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Rajgor Castor Derivatives Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Rajgor Castor Derivatives Ltd IPO

Registered Office: # 807 Titanium One,S G Highway Bodakdev , Ahmedabad - 380054 , Gujarat , India.
Phone : +91 9898926368   Fax:
Email :  cs@rajgorcastor.com  
Website :  www.rajgorcastor.com
Initial public offer of 9561000 equity shares of face value of (Rs)10/- each of Rajgor Castor Derivatives Limited ("RCDL" or the "Company" or the "Issuer") for cash at a price of (Rs)50/- per equity share including a share premium of (Rs)40/- per equity share (the "Offer Price") aggregating to (Rs)47.81 crores ("The Offer") comprising of a fresh issue of 8895000 equity shares aggregating to (Rs)44.48 crores (the "Fresh Issue") and an offer for sale of 666000 equity shares by promoter and promoter group selling shareholder - Brijeshkumar Vasantlal Rajgor, Vasantkumar Shankarlal Rajgor, Maheshkumar Shankarlal Rajgor, Induben Vasantkumar Rajgor, Jagrutiben Pareshkumar Rajgor, Kiranben Maheshkumar Rajgor, Pareshkumar Vasudev Rajgor and Zenishaben Anilkumar Rajgor aggregating to (Rs)3.33 crores ("Offer for Sale"), of which 501000 equity shares of face value of (Rs)10/- each for cash at a price of (Rs)50/- per equity share including a share premium of (Rs)40/- per equity share aggregating to (Rs)2.51 crores will be reserved for subscription by market maker to the offer (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. net offer of 9060000 equity shares of face value of (Rs)10/- each at a price of (Rs)50/- per equity share including a share premium of (Rs)40/- per equity share aggregating to (Rs)45.30 crores is herein after referred to as the "Net Offer". The offer and the net offer will constitute 39.98 % and 37.88%, respectively, of the post offer paid up equity share capital of the company. The face value of the equity shares is (Rs)10/- each.

Issue Money Payable On
Opens On Closes On Application Allotment
17-Oct-23 20-Oct-23 (Rs)50.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :3000  Further Multiples of :3000

  (Rs Cr) Lead Managers to the Issue
Project Cost 40.66
Beeline Capital Advisors Pvt Ltd
Project Financed through Current Offer 47.81  
Post Issue Equity Share Capital 23.92  
Issue Price (Rs)50.00  
 
Projects
To meet working capital requirementsGeneral corporate purposes
Promoted By
Brijeshkumar Vasantlal Rajgor  
Vasantkumar Shankarlal Rajgor  
Maheshkumar Shankarlal Rajgor  
Listing At
NSE - SME 
Registrar to the Issue
MUFG Intime India Pvt Ltd