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

Ramdevbaba Solvent IPO

Table of Contents

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 EndedTotal AssetsTotal RevenuePATNet WorthReservesBorrowing

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 DateApr 15, 2024 to Apr 18, 2024
Listing DateTuesday, April 23, 2024
Face Value₹10 per share
Price₹80 to ₹85 per share
Lot Size1600 Shares
Issue Size5,913,600 shares of ₹10
(aggregating up to ₹50.27 Cr)
Fresh Issue5,913,600 shares of ₹10
(aggregating up to ₹50.27 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue16,211,750
Share holding post issue22,125,350
Company PromotersPrashant Kisanlal Bhaiya,
Nilesh Suresh Mohata, and
Tushar Ramesh Mohata

Ramdevbaba Solvent IPO Reservation

Anchor Investor Shares Offered28.41% of the Net Issue
Market Maker Shares Offered4.76% of the Net Issue
QIB Shares Offered18.94% of the Net Issue
NII (HNI) Shares Offered14.75% of the Net Issue
Retail Shares Offered33.14% 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.

Opening Date15 April 2024 (Monday)
Closing Date18 April 2024 (Thursday)
Basis of Allotment19 April 2024 (Friday)
Initiation of Refunds22 April 2024 (Monday)
Credit of Shares to Demat22 April 2024 (Monday)
Listing Date23 April 2024 (Tuesday)
Deadline for UPI mandate confirmation5 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.

Retail (Min)11600₹136,000
Retail (Max)11600₹136,000
S-HNI (Min)23200₹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 Holding81.01%
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.

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 Ratio1.46
Price/Book Value Ratio1.83

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

DateGMPKostakSubject to
15 April 2024₹20
14 April 2024₹18

Ramdevbaba Solvent IPO Detail Video:


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.


Ramdevbaba Solvent IPO Prospectus

Ramdevbaba Solvent IPO DRHPDownload
Ramdevbaba Solvent IPO RHPDownload
Ramdevbaba Solvent IPO Anchor Investors Details PDFDownload

Ramdevbaba Solvent IPO Rating

Our Rating2.5/5.0

Ramdevbaba Solvent Company Contact Information

Ramdevbaba Solvent Limited

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

What is the lot size of Ramdevbaba Solvent IPO?

The total size of Ramdevbaba Solvent IPO is ₹50.27 crores and this is a complete fresh Issue.

When will Ramdevbaba Solvent IPO start?

Ramdevbaba Solvent IPO will open from 15 April 2024 and IPO will close on 18 April 2024.

What is the open date of Ramdevbaba Solvent IPO?

Ramdevbaba Solvent IPO will open date from 15 April 2024.

What is the last date ( close date ) of Ramdevbaba Solvent IPO?

Ramdevbaba Solvent IPO will close from 18 April 2024.

What is the price band of Ramdevbaba Solvent IPO?

Ramdevbaba Solvent IPO price band is ₹80 to ₹85. ( Upper Price Band: ₹85, Lower Price Band: ₹80 )

What is the minimum amount required to apply for Ramdevbaba Solvent IPO?

The minimum investment for retailers to apply for Ramdevbaba Solvent IPO is ₹136,000 and the maximum investment is ₹136,000.

What is going on gray market premium of Ramdevbaba Solvent IPO?

View gray market premium of Ramdevbaba Solvent IPO by Clicking Here

How much is the GMP of Ramdevbaba Solvent IPO?

Watch Ramdevbaba Solvent IPO GMP Today: Click Here

What is the allotment date of Ramdevbaba Solvent IPO?

The allotment date of Ramdevbaba Solvent IPO is 19 April 2024.

How to check allotment status in Ramdevbaba Solvent IPO?

To check the allotment status of Ramdevbaba Solvent IPO, first of all go to the registrar website by clicking here, select your bad Ramdevbaba Solvent IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Ramdevbaba Solvent IPO?

The listing date of Ramdevbaba Solvent IPO is 23 April 2024.

How much will be the listing gain in Ramdevbaba Solvent IPO?

View listing gain of Ramdevbaba Solvent IPO by Clicking Here

How much time Ramdevbaba Solvent IPO is subscribed?

Total 126.21 times subscribed in Ramdevbaba Solvent IPO out of which 79.96 times subscription was done in retail quota, 314.46 times subscription in NII quota and 65.95 times subscription in QIB quota.

How to apply for Ramdevbaba Solvent IPO from Upstox?

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How to apply for Ramdevbaba Solvent PO from Zerodha?

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How to apply for Ramdevbaba Solvent IPO from Angle One?

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