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Ramdevbaba Solvent Limited IPO (Ramdevbaba Solvent IPO) Detail

April 15, 2024 - April 18, 2024

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.

Ramdevbaba Solvent IPO Details

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 Size5,913,600 shares
(aggregating up to ₹50.27 Cr)
Fresh Issue5,913,600 shares
(aggregating up to ₹50.27 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding pre issue16,211,750
Share holding post issue22,125,350
Market Maker portion313,600 shares
Choice Equity Broking

Ramdevbaba Solvent IPO Reservation

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 Offered1,680,000 (28.41%)
Market Maker Shares Offered313,600 (5.30%)
QIB Shares Offered1,120,000 (18.94%)
NII (HNI) Shares Offered840,000 (14.20%)
Retail Shares Offered1,960,000 (33.14%)
Total Shares Offered5,913,600 (100%)

Ramdevbaba Solvent IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Ramdevbaba Solvent IPO Lot Size

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

Ramdevbaba Solvent IPO Promoter Holding

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

About Ramdevbaba Solvent Limited

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 Financial Information (Restated)

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets20,341.2419,062.6113,134.8610,125.05
Revenue46,569.8170,433.4158,525.4642,717.32
Profit After Tax828.901,300.15659.15617.06
Net Worth6,857.154,783.253,483.102,823.95
Reserves and Surplus5,235.974,324.523,024.372,365.22
Total Borrowing9,998.789,922.636,485.674,474.16
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Ramdevbaba Solvent IPO is Rs 188.07 Cr.

KPI as of December 31, 2023.

KPI Values
ROCE10.76%
Debt/Equity1.46
RoNW14.24%
P/BV1.83
PAT Margin (%)1.79
Pre IPO Post IPO
EPS (Rs) 8.025
P/E (x) 10.617.02
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (Ramdevbaba Solvent IPO Objectives)

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

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

Ramdevbaba Solvent IPO Review (Apply)

[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...


Ramdevbaba Solvent IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB65.95
NII314.46
Retail79.96
Total126.21

Total Application : 97,956 (79.96 times)

Ramdevbaba Solvent IPO Prospectus

Ramdevbaba Solvent IPO Rating

5
4.0
Rating:Rated 4.0 stars
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Ramdevbaba Solvent IPO Listing Details

Listing Date April 23, 2024
BSE Script Code
NSE Symbol RBS
ISIN INE0RJH01010
Final Issue Price ₹85 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹85.00
₹112.00
₹111.00
₹117.60
₹117.60

Check IPO Performance…

Ramdevbaba Solvent Limited Contact Details

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/

Ramdevbaba Solvent IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Ramdevbaba Solvent IPO - Buy or Not

Ramdevbaba Solvent IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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Ramdevbaba Solvent IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Ramdevbaba Solvent IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Ramdevbaba Solvent IPO listing date is on April 23, 2024.
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Ramdevbaba Solvent IPO Message Board

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313 Comments

122. Sanchit Jain |   Link |  Bookmark |May 9, 2024 11:04:09 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Today the circuit has expanded but still no traction in price? The volumes are high consistently, experts plz advice hold or sell..
121. sahab |   Link |  Bookmark |May 7, 2024 8:45:53 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
zero
120. Udayk |   Link |  Bookmark |May 2, 2024 8:18:35 PM (200+ Posts)
@Kapz Next week keri paki jay aevu lage chh?
120.1. Kapz |   Link |  Bookmark |May 2, 2024 8:41:39 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
@Udayk bro, not a gujju bhai, but understood what you said (courtesy: google translate 😂)
To answer, yes, appears to have formed a very good base with significant volumes every day. Looks absolutely ripe, rest no one can ever guarantee, but hoping so. Have added few lots at 117.
119. Santoshp |   Link |  Bookmark |April 25, 2024 10:42:32 PM
So in today bulk deal mansi has entered, preparing for LC tomm, Hoping they prove me wrong.
MANSI SHARE AND STOCK ADVISORS PVT LTD      BUY      1,76,000      117.30
119.27. IPO Yani Milega |   Link |  Bookmark |May 9, 2024 4:55:26 PM
@rohiitian @GrayIsTheNewBlack  Have studied extensively on this. Need to form an AIF (alternate investment fund) to qualify as QIB. within AIF also, cat 3 as cat 1 and 2 can't have more then 10% in public markets.

Minimum corpus is 20 Cr out of which 5 cr needs to come from KMP's and then there are a loooot of sebi regulations for running an AIF which makes it cost prohibitive unless it is a large size fund (say 100 cr.)

Application for forming an AIF is further 6 lakhs and consultants who will help submitting will charge around double of that extra.

I do have a few ideas. Maybe I can connect
119.28. rohiitian |   Link |  Bookmark |May 9, 2024 5:06:47 PM
IPO Mentor IPO Mentor (1000+ Posts, 600+ Likes)
@IPO Yani Milega Bhai, how did you even discover this message, hidden inside Ramdevbaba ka forum?

Waise, happy to know more. I use the same profile name on x, probably easiest way to get in touch given CG forum rules
118. Esparando |   Link |  Bookmark |April 25, 2024 7:15:26 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Exited today morning at LC.

Happy for better than expected gains!
117. Udayk |   Link |  Bookmark |April 25, 2024 5:52:05 PM (200+ Posts)
Ab kya kare Esme ????
116. Deeep |   Link |  Bookmark |April 25, 2024 1:53:00 PM
Sold the allotted lot today @119
115. Ravi Chaitanya |   Link |  Bookmark |April 25, 2024 9:32:39 AM
Hi Experts, Could you Please suggest whether to hold or sell this ?
114. Udayk |   Link |  Bookmark |April 23, 2024 6:32:16 PM (200+ Posts)
BULK      23-APR-2024      UPSURGE INVESTMENT AND FINANCE LTD      BUY      1,44,000      112.00      -
BULK      23-APR-2024      VIJIT GLOBAL SECURITIES PRIVATE LIMITED      BUY      2,40,000      117.60      -
Esase kuchh pata chalege
114.1. Santoshp |   Link |  Bookmark |April 23, 2024 9:23:37 PM
I think its good, no flippers entered. VIJIT GLOBAL SECURITIES PRIVATE LIMITED entering is very positive. Bought in preopen planning to hold
113. rohiitian |   Link |  Bookmark |April 23, 2024 10:15:31 AM
IPO Mentor IPO Mentor (1000+ Posts, 600+ Likes)
Quite unexpected - thought 10-15% gain at best. Against my better judgement, held to see post listing action, and its hit a strong UC.

Looks like the euphoria is coming back - need to be cautious, but can't sit out and miss the profits either
113.19. rohiitian |   Link |  Bookmark |April 26, 2024 10:32:43 AM
IPO Mentor IPO Mentor (1000+ Posts, 600+ Likes)
@GrayIsTheNewBlack I guess that theory worked in Faalcon. Have no idea why it listed 50% up when Aluwind which is a far superior biz, and cheaper is languishing around issue price. But anyway took my profit in Faalcon and ran. Hope it works in Shivam. Looks like BSE stocks have a tendency to list more randomly than NSE.

Idea I'm holding all. I exited Hexacom by day 2, and there was huge movement on day 3. Will wait till Mon / Tue on Idea. RBS have exited yesterday at days close
113.20. Esparando |   Link |  Bookmark |April 29, 2024 9:34:09 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
@rohiitian Whats up buddy...exited Ramedev ?
112. Tejas Pandya |   Link |  Bookmark |April 23, 2024 9:53:42 AM
IPO Guru IPO Guru (2800+ Posts, 2200+ Likes)
SOLD in pre open at 112..
Profit of rs 43200/-🔥🔥
More than expected from this counter..
112.4. Tejas Pandya |   Link |  Bookmark |April 23, 2024 11:34:45 AM
IPO Guru IPO Guru (2800+ Posts, 2200+ Likes)
Thanks..
112.5. Jay Vagheshwari Maa |   Link |  Bookmark |April 23, 2024 12:13:24 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Congratulations @Tejas Pandya .
111. IpoGPT |   Link |  Bookmark |April 23, 2024 11:40:50 AM
Holding 1 lot. any guidance for next 1 month. plz suggest.
110. Esparando |   Link |  Bookmark |April 23, 2024 11:11:45 AM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
Total 28 lakh shares allotted to retail (retail + HNI) and 21 lakh for anchor, qib & marker-maker.

Mostly those 21 with institutions may not have hit market on listing day.

So if we consider retail 28 lakh shares, about 21 already went for delivery ( I guess listing day is T2Tsegment in SME), so 7 lakh more available. and with about 10 lakh pending buy orders, it seems to have more legs unless this all delivery & buy order at UC is jumlaa.

Let's see. I took the risk and holding on to my lot.
109. abc xyz |   Link |  Bookmark |April 23, 2024 9:30:00 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
Today is HANUMANJI JAYANTI. Hanuman ji is the greatest Devotee of Shri Ram. So Ramdevbababa is not the exception and all blessing of Hanumanji is with Ramdevbababa. 😃😀😄😘🥲🥲

It's a good stock and have ability to give fantastic returns within short term.
109.1. Simply Vicky |   Link |  Bookmark |April 23, 2024 9:46:45 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
@abc xyz Your thoughts come true...may god bless all allottees...happy hanuman jayanti
109.2. abc xyz |   Link |  Bookmark |April 23, 2024 10:59:51 AM
IPO Guru IPO Guru (1100+ Posts, 1100+ Likes)
@Simply Vicky 
Thank you. Btw it's not my thinking but it's my strong conviction that Ramdevbaba will surely give unbelievable returns in the short / Medium term. The hidden factor ( x) is not noticed by most of the people. Just think that the gmp was just 7 before the listing and where it have been listed. Anyway congratulations to the all on the occasion of Shri Hanuman Jayanti .
108. Bhav |   Link |  Bookmark |April 23, 2024 10:38:05 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
added ramdev in preopen
108.1. Bhav |   Link |  Bookmark |April 24, 2024 1:51:43 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
strong UC for second day, allotment se Jayda pre open me mil jayga
108.2. Mk.yadav |   Link |  Bookmark |April 28, 2024 3:19:45 PM
How to buy in pre open market in zerodha
107. ARJUN'S EYE |   Link |  Bookmark |April 23, 2024 10:29:43 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Sold...
106. PLAZA |   Link |  Bookmark |April 23, 2024 10:19:33 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
SHOULD WE APPLY IN FALCON SME
105. IPO PLAYER |   Link |  Bookmark |April 23, 2024 10:13:36 AM
Good listing. Will hold for some time.
104. Deeep |   Link |  Bookmark |April 23, 2024 9:51:14 AM
Listing at 112.. sell at current price or hold for short to medium term?
103. Abhii VPG |   Link |  Bookmark |April 23, 2024 9:48:45 AM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
I was not allotted here, was thinking to add one lot till 100/- but
Listed better than expected, 112/-

Congratulations & all the best to allottees 👍🏻