Ramdevbaba Solvent Limited IPO
Ramdevbaba Solvent Limited is an NSE SME IPO listed on the NSE SME platform, priced at ₹80–₹85 per share. The stock debuted at ₹112, delivering a listing gain of 31.8%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,36,000.
Ramdevbaba Solvent Limited IPO
- IPO Dates
- Apr 15, 2024 – Apr 18, 2024
- Price band
- ₹80-85 per equity share
- Minimum Investment
- ₹1,36,000
- Issue size
- ₹50.27 Cr
- Lot size
- 1600
- Allotment Date
- Apr 19, 2024
- Listing
- Apr 23, 2024
- Listing At
- NSE SME
IPO timeline
-
Apr 15, 2024
Open Date
Completed
-
Apr 18, 2024
Close Date
Completed
-
Apr 19, 2024
Allotment Date
Completed
-
Apr 23, 2024
Listing Date
Completed
Ramdevbaba Solvent Limited IPO Essentials
Ramdevbaba Solvent Limited IPO Details
Ramdevbaba Solvent Limited IPO is priced at ₹80-85 per share with a total issue size of 50.27 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹80-85 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 5,913,600 shares(aggregating up to ₹50.27 Cr)
- Total issue size
- 59,13,600 shares
(aggregating up to ₹50.27 crore) - Fresh issue
- 59,13,600 shares
(aggregating up to ₹50.27 crore) - Listing at
- NSE SME
- List price
- 112.0
- Listing date
- Registrar
- Bigshare Services Pvt Ltd
- Lead manager
-
Choice Capital Advisors 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 reservation details show category-wise allocation of shares. Out of the total 5,913,600 shares, approximately 18.94% are reserved for QIB, 14.2% for NII, 33.14% for retail investors, 5.3% for market maker, and 28.41% for 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 Analytics
Ramdevbaba Solvent Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Ramdevbaba Solvent Limited IPO Subscription Status
Ramdevbaba Solvent Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹8.02/-
- EPS Post IPO
- ₹5.00/-
- P/E Pre IPO
- 10.6
- P/E Post IPO
- 17.02
Returns
- ROCE
- 10.76%
- RoNW
- 14.24%
- PAT Margin
- 1.79
Fundamentals
- Debt / Equity
- 1.46
- Price / Book
- 1.83
Ramdevbaba Solvent Limited Financials( In Lakhs)
| 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 |
Ramdevbaba Solvent Limited Company & Offer Insights
About Ramdevbaba Solvent Limited
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 are the company's promoters of Ramdevbaba Solvent Limited.
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 Information
Contact Details
Ramdevbaba Solvent Limited
+91 0712-7968 189
Bhaiya Building, Anaj Bazar, Itwari, Nagpur -440 002
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
Frequently Asked Questions
Click any question to reveal the answer
Ramdevbaba Solvent Limited IPO is a book-built IPO worth ₹50.27 crore. The price band is ₹80–₹85 per share. The IPO opens on Apr 15, 2024 and closes on Apr 18, 2024. It will be listed on NSE SME Platform. Bigshare Services Pvt Ltd is the registrar.
The price band of Ramdevbaba Solvent Limited IPO is ₹80 to ₹85 per share.
The lot size of Ramdevbaba Solvent Limited IPO is 1600 shares.
The minimum investment for Ramdevbaba Solvent Limited IPO is approximately ₹1,36,000 based on the upper price band .
Ramdevbaba Solvent Limited IPO opens on Apr 15, 2024 and closes on Apr 18, 2024.
The allotment date of Ramdevbaba Solvent Limited IPO is Apr 19, 2024.
Ramdevbaba Solvent Limited IPO is expected to be listed on Apr 23, 2024, on NSE SME Platform.
Ramdevbaba Solvent Limited IPO valuation snapshot: P/E 17.02, EPS ₹5.00/-, P/B 1.83, RoNW 14.24%, and market cap N/A.
To apply for Ramdevbaba Solvent Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Ramdevbaba Solvent Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Ramdevbaba Solvent Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Ramdevbaba Solvent Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ramdevbaba Solvent Limited IPO allotment status on IPO Ji for quick and easy access.