Ramdevbaba Solvent Limited IPO is an NSE SME IPO. They are going to raise ₹50.27 Crores via IPO. The issue is priced at ₹80 to ₹85 per equity share. The IPO is to be listed on NSE.
IPO opens for subscription on April 15, 2024, and closes on April 18, 2024. The allotment for the Ramdevbaba Solvent Limited IPO is expected to be finalized on April 19, 2024. Ramdevbaba Solvent Limited IPO will list on NSE SME with tentative listing date fixed as April 23, 2024.
| IPO Details | allotment |
| Minimum Investment ₹136,000 /1 Lot (1600 shares) | Price Range ₹80-₹85 | |
| Max Quantity 1 Lots/1600 Shares | Max Investment ₹136,000 | Retail Discount ₹0 |
| Investor category and subcategory Individual- HNI & Retail | Issue Size 50.27 Cr | Employee Discount ₹0 |
| Total Issue Size 5,913,600 Shares (aggregating up to ₹50.27 Cr) | Share Holding Pree Issue 16,211,750 | Issue Type Book Built Issue IPO |
| Fresh Issue Share 5,913,600 Shares (aggregating up to ₹50.27 Cr) | Share Holding Post Issue 22,125,350 | Listing At NSE SME |
| Market Maker Portion 281,600 Shares (Choice Equity Broking) | Face value ₹10 pr share. |
IPO Dates
| Offer Starts | 15 April 2024 |
| Offer Ends | 18 April 2024 |
| Allotment | 19 April 2024 |
| Refunds | 22 April 2024 |
| Credit of shares to Demat account | 22 April 2024 |
| IPO Listing | 23 April 2024 |
About Ramdevbaba Solvent Limited
Founded in 2008, Ramdevbaba Solvent Limited produces and distributes physically refined rice bran oil.
Ramdevbaba Solvent is in the business of manufacturing, distribution, marketing, and selling of Physically Refined Rice Bran Oil (Rice Bran Oil). They manufacture and sell Rice Bran Oil to FMCG companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. They also manufacture, market, and sell Rice Bran Oil under their brands Tulsi and Sehat through thirty-eight (38) distributors who in turn sell to various retailers across Maharashtra. Rice bran oil is the oil extracted from the hard outer brown layer of rice called bran. It is well known for its high smoke point of 232 °C i.e. 450 °F and mild flavor, making it fit for high-temperature cooking methods such as stir-frying and deep-frying. It has an ideal balance of Polyunsaturated Fats (PUFA) and Monounsaturated Fats (MUFA), in almost a 1:1 ratio. Since rice bran oil is made from bran, it is rich in Vitamin E, an antioxidant.
| Founded in | Managing Director |
| 2008 | Mr. Nilesh Suresh Mohata |
Share Holding
Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, and Tushar Ramesh Mohata are the promoters of the company.
| Share Holding Pre-Issue | 81.01% |
| Share Holding Post-Issue | % |
Ramdevbaba Solvent Limited IPO Prospectus
| Ramdevbaba Solvent Limited IPO Prospectus | |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Financials
| Year | 2023 | 2022 | 2021 |
| Revenue | ₹70,433.41 | ₹58,525.46 | ₹42,717.32 |
| Assets | ₹19,062.61 | ₹13,134.86 | ₹10,125.05 |
| Profit | ₹1300.15 | ₹659.15 | ₹617.06 |
| values are in ₹. Lakhs |
Fundamentals
Company’s key performance indicators
| Values | Values | ||
| Market cap | 188.07 Cr | ROE | 10.76% |
| P/E (X) | 10.6 | ROCE | % |
| POST P/E (X) | 17.02 | EPS | 8.02 |
| Debt to Equity | 1.46 | RONW | 14.24% |
Objects of the Issue
The Objects of the company is to raise funds for:
- Setting up of new manufacturing facility
- Repayment in full or in part, of certain outstanding borrowings
- Funding the working capital requirements of the company
- General corporate purposes
Brokerage Firm IPO Review
- To be updated soon
| Ramdevbaba Solvent Limited Contact Details | |
| Address | Ramdevbaba Solvent Limited Bhaiya Building, Anaj Bazar, Itwari, Nagpur – 440 002 |
| Phone: | +91 0712-7968 189 |
| cs@rbsl.co.in | |
| Website | http://www.ramdevbabasol.com/ |
| Ramdevbaba Solvent Limited IPO Registrar | |
| . | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | http://www.bigshareonline.com |
| Ramdevbaba Solvent Limited IPO Allotment Status Check |
| Greenhitech Ventures Limited IPO Allotment Status Check Click Here |
| Ramdevbaba Solvent Limited Lead Managers | |
| Choice Capital Advisors Pvt Ltd Shree Shakambhari Corporate Park, 156-158, Chakravarty Ashok Society, J B Nagar, Andheri (East), Mumbai 400 099 | |
| Phone | +91-22- 6707 9999 |
| kdml@choiceindia.com | |
| Website | http://www.choiceindia.com |
Ramdevbaba Solvent Limited IPO FAQs
What is Ramdevbaba Solvent Limited IPO?
- Ramdevbaba Solvent Limited IPO is an NSE SME IPO. They are going to raise ₹50.27 Crores via IPO. The issue is priced at ₹80 to ₹85 per equity share. The IPO is to be listed on NSE.
- The IPO opens on April 15, 2024, and closes on April 18, 2024.
When Ramdevbaba Solvent Limited IPO will open?
- The IPO is to open on April 15, 2024, for QIB, NII, and Retail Investors. and closes on April 18, 2024
What is Ramdevbaba Solvent Limited IPO Investors Portion?
- The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Ramdevbaba Solvent Limited IPO Size?
- Ramdevbaba Solvent Limited IPO size is ₹50.27 crores.
What is Ramdevbaba Solvent Limited IPO Price Band?
- Ramdevbaba Solvent Limited IPO Price Band is ₹80 to ₹85 per equity share.
What is Ramdevbaba Solvent Limited IPO Minimum and Maximum Lot Size?
- The IPO bid is Minimum 1 Lot (1600 Shares) with ₹136,000. and Maximum Lot Size 1 Lots (1600 Shares) with ₹136,000
What is Ramdevbaba Solvent Limited IPO Allotment Date?
- Ramdevbaba Solvent Limited IPO allotment date is April 19, 2024.
What is Ramdevbaba Solvent Limited IPO Listing Date?
- Ramdevbaba Solvent Limited IPO listing date is April 23, 2024. The IPO to list on NSE.