Ramdevbaba Solvent IPO will be Open on April 15, 2024, and closes on April 18, 2024. The company has fixed the price of this IPO at ₹80-₹85 according to the face value of ₹10. The company will raise ₹50.27 Crores through this IPO under the 5,913,600 Equity Shares public issue, and the offer is 100% Book Built Issue. The company reserves a quota of 50% for QIB 15% for NII and 35% for Retail Investor in this IPO. You can check Ramdevbaba Solvent IPO GMP here.
Ramdevbaba Solvent Limited business of manufacturing, distribution, marketing, and selling of Physically Refined Rice Bran Oil (“Rice Bran Oil”). The company manufactures and sells Rice Bran Oil to FMCG companies like 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 our brands “Tulsi” and “Sehat” through thirty-eight (38) distributors who in turn sell to various retailers across Maharashtra.
The company also produces De-oiled Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil, and sells the same 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. Other by-products such as fatty acid, lecithin, gums, spent earth, and wax are sold in the open market. You can check Ramdevbaba Solvent IPO subscription status here.
The company manufacture of Rice Bran Oil mainly involves two processes: (i) solvent extraction of crude oil from rice bran, having a capacity of 2,55,000 MTPA; and (ii) refining the extracted crude rice bran oil, having a capacity of 48,000* MTPA.
The company owns and operates two (2) Manufacturing Facilities, one (1) in Mahadula and one (1) in Bramhapuri near Nagpur, in the State of Maharashtra, which are strategically located in Central India. Our Manufacturing Facilities have extraction and refining divisions that enable integrated production and processing of Rice Bran Oil.
Objects Of The Issue :
- Setting up of new manufacturing facility.
- Repayment in full or in part, of certain of our outstanding borrowings.
- Funding the working capital requirements of our Company and.
- General corporate purposes.
Company 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 our main raw material, ensures the smooth operations of our Manufacturing Facilities, and the production and sale of our 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 to supply rice bran oil.
- The company has over the years focused immensely on stringent quality control for our products.
- The Company Promoters have vast knowledge and experience in the agro, food, and refining space. Our Promoters are complemented by a professional management team that shares the same vision and values as them to drive our growth.
| Read also: Upcoming IPO List 2024 |
Ramdevbaba Solvent IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹8.29 Cr ₹85 /EQ 5.60 16.80x 14.24 % 14.24 % 10.76 % 1.46 ₹46.33 ₹203.41 Cr ₹188.07 Cr 81.01 % – % |
| Team Review : | ✔ Apply For Long Term |
Show Review…….
- ■ The company is primarily in rice bran oil and related products manufacturing.
- ■ The company now venturing into ethanol blending via its subsidiary..
- ■ The company Based on FY23/FY24 earnings, the issue appears fully priced.
- ■ The company PE ratio is very attractive.
- ■ The price band is attractive on this valuation, so I think apply for long time.
Ramdevbaba Solvent IPO, Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | April 15, 2024 |
| IPO Close : | April 18, 2024 |
| Face Value : | ₹10 Equity Share |
| Price Band : | ₹80-₹85 Per Share |
| Listing On : | NSE, SME |
| Issue Size : | ₹50.27. Cr {5,913,600 Shares} |
| Fresh Issue : | ₹50.27. Cr {5,913,600 Shares} |
Ramdevbaba Solvent IPO Market Lot :
Ramdevbaba Solvent IPO Minimum Market lot is 1 Lot with 1600 shares with ₹136,00 Application amount. The retail investors can apply up to 2 lots with 3200 Shares or ₹272,000 amounts.
| Category | Lot | Share | Amount |
| Retail (Min) : | 1 | 1600 | ₹136,000 |
| Retail (Max) : | 1 | 1600 | ₹136,000 |
| S-HNI (Min) : | 2 | 3200 | ₹272,000 |
Ramdevbaba Solvent IPO Net Reservation :
Ramdevbaba Solvent IPO Net Reservation of 5,913,600 shares is to be bid for the public issue by Ramdevbaba Solvent IPO with 11,20,000 for QIB and 8,40,000 for NII 19,60,000 For RII.
| Category | Reservation | Shares | Amount Cr |
| Anchor : | 28.41% | 16,80,000 | ₹14.28 |
| QIB : | 18.94% | 11,20,000 | ₹9.52 |
| NII : | 14.20% | 8,40,000 | ₹7.14 |
| RII : | 33.14% | 19,60,000 | ₹16.66 |
| MMRP : | 5.30% | 313,600 | ₹2.67 |
| Total : | 100% | 5,913,600 | ₹50.27 |
Ramdevbaba Solvent IPO EPS & RoNW :
The Ramdevbaba Solvent company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 Dec | ₹5.60 | 14.24 | ₹46.33 |
| 2023 | ₹9.45 | 31.46 | ₹34.76 |
| 2022 | ₹4.79 | 20.90 | ₹25.31 |
| 2021 | ₹4.48 | 23.97 | ₹20.52 |
Ramdevbaba Solvent IPO Peer Comparison PE :
The Ramdevbaba Solvent, According to the RHP of the company is listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| BCL Industries Limited | 21.15 |
| Gokul Refoils and Solvent | 14.39 |
| Gujarat Ambuja Exports | 10.99 |
| Kriti Nutrients | 22.33 |
| Shri Venkatesh Refineries | 5.48 |
Ramdevbaba Solvent IPO Dates :
Ramdevbaba Solvent IPO Date is April 15, 2024, and closes on April 18, 2024. The allotment will be finalized on April 22, 2024, and the IPO may list on April 23, 2024.
| Issue Open Date : | April 15, 2024 |
| Issue Close Date : | April 18, 2024 |
| Allotment Date : | April 19, 2024 |
| Refund Date : | April 22, 2024 |
| Share Credit Date : | April 22, 2024 |
| Listing Date : | April 23, 2024 |
Ramdevbaba Solvent IPO Form :
There are two ways to apply in Ramdevbaba Solvent IPO. You can apply for Ramdevbaba Solvent IPO through ASBA available in your bank account. You have to go to your online bank login select Ramdevbaba Solvent IPO in the Invest section and apply through your bank account. Another option is you apply Ramdevbaba Solvent IPO through an IPO form downloaded through NSE and BSE. See the Ramdevbaba Solvent IPO Form – Download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
Ramdevbaba Solvent Company Financial Report (Cr) :
| Year | Revenue | Expense | PAT |
| 2023 Dec | ₹465.60 | ₹454.36 | ₹8.29 |
| 2023 | ₹704.33 | ₹687.25 | ₹13.00 |
| 2022 | ₹585.25 | ₹576.60 | ₹6.59 |
| 2021 | ₹427.17 | ₹458.18 | ₹6.17 |
Company Promoters :
■ Prashant Kisanlal Bhaiya
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
Ramdevbaba Solvent IPO Lead Managers :
■ Choice Capital Advisors Pvt Ltd
Ramdevbaba Solvent IPO Registrar :
Bigshare Services Private Limited
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai – 400 093,
Maharashtra, India
Telephone: +91 22 6263 8200
Email: [email protected]
Investor grievance email: [email protected]
Website: www.bigshareonline.com
Note: Check Ramdevbaba Solvent IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Ramdevbaba Solvent Limited
Bhaiya Building,
Anaj Bazar, Itwari,
Nagpur 440 002,
Maharashtra, India.
Telephone: +91 0712-7968189
Website: www.ramdevbabasol.com
Ramdevbaba Solvent IPO FAQs :
What is Ramdevbaba Solvent IPO?
Ramdevbaba Solvent IPO is SME IPO. They are going to raise ₹50.27 Crores via IPO. The issue is priced at ₹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 April 15, to April 18,2024, for QIB, NII & RII.
How much is Ramdevbaba Solvent’s IPO Size?
Ramdevbaba Solvent’s IPO size is ₹50.27 Crores.
How much is the Fresh issue size of Ramdevbaba Solvent IPO?
The Fresh issue size of Ramdevbaba Solvent IPO ₹50.27 Cr.
What is Ramdevbaba Solvent IPO Price Band?
Ramdevbaba Solvent IPO Price Band is ₹80-₹85 Per share.
What is the Ramdevbaba Solvent IPO Minimum and Maximum Lot Size?
The minimum bid is 1600 Shares with ₹136,000 amount while the maximum bid is 3200 shares with ₹272,000.
How much is Ramdevbaba Solvent IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 15%, RII 35%.
When is the Ramdevbaba Solvent IPO Allotment Date?
Ramdevbaba Solvent IPO allotment date is April 19, 2024
When is Ramdevbaba Solvent IPO Listing Date?
Ramdevbaba Solvent IPO listing date is April 23, 2024. The IPO to list on NSE, SME.
How to Apply the Ramdevbaba Solvent IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Ramdevbaba Solvent IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Ramdevbaba Solvent IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Ramdevbaba Solvent IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Ramdevbaba Solvent IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Ramdevbaba Solvent IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Ramdevbaba Solvent IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Ramdevbaba Solvent IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Ramdevbaba Solvent GMP: Click Here Ramdevbaba Solvent Subscription: Click Here Ramdevbaba Solvent Allotment: Click Here Ramdevbaba Solvent Listing: Click Here |
All Ramdevbaba Solvent IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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