Rajgor Castor Derivatives Limited

LISTED

SME IPO · IPO Guide

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Issue Price

₹47 – ₹50

Listed On

31 Oct 2023

Listing Price

₹59 (+18.00%)

Current Price LIVE

₹59 (+18.00%)

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Lot Size Calculator

Application	Lots	Shares	Amount
Retail (Min)	1	3,000	₹1,50,000
Retail (Max)	2	6,000	₹3,00,000
S-HNI (Min)	3	9,000	₹4,50,000
S-HNI (Max)	6	18,000	₹9,00,000
B-HNI (Min)	7	21,000	₹10,50,000

As per financials, Rajgor Castor Derivatives Limited has shown average results, RoNW is 23.44% and P/E is respectively 229.52 and 21.57 as per FY22 and FY23 earnings. So, issue looks aggressively priced and sudden rise in net-profit just before IPO is very surprising. Company is in business of manufacturing Refined Castor Oil, Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for the domestic market with B2B model, which is highly fragmented and competitive segment. Performance of BRLM is good. So we are giving NEUTRAL rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

As on Date	QIB	NII	RII	Total
Shares Offered / Reserved	17,22,000	13,62,000	31,42,000	62,26,000
Day 1 17-10-23	1,85,37,000 (10.76)	19,68,000 (1.44)	1,73,52,000 (5.52)	3,78,57,000 (6.08)
Day 2 18-10-23	1,85,55,000 (10.78)	57,48,000 (4.22)	4,26,57,000 (13.58)	6,69,60,000 (10.75)
Day 3 19-10-23	1,85,80,380 (10.79)	1,40,96,700 (10.35)	8,34,51,520 (26.56)	11,61,14,900 (18.65)
Day 3 20-10-23	6,11,73,000 (35.52)	35,46,30,000 (260.37)	25,35,51,000 (80.7)	66,93,54,000 (107.51)

Offer for Sale

1
Offer for Sale(a) Sell upto 6,66,000 equity shares of the selling shareholders of the company.Fresh Issue(a) To Meet Working Capital Requirements ( Rs 29.91/- Cr )(b) General corporate purposes (c) To meet Public Offer Expenses

Fresh Issue

1
Fresh Issue(a) To Meet Working Capital Requirements ( Rs 29.91/- Cr )(b) General corporate purposes (c) To meet Public Offer Expenses
2
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
3
Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
4
With entry barriers, SEBI wants only well informed investors to participate is such SME offer
5
With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
6
However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
7
Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

💬 Community Discussion

2 Comments

B
Bhumit 23 Oct 2023, 18:15

allotment to ane do
T
Tanvir Gondaliya 21 Oct 2023, 02:59

profit kitna milega

Period	Total Income	Total Expenses	Profit After Tax (PAT)
Q1 FY24	112.76	110.07	1.92
FY23	428.87	420.21	5.54
FY22	40.91	40.59	0.52
FY21	11.00	13.52	(1.80)
FY20	14.97	16.33	(0.97)

Open Date	Oct 17, 2023
Close Date	Oct 20, 2023
Allotment Date	Oct 25, 2023
Listing Date	Oct 31, 2023
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 47 to ₹ 50 Per Equity Share
Issue Size	Total Equity Shares of 95,61,000 with aggregating up to Rs 47.81/- Cr Fresh Issue of Up to 88,95,000 with aggregating up to Rs 44.48/- Cr Offer for sale Up to 6,66,000 with aggregating up to Rs 3.33/- Cr
Retail Min Lot	1 Lot (3,000 Shares - ₹ 1,50,000)
Lead Manager	Beeline Capital Advisors Private Limited

Company	P/B Ratio	P/E Ratio	RoNW	Total Revenue (Cr)
Rajgor Castor Derivatives Limited Current	2.94	21.57	23.44%	428
Jayant Agro Organics Limited	1.20	15.1	10.1%	2,772
NK Industries Limited	-	-	- %	2.35

Rajgor Castor Derivatives Limited

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