Ramdevbaba Solvent IPO GMP, Review, Price, Allotment

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Last updated on April 23, 2024

Ramdevbaba Solvent IPO GMP

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.

Ramdevbaba Solvent

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)


Ramdevbaba Solvent IPO Details

Ramdevbaba Solvent IPO Dates15 – 18 April 2024
Ramdevbaba Solvent Issue PriceINR 80 – 85 per share
Fresh issue5,913,600 shares (INR 47.31 – 50.27 crore)
Offer For SaleNIL
Total IPO size5,913,600 shares (INR 47.31 – 50.27 crore)
Minimum bid (lot size)1,600 Shares (INR 136,000)
Face Value INR 10 per share
Retail Allocation35%
Listing OnNSE Emerge

Ramdevbaba Solvent Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue423.93582.88697.75463.59
Expenses418.58576.06687.25454.36
Net income6.176.5913.008.29
Figures in INR Crores unless specified otherwise

Ramdevbaba Solvent Offer News


Ramdevbaba Solvent Valuations & Margins

FY 2021FY 2022FY 2023
EPS4.484.799.45
PE ratio8.47 – 8.99
RONW (%)23.9720.9031.46
NAV20.5225.3134.76
ROCE (%)16.5014.0715.26
EBITDA (%)3.893.343.61
Debt/Equity 1.581.862.07
*Compiled by IPO Central from Prospectus

Ramdevbaba Solvent IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
22 April 2024910,000
20 April 20241821,000
19 April 20242528,500
18 April 20242528,500
17 April 20242225,000
16 April 20242022,000
15 April 20242022,000
13 April 20242022,000
12 April 20242022,000
11 April 20242022,000
10 April 202477,500

Ramdevbaba Solvent IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered1,120,000840,0001,960,0003,920,000
18 Apr 202465.95314.8479.96126.29
16 Apr 20240.0215.5013.4710.06
15 Apr 20240.008.455.564.59

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 Date15 April 2024
IPO Closing Date18 April 2024
Finalization of Basis of Allotment19 April 2024
Initiation of refunds22 April 2024
Transfer of shares to demat accounts22 April 2024
IPO Listing Date23 April 2024
Opening Price on NSE SMEINR 112 per share (up 31.76%)
Closing Price on NSE SMEINR 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[email protected]
Website: 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: +91 22 6263 8200
Email:  [email protected]
Website: 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.

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