Rajputana Biodiesel’s SME IPO opened today, aiming to raise Rs 25 crore via NSE SME platform. Priced at Rs 123-130 per share, the IPO closes on November 28, with a GMP of Rs 80. The company, specializing in biofuel manufacturing, plans to utilize funds for subsidiary loans and working capital.
How 90% IPOs in August beat volatile India market to return up to 72% after listing
In August, a majority of newly listed IPOs saw a successful debut, outpacing the broader market. Approximately ninety percent of these listings are still trading