Ramdevbaba Solvent IPO

Ramdevbaba Solvent IPO will open for subscription from 15 April 2024. The company aims for an issue size of ₹50.27 Cr through this IPO.

Company Overview

Full nameRamdevbaba Solvent Limited
IndustrySolvent extraction
Company Websitehttps://www.ramdevbabasol.com/

About Company

Ramdevbaba Solvent operates in the manufacturing, distribution, marketing, and sale of Physically Refined Rice Bran Oil to FMCG companies such as Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. Additionally, the company manufactures, markets, and sells Rice Bran Oil under its brands, ‘Tulsi’ and ‘Sehat,’ through 38 distributors who subsequently supply to various retailers across Maharashtra.

Ramdevbaba Solvent also produces De-oiled Rice Bran (DORB), a by-product obtained during the extraction of Rice Bran Oil, which it sells as cattle feed, poultry feed, and fish feed in the states of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. Additionally, other by-products such as fatty acid, lecithin, gums, spent earth, and wax are sold in the open market.

The manufacture of Rice Bran Oil primarily comprises two processes: (i) solvent extraction of crude oil from rice bran, with a capacity of 255,000 metric tonnes per annum (MTPA); and (ii) refining the extracted crude rice bran oil, with a capacity of 48,000 MTPA as of December 2023. The company owns and operates two manufacturing facilities, one in Mahadula and one in Bramhapuri near Nagpur, in Maharashtra.

The Objectives 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 Timetable

IPO Opening date15 April 2024
IPO Closing18 April 2024
Basis of Allotment19 April 2024
Initiation Refund22 April 2024
Credit to Demat Account22 April 2024
Listing Date23 April 2024
(Cut-off time for UPI mandate confirmation – 5 PM on April 18, 2024)

Ramdevbaba Solvent IPO details

Issue typeBook Built Issue IPO
IPO issue size₹50.27 Cr – 5,913,600 shares
Fresh Issue₹50.27 Cr – 5,913,600 shares
Offer for saleNil
Face value₹10 per share
Price Band ₹80 to ₹85 per share
Lot size1600 Shares
Market Maker portion281,600 shares
Shareholding pre-issue16,211,750
Shareholding post-issue22,125,350
Listing ExchangeNSE SME

Ramdevbaba Solvent IPO Lot Size

Retail (Min)11600₹136,000
Retail (Max)11600₹136,000
HNI (Min)23,200₹272,000

Ramdevbaba Solvent IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,680,000 (28.41%)
Market Maker Shares Offered281,600 (4.76%)
QIB Shares Offered1,120,000 (18.94%)
NII (HNI) Shares Offered872,000 (14.75%)
Retail Shares Offered1,960,000 (33.14%)
Total Shares Offered5,913,600 (100%)

Ramdevbaba Solvent Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income6.176.5913.008.29
(Amount in ₹ Crores)

Ramdevbaba Solvent Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio8.47 – 8.99
RONW (%)23.9720.9031.46
ROCE (%)16.5014.0715.26
EBITDA (%)3.893.343.61

Company Promoters

  • Prashant Kisanlal Bhaiya
  • Nilesh Suresh Mohata
  • Tushar Ramesh Mohata

Promoter Holding

Pre Issue Share Holding81.01%
Post Issue Share Holding

Ramdevbaba Solvent IPO Lead Manager(s)

Sunil Patodia Tower, Plot No. 156-158,
J.B. Nagar, Andheri (East), Mumbai, 400 099
Phone: +91 22 6707 9999 / 7919
Email: rbsl.ipo@choiceindia.com
Website: www.choiceindia.com

Ramdevbaba Solvent Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email:  ipo@bigshareonline.com
Website: www.bigshareonline.com

Ramdevbaba Solvent Contact Details

Block No. 205 and 206, Honey Kaushalya Tower,
Telephone Exchange Chowk, Central Avenue Road,
Nagpur 440,008, Maharashtra
Phone: 0712-7968 189
E-mail: cs@rbsl.co.in
Website: www.ramdevbabasol.com

Ramdevbaba Solvent IPO Allotment Status

Ramdevbaba Solvent IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Ramdevbaba Solvent IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

Leave a Comment

Your email address will not be published. Required fields are marked *