Rajgor Castor Derivatives Limited

About Rajgor Castor Derivatives Limited IPO: Incorporated in 2018 as “Hindprakash Castor Derivatives Private Limited, Subsequently, the name of the company was changed from “Hindprakash Castor Derivatives Private Limited” to “Ardent Castor Derivatives Private Limited”, in January 2022. Later on, the name of the company was changed from “Ardent Castor Derivatives Private Limited” to “Rajgor Castor Derivatives Private Limited” in February 2022. Rajgor Castor Derivatives Limited has commenced manufacturing of Refined Castor Oil First Stage Grade (F.S.G.), Castor De-Oiled Cake and High Protein Castor De-Oiled Cake for the domestic market. They are currently operating on a B2B business model and offer their customers Castor Oil and its derivatives & the primary focus is on operations relating to quality control, inventory management and business development Castor oil is a yellow viscous liquid free from suspended matter and insoluble in water. It is produced by refining commercial grade Castor Oil after undertaking the bleaching and filtering process. Castor oil has multiple industrial applications and is extensively demanded in Lubricants, Paints, Pharmaceuticals, Cable insulators, Sealants, Inks, Rubber and Textiles etc. It is also used to relief Constipation, Eyelashes grow, Hair grow, Skin moisturiser ad to improve immunity function. It is also used for applying on food grains to protect from the insects/fungus. High Protein Castor De Oiled Cake is an organic manure which enhances the fertility of the soil without causing any damage or decay. They supply their products in states such as Gujarat, Delhi, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh and Uttarakhand. Rajgor Castor Derivatives Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives: 1. To Meet Working Capital Requirements 2. General Corporate Purpose 3. To meet Public Offer Expenses Here are key details about the Rajgor Castor Derivatives Limited IPO: Company Name Rajgor Castor Derivatives Limited Company Type Private IPO Type SME Rajgor Castor Derivatives Limited IPO Opening Date 17 October 2023 Rajgor Castor Derivatives Limited IPO Closing Date 20 October 2023 Rajgor Castor Derivatives Limited IPO Allotment Status 26 October 2023 Credit of Shares to the Demat Account 30 October 2023 Rajgor Castor Derivatives Limited IPO Listing Date 31 October 2023 Rajgor Castor Derivatives Limited IPO Face Value ₹ 10 per share Rajgor Castor Derivatives Limited IPO Lot Size 3000 shares Rajgor Castor Derivatives Limited IPO Issue Size ₹ 47.81 crore Rajgor Castor Derivatives Limited IPO to be Listed on NSE SME Rajgor Castor Derivatives Limited IPO Price band ₹ 47- ₹ 50 per share