Rajgor Castor Derivatives Ltd Share Price – NSE

Edible Oil, Small Cap

Rajgor Castor Derivatives will hold a meeting of the Board of Directors of the Company on 30 December 2023.

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Rajgor Castor Derivatives has revised the meeting of the Board of Directors which was scheduled to be held on 9 November 2023. The meeting will now be held on 10 November 2023.

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Rajgor Castor Derivatives will hold a meeting of the Board of Directors of the Company on 9 November 2023.

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The scrip was listed at Rs 59, up 18% over the initial public offer (IPO) price. The stock was currently up 1.44% over its listing price.

The counter hit a high of Rs 60 and a low of Rs 56.05. About 44.13 lakh shares of the company changed hands at the counter.

Rajgor Castor Derivatives' IPO was subscribed 70 times. The issue opened for bidding on 17 October 2023 and it closed on 20 October 2023. The price of the IPO was fixed at Rs 47 to Rs 50 per share.

The IPO comprised of a fresh issue of upto Rs 88.95 lakh, and an offer for sale (OFS) up to Rs 6.66 lakh by existing shareholders.

The company plans to use the net proceeds for working capital requirements and general corporate purpose.

Ahead of the IPO, Rajgor Castor Derivatives on 16 October 2023, raised Rs 13.56 crore from anchor investors. The board allotted 27,12,000 shares at Rs 50 per share to 7 anchor investors.

Rajgor Castor Derivatives engaged in the business of trading of agro commodity. Currently the company operates B2B business Model and offer its customers Castor Oil and its derivatives. The company manufactures Castor Oil, Castor Seed, Castor Oil cake, High Protein Oil cake at its manufacturing units situated at Harij, Gujarat. The company supply its products in states such as Gujarat, Delhi, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Telangana, Uttar Pradesh and Uttarakhand. As on 31 July 2023, the company has total 60 employees.

The company recorded a revenue from operations of Rs 112.69 crore and net profit of Rs 1.92 crore for the period ended as on 30 June 2023.

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