Rajputana Biodiesel IPO attracts bids of Rs 13,000 crore, oversubscribed 718 times

Rajputana Biodiesel's IPO attracted bids worth Rs 13,000 crore, significantly exceeding its target of Rs 25 crore. The shares were offered at Rs 123-130 each, with a minimum application of 1,000 shares. The IPO was open from November 26 to 28 and saw a subscription rate of 718.81 times for the net issue. Non-institutional investors subscribed 1,345.95 times, while retail investors subscribed 746.57 times. The grey market premium for the shares rose to Rs 100, indicating a potential listing gain of up to 77%. Shares will list on the NSE Emerge platform on December 3. Allotment details will be finalized on November 29.