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Ramdevbaba Solvent IPO

Ramdevbaba Solvent IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

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Ramdevbaba Solvent IPO

The initial public offering (IPO) of Ramdevbaba Solvent will open for subscription on April 15 and close on April 18, comprising fresh issues of Rs.50.27 Crore. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on April 23, 2024. 

#1. Quick Intro to Ramdevbaba Solvent    

Ramdevbaba Solvent Limited (2023) is engaged in the business of manufacturing, distribution, marketing and selling of physically refined rice bran oil to FMCG companies. 

The company has brands “Tulsi” and “Sehat” under which they deal for the above activities along with over 35 retail stores in Maharastra.

The company has two manufacturing facilities in Brahmapuri and Mahadula. 

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Ramdevbaba Solvent    

The company intends to use the IPO Funds for the following purposes:

  1. Repayment in full or part of certain outstanding borrowings
  2. Setting up of new manufacturing facility
  3. To meet the working capital requirement of the company
  4. General corporate purposes and issue expenses. 

#3. Ramdevbaba Solvent Core Strengths 

  1. The strategic location of manufacturing facilities
  2. Integrated operations 
  3. Focus on quality control
  4. Arrangement with FMCG Companies for the supply of Rice Bran Oil
  5. Experienced promoters and management team

#4. Ramdevbaba Solvent IPO Review & Rating

Issue Size  Rs.50.27  Crore
Issue Price  Rs.80-85 per share 
Minimum Lot Size 1600 Shares
Total Profit (Latest)  Rs.828.90 Lakhs
D/E 1.46
ROCE (%) 10.76%
Listing on NSE SME
IPO Deliver Rating Two

 

#5. Ramdevbaba Solvent IPO Dates, Price Band & Details

Ramdevbaba Solvent IPO will open on April 15, 2024, and close on April 18, 2024. The IPO is to be listed on April 23, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.50.27 Crore
Price Brand Rs.80-85 per share
Face Value Rs. 10/- per share
IPO Open Date April 15, 2024
IPO Close Date April 18, 2024
IPO Allotment Date April 19, 2024
Refund Date April 22, 2024
Share Credit Date April 22, 2024
Listing Date April 23, 2024

 

#6. Ramdevbaba Solvent IPO Offer Details

Ramdevbaba Solvent IPO’s total issue size is 59,13,600 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 59,13,600 50.27
Offer for Sale (OFS) – –

 

#7. Ramdevbaba Solvent Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period December 31, 2023, March 31, 2023 and March 31, 2022.

Category (Rs.) Dec 31, 2024 March 31, 2023 March 31, 2022
Total Revenue 46,569.81 70,433.41 58,525.46
Net Worth 6,857.15 4,783.25 3,483.10
Profit 828.90 1,300.15 659.15
Total Borrowings 9,998.78 9,922.63 6,485.67

 

#8. Ramdevbaba Solvent Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period December 31, 2023, March 31, 2023 and March 31, 2022. 

Category Dec 31, 2024 March 31, 2023 March 31, 2022
EPS (Rs.) 5.60 9.45 4.79
RoNW (%) 14.24 31.46 20.90
NAV (Rs.) – 34.76 –

 

#9. Ramdevbaba Solvent Comparison with Other Peer Companies (Top 2)

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(Rs. in Lakhs)

 RoNW (%) NAV (Rs.)
BCL Industries  1,81,832.84 15.19 19.90
Gokul Refoils & Solvent 3,13,656.80 7.64 33.15

 

#10. Ramdevbaba Solvent Company Promoters 

The company has nine promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). (Top 2)

Sr. No. Name of Promoter
01. Prashant Kishanlal Bhaiya
02. Nilesh Suresh Mohata

 

#11. Ramdevbaba Solvent Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  81.01
Post-issue –

 

#12. Ramdevbaba Solvent  IPO Reservation Details

Ramdevbaba Solvent IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB Shares Offered 50% of the Net Issue
Retail Shares Offered 35% of the Net Issue
NII (HNI) Shares Offered 15% of the Net Issue 

 

#13. Ramdevbaba Solvent IPO – Lot Size

An investor can apply for a minimum of 1,600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 1,600 1,36,000
Retail (Max.) 1 1,600 1,36,000
HNI (Min.) 2 3,200 2,72,000

 

#14. Ramdevbaba Solvent IPO – Prospectus Copy

An investor can download/view the Ramdevbaba Solvent prospectus copy, which the company filed to exchange, details are as follows. 

Ramdevbaba Solvent IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Ramdevbaba Solvent IPO Registrar 

Bigshare Services Private Limited 

Phone No. +022-62638200

E-Mail: ipo@bigshareonline.co.in

Website: www.bigshareonline.co.in

#16. Ramdevbaba Solvent IPO Lead Managers

Choice Capital Capital Advisor Private Limited 

Phone No. +91-226707 9999

E-Mail: rbsl.ipo@choiceindia.com

Website: www.choiceindia.com

#17. Ramdevbaba Solvent IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Ramdevbaba Solvent  IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Ramdevbaba Solvent Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Ramdevbaba Solvent Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Ramdevbaba Solvent Company Details

Ramdevbaba Solvent Limited 

Registered Office: Bhahiya Building, Anaj Bazar, Itwari, Nagpur-440 002

Email:cs@rbsl.co.in

Website: www.rbsl.co.in

Investor Grievances/Compliance Officer: P V Wate

#19. Ramdevbaba Solvent Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. –
02. –

 

#20. Ramdevbaba Solvent Company Board (Top 2)

Sr. No. Name of Directors
01. Prashant Kishanlal Bhaiya
02. Nilesh Suresh Mohata

 

Ramdevbaba Solvent IPO – Frequently Asked Questions (FAQs)

#1. What is a Ramdevbaba Solvent IPO?

Ramdevbaba Solvent brings its IPO of Rs. 50.27  crore, on April 15, 2024, with a price band of Rs.80-85 per share.

 

#2. What is the Ramdevbaba Solvent IPO Open date?

Ramdevbaba Solvent IPO’s opening date is April 15, 2024.

 

#3. What is the Ramdevbaba Solvent IPO Close Date?

Ramdevbaba Solvent IPO’s closing date is April 18, 2024.

 

#4. What is the Ramdevbaba Solvent IPO Listing date?

Ramdevbaba Solvent’s IPO listing date is April 23, 2024.

 

#5. What is the Ramdevbaba Solvent IPO Minimum investment amount?

Ramdevbaba Solvent IPO’s minimum investment amount is Rs. 1,36,000.

 

#6. What is the Ramdevbaba Solvent IPO offer issue Size?

Ramdevbaba Solvent offers an issue size of Rs.50.27  crore.

 

#7. What is the Ramdevbaba Solvent IPO Price Band?

Ramdevbaba Solvent’s IPO price band is Rs.80-85 per share.

 

#8. Is Ramdevbaba Solvent  IPO mainboard IPO or SME IPO?

Ramdevbaba Solvent IPO is an SME IPO.

 

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