Rajgor Castor Derivatives has revealed its intentions to go public, with plans to launch its initial public offering (IPO) on October 17, 2023. The firm has set the IPO price band at Rs 47-50 per share and is aiming to raise Rs 47.8 crore for working capital and corporate purposes.
The company operates under a B2B business model and has shown robust growth in recent times. As of June FY24, the firm reported a net profit of Rs 1.93 crore and revenue of Rs 112.7 crore.
Potential investors have the option to bid for a minimum of 3,000 shares, with a cap of Rs 2 lakh set for retail investors. The firm's anchor book opens on October 16, just a day before the official IPO launch.
The IPO offer will close on October 20, with the allotment of shares finalized by October 26. Shares are expected to be credited to demat accounts by October 30, and trading will commence on the NSE Emerge platform starting from October 31.
Beeline Capital Advisors has been appointed as the merchant banker for the IPO, while Link Intime India will serve as the registrar.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.