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Rajputana Biodiesel IPO GMP: Unlisted shares of Rajputana Biodiesel Ltd were trading at Rs 225 each in the grey market, which is a significant Rs 95 or 73.08 percent over the problem cost of Rs 130 per share.
Rajputana Biodiesel IPO.
Rajputana Biodiesel IPO GMP: The going public of Rajputana Biodiesel, which opened up on November 26, has actually obtained over 71 times membership. Till 4:02 pm on the 2nd day of bidding process on Wednesday, the Rs 24.70-crore SME IPO obtained a 71.52 times membership gathering quotes for 8,89,66,000 shares as versus the 12,44,000 shares available.
The IPO will certainly be shut on November 28. Its cost band has actually been repaired at Rs 123 and Rs 130 each.
So much, the part for non-institutional financiers drew in 44.11 times membership, while the certified institutional customers (QIBs) component obtained subscribed 1.53 times. The classification for retail private financiers (RIIs) brought 121.67 times membership.
Rajputana Biodiesel Limited, which was started in 2016, generates and provides biofuels and their spin-offs, particularly glycerine and fats.
Rajputana Biodiesel IPO GMP Today
According to market viewers, non listed shares of Rajputana Biodiesel Ltd were trading at Rs 225 each in the grey market on Monday, which was a significant Rs 95 or 73.08 percent over the problem cost of Rs 130 per share. The big Rs 95 GMP shows a smash hit listing of the IPO.
The GMP is based upon market views and maintains altering. ‘Grey market premium’ shows financiers’ preparedness to pay greater than the problem cost.
Rajputana Biodiesel IPO: More Details
The IPO is completely a fresh problem of 19 lakh shares.
The Rajputana Biodiesel IPO, which was opened up for membership on November 26, will certainly be shut on November 28, 2024. Its IPO slice is anticipated to be settled on Friday, November 29, 2024.
Rajputana Biodiesel’s listing is set up to occur on the on NSE SME on December 3, 2024.
The cost band of the Rajputana Biodiesel IPO has actually been repaired at Rs 123 to Rs 130 per share. The minimal great deal dimension for an application is 1,000 shares. The minimal quantity of financial investment called for by retail financiers is Rs 1,30,000. The minimal great deal dimension financial investment for HNI is 2 great deals (2,000 shares) totaling up to Rs 2,60,000.
GYR Capital Advisors Private Limited is guide running lead supervisor of the Rajputana Biodiesel IPO, while Maashitla Securities Private Limited is the registrar for the problem. The market manufacturer for Rajputana Biodiesel IPO is Giriraj Stock Broking.
Rajputana Biodiesel Ltd’s earnings raised by 128 percent and earnings after tax obligation (RUB) increased by 168 percent in between the fiscal year finishing with March 31, 2024 and March 31, 2023.
