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

DRHP RHP

The IPO of Ramdevbaba Solvent Limited is priced at ₹80-85 per equity share, which has a face value of ₹10 Per Equity Share each. The company shall list its equity shares on NSE SME. Bigshare Services Pvt Ltd is the registrar of the issue.

Ramdevbaba Solvent Limited IPO bid opening date is from Apr 15, 2024 and the bid closing date was Apr 18, 2024.
Ramdevbaba Solvent Limited IPO allotment result will be available on Apr 19, 2024. The tentative listing date for Ramdevbaba Solvent Limited is Apr 23, 2024.

The total issue size is 5,913,600 shares(aggregating up to ₹50.27 Cr).

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

ROCE

10.76%

Debt/Equity

1.46

RoNW

14.24%

PAT Margin

1.79

Price to Book Value

1.83

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
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 The 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)

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.