Rajgor Castor Derivatives Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Rajgor Castor

CMP

37.00

+0.05 (0.14%)

  • DRHP
₹50

Offer Price

₹ 47.81 Cr

Issue Size

₹ 1,50,000

Min Investment

3,000

Lot size

Time Line

  • 17
    Oct 2023
    Open
  • 20
    Oct 2023
    Close
  • 26
    Oct 2023
    Finalisation of Basis of Allotment
  • 27
    Oct 2023
    Initiation of Refunds
  • 30
    Oct 2023
    Transfer of Shares to Demat Account
  • 31
    Oct 2023
    Listing Date

Objects of the Offer

  • Increase its Global Presence through Exports.

  • Leveraging its market skills and relationship.

  • Improving functional efficiency through technology enhancements.

  • Brand image.

Products & Services

  • Rajgor Castor Derivatives Limited is manufacturing of Castor Oil, Castor Oil cake, High Protein Oil cake in the Castor Plant - Harij along with trading of agro-commodity.

Strengths

  • Experienced Management Team.

  • Quality Control and Quality Assurance.

  • Diversified business model and customer base.

  • Scalable Business Model.

Risks

  • The company`s Promoters are party to certain litigation and claims. These legal proceedings are pending at different levels of adjudication before various regulatory authorities. Any adverse decision may make it liable to liabilities/ penalties and may adversely affect its reputation, business and financial status.

  • The company Registered Office from where its operate is not owned by it.

  • The company`s business is subject to seasonal volatility, which may contribute to fluctuations in its results of operations and financial condition.

  • Its cost of production is exposed to fluctuations in the prices of its raw material such as Castor Seeds.

  • The company generally does business with its customers on a purchase order basis and does not enter into long-term contracts with most of them.

Company Promoters

Promoters Holding

Issue For IPO
26.55%
Pre Holding

67.26%

Post Holding

40.71%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 39.67 (306.90%) 428.78 (980.90%) 23.44 (-)
Gross Profit 39.67 (306.90%) 428.78 (980.90%) 23.44 (-)
Net Income 39.67 (306.90%) 428.78 (980.90%) 23.44 (-)
Assets 39.67 (306.90%) 428.78 (980.90%) 23.44 (-)
Liabilities 39.67 (306.90%) 428.78 (980.90%) 23.44 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Rajgor Castor Derivatives Ltd 428.78 5.54 68.18 44.52 23.44 0.00 110.24 5.90 0.65
Jayant Agro Organics Ltd 2,771.61 49.35 760.98 760.98 9.72 16.45 179.40 6.48 0.17
N K Industries Ltd 17.77 -1.86 1,897.49 1,897.49 0.00 -3.10 -834.87 -0.09 0.00

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

# 807 Titanium One,
S G Highway Bodakdev,
Ahmedabad - 380054
Phone : +91 9898926368 Email : cs@rajgorcastor.com www.rajgorcastor.com

Offer Related Information

Initial public offer of 9561000 equity shares of face value of Rs. 10/- each of Rajgor Castor Derivatives Limited ("RCDL" or the "Company" or the "Issuer") for cash at a price of Rs. 50/- per equity share including a share premium of Rs. 40/- per equity share (the "Offer Price") aggregating to Rs. 47.81 crores ("The Offer") comprising of a fresh issue of 8895000 equity shares aggregating to Rs. 44.48 crores (the "Fresh Issue") and an offer for sale of 666000 equity shares by promoter and... More

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