Ramdevbaba Solvent Limited produces and distributes physically refined rice bran oil.
The Company is engaged in the manufacture, distribution, marketing and sale of rice bran oil to FMCG companies such as Mother Dairy Fruit & Vegetable Private Limited, Marico Limited and Empire Spices and Foods Ltd. The Company also manufactures, markets and sells rice bran oil under its own brands “Tulsi” and “Sehat” through thirty eight (38) distributors who in turn sell to various retailers in Maharashtra.
The company also manufactures de-oiled rice bran (DORB), which is a by-product of rice bran oil extraction, and sells it as livestock, poultry and fish feed in the states of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. Other by-products such as fatty acid, lecithin, gum, spent soil and wax are sold on the open market.
Ramdevbaba Solvent has two production facilities, one in Mahadula and the other in Bramhapuri near Nagpur in the state of Maharashtra.
Ramdevbaba Solvent IPO – Details
| IPO Opening Date | 15 April 2024 |
| IPO Closing Date | 18 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 59,13,600 Shares Worth ₹50.27 Crore Fresh Issue: 59,13,600 Shares Worth ₹50.27 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹80 – ₹85 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Ramdevbaba Solvent IPO – Date Schedule
| IPO Open Date | 15 April 2024 |
| IPO Close Date | 18 April 2024 |
| Basis of Allotment | 19 April 2024 |
| Initiation of Refund | 22 April 2024 |
| Credit of Shares to Demat Account | 22 April 2024 |
| IPO Listing Date | 23 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 18, 2024 |
Ramdevbaba Solvent IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,36,000 |
| Retail (Maximum) | 1 | 1600 | ₹1,36,000 |
| HNI (Minimum) | 2 | 3200 | ₹2,72,000 |
Competitive Strengths
- The company’s Manufacturing Facilities are situated near Nagpur, Maharashtra giving us the strategic advantage to supply and distribute Rice Bran Oil in Maharashtra and DORB across various states in India.
- The ease of availability of rice bran in abundance, which is the main raw material, ensures the smooth operations of company’s Manufacturing Facilities, and production and sale of its finished products.
- The company has integrated operations involving the extraction of oil from bran and refining of the extracted oil enabling us to meet the time, cost efficiency, quality and quantity requirements.
- The company has arrangements with other FMCG companies for supply of rice bran oil.
- The company has over the years focused immensely on stringent quality control for its products.
- The company’s Promoters have vast knowledge and experience in the agro, food and refining space. The Promoters are complemented by a professional management team which shares the same vision and values as them to drive its growth.
Company Promoters
- Prashant Kisanlal Bhaiya
- Nilesh Suresh Mohata
- Tushar Ramesh Mohata
Object Of The Issue
- 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.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 427.17 | 418.57 | 6.17 | 44.74 |
| 31 March 2022 | 585.25 | 576.05 | 6.59 | 64.85 |
| 31 March 2023 | 704.33 | 687.25 | 13.00 | 99.22 |
| 31 December 2023 | 465.69 | 454.35 | 8.28 | 99.98 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 10.76% |
| Debt/Equity | 1.46 |
| RoNW | 14.24% |
| P/BV | 1.83 |
| PAT Margin (%) | 1.79 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 8.02 | 5.00 |
| P/E (x) | 10.6 | 17.02 |
Ramdevbaba Solvent IPO Promoter Holding
| Pre Issue Share Holding | 81.01% |
| Post Issue Share Holding | – |
Ramdevbaba Solvent IPO Prospectus
Company Contact Information
| 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/ |
Ramdevbaba Solvent IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Ramdevbaba Solvent IPO Lead Manager(s)
| 1. Choice Capital Advisors Pvt Ltd |
Ramdevbaba Solvent IPO FAQs
| What is Ramdevbaba Solvent IPO? Ramdevbaba Solvent IPO is a SME IPO. The issue is priced at ₹80 – ₹85 per equity share. The IPO is to be listed on NSE SME. |
| When Ramdevbaba Solvent IPO will open? The IPO is to open on 15 April 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Ramdevbaba Solvent IPO? You can apply for Ramdevbaba Solvent IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Ramdevbaba Solvent IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Ramdevbaba Solvent”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Ramdevbaba Solvent IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Ramdevbaba Solvent”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Ramdevbaba Solvent IPO Size? Ramdevbaba Solvent IPO size is ₹50.27 crores. |
| What is Ramdevbaba Solvent IPO Price Band? Ramdevbaba Solvent IPO Price Band is ₹80 – ₹85. |
| What is Ramdevbaba Solvent IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,36,000 amount while the maximum bid is 1600 shares with ₹1,36,000. |
| What is the Ramdevbaba Solvent IPO Allotment Date? Ramdevbaba Solvent IPO allotment date is 19 April 2024. |
| What is the Ramdevbaba Solvent IPO Listing Date? Ramdevbaba Solvent IPO listing date is 23 April 2024. The IPO is to list on NSE SME. |
