
| 16 October 2023 | 10 | – | 21,000 |
| 14 October 2023 | 12 | – | 22,000 |
| 13 October 2023 | 10 | – | 21,000 |
| 12 October 2023 | 8 | – | 19,500 |
| 11 October 2023 | 11 | – | 25,000 |
Rajgor Castor IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,812,000 | 1,863,000 | 3,174,000 | 6,849,000 |
| 20 Oct 2023 | 33.76 | 190.35 | 79.88 | 97.73 |
| 19 Oct 2023 | 10.26 | 7.78 | 25.67 | 16.73 |
| 18 Oct 2023 | 10.24 | 3.81 | 16.85 | 11.55 |
| 17 Oct 2023 | 10.23 | 1.06 | 5.47 | 5.53 |
Rajgor Castor Offer Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor, B 1311-1314, Near Rajpath Club,
Rajpath Rangoli Road, S.G. Highway, Ahmedabad- 380054
Phone: 079 4918 5784
Email:Â [email protected]
Website:Â www.beelinemb.com
Rajgor Castor Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083, Maharashtra
Phone: +91 810 811 4949
E-mail:Â [email protected]
Website:Â www.linkintime.co.in
Rajgor Castor Contact Details
RAJGOR CASTOR DERIVATIVES LIMITED
807, Titanium One, Nr. Pakwan Cross Road,
Nr. Shabri Water Works, S.G. Highway,
Bodakdev, Ahmedabad-380054, Gujarat
Phone: +91 9898926368
E-mail: [email protected]
Website: www.rajgorcastor.com
Rajgor Castor IPO Allotment Status
Rajgor Castor IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Meanwhile, bank debits and lien removal have started. Please check the effective balance to know the allotment status.
Rajgor Castor IPO Dates & Listing Performance
| IPO Opening Date | 17 October 2023 |
| IPO Closing Date | 20 October 2023 |
| Finalization of Basis of Allotment | 25 October 2023 |
| Initiation of refunds | 27 October 2023 |
| Transfer of shares to demat accounts | 30 October 2023 |
| IPO Listing Date | 31 October 2023 |
| Opening Price on NSE SME | INR 59 per share (up 18%) |
| Closing Price on NSE SME | INR 61.10 per share (up 22.20%) |
IPO FAQs
What is the Rajgor Castor offer size?
Rajgor Castor offer size is INR 44.94 – 47.81 crores.
What is the Rajgor Castor offer price band?
Rajgor Castor public offer price is INR 47 – 50 per share.
What is the lot size of the Rajgor Castor IPO?
Rajgor Castor offer lot size is 3,000 shares.
What is Rajgor Castor IPO GMP today?
Rajgor Castor IPO GMP today is INR 5 per share.
What is the Rajgor Castor kostak rate today?
Rajgor Castor kostak rate today is INR NA per application.
What is Rajgor Castor Subject to Sauda rate today?
Rajgor Castor Subject to Sauda rate today is INR 9,000 per application.
