Rajputana Biodiesel's IPO received an overwhelming response, with a subscription of 645.73 times on the final bidding day, November 28. The company, based in Jaipur, aimed to raise Rs 24.70 crore at the upper price band, but the total bids reached an impressive Rs 11,626 crore.

Investor interest was seen across different categories, with non-institutional investors bidding 1,378 times their allotted quota, retail investors subscribing 763 times their reserved portion, and qualified institutional buyers booking 167.9 times their share allocation.

In the grey market, Rajputana Biodiesel's shares are trading at a significant premium, exceeding 75 percent over the upper price band, indicating strong market confidence ahead of the listing. The company specializes in the production of biofuels and by-products, such as glycerine and fatty acids.