Rajgor Castor Derivatives Announces IPO Plans
Rajgor Castor Derivatives to Go Public
Rajgor Castor Derivatives has announced its plans to launch an initial public offering (IPO) on October 17, 2023. The company aims to raise Rs 47.8 crore through the IPO, which will be used for working capital and corporate purposes.
IPO Price Band and Potential Investors
The IPO price band has been set at Rs 47-50 per share. Potential investors have the option to bid for a minimum of 3,000 shares, with a cap of Rs 2 lakh set for retail investors. The firm’s anchor book will open on October 16, a day before the official IPO launch.
B2B Business Model and Growth
Rajgor Castor Derivatives operates under a B2B business model and has experienced robust growth in recent times. As of June FY24, the company reported a net profit of Rs 1.93 crore and revenue of Rs 112.7 crore.
Allotment and Trading Dates
The IPO offer will close on October 20, and the allotment of shares will be finalized by October 26. Shares are expected to be credited to demat accounts by October 30. Trading will commence on the NSE Emerge platform from October 31.
Merchant Banker and Registrar
Beeline Capital Advisors has been appointed as the merchant banker for the IPO, while Link Intime India will serve as the registrar.
This article provides information on Rajgor Castor Derivatives’ upcoming IPO. The company plans to go public on October 17, 2023, aiming to raise Rs 47.8 crore for working capital and corporate purposes. The IPO price band has been set at Rs 47-50 per share, and potential investors have the opportunity to bid for a minimum of 3,000 shares. The firm’s anchor book will open on October 16, and the IPO offer will close on October 20. The allotment of shares will be finalized by October 26, and trading is expected to commence on October 31. Beeline Capital Advisors will act as the merchant banker, and Link Intime India will be the registrar. Rajgor Castor Derivatives operates under a B2B business model and has shown impressive growth, reporting a net profit of Rs 1.93 crore and revenue of Rs 112.7 crore as of June FY24.
