Last updated on April 23, 2024
Ramdevbaba Solvent IPO description – Ramdevbaba Solvent operates in the manufacturing, distribution, marketing, and sale of Physically Refined Rice Bran Oil to FMCG companies such as Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. Additionally, the company manufactures, markets, and sells Rice Bran Oil under its brands, ‘Tulsi’ and ‘Sehat,’ through 38 distributors who subsequently supply to various retailers across Maharashtra.
Ramdevbaba Solvent also produces De-oiled Rice Bran (DORB), a by-product obtained during the extraction of Rice Bran Oil, which it sells as cattle feed, poultry feed, and fish feed in the states of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. Additionally, other by-products such as fatty acid, lecithin, gums, spent earth, and wax are sold in the open market.
The manufacture of Rice Bran Oil primarily comprises two processes: (i) solvent extraction of crude oil from rice bran, with a capacity of 255,000 metric tonnes per annum (MTPA); and (ii) refining the extracted crude rice bran oil, with a capacity of 48,000 MTPA as of December 2023. The company owns and operates two manufacturing facilities, one in Mahadula and one in Bramhapuri near Nagpur, in Maharashtra.
Promoters of Ramdevbaba Solvent – 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)
Table of Contents
Ramdevbaba Solvent IPO Details
| Ramdevbaba Solvent IPO Dates | 15 – 18 April 2024 |
| Ramdevbaba Solvent Issue Price | INR 80 – 85 per share |
| Fresh issue | 5,913,600 shares (INR 47.31 – 50.27 crore) |
| Offer For Sale | NIL |
| Total IPO size | 5,913,600 shares (INR 47.31 – 50.27 crore) |
| Minimum bid (lot size) | 1,600 Shares (INR 136,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE Emerge |
Ramdevbaba Solvent Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 423.93 | 582.88 | 697.75 | 463.59 |
| Expenses | 418.58 | 576.06 | 687.25 | 454.36 |
| Net income | 6.17 | 6.59 | 13.00 | 8.29 |
Ramdevbaba Solvent Offer News
- Ramdevbaba Solvent RHP
- Ramdevbaba Solvent Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Ramdevbaba Solvent Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 4.48 | 4.79 | 9.45 |
| PE ratio | – | – | 8.47 – 8.99 |
| RONW (%) | 23.97 | 20.90 | 31.46 |
| NAV | 20.52 | 25.31 | 34.76 |
| ROCE (%) | 16.50 | 14.07 | 15.26 |
| EBITDA (%) | 3.89 | 3.34 | 3.61 |
| Debt/Equity | 1.58 | 1.86 | 2.07 |
Ramdevbaba Solvent IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 22 April 2024 | 9 | – | 10,000 |
| 20 April 2024 | 18 | – | 21,000 |
| 19 April 2024 | 25 | – | 28,500 |
| 18 April 2024 | 25 | – | 28,500 |
| 17 April 2024 | 22 | – | 25,000 |
| 16 April 2024 | 20 | – | 22,000 |
| 15 April 2024 | 20 | – | 22,000 |
| 13 April 2024 | 20 | – | 22,000 |
| 12 April 2024 | 20 | – | 22,000 |
| 11 April 2024 | 20 | – | 22,000 |
| 10 April 2024 | 7 | – | 7,500 |
Ramdevbaba Solvent IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 1,120,000 | 840,000 | 1,960,000 | 3,920,000 |
| 18 Apr 2024 | 65.95 | 314.84 | 79.96 | 126.29 |
| 16 Apr 2024 | 0.02 | 15.50 | 13.47 | 10.06 |
| 15 Apr 2024 | 0.00 | 8.45 | 5.56 | 4.59 |
The market maker reservation portion of 313,600 shares is not included in the above calculations.
Ramdevbaba Solvent IPO Allotment Status
Ramdevbaba Solvent IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Ramdevbaba Solvent IPO Dates & Listing Performance
| IPO Opening Date | 15 April 2024 |
| IPO Closing Date | 18 April 2024 |
| Finalization of Basis of Allotment | 19 April 2024 |
| Initiation of refunds | 22 April 2024 |
| Transfer of shares to demat accounts | 22 April 2024 |
| IPO Listing Date | 23 April 2024 |
| Opening Price on NSE SME | INR 112 per share (up 31.76%) |
| Closing Price on NSE SME | INR 117.60 per share (up 38.35%) |
Ramdevbaba Solvent Offer Lead Manager
CHOICE CAPITAL ADVISORS PRIVATE LIMITED
Sunil Patodia Tower, Plot No. 156-158,
J.B. Nagar, Andheri (East), Mumbai, 400 099
Phone: +91 22 6707 9999 / 7919
Email:Â [email protected]
Website:Â www.choiceindia.com
Ramdevbaba Solvent Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone:Â +91 22 6263 8200
Email:Â Â [email protected]
Website:Â www.bigshareonline.com
Ramdevbaba Solvent IPO Contact Details
RAMDEVBABA SOLVENT LIMITED
Block No. 205 and 206, Honey Kaushalya Tower,
Telephone Exchange Chowk, Central Avenue Road,
Nagpur 440,008, Maharashtra
Phone: 0712-7968 189
E-mail: [email protected]
Website: www.ramdevbabasol.com
IPO FAQs
What is the Ramdevbaba Solvent offer size?
Ramdevbaba Solvent offer size is INR 47.31 – 50.27 crores.
What is the Ramdevbaba Solvent offer price band?
Ramdevbaba Solvent public offer price is INR 80 – 85 per share.
What is the lot size of the Ramdevbaba Solvent IPO?
Ramdevbaba Solvent offer lot size is 1,600 shares.
What is Ramdevbaba Solvent IPO GMP today?
Ramdevbaba Solvent IPO GMP today is INR 9 per share.
What is the Ramdevbaba Solvent kostak rate today?
Ramdevbaba Solvent kostak rate today is INR NA per application.
What is Ramdevbaba Solvent Subject to the Sauda rate today?
Ramdevbaba Solvent is Subject to the Sauda rate today is INR 10,000 per application.
