Ramdevbaba Solvent IPO Details | GMP, Date, Price, Review

Ramdevbaba Solvent IPO Details ( Ramdevbaba Solvent Limited IPO Review )

(15 Apr 2024 – 18 Apr 2024)

Established in 2008, Ramdevbaba Solvent Limited is a key player in producing and supplying high-quality physically refined rice bran oil.

Ramdevbaba Solvent Limited is actively involved in manufacturing, distributing, and selling rice bran oil, catering primarily to FMCG giants like Mother Dairy, Marico Limited, and Empire Spices and Foods Ltd. Additionally, the company promotes its own brands, “Tulsi” and “Sehat,” using a network of 38 distributors who ensure the products reach various retailers across Maharashtra.

Besides oil, the company also produces de-oiled rice bran (DORB), a valuable by-product used as feed for livestock, poultry, and fish. This product is distributed across several Indian states including Maharashtra, Goa, Gujarat, and others. Ramdevbaba Solvent doesn’t stop there; it also markets other by-products like fatty acids, lecithin, gum, spent soil, and wax, selling them in the open market.

Ramdevbaba Solvent operates two manufacturing plants located in Mahadula and Bramhapuri, both near Nagpur in Maharashtra, ensuring it meets demand efficiently and effectively.

Ramdevbaba Solvent Limited IPO Competitive Strength

• Strategic location of our Manufacturing Facilities
• Easy availability of rice bran around our Manufacturing Facilities
• Integrated operations and economies of scale
• Arrangements with FMCG companies for supply of Rice Bran Oil
• Focus on Quality Control
• Experienced Promoters and senior management team

Ramdevbaba Solvent IPO Financials Performance ( Results )

Ramdevbaba Solvent Limited Financial Information (Restated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	Net Worth	Reserves	Borrowing
31-Mar-21	10,125.05	42,717.32	617.06	2,823.95	2,365.22	4,474.16
31-Mar-22	13,134.86	58,525.46	659.15	3,483.10	3,024.37	6,485.67
31-Mar-23	19,062.61	70,433.41	1,300.15	4,783.25	4,324.52	9,922.63
31-Dec-23	20,341.24	46,569.81	828.90	6,857.15	5,235.97	9,998.78

Objective of Ramdevbaba Solvent IPO Issue

• Setting up of new manufacturing facility;
• Repayment in full or in part, of certain outstanding borrowings;
• Funding the working capital requirements of the company; and
• General corporate purposes.

Ramdevbaba Solvent IPO Basic Details

IPO Date	Apr 15, 2024 to Apr 18, 2024
Listing Date	Tuesday, April 23, 2024
Face Value	₹10 per share
Price	₹80 to ₹85 per share
Lot Size	1600 Shares
Issue Size	5,913,600 shares of ₹10 (aggregating up to ₹50.27 Cr)
Fresh Issue	5,913,600 shares of ₹10 (aggregating up to ₹50.27 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	16,211,750
Share holding post issue	22,125,350
Company Promoters	Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, and Tushar Ramesh Mohata

Ramdevbaba Solvent IPO Reservation

Anchor Investor Shares Offered	28.41% of the Net Issue
Market Maker Shares Offered	4.76% of the Net Issue
QIB Shares Offered	18.94% of the Net Issue
NII (HNI) Shares Offered	14.75% of the Net Issue
Retail Shares Offered	33.14% of the Net Issue

Ramdevbaba IPO Timetable

Ramdevbaba IPO will open on April 15, 2024 and close on April 18, 2024. You can join Ramdevbaba IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	15 April 2024 (Monday)
Closing Date	18 April 2024 (Thursday)
Basis of Allotment	19 April 2024 (Friday)
Initiation of Refunds	22 April 2024 (Monday)
Credit of Shares to Demat	22 April 2024 (Monday)
Listing Date	23 April 2024 (Tuesday)
Deadline for UPI mandate confirmation	5 PM on 18 April 2024

Ramdevbaba IPO Lot Size

For retail investors in Ramdevbaba IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹136,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹136,000.

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹136,000
Retail (Max)	1	1600	₹136,000
S-HNI (Min)	2	3200	₹272,000

Ramdevbaba Solvent IPO Promoter Holding

The company’s promoters include Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, and Tushar Ramesh Mohata.

Pre Issue Share Holding	81.01%
Post Issue Share Holding

Ramdevbaba Solvent Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	188.07
Earning Per Share (EPS)	₹9.45 per Equity Share
Net Asset Value (NAV)	₹34.76 per Equity Share
P/E Ratio (P/E) (x)	10.60
Post P/E Ratio (P/E) (x)	17.02
Return on Net Worth (RoNW) (%)	14.24
Return on Capital Employed (ROCE) (%)	10.76
Debt/Equity Ratio	1.46
Price/Book Value Ratio	1.83

Ramdevbaba Solvent IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹27	–	–
15 April 2024	₹20	–	–
14 April 2024	₹18	–	–

Ramdevbaba Solvent IPO Detail Video:

link

Ramdevbaba Solvent IPO Subscription Status (Bidding Detail)

The Ramdevbaba Solvent IPO on April 18, 2024 at 7:02:00 PM was subscribed 126.21 times, with the retail category being subscribed 79.96 times, the NII (Non-Institutional Investor) category being subscribed 314.46 times, QIB (Qualified-Institutional Buyers) category being subscribed 65.95 times.

Category	Subscription
QIB	65.95x
NII	314.46x
Retail	79.96x
Total	126.21x

Ramdevbaba Solvent IPO Prospectus

Ramdevbaba Solvent IPO DRHP	Download
Ramdevbaba Solvent IPO RHP	Download
Ramdevbaba Solvent IPO Anchor Investors Details PDF	Download

Ramdevbaba Solvent IPO Rating

Our Rating

2.5/5.0

Ramdevbaba Solvent Company Contact Information

Ramdevbaba Solvent Limited

Registered Office: Bhaiya Building, Anaj Bazar, Itwari, Nagpur 440 002, Maharashtra, India; Corporate Office: Block No. 205 and 206, Honey Kaushalya Tower, Telephone Exchange Chowk, Central Avenue Road, Nagpur 440,008, Maharashtra, India
Tel: 0712-7968 189
Website: www.ramdevbabasol.com
Contact Person: Pratul Bhalchandra Wate, Company Secretary and Compliance Officer
E-mail: cs@rbsl.co.in
Corporate Identity Number: U01112MH2008PLC188449
Our Promoters: Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, Tushar Ramesh Mohata, Aayush Prashant Bhaiya, Prashant Kisahnlal Bhaiya (Huf), Mohata Nilesh Suresh (Huf), Kishanlal Prashant (Huf), Prashant & Ayush (Huf) and Prashant Prateek (Huf)

Ramdevbaba Solvent IPO Registrar

Bigshare Services Private Limited

Registered Office: 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: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Babu Rapheal C.
SEBI Registration No.: INR000001385

Ramdevbaba Solvent IPO Lead Manager

Registered Office: Sunil Patodia Tower, Plot No. 156-158, J.B. Nagar, Andheri (East), Mumbai, 400 099, Maharashtra, India
Tel: +91 22 6707 9999 / 7919
E-mail: rbsl.ipo@choiceindia.com
Website: www.choiceindia.com/merchant-investment-banking
Investor grievance e-mail: regulator_advisors@choiceindia.com
Contact Person: Nimisha Joshi/ Shreya Poddar
SEBI Registration No.: INM000011872

Ramdevbaba Solvent IPO FAQs