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Ramdevbaba Solvent IPO is a book build issue of ₹50.27 crores. The issue is entirely a fresh issue of 0.59 crore shares of ₹50.27 crore.
Ramdevbaba Solvent IPO bidding started from Apr 15, 2024 and ended on Apr 18, 2024. The allotment for Ramdevbaba Solvent IPO was finalized on Apr 19, 2024. The shares got listed on NSE SME on Apr 23, 2024.
Ramdevbaba Solvent IPO price band is set at ₹85.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,28,000 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,72,000.
Choice Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Choice Equity Broking Pvt.Ltd..
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 |
| Issue Price Band | ₹80 to ₹85 per share |
| Issue Price Final | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 59,13,600 shares (aggregating up to ₹50.27 Cr) |
| Reserved for Market Maker | 3,13,600 shares Choice Equity Broking Pvt.Ltd. (aggregating up to ₹2.67 Cr) |
| Net Offered to Public | 56,00,000 shares (aggregating up to ₹47.60 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,62,11,750 shares |
| Share Holding Post Issue | 2,21,25,350 shares |
Ramdevbaba Solvent IPO offers total 59,13,600 shares. Out of which 28,00,000 (47.35%) allocated to QIB, 11,20,000 (18.94%) allocated to QIB, 8,40,000 (14.20%) allocated to NII, 19,60,000 (33.14%) allocated to RII and 16,80,000 (28.41%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,13,600 (5.30%) |
| QIB Shares Offered | 28,00,000 (47.35%) |
| − Anchor Investor Shares Offered | 16,80,000 (28.41%) |
| − QIB (Ex. Anchor) Shares Offered | 11,20,000 (18.94%) |
| NII (HNI) Shares Offered | 8,40,000 (14.20%) |
| Retail Shares Offered | 19,60,000 (33.14%) |
| Total Shares Offered | 59,13,600 (100.00%) |
Ramdevbaba Solvent IPO raises ₹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 | 16,80,000 |
| 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 | Mon, Apr 15, 2024 |
| IPO Close Date | Thu, Apr 18, 2024 |
| Tentative Allotment | Fri, Apr 19, 2024 |
| Initiation of Refunds | Mon, Apr 22, 2024 |
| Credit of Shares to Demat | Mon, Apr 22, 2024 |
| Tentative Listing Date | Tue, Apr 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Apr 18, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,36,000 |
| Retail (Max) | 1 | 1,600 | ₹1,36,000 |
| HNI (Min) | 2 | 3,200 | ₹2,72,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - 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 |
| Total Income | 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 ₹188.07 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROCE | 10.76% |
| Debt/Equity | 1.46 |
| RoNW | 14.24% |
| PAT Margin | 1.79% |
| Price to Book Value | 1.83 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 8.02 | 5.00 |
| 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...
| Listing Date | April 23, 2024 |
| BSE Script Code | |
| NSE Symbol | RBS |
| ISIN | INE0RJH01010 |
| Final Issue Price | ₹85 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹112.00 |
| Low | ₹111.00 |
| High | ₹117.60 |
| Last Trade | ₹117.60 |
Ramdevbaba Solvent Ltd.
Bhaiya Building,
Anaj Bazar, Itwari,
Itwari,
Nagpur, Maharashtra, 440002
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
Ramdevbaba Solvent IPO is a SME IPO of 59,13,600 equity shares of the face value of ₹10 aggregating up to ₹50.27 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
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, and the minimum amount required for application is ₹1,36,000.
You can apply in Ramdevbaba Solvent IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Tuesday, April 23, 2024.
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