Rajputana Biodiesel IPO Overview

Rajputana Biodiesel specializes in manufacturing biofuels and by-products like glycerine and fatty acids, with a facility in Phulera, Rajasthan. The company is set to raise ₹24.70 crore through the issuance of 19 lakh shares. The IPO price band is ₹123 to ₹130 per share, with an NSE SME listing scheduled for December 3, 2024.

The subscription period for the IPO closed on November 28, 2024, with a 645.81x subscription rate, highlighting strong investor interest. The Grey Market Premium (GMP) for the IPO stands at ₹30 (around 23% above the issue price), indicating robust demand.

Use of Proceeds:

• ₹420 lakh for loan to subsidiary Nirvaanraj Energy Private Limited (NEPL) for expanding its unit.
• ₹1,220 lakh for working capital.
• Remaining funds for general corporate purposes and IPO expenses.

C2C Advanced Systems IPO Overview

C2C Advanced Systems, providing professional services and product engineering solutions globally for over 25 years, is raising ₹94.68 crore through a fresh issue of 43.83 lakh shares. The IPO price band is ₹214 to ₹216 per share, with the NSE SME listing also set for December 3, 2024.

The IPO subscription period closed on November 26, 2024, with a 116.64x subscription rate, indicating significant demand. However, the Grey Market Premium (GMP) for C2C Advanced Systems is currently ₹0, suggesting neutral market sentiment.

Use of Proceeds:

• ₹1,473.10 lakh for capital expenditure to upgrade and set up new experience centers in Bengaluru and Dubai.
• ₹458 lakh for fitting out new premises in both cities.
• ₹160 lakh for security deposit for the Bengaluru premises.
• ₹4,600 lakh for working capital.
• Remaining funds for general corporate purposes.

Subscription and GMP Insights

Both IPOs have demonstrated strong investor interest:

• Rajputana Biodiesel: With a 645.81x subscription, the IPO has attracted attention, reflected in its ₹30 GMP, showing a positive market outlook.
• C2C Advanced Systems: Although its 116.64x subscription is notable, the ₹0 GMP indicates a neutral sentiment toward the stock.

While the high subscription rates for both IPOs indicate demand, the market expectations for Rajputana Biodiesel appear more positive, given its solid GMP. However, C2C Advanced Systems will need to prove its potential through its performance post-listing.

Conclusion

The Rajputana Biodiesel and C2C Advanced Systems IPOs are both scheduled for listing on the NSE SME platform on December 3, 2024. Investors are eagerly anticipating these listings, especially Rajputana Biodiesel, which has seen significant interest reflected in its subscription and GMP.

Rajputana Biodiesel’s IPO is poised for a strong debut, supported by its 645.81x subscription and favorable market sentiment. On the other hand, C2C Advanced Systems, despite a high subscription rate, will need to overcome neutral GMP sentiment to establish its post-listing performance.

Investors should closely monitor the listings for any volatility and future prospects, especially as both companies aim to utilize IPO proceeds for expansion and operational growth.

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