{"id":73538,"date":"2023-10-17T08:10:01","date_gmt":"2023-10-17T12:10:01","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/rajgor-castor-derivatives-sme-ipo-subscribed-1-36-times-on-opening-day\/"},"modified":"2023-10-17T08:10:03","modified_gmt":"2023-10-17T12:10:03","slug":"rajgor-castor-derivatives-sme-ipo-subscribed-1-36-times-on-opening-day","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=73538","title":{"rendered":"Rajgor Castor Derivatives’ SME IPO subscribed 1.36 times on opening day"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

Rajgor Castor Derivatives’ Small and Medium Enterprises (SME) Initial Public Offering (IPO), priced between Rs 47-50, opened for subscription on Tuesday and was subscribed 1.36 times. The company is promoted by Brijeshkumar Vasantlal Rajgor, Vasantkumar S Rajgor, and Maheshkumar S Rajgor.<\/p>\n

The promoters aim to raise Rs 47.81 crore through the IPO, which will result in their stake in the company reducing to 40.71% and 19.31%, respectively post-IPO. This fundraising effort follows the pre-IPO round where the company raised Rs 13.56 crore from seven anchor investors, including NAV Capital VCC – NAV Capital Emerging Star Fund.<\/p>\n

The funds raised from the IPO will be allocated for working capital and corporate purposes, with Beeline Capital Advisors, Link Intime India, and Spread X Securities managing the proceedings.<\/p>\n

Rajgor Castor Derivatives operates in the Business-to-Business (B2B) sector with a focus on castor oil manufacturing, high-protein oil cake production, and agro-commodity trading. The company reported a net profit of Rs 5.54 crore in the fiscal year 2023.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Rajgor Castor Derivatives’ Small and Medium Enterprises (SME) Initial Public Offering (IPO), priced between Rs 47-50, opened for subscription on Tuesday and was subscribed 1.36 times. The company is promoted by Brijeshkumar Vasantlal Rajgor, Vasantkumar S Rajgor, and Maheshkumar S Rajgor. The promoters aim to raise Rs 47.81 crore through the IPO, which […]<\/p>\n","protected":false},"author":1,"featured_media":6537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-73538","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nRajgor Castor Derivatives' SME IPO subscribed 1.36 times on opening day | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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