Ramdevbaba Solvent Limited IPO (Ramdevbaba Solvent IPO)

Ramdevbaba Solvent Limited IPO
Upcoming Ramdevbaba Solvent IPO | New Ramdevbaba Solvent IPO

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

Ramdevbaba Solvent IPO – Details

IPO Opening Date15 April 2024
IPO Closing Date18 April 2024
Issue TypeBook Built Issue IPO
Issue Size59,13,600 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 Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtNSE SME
RegisterBigshare Services Pvt Ltd
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Ramdevbaba Solvent IPO – Date Schedule

IPO Open Date15 April 2024
IPO Close Date18 April 2024
Basis of Allotment19 April 2024
Initiation of Refund22 April 2024
Credit of Shares to Demat Account22 April 2024
IPO Listing Date23 April 2024
Cut-off time for UPI mandate confirmation5 PM on April 18, 2024

Ramdevbaba Solvent IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Retail (Minimum)11600₹1,36,000
Retail (Maximum)11600₹1,36,000
HNI (Minimum)23200₹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.
Ramdevbaba Solvent IPO
Object of the Issues

Company Financial

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021427.17418.576.1744.74
31 March 2022585.25576.056.5964.85
31 March 2023704.33687.2513.0099.22
31 December 2023465.69454.358.2899.98
Amount in ₹ Crore

Key Performance Indicator

PAT Margin (%)1.79
EPS (Rs)8.025.00
P/E (x)10.617.02

Ramdevbaba Solvent IPO Promoter Holding

Pre Issue Share Holding81.01%
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

Ramdevbaba Solvent IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com

Ramdevbaba Solvent IPO Lead Manager(s)

1. Choice Capital Advisors Pvt Ltd

Ramdevbaba Solvent IPO FAQs

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.
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