Ramdevbaba Solvent IPO GMP, Details, Date, Price, Allotment 2024

Ramdevbaba Solvent IPO  is coming up with its Initial public offering. The IPO will be open for subscription on april 15, 2024

 

 

Ramdevbaba Solvent IPO – Details

 

IPO Opening Date 15 April 2024
IPO Closing Date 18 April 2024
Issue Type Book Built Issue IPO
Issue Size 59,13,600 Shares Worth ₹50.27 Crore
Face Value ₹10 per equity share
IPO Price ₹80 – ₹85
Market Lot 1600 Shares
Min Order 1600 Shares (1 Lot)
Listing At NSE SME
Register Bigshare Services Pvt Ltd
QIB Shares Offered 50%
NII (HNI) Shares Offered 15%
Retail Shares Offered 35%

 

Ramdevbaba Solvent IPO – Date Schedule

 

IPO Open Date 15 April 2024
IPO Close Date 18 April 2024
Basis of Allotment 19 April 2024
Initiation of Refund 22 April 2024
Credit of Shares to Demat Account 22 April 2024
IPO Listing Date 23 April 2024

 

Ramdevbaba Solvent IPO – About Company 

 

Ramdevbaba Solvent Limited specializes in the production and distribution of physically refined rice bran oil.

The company focuses on manufacturing, marketing, and selling rice bran oil to FMCG giants like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. Additionally, it promotes its own brands, “Tulsi” and “Sehat”, through a network of 38 distributors. These distributors further supply to retailers across Maharashtra.

In addition to rice bran oil, the company produces de-oiled rice bran (DORB) as a by-product of its oil extraction process. This DORB is marketed as feed for livestock, poultry, and fish across various states including Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. The company also sells other by-products like fatty acid, lecithin, gum, spent soil, and wax in the open market.

With production units located in Mahadula and Bramhapuri near Nagpur, both in Maharashtra, Ramdevbaba Solvent efficiently meets the demands of its diverse product range.

 

Ramdevbaba Solvent Financial Performance

 

  FY 2022 FY 2023 9M FY 2024
Revenue 582.88 697.75 463.59
Expenses 576.06 687.25 454.36
Net income 6.59 13.00 8.29

Figures in INR Crores

 

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

Key Competitive Advantages

 

  • Proximity of the manufacturing units near Nagpur, Maharashtra, strategically positions the company to efficiently distribute Rice Bran Oil within Maharashtra and extend the reach of DORB across multiple states in India.
  • Abundant availability of rice bran, the primary raw material, ensures uninterrupted operations at the company’s manufacturing facilities, supporting consistent production and sales of its products.
  • Integrated operations encompassing oil extraction from bran and subsequent refining of the oil enable the company to meet demands efficiently in terms of time, cost, quality, and quantity.
  • Established partnerships with various FMCG companies ensure a steady supply of rice bran oil.
  • The company prioritizes rigorous quality control measures, enhancing the reliability and excellence of its products.
  • The company’s promoters possess extensive expertise in the agro, food, and refining sectors. This expertise is further strengthened by a professional management team that shares the promoters’ vision and values, driving the company’s growth.

 

Object 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; and
  • General corporate purposes.

 

Ramdevbaba Solvent IPO GMP 

 

Date GMP Kostak Subject to Sauda
12 April 2024 20 22,000
11 April 2024 20 22,000

 

Ramdevbaba Solvent IPO – Allotment Status

 

Ramdevbaba Solvent IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

 

Ramdevbaba Solvent IPO – Lots Size & Price

 

Application Lots Shares Amount ( Cut-Off)
Retail (Minimum) 1 1600 ₹1,36,000
Retail (Maximum) 1 1600 ₹1,36,000
HNI (Minimum) 2 3200 ₹2,72,000

 

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