Rajputana Biodiesel's ₹25 crore IPO gets bids worth ₹13,000 cr: How to check allotment status online on NSE, Maashitla Securities

Rajputana Biodiesel IPO allotment status is expected to be finalised on Friday, November 29. The NSE SME issue closed with strong subscription on Thursday, November 28.

The retail portion of the IPO was booked 746.56 times and the Non-Institutional Investors’ (NIIs) category was subscribed 1,346.48 times. The Qualified Institutional Buyers (QIBs) subscribed the issue 177.38 times.

The subscription window for the public issue was open from November 26 to November 28. Refunds will be initiated for unsuccessful bidders on November 29 and successful bidders will receive shares of Rajputana Biodiesel in their Demat accounts on December 2. Shares of Rajputana Biodiesel will list on the NSE SME platform, Emerge. The tentative listing date for the SME issue is December 3.

Rajputana Biodiesel IPO share allotment status can be checked on the NSE website and the registrar Maashitla Securities Private Limited website.

Steps to check Rajputana Biodiesel IPO share allotment status on NSE website

• Visit the allotment status page of the NSE website at https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
• Type in your username and password (First time users will need to create an account on the NSE website to view IPO allotment status).
• Select ‘Rajputana Biodiesel Limited’ from the dropdown menu.
• Enter and verify your PAN details.
• Type in your IPO application number.
• Click ‘Submit’ and your allotment details will be shown on screen.

Here’s how to check Rajputana Biodiesel IPO share allotment on registrar website

• Visit the Maashitla Securities portal using this link: https://maashitla.com/.
• Go to the 'Allotment Status' section of the home page.
• Choose ‘Rajputana Biodiesel’ from the drop down menu for company names.
• Type in any of the following details— PAN/Application Number/Demat Number.
• Click the 'Submit' button.

Rajputana Biodiesel IPO details

Rajputana Biodiesel IPO, worth ₹24.7 crore, consisted of an entirely fresh issue of 19 lakh shares.

Rajputana Biodiesel IPO price band was fixed at ₹123 to ₹130 per share. The minimum lot size for retail investors was fixed at 1,000 shares which aggregated to an investment of ₹1,30,000.

Rajputana Biodiesel IPO objective

Rajputana Biodiesel will use the money raised through the public issue for lending a loan to its subsidiary Nirvaanraj Energy Private Limited. The subsidiary will use the money borrowed to expand its existing manufacturing facility. A portion of the money raised will also be used to fund working capital requirements of the company and general corporate purposes.

About Rajputana Biodiesel

Rajputana Biodiesel was founded in 2016. The company produces biofuels and by-products, such as glycerine and fatty acids. The company employed 30 workers on a permanent basis as of July 31, 2024.