Ramdevbaba Solvent is in the business of manufacturing, distribution, marketing, and selling of Physically Refined Rice Bran Oil (Rice Bran Oil). They manufacture and sell Rice Bran Oil to FMCG companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. They also manufacture, market, and sell Rice Bran Oil under their brands Tulsi and Sehat through thirty-eight (38) distributors who in turn sell to various retailers across Maharashtra. Rice bran oil is the oil extracted from the hard outer brown layer of rice called bran. It is well known for its high smoke point of 232 °C i.e. 450 °F and mild flavor, making it fit for high-temperature cooking methods such as stir-frying and deep-frying. It has an ideal balance of Polyunsaturated Fats (PUFA) and Monounsaturated Fats (MUFA), in almost a 1:1 ratio. Since rice bran oil is made from bran, it is rich in Vitamin E, an antioxidant.
They also produce De-oiled Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil, and sell the same 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. Other by-products such as fatty acid, lecithin, gums, spent earth, and wax are sold in the open market.
Objects of the 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
- General corporate purposes
Ramdevbaba Solvent IPO Review
- May Apply
Ramdevbaba Solvent IPO Date & Price Band Details
| IPO Open: | April 15, 2024 |
| IPO Close: | April 18, 2024 |
| IPO Size: | Approx ₹50.27 Crores, 5,913,600 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹80 to ₹85 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35% of the net offer |
| QIB Quota: | 50% of the net offer |
| NII Quota: | 15% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Ramdevbaba Solvent IPO Market Lot
The Ramdevbaba Solvent IPO minimum market lot is 1600 shares with a ₹136,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹136,000 |
| Retail Maximum | 1 | 1600 | ₹136,000 |
| S-HNI Minimum | 2 | 3200 | ₹272,000 |
Ramdevbaba Solvent IPO Dates
The Ramdevbaba Solvent IPO date is April 15 and the IPO close date is April 18. The IPO allotment date is April 19 and the IPO might list on April 23.
| IPO Open Date: | April 15, 2024 |
| IPO Close Date: | April 18, 2024 |
| Basis of Allotment: | April 19, 2024 |
| Refunds: | April 22, 2024 |
| Credit to Demat Account: | April 22, 2024 |
| IPO Listing Date: | April 23, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Ramdevbaba Solvent IPO Form
How to apply Ramdevbaba Solvent IPO? You can apply Ramdevbaba Solvent IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Ramdevbaba Solvent IPO in the Invest section. The other option you can apply Ramdevbaba Solvent IPO via IPO forms download via the NSE website. Check out the Ramdevbaba Solvent forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Ramdevbaba Solvent Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹427.17 | ₹418.58 | ₹6.17 |
| 2022 | ₹585.25 | ₹576.06 | ₹6.59 |
| 2023 | ₹704.33 | ₹687.25 | ₹13.00 |
| Dec 2023 | ₹465.70 | ₹454.36 | ₹8.29 |
Ramdevbaba Solvent IPO Valuation – FY2023
Check Ramdevbaba Solvent IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹9.45 per Equity Share |
| Price/Earning P/E Ratio: | 8.47 |
| Return on Net Worth (RoNW): | 31.46% |
| Net Asset Value (NAV): | ₹34.76 per Equity Share |
Peer Group
- BCL Industries Limited
- Gokul Refoils and Solvent Limited
- Gujarat Ambuja Exports Limited
- Kriti Nutrients Limited
- Shri Venkatesh Refineries Limited
Company Promoters
- Prashant Kisanlal Bhaiya
- Nilesh Suresh Mohata
- Tushar Ramesh Mohata
Ramdevbaba Solvent IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Ramdevbaba Solvent IPO Allotment Status
Check Ramdevbaba Solvent IPO allotment status on Bigshare website URL. Click Here
Ramdevbaba Solvent IPO Lead Managers aka Merchant Bankers
- Choice Capital Advisors Pvt Ltd
Company Address
Ramdevbaba Solvent Limited
Bhaiya Building,
Anaj Bazar, Itwari,
Nagpur – 440 002
Phone: +91 0712-7968 189
Email: [email protected]
Website: http://www.ramdevbabasol.com/
