Ramdevbaba Solvent Limited IPO
NSE SMEListed On: Apr 23, 2024 at ₹ 112.0
₹ 272000 /3200 Shares
*Min Investment
15 Apr, 2024
Open Date18 Apr, 2024
Close Date19 Apr, 2024
Allotment Date23 Apr, 2024
Listing DateRamdevbaba Solvent Limited IPO Issue Details
- Issue Price ₹80-85 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 59,13,600 shares(aggregating up to ₹50.27 crore)
- Fresh Share 59,13,600 shares(aggregating up to ₹50.27 crore)
- Listing at NSE SME
- List Price 112.0
- Listing Date 2024-04-23
- Lead Manager Choice Capital Advisors Pvt Ltd
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,36,000 |
| Retail(max) | 1 | 1600 | ₹1,36,000 |
| NII (min) | 2 | 3200 | ₹2,72,000 |
Ramdevbaba Solvent Limited IPO Reservation
Ramdevbaba Solvent Limited IPO offers total 5,913,600 shares. Out of which 1,120,000 (18.94%) allocated to QIB, 840,000 (14.2%) allocated to NII,1,960,000 (33.14%) allocated to RII, NA (NA%) allocated to employees and 1,680,000 (28.41%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1,680,000 (28.41%) | |
| Market Maker Shares Offered | 313,600 (5.3%) | |
| QIB Shares Offered | 1,120,000 (18.94%) | |
| NII (HNI) Shares Offered | 840,000 (14.2%) | |
| Retail Shares Offered | 1,960,000 (33.14%) | |
| Total Shares Offered | 5,913,600 (100%) |
Ramdevbaba Solvent Limited IPO Details
Ramdevbaba Solvent Limited IPO is an SME IPO, priced at ₹80-85 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 59,13,600 equity shares, aggregating up to ₹50.27 crores..
The IPO bidding window is open from Apr 15, 2024 to Apr 18, 2024. The allotment is expected to be finalized on Apr 19, 2024, and the tentative listing date is Apr 23, 2024.
The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,36,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,72,000.
Choice Capital Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Choice Equity Broking Private Limited will act as the market maker for this issue.
Ramdevbaba Solvent Limited IPO Subscription Analysis And 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 |
Ramdevbaba Solvent Limited Valuations
Ramdevbaba Solvent Limited Company Financials
| 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 |
| Net Worth | 6,857.15 | 4,783.25 | 3,483.10 | 2,823.95 |
| Reserves & Surplus | 5,235.97 | 4,324.52 | 3,024.37 | 2,365.22 |
| Total Borrowing | 9,998.78 | 9,922.63 | 6,485.67 | 4,474.16 |
About Ramdevbaba Solvent Limited Company
Ramdevbaba Solvent Limited, established in 2008, produces and distributes physically refined rice bran oil.
The Company manufactures, distributes, markets, and sells rice bran oil to FMCG companies, including Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. Rice bran oil is also manufactured, marketed, and sold by the Company through its house brands Tulsi and Sehat, sold to various retailers by thirty-eight (38) distributors located in Maharashtra.
De-oiled rice bran (DORB), a by-product of rice bran oil extraction, is also produced by the company and sold in the states of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu as livestock, poultry, and fish feed. Other by-products such as fatty acid, lecithin, gum, spent soil, and wax are sold in the open market.
Ramdevbaba Solvent has two manufacturing units. The first is in Mahadula and the second is near Nagpur, in the state of Maharashtra, in Bramhapuri.
Ramdevbaba Solvent Limited - Promoter(s)
Prashant Kisanlal Bhaiya
Nilesh Suresh Mohata
Tushar Ramesh Mohata
Pre Issue Share Holding : 81.01%
Post Issue Share Holding : %
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.
Ramdevbaba Solvent Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Ramdevbaba Solvent Limited | 9.45 | 9.45 | 34.76 | N/A | 31.46 | N/A | Standalone |
| Bcl Industries Ltd | 2.75 | 2.75 | 19.9 | 21.15 | 15.19 | 19.84 | Consolidated |
| Gokul Refoils & Solvent Ltd. | 2.44 | 2.44 | 33.15 | 14.39 | 7.64 | 0.8 | Consolidated |
| Gujarat Ambuja Exports Ltd. | 14.4 | 14.4 | 106.15 | 10.99 | 14.5 | 2.19 | Consolidated |
| Kriti Nutrients Ltd | 4.15 | 4.15 | 26.42 | 22.33 | 11.7 | 1.43 | Consolidated |
| Shri Venkatesh Refineries Ltd | 12.96 | 12.96 | 59.79 | 5.48 | 24.09 | 2.7 | Consolidated |
Notes:
- P/E Ratio has been computed based on the closing market price of equity shares on NSE on December 18, 2023, divided by the Diluted EPS.
- Return on net worth is calculated as Net profit after tax, as restated, attributable to the owners of Ramdevbaba Solvent Limited for the year/ period divided by Average Net worth. Average net worth means the average of the aggregate value of the paid-up share capital and reserves and surplus of the current and previous financial year/period.
- NAV is computed as the net worth at the end of the year attributable to owners of the parent divided by the weighted average number of equity shares outstanding at the end of the year.
- The basic and diluted earnings per share for the Equity Shares of Ramdevbaba Solvent Limited has been presented to reflect the adjustments for the split of equity shares and issue of bonus shares subsequent to June 30, 2023.
Contact Details
Ramdevbaba Solvent Limited
Bhaiya Building, Anaj Bazar, Itwari, Nagpur -440 002
+91 0712-7968 189
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
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. You can track the real-time subscription numbers using the links below:
Ans. The size of Ramdevbaba Solvent Limited IPO is 5,913,600 shares(aggregating up to ₹50.27 Cr).
Ans. The Ramdevbaba Solvent Limited IPO price band is set between ₹80-85 per equity share.
Ans. To apply for Ramdevbaba Solvent Limited 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 Ramdevbaba Solvent Limited IPO allotment status online.
