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Ramdevbaba Solvent IPO is a book built issue of Rs 50.27 crores. The issue is entirely a fresh issue of 59.14 lakh shares.
Ramdevbaba Solvent IPO bidding started from April 15, 2024 and ended on April 18, 2024. The allotment for Ramdevbaba Solvent IPO was finalized on Friday, April 19, 2024. The shares got listed on NSE SME on April 23, 2024.
Ramdevbaba Solvent IPO price band is set at ₹80 to ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹272,000.
Choice Capital Advisors Pvt Ltd is the book running lead manager of the Ramdevbaba Solvent IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Ramdevbaba Solvent IPO is Choice Equity Broking.
Refer to Ramdevbaba Solvent IPO RHP for detailed information.
| IPO Date | April 15, 2024 to April 18, 2024 |
| Listing Date | April 23, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,913,600 shares (aggregating up to ₹50.27 Cr) |
| Fresh Issue | 5,913,600 shares (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 |
| Market Maker portion | 313,600 shares Choice Equity Broking |
Ramdevbaba Solvent IPO offers 5,913,600 shares. 1,120,000 (18.94%) to QIB, 840,000 (14.20%) to NII, 1,960,000 (33.14%) to RII and 1,680,000 (28.41%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,680,000 (28.41%) |
| Market Maker Shares Offered | 313,600 (5.30%) |
| QIB Shares Offered | 1,120,000 (18.94%) |
| NII (HNI) Shares Offered | 840,000 (14.20%) |
| Retail Shares Offered | 1,960,000 (33.14%) |
| Total Shares Offered | 5,913,600 (100%) |
Ramdevbaba Solvent IPO raises Rs 14.28 crore from anchor investors. Ramdevbaba Solvent IPO Anchor bid date is April 12, 2024. Ramdevbaba Solvent IPO Anchor Investors list
| Bid Date | April 12, 2024 |
| Shares Offered | 1,680,000 |
| Anchor Portion Size (In Cr.) | 14.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | May 19, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 18, 2024 |
Ramdevbaba Solvent IPO opens on April 15, 2024, and closes on April 18, 2024.
| IPO Open Date | Monday, April 15, 2024 |
| IPO Close Date | Thursday, April 18, 2024 |
| Basis of Allotment | Friday, April 19, 2024 |
| Initiation of Refunds | Monday, April 22, 2024 |
| Credit of Shares to Demat | Monday, April 22, 2024 |
| Listing Date | Tuesday, April 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 18, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below 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 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3,200 | ₹272,000 |
| Lot Size Calculator | |||
Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, and Tushar Ramesh Mohata are the promoters of the company.
| Share Holding Pre Issue | 81.01% |
| Share Holding Post Issue |
Founded in 2008, Ramdevbaba Solvent Limited produces and distributes physically refined rice bran oil.
The Company is engaged in the manufacture, distribution, marketing and sale of rice bran oil to FMCG companies such as Mother Dairy Fruit & Vegetable Private Limited, Marico Limited and Empire Spices and Foods Ltd. The Company also manufactures, markets and sells rice bran oil under its own brands "Tulsi" and "Sehat" through thirty eight (38) distributors who in turn sell to various retailers in Maharashtra.
The company also manufactures de-oiled rice bran (DORB), which is a by-product of rice bran oil extraction, and sells it as livestock, poultry and fish feed in the states of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. Other by-products such as fatty acid, lecithin, gum, spent soil and wax are sold on the open market.
Ramdevbaba Solvent has two production facilities, one in Mahadula and the other in Bramhapuri near Nagpur in the state of Maharashtra,
Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 and 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Ramdevbaba Solvent IPO is Rs 188.07 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROCE | 10.76% |
| Debt/Equity | 1.46 |
| RoNW | 14.24% |
| P/BV | 1.83 |
| PAT Margin (%) | 1.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.02 | 5 |
| P/E (x) | 10.6 | 17.02 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
[Dilip Davda] The company is having a niche place in central India for Rice Bran Oil supply and has been posting average performance in line with the industry trends. It is now adding de-oiling facility and venturing into ethanol blending that has bright prospects ahead. Based on its FY23/FY24 earnings, the issue appears fully priced. Well informed investors may park funds for the medium to long term rewards. Read detail review...
The Ramdevbaba Solvent IPO is subscribed 126.21 times on April 18, 2024 7:29:56 PM. The public issue subscribed 79.96 times in the retail category, 65.95 times in the QIB category, and 314.46 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 65.95 |
| NII | 314.46 |
| Retail | 79.96 |
| Total | 126.21 |
Total Application : 97,956 (79.96 times)
| Listing Date | April 23, 2024 |
| BSE Script Code | |
| NSE Symbol | RBS |
| ISIN | INE0RJH01010 |
| Final Issue Price | ₹85 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹85.00 |
| ₹112.00 |
| ₹111.00 |
| ₹117.60 |
| ₹117.60 |
Ramdevbaba Solvent Limited
Bhaiya Building,
Anaj Bazar, Itwari,
Nagpur - 440 002
Phone: +91 0712-7968 189
Email: cs@rbsl.co.in
Website: http://www.ramdevbabasol.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Ramdevbaba Solvent IPO is a SME IPO of 5,913,600 equity shares of the face value of ₹10 aggregating up to ₹50.27 Crores. The issue is priced at ₹80 to ₹85 per share. The minimum order quantity is 1600 Shares.
The IPO opens on April 15, 2024, and closes on April 18, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Ramdevbaba Solvent IPO using UPI as a payment gateway. Zerodha customers can apply in Ramdevbaba Solvent IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ramdevbaba Solvent IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ramdevbaba Solvent IPO opens on April 15, 2024 and closes on April 18, 2024.
Ramdevbaba Solvent IPO lot size is 1600 Shares, and the minimum amount required is ₹136,000.
You can apply in Ramdevbaba Solvent IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Ramdevbaba Solvent IPO will be done on Friday, April 19, 2024, and the allotted shares will be credited to your demat account by Monday, April 22, 2024. Check the Ramdevbaba Solvent IPO allotment status.
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