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The IPO includes an offer for sale of 666000 shares and a fresh issue of 8895000 equity shares. Post-allotment, the shares will be listed on the NSE SME Emerge platform, a marketplace for small and medium enterprises in India.
The minimum market lot for both application and trading is set at 3,000 shares. Beeline Capital Advisors Private Limited and Link Intime India Pvt. Ltd., who are managing the offer, have registered the IPO.
Rajgor Castor Derivatives is a B2B entity that produces Castor oil, Refined Castor Oil First Special Grade (F.S.G.), Castor De-Oiled Cake, and High Protein Castor De-Oiled Cake. The company plans to direct Rs. 29.92 cr ($401,000) of the net proceeds into working capital, with the remainder covering general corporate and public issue expenses.
The firm has a keen focus on quality control, inventory management, and business expansion, which aligns with its use of IPO proceeds for bolstering working capital.
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