What is the issue size of Rajgor Castor Derivatives IPO?

The issue size of the Rajgor Castor Derivatives IPO is Rs 47.81 cr

What is 'pre-apply' for Rajgor Castor Derivatives IPO?

Pre-apply will alow you to apply for the Rajgor Castor Derivatives IPO 2 days before the subscription period starts.

If I pre-apply for Rajgor Castor Derivatives IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Rajgor Castor Derivatives IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Rajgor Castor Derivatives IPO order is placed?

We will notify you when your Rajgor Castor Derivatives IPO order is placed with the exchange.

What are the open and close dates of the for Rajgor Castor Derivatives IPO?

Rajgor Castor Derivatives IPO will be open between 17 Oct - 20 Oct, 2023.

What is the lot size and minimum order quantity of the Rajgor Castor Derivatives IPO?

Rajgor Castor Derivatives Limited IPO lot size is 3000 shares.

What are the allotment dates for the Rajgor Castor Derivatives IPO?

Rajgor Castor Derivatives IPO allotment date is 26 Oct, 2023. For Rajgor Castor Derivatives IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Rajgor Castor Derivatives IPO?

Rajgor Castor Derivatives IPO registrar is Link Intime India Private Ltd. You can check Rajgor Castor Derivatives IPO allotment status on the website of the registrar.

Where is the Rajgor Castor Derivatives IPO getting listed?

The shares are proposed to be listed on NSE SME.

Rajgor Castor Derivatives IPO

Rajgor Castor Derivatives Limited

₹1,41,000 /3000 sharesMinimum Investment

Rajgor Castor Derivatives IPO Listing DetailsListed OnIssue Price
NSE₹50.00
Rajgor Castor Derivatives IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
17 Oct ‘23 - 20 Oct ‘23₹1,41,0003,000₹47 - ₹50
Issue SizeIPO Doc
47.81CrRHP PDF
About Rajgor Castor DerivativesIncorporated in 2018, Rajgor Castor Derivatives Limited manufactures castor oil, castor seed, castor oil cake, and high protein oil cake at their manufacturing units located in Harij, Gujarat.
Rajgor Castor Derivatives Limited has started producing refined castor oil first stage grade (FSG), castor de-oiled cake, and high protein castor de-oiled cake for the local market. They operate under a B2B business model, providing customers with Castor Oil and its derivatives.;
Parent Organisation
Rajgor Castor Derivatives Limited
Founded
2018
Managing Director
Mr. Brijeshkumar Vasantlal Rajgor
Strengths & Risks
Rajgor Castor Derivatives has an in-house testing laboratory and the necessary infrastructure to examine both raw materials and finished products, ensuring compliance with quality standards and customer specifications.
The company has established a presence in domestic markets, supplying its products to various states, including Gujarat, Delhi, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh, and Uttarakhand.
The company has adopted a diversified business model. Their range of offerings encompasses castor doc, seeds, and oil. It ensures a flow of revenue throughout the year.
The company serves a diverse mix of end markets across various industries. 
Rajgor Castor Derivatives faces certain legal proceedings and claims involving its promoters. Any unfavorable outcomes could result in financial liabilities, penalties, and damage to the company's reputation.
The company's production costs are vulnerable to fluctuations in the prices of its raw materials, particularly castor seeds.
Generally, the company conducts business with customers based on purchase orders rather than long-term contracts.
The top ten customers accounted for 75.37%, 72.30%, 100%, and 100% of sales for June 30, 2023, 2022-23, 2021-22, and 2020-21, respectively. If any of these major customers are lost, it could have a negative impact on the company's revenues and profitability. 
The company depends on a small group of suppliers to procure the raw materials needed for its manufacturing process. The top ten suppliers accounted for 90.46%, 79.65%, 47.61%, and 18.35% of purchases for June 30, 2023, 2022-23, 2021-22, and 2020-21, respectively.
While the company generates revenue from various domestic regions, a significant portion comes from Gujarat. For June 30, 2023, and the financial years ending March 31, 2023, March 2022, and March 2021, Gujarat contributed 84.99%, 83.09%, 100%, and 100% of the company's total revenue, respectively.
Over the past three years, the company has experienced negative cash flows from its operating activities. It could have an impact on the company's growth and overall business.
The company has taken unsecured loans, which are repayable on demand. As of March 31, 2023, the company has unsecured loans totaling Rs. 102.10 lakhs from directors.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹47 - 50₹2 Lakh
High Networth Individual₹47 - 50₹2 - 5 Lakh
For Rajgor Castor Derivatives SME IPO, eligible investors can apply as Regular.

Listed On	Issue Price
NSE	₹50.00

Bidding Dates	Min. Investment	Lot Size	Price Range
17 Oct ‘23 - 20 Oct ‘23	₹1,41,000	3,000	₹47 - ₹50

Issue Size	IPO Doc
47.81Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹47 - 50	₹2 Lakh
High Networth Individual	₹47 - 50	₹2 - 5 Lakh

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