Ramdevbaba Solvent IPO Details: Ramdevbaba Solvent is pleased to announce the fixed dates for its upcoming initial public offering (IPO). The IPO is set to open on April 15th and will conclude on April 18th. As a NSE SME IPO endeavor, we aim to raise ₹50.27 crores through this offering. The IPO price band for Ramdevbaba Solvent is fixed at ₹80 to ₹85 per share, with a market lot comprising 1600 shares.
At Ramdevbaba Solvent, we specialize in the manufacturing, distribution, marketing, and sale of Physically Refined Rice Bran Oil (Rice Bran Oil). Our clientele includes renowned FMCG companies such as Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. Under our brands Tulsi and Sehat, we also produce, market, and sell Rice Bran Oil through a network of thirty-eight (38) distributors, who further distribute to various retailers across Maharashtra.
Rice bran oil, extracted from the hard outer brown layer of rice, known as bran, is celebrated for its high smoke point of 232°C (450°F) and mild flavor, making it suitable for high-temperature cooking methods like stir-frying and deep-frying. Notably, it boasts an ideal balance of Polyunsaturated Fats (PUFA) and Monounsaturated Fats (MUFA), nearly in a 1:1 ratio. Furthermore, owing to its derivation from bran, rice bran oil is naturally rich in Vitamin E, an antioxidant.
In addition to Rice Bran Oil, we also produce De-oiled Rice Bran (DORB), a by-product of the extraction process, which we market as cattle feed, poultry feed, and fish feed across multiple states including Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. Moreover, other by-products such as fatty acid, lecithin, gums, spent earth, and wax are sold in the open market.
Ramdevbaba Solvent IPO Objectives:
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
- Setting up of new manufacturing facility;
- Repayment in full or in part, of certain outstanding borrowings;
- Funding the working capital requirements of the company; and
- General corporate purposes.
Ramdevbaba Solvent IPO Review (Apply or Not)
- To be updated soon
Ramdevbaba Solvent IPO Date & Price Band Details:
| IPO Open: | 15-April-2024 |
| IPO Close: | 18-April-2024 |
| IPO Size: | Approx ₹50.27 Crores, 5,913,600 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹80 to ₹85 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Ramdevbaba Solvent IPO Lot Size:
The minimum market lot for the Ramdevbaba Solvent IPO comprises 1600 shares, necessitating an application amount of ₹136,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹136,000 |
| Retail Maximum | 1 | 1600 | ₹136,000 |
| S-HNI Minimum | 2 | 3200 | ₹272,000 |
Ramdevbaba Solvent IPO Timeline:
The Ramdevbaba Solvent IPO is scheduled to open on April 15th and will remain open until April 18th. Subsequently, the IPO allotment date is set for April 19th, with the potential listing date anticipated to be April 23rd.
| IPO Open Date: | 15-April-2024 |
| IPO Close Date: | 18-April-2024 |
| Basis of Allotment: | 19-April-2024 |
| Refunds: | 22-April-2024 |
| Credit to Demat Account: | 22-April-2024 |
| IPO Listing Date: | 23-April-2024 |
Ramdevbaba Solvent IPO GMP Today:
According to investorgain.com, the Grey Market Premium (GMP) for Ramdevbaba Solvent IPO was reported as ₹0. This indicates that shares were trading at their issue price of ₹85 with neither a premium nor a discount in the grey market.
Analysis of the IPO GMP trend over the past seven sessions reveals no notable fluctuations in grey market activity. Investorgain.com experts foresee this trend persisting until the listing day.
Ramdevbaba Solvent Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹427.17 | ₹418.58 | ₹6.17 |
| 2022 | ₹585.25 | ₹576.06 | ₹6.59 |
| 2023 | ₹704.33 | ₹687.25 | ₹13.00 |
| Dec 2023 | ₹465.70 | ₹454.36 | ₹8.29 |
Ramdevbaba Solvent IPO Valuation – FY2023
Check Ramdevbaba Solvent IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹9.45 per Equity Share |
| Price/Earning P/E Ratio: | 8.47 |
| Return on Net Worth (RoNW): | 31.46% |
| Net Asset Value (NAV): | ₹34.76 per Equity Share |
Peer Group
- BCL Industries Limited
- Gokul Refoils and Solvent Limited
- Gujarat Ambuja Exports Limited
- Kriti Nutrients Limited
- Shri Venkatesh Refineries Limited
Company Promoters
- Prashant Kisanlal Bhaiya
- Nilesh Suresh Mohata
- Tushar Ramesh Mohata
Ramdevbaba Solvent IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Ramdevbaba Solvent IPO Allotment Status
Check Ramdevbaba Solvent IPO allotment status on Bigshare website URL. Click Here
Ramdevbaba Solvent IPO Lead Managers aka Merchant Bankers
- Choice Capital Advisors Pvt Ltd
Company Address
Ramdevbaba Solvent Limited
Bhaiya Building,
Anaj Bazar, Itwari,
Nagpur – 440 002
Phone: +91 0712-7968 189
Email: cs@rbsl.co.in
Website: http://www.ramdevbabasol.com/
