Ramdevbaba Solvent Limited IPO

NSE SME

Listed On: Apr 23, 2024 at ₹ 112.0

₹ 136000 /1600 Shares

Check Allotment

Ramdevbaba Solvent Limited IPO Details

15 Apr, 2024

Open Date

18 Apr, 2024

Close Date

19 Apr, 2024

Allotment Date

23 Apr, 2024

Listing Date

Issue Price

₹80-85 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Bigshare Services Pvt Ltd

List Price

112.0

Listing Date

2024-04-23

Market Lot

1600 Shares (₹136,000/-)

Lead Manager

Choice Capital Advisors Pvt Ltd

Issue Size

5,913,600 shares(aggregating up to ₹50.27 Cr)

Retail Portion

35%

Subscription

126.29 times

IPO Docs

RHP

Ramdevbaba Solvent Limited IPO Subscription Details

As on	QIB / NII	Retail	Total
Shares Offered / Reserved	1,120,000 / 872,000	1,960,000	3,920,000
Day 1 - 15-04-24 06:00 PM	0.00 / 8.18 x	5.80 x	4.68 x
Day 2 - 16-04-24 06:00 PM	0.02 / 14.69 x	13.74 x	10.06 x
Day 3 - 18-04-24 06:00 PM	65.95 / 314.84 x	79.96 x	126.29 x

Total No. of Applications: 97,956 (Approx)

Ramdevbaba Solvent Limited Valuations

EPS Pre IPO

₹8.02/-

EPS Post IPO

₹5.00/-

P/E Pre IPO

10.6

P/E Post IPO

17.02

RoNW

14.24%

Ramdevbaba Solvent Limited Company Financials All values are in ₹ Lakh

	31-Dec-23	31-Mar-23	31-Mar-22	31-Mar-21
Assets	20,341.24	19,062.61	13,134.86	10,125.05
Revenue	46,569.81	70,433.41	58,525.46	42,717.32
Profit After Tax	828.90	1,300.15	659.15	617.06

About The Company

Founded in 2008, 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 Limited - Promoter(s)

Pre Issue Share Holding: 81.01%

Post Issue Share Holding: %

Company Promoter(s)

Prashant Kisanlal Bhaiya
Nilesh Suresh Mohata
Tushar Ramesh Mohata

Ramdevbaba Solvent Limited IPO - Issue Objectives

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.

Other Details

Company Contact Details

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/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Ramdevbaba Solvent Limited IPO - FAQs

Ans. Ramdevbaba Solvent Limited IPO is a SME IPO. The issue is priced at ₹80-85 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Apr 15, 2024, and closes on Apr 18, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Ramdevbaba Solvent Limited IPO opens on Apr 15, 2024 and closes on Apr 18, 2024.

Ans. The size of Ramdevbaba Solvent Limited IPO is 5,913,600 shares(aggregating up to ₹50.27 Cr).

Ans. The IPO price band is set between ₹80-85 per equity share.

Ans. To apply for Ramdevbaba Solvent Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Ramdevbaba Solvent Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Ramdevbaba Solvent Limited IPO is Apr 19, 2024.

Ans. The Ramdevbaba Solvent Limited IPO will be listed on Apr 23, 2024.

Ans. Follow the steps to check the allotment status for Ramdevbaba Solvent Limited IPO here.