Rajgor Castor Derivatives is set to launch an IPO which will open on October 17, 2023, and close on October 20, 2023. Through this public offer company wants to raise Rs. 44.81 Crore from the primary market, Company fixed the price band of Rs. 50 with a minimum lot of 3000 shares, and list on October 31, according to the preliminary papers filed to the capital market regulator SEBI.
About Rajgor Castor Derivatives Company
Rajgor Castor Derivatives is engaged in the B2B Business model and offers customers castor oil and its derivatives and the manufacturing of refined castor oil, castor de-oiled cake, and high protein castor de-oiled cake for the domestic market.The company supplies its products all over India.
Check out the IPO allotment status on IPO Deliver.
Rajgor Castor Derivatives IPO Object
The company intends to use the IPO Funds for the below-mentioned purposes:
- Working capital requirement of the company.
- General corporate purposes and offer expenses.
Rajgor Castor Derivatives Strength
- Quality control and Quality assurance
- Experienced promoters and management team.
- Scalable business model
- Diversify business model
Rajgor Castor Derivatives Risk Factor
- Inability to retain, and attract a management team
- Failure to comply with the regulations
- Failure to adopt new technologies.
Rajgor Castor Derivatives IPO Review & Rating
| Issue Size (Rs.) | 47.81 crore |
| Issue Price (Rs.) | 50 per share |
| Minimum Lot Size | 3,000 shares |
| Market Capitalization (Rs.) | 119.58 crore |
| Total Profit (March 2023) (Rs.) | 5.54 crore |
| RoCE (%) | 22.97% |
| Debt/Equity ratio | 1.88 |
| NAV (Rs.) | 15.75 per share |
| Listing on | NSE Emerge (SME) |
| IPO Deliver Rating | Avoid |
Rajgor Castor Derivatives IPO Dates, Price Band & Details
Rajgor Castor Derivatives IPO will open on October 17, 2023, and close on October 20, 2023. The IPO list on October 31, 2023.
| Type of issue | Fixed Price IPO |
| Issue Size (Rs.) | 47.81 Crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | October 17, 2023 |
| IPO Close Date | October 20, 2023 |
| IPO Allotment Date | October 26, 2023 |
| Refund Date | October 27, 2023 |
| Share Credit Date | October 30, 2023 |
| Listing Date | October 31, 2023 |
Rajgor Castor Derivatives IPO Offer
Rajgor Castor Derivatives IPO total issue size is 95,61,000 shares which comprises below mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 88,95,000 | 44.48 Crore |
| Offer for Sale (OFS) | 06,66,000 | 3.33 Crore |
Rajgor Castor Derivatives Financials Review (Lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 42,878.06 | 3,967.21 | 974.66 |
| Net Worth | 2,365.55 | 201.90 | 149.71 |
| Profit | 554.47 | 52.19 | (180.18) |
| Total Borrowings | 4,450.93 | 1,809.51 | 2,286.28 |
Rajgor Castor Derivatives IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 30.06 | 6.33 | (21.84) |
| RoNW (%) | 23.44 | 25.85 | (120.35) |
| NAV (Rs.) | 15.75 | 24.48 | 18.15 |
Rajgor Castor Derivatives IPO Peers Comparison (Top 2)
Comparison with the other same segment listed companies in India.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Jyant Agro Organic | 14.02 | 10.01 | 140.07 |
| N K Industries | (2.68) | Negative | (567.88) |
Rajgor Castor Derivatives Company Promoters
As per the DRHP and RHP, the company has three Promoter.
| Serial No. | Name |
| 01. | BrijeshKumar Vasantlal Rajgor |
| 02. | Vasantkumar S Rajgor |
| 03. | Maheskumar S Rajgor |
Rajgor Castor Derivatives Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 100 |
| Post- Issue | – |
Rajgor Castor Derivatives IPO Reservation
Rajgor Castor Derivatives IPO total reservation of 95,61,000 shares, distributed between the below-mentioned categories.
| Category | No. of Shares |
| QIB- Not more than 50% of the offer size | 45,30,000 |
| RII- Not more than 35% of the offer size | 31,71,000 |
| NII-Not less than 15 of the offer size | 13,59,000 |
| Market Makers Reservation | 5,01,000 |
Rajgor Castor Derivatives IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 3,000 Shares and a maximum of 1 lot of 3,000 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 1 | 3,000 | 1,50,000 |
| Retail Maximum | 1 | 3,000 | 1,50,000 |
Rajgor Castor Derivatives IPO – Prospectus
An investor can download/view the Rajgor Castor Derivatives Limited prospectus copy, which was filed by the company to SEBI, details are as follows.
| Rajgor Castor Derivatives IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Rajgor Castor Derivatives IPO Registrar
Link Intime India Private Limited
Tel No.: 022-4918 6270
E-Mail: rajgorcastorderivatives.ipo@linkintime.co.in
Website: www.linkintime.co.in
Rajgor Castor Derivatives IPO lead manager
Beeline Capital Advisors Private Limited
Tel No.: +91 7949185784
E-Mail: mb@beelinemb.com
Website: www.beelinemb.com
Rajgor Castor Derivatives IPO Application (How to Apply for an IPO)
There are primary four options for applying for a Rajgor Castor Derivatives IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Rajgor Castor Derivatives Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Rajgor Castor Derivatives Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or get refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank
Step-2. Fill out the ASBA form and submit it with KYC details
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Rajgor Castor Derivatives Company Details
Rajgor Castor Derivatives Limited (2018)
Registered Office: 807, Titanium One, Nr. Pakwan Cross Road, Nr. Sabri Water Work, S.G. Highway Bodadev, Ahmedabad-380054, Gujrat
Tel: +91-9898926368
Email: cs@rajgorcastor.com
Website: www.rajgorcastor.com
Investor Grievances/Compliance Officer: Parin Shah
Rajgor Castor Derivatives Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Rajgor Castor Derivatives Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | BrijeshKumar Vasantlal Rajgor |
| 02. | Vasantkumar S Rajgor |
Rajgor Castor Derivatives IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Rajgor Castor Derivatives IPO?
Ans: Rajgor Castor Derivatives brings its SME IPO of Rs. 44.81 crore, on October 17, 2023, with a price band of Rs. 50 per share.
Q-2 what is Rajgor Castor Derivatives IPO Open date?
Ans: Rajgor Castor Derivatives IPO opening date is October 17, 2023.
Q-3 what is Rajgor Castor Derivatives IPO Close date?
Ans: Rajgor Castor Derivatives IPO closing date is October 20, 2023.
Q-4 What is Rajgor Castor Derivatives IPO Listing date?
Ans: Rajgor Castor Derivatives IPO listing date is October 31, 2023.
Q-5 What is Rajgor Castor Derivatives IPO Minimum investment amount?
Ans: Rajgor Castor Derivatives IPO minimum investment amount is Rs. 1,50,000.
Q-6 What is Rajgor Castor Derivatives IPO offer issue Size?
Ans: Rajgor Castor Derivatives offer an issue size of Rs. 47.81 Crores.
Q-7 What is Rajgor Castor Derivatives IPO Price Band?
Ans: Rajgor Castor Derivatives IPO price band is Rs 50 per share.
Q-8 Is Rajgor Castor Derivatives IPO mainboard IPO or SME IPO?
Ans: Rajgor Castor Derivatives IPO is the SME IPO.