Rajputana Biodiesel IPO GMP: Currently an initial public offering is causing a lot of noise in the primary market. This is the IPO of Rajputana Biodiesel. This is an SME IPO. This Rs 24.70 crore IPO opened for subscription on November 26. You can invest money in this IPO until November 28. This edition of Rajputana Biodiesel has received tremendous response from investors. On the afternoon of the second day, this IPO was subscribed 56 times. This IPO was subscribed 30 times on the first day. The allotment of shares in this IPO will take place on November 29 and the listing of shares will take place on December 3.
Excellent GMP of 73%
Rajputana Biodiesel shares seem to be trading at huge profits in the gray market. In the gray market, this stock is trading at a premium of Rs 95 compared to the issue price of Rs 130. Thus, the stock can be listed on the stock exchanges at Rs 225 with a premium of 73.08 percent. The company has set the price band in the IPO between Rs 123 and Rs 130 per share. Investors can bid in lots of 1,000 shares and in multiples thereof.
What does the company do?
Rajputana Biodiesel is engaged in manufacturing and supplying biofuels and their by-products such as glycerin and fatty acids. The company seeks to explore possibilities of using its byproducts to increase its value and sell biodiesel abroad.
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