Rajputana Biodiesel IPO: 56 Times Subscribed, 73% Profit in Grey Market – Is There Still Time to Invest?

An IPO is creating a lot of buzz in the primary market right now — the Rajputana Biodiesel IPO. This is an SME IPO with a total value of Rs 24.70 crore, which opened for subscription on November 26. You can invest in this IPO until November 28. Rajputana Biodiesel’s issue has received a tremendous response from investors. By the afternoon of the second day, the IPO was subscribed 56 times, following a 30 times subscription on the first day. Share allotment will take place on November 29, and the listing of shares will occur on December 3.

Great GMP of 73%

Rajputana Biodiesel stock is showing significant profits in the grey market. The stock is currently trading at a premium of Rs 95 compared to the issue price of Rs 130. As a result, it could be listed on the stock exchanges at Rs 225, reflecting a premium of 73.08%. The company has set the price band in the IPO at Rs 123 to Rs 130 per share. Investors can bid in lots of 1,000 shares and multiples thereof.

IPO update for the day:
Rajesh power: 160 crore ipo, 22% GMP – HNI might close at 80-100x , if premiums stable or rise it might increase further
Rajputana Biodiesel: 24 crore ipo, 75% GMP – HNI might be much above 700-900x

Both are worth applying take a call based on your… pic.twitter.com/EDeulqbdqo

— Aadesh jain – IPOs and more (@adeshjainj) November 27, 2024

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What Does the Company Do?

Rajputana Biodiesel is engaged in the manufacturing and supply of bio-fuel and its by-products, such as glycerin and fatty acids. The company aims to enhance the value of its by-products and is exploring the possibility of selling bio-diesel abroad.

Uses of Biodiesel in Real Life

1. Fuel for Vehicles: Used as an alternative to diesel in cars, trucks, and buses.
2. Energy Generation: Powers plants and industries, offering a cleaner alternative to coal.
3. Heating: Used in residential and commercial heating systems as a substitute for heating oil.
4. Marine Transport: Powers boats and ships, reducing environmental impact.
5. Agricultural Equipment: Fuels tractors and harvesters, promoting sustainability in farming.
6. Lubricants & Chemicals: By-products like glycerin are used in cosmetics and industrial products.
7. Biojet Fuel: Used in aviation as an eco-friendly fuel option.
8. Military Vehicles: Provides a sustainable fuel option for military and emergency vehicles.
9. Biodiesel helps reduce fossil fuel dependence and lowers emissions across various industries.

More about Rajputana Biodiesel

It is based in Rajasthan, India, and is a company engaged in the manufacturing and supply of biodiesel and its by-products, such as glycerin and fatty acids. The company aims to not only provide an eco-friendly fuel alternative but also leverage its by-products for added value, including exploring international markets for biodiesel sales. The company’s focus on sustainable and renewable energy solutions has attracted investor interest, particularly through its recent IPO, which has garnered significant subscriptions and strong trading activity in the grey market. Rajputana Biodiesel is committed to reducing environmental impact while contributing to the energy sector.