Rajputana Biodiesel Limited has gained significant attention due to its recent IPO and its position in the growing renewable energy market. With a focus on biodiesel and its by-products, the company is poised to leverage India’s shift towards sustainable energy solutions. This blog covers the IPO details, company background, financials, business overview, and detailed month-wise Rajputana Biodiesel share price targets from 2024 to 2040.
Rajputana Biodiesel IPO Details
| Parameter | Details |
|---|---|
| IPO Size | ₹24.70 crore |
| Price Band | ₹123-₹130 per share |
| Lot Size | 1,000 shares (₹1,30,000 minimum investment) |
| IPO Opening Date | November 26, 2024 |
| IPO Closing Date | November 28, 2024 |
| Allotment Date | November 29, 2024 |
| Listing Date | December 3, 2024 |
The IPO was highly successful, with an overall subscription rate of 719 times. Rajputana Biodiesel’s shares saw a Grey Market Premium (GMP) of ₹100, indicating high expectations for positive listing performance.
Rajputana Biodiesel Company Details
| Founded | 2016 |
|---|---|
| Location | G24 RIICO Industrial Area, Phulera, Rajasthan, India |
| Facility Size | 4,000 square meters |
| Production Capacity | Approved: 30 kl/pd; Installed: 24 kl/pd |
Rajputana Biodiesel focuses on producing biodiesel and related by-products such as glycerine, caustic potash flakes, and esterified fatty acids. It uses feedstocks like used cooking oil and animal fats, aligning with sustainability goals.
Rajputana Biodiesel Business Overview
Rajputana Biodiesel utilizes a transesterification process to convert raw materials into biodiesel, ensuring high-quality products that meet international standards.
| Key Products | Details |
|---|---|
| Biodiesel | Main product with growing demand |
| By-products | Glycerine, caustic potash flakes, methanol, and more |
| Job Work | Semi-refining glycerine for other manufacturers |
The company also provides job work for semi-refining glycerine, enhancing its service portfolio in the biofuel sector.
Rajputana Biodiesel Financials
| Metric | FY 2021-22 | FY 2022-23 | FY 2023-24 | 4M FY 2024-25 |
|---|---|---|---|---|
| Revenue (₹ Cr.) | 17.07 | 23.41 | 53.46 | 26.72 |
| Expenses (₹ Cr.) | 17.16 | 21.27 | 47.59 | 23.88 |
| PAT (₹ Cr.) | 0.20 | 1.69 | 4.50 | 3.10 |
| EBITDA (₹ Cr.) | 1.36 | 3.50 | 7.55 | 3.72 |
| Debt/Equity Ratio | 8.48 | 1.95 | 1.27 | – |
Rajputana Biodiesel has shown remarkable growth in revenue and profitability, supported by efficient operations and a declining debt-equity ratio.
Rajputana Biodiesel Shareholding Pattern
| Category | Pre-IPO Holding (%) | Post-IPO Holding (%) |
|---|---|---|
| Promoters | 89.99 | 65.69 |
| Public and Others | 10.01 | 34.31 |
The IPO diluted the promoters’ stake from 90% to approximately 65.69%, broadening public ownership and enhancing market participation.
Rajputana Biodiesel Share Price Target 2024 To 2040
Below are the month-wise Rajputana Biodiesel share price targets for 2024, 2025, 2026, 2027, 2028, 2029,2030 and 2040:
Rajputana Biodiesel Share Price Target 2024
| Month | Price (₹) |
|---|---|
| January | IPO not listed |
| February | IPO not listed |
| March | IPO not listed |
| April | IPO not listed |
| May | IPO not listed |
| June | IPO not listed |
| July | IPO not listed |
| August | IPO not listed |
| September | IPO not listed |
| October | IPO not listed |
| November | IPO not listed |
| December | 250 |
Rajputana Biodiesel Share Price Target 2025
| Month | Price (₹) |
|---|---|
| January | 260 |
| February | 270 |
| March | 280 |
| April | 290 |
| May | 300 |
| June | 310 |
| July | 320 |
| August | 330 |
| September | 340 |
| October | 345 |
| November | 348 |
| December | 350 |
Rajputana Biodiesel Share Price Target 2026
| Month | Price (₹) |
|---|---|
| January | 360 |
| February | 370 |
| March | 380 |
| April | 390 |
| May | 400 |
| June | 410 |
| July | 420 |
| August | 430 |
| September | 440 |
| October | 450 |
| November | 460 |
| December | 470 |
Rajputana Biodiesel Share Price Target 2027
| Month | Price (₹) |
|---|---|
| January | 480 |
| February | 490 |
| March | 500 |
| April | 510 |
| May | 520 |
| June | 530 |
| July | 540 |
| August | 550 |
| September | 560 |
| October | 570 |
| November | 580 |
| December | 590 |
Rajputana Biodiesel Share Price Target 2028
| Month | Price (₹) |
|---|---|
| January | 600 |
| February | 610 |
| March | 620 |
| April | 630 |
| May | 640 |
| June | 650 |
| July | 660 |
| August | 670 |
| September | 680 |
| October | 690 |
| November | 700 |
| December | 710 |
Rajputana Biodiesel Share Price Target 2029
| Month | Price (₹) |
|---|---|
| January | 720 |
| February | 730 |
| March | 740 |
| April | 750 |
| May | 760 |
| June | 770 |
| July | 780 |
| August | 790 |
| September | 800 |
| October | 810 |
| November | 820 |
| December | 830 |
Rajputana Biodiesel Share Price Target 2030
| Month | Price (₹) |
|---|---|
| January | 840 |
| February | 850 |
| March | 860 |
| April | 870 |
| May | 880 |
| June | 890 |
| July | 900 |
| August | 910 |
| September | 920 |
| October | 930 |
| November | 940 |
| December | 950 |
Rajputana Biodiesel Share Price Target 2040
| Month | Price (₹) |
|---|---|
| January | 2,500 |
| June | 2,800 |
| December | 3,000 |
Rajputana Biodiesel Peer Comparison
| Company | Revenue (FY 2023) | PAT (FY 2023) | Market Focus | Key Strengths |
|---|---|---|---|---|
| Rajputana Biodiesel Ltd | ₹53.46 crore | ₹4.50 crore | Biodiesel and by-products | Strong growth, aligned with government policies |
| Universal Biofuels | ₹60 crore | ₹5 crore | Biodiesel production | Established presence, sustainability focus |
| Aemetis Inc. | $200 million | $10 million | Renewable fuels | Innovation and R&D |
| Neste | €2.5 billion | €500 million | Renewable diesel | Market leader, strong brand |
Rajputana Biodiesel shows strong growth but operates on a smaller scale compared to global leaders like Neste and Aemetis.
FAQs
Q1. What is the share price target for 2024?
The share price is projected to reach ₹250 by December 2024.
Q2. How does Rajputana Biodiesel compare to Universal Biofuels?
Rajputana has shown faster growth in revenue and profitability but is still scaling operations compared to Universal Biofuels.
Q3. What factors drive the company’s growth?
Increased demand for biodiesel, government incentives, and operational efficiency contribute to Rajputana’s growth trajectory.
Final Words
Rajputana Biodiesel Limited is well-positioned in the renewable energy market, supported by government policies and rising demand for sustainable fuels. The company’s strong financial performance and ambitious expansion plans make it a promising investment opportunity. With detailed month-wise share price targets showcasing consistent growth, Rajputana Biodiesel offers significant potential for long-term investors.