Bookbuilding IPO | ₹50 Cr | Listed at NSE SME | Mon, Apr 15, 2024 - Thu, Apr 18, 2024
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,36,000 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Apr 15, 2024
IPO Close
Thu, Apr 18, 2024
Issue Price
₹85 per share
Market Cap (Pre-IPO)
₹188.07 Cr
| IPO Date | 15 to 18 Apr, 2024 |
| Listed on | Tue, Apr 23, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 |
| Issue Price | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 59,13,600 shares (agg. up to ₹50 Cr) |
| Reserved for Market Maker | 3,13,600 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 56,00,000 shares (agg. up to ₹48 Cr) |
| Net Offered to Public | 56,00,000 shares (agg. up to ₹48 Cr) |
| Share Holding Pre Issue | 1,62,11,750 shares |
| Share Holding Post Issue | 2,21,25,350 shares |
| NSE Symbol | RBS |
| ISIN | INE0RJH01010 |
Ramdevbaba Solvent IPO comprises a total issue size of 59,13,600 shares. The net offer to the public is 56,00,000 shares, after excluding 3,13,600 shares allotted on a firm basis. Of the Net offer 28,00,000 (50.00%) are allocated to QIB, 8,40,000 (15.00%) allocated to NII 19,60,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 28,00,000 | 50.00% | 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 | 15.00% | 14.20% |
| Retail Shares Offered | 19,60,000 | 35.00% | 33.14% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,13,600 | 5.30% | |
| Total Shares Offered | 59,13,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
Ramdevbaba Solvent IPO raises ₹14.28 crore from anchor investors. Ramdevbaba Solvent IPO Anchor bid date is April 12, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Apr 12, 2024 |
| Shares Offered | 16,80,000 |
| Anchor Portion (₹ Cr.) | 14.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, May 19, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jul 18, 2024 |
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,
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 203.41 | 190.63 | 131.35 | 101.25 |
| Total Income | 465.70 | 704.33 | 585.25 | 427.17 |
| Profit After Tax | 8.29 | 13.00 | 6.59 | 6.17 |
| NET Worth | 68.57 | 47.83 | 34.83 | 28.24 |
| Reserves and Surplus | 52.36 | 43.25 | 30.24 | 23.65 |
| Total Borrowing | 99.99 | 99.23 | 64.86 | 44.74 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of new manufacturing facility | 18.81 |
| 2 | Repayment in full or in part, of certain of our outstanding borrowings | 8.42 |
| 3 | Funding the working capital requirements of our Company; and | 12.00 |
| 4 | General corporate purposes | 5.38 |
| KPI | Dec 31, 2023 |
|---|---|
| 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 (₹) | 8.02 | 5.00 |
| P/E (x) | 10.6 | 17.02 |
| Promoter Holding | 81.01% | |
| Market Cap | ₹188.07 Cr. |
The Ramdevbaba Solvent IPO is subscribed 126.21 times on April 18, 2024 7:29:56 PM (Day 3). 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)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 65.95 | 11,20,000 | 7,38,62,400 |
| NII* | 314.46 | 8,40,000 | 26,41,50,400 |
| Retail | 79.96 | 19,60,000 | 15,67,29,600 |
| Total | 126.21 | 39,20,000 | 49,47,42,400 |
Total Applications: 97,956
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to BRLM (including underwriting commissions and selling commission) | 4.78 |
| 2 | Advertising and marketing expenses | 0.35 |
| 3 | Fees payable to the Legal Advisors to the Issue | 0.08 |
| 4 | Fees to the Registrar to the Issue | 0.05 |
| 5 | Fees payable to the Regulators including stock exchanges | 0.05 |
| 6 | Printing and distribution of Issue stationary | 0.02 |
| 7 | Brokerage, selling commission and uploading/processing fees | 0.06 |
| 8 | Others (bankers to the Issue, depositories, secretarial, market making, auditor’s fees etc.) | 0.26 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹112.00 |
| Low | ₹111.00 |
| High | ₹117.60 |
| Last Trade | ₹117.60 |
Lead Manager Reports
Ramdevbaba Solvent IPO is a SME IPO of 59,13,600 equity shares of the face value of ₹10 aggregating up to ₹50 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Apr 15, 2024, and closes on Thu, Apr 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 Mon, Apr 15, 2024 and closes on Thu, Apr 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 Mon, Apr 22, 2024. Check the Ramdevbaba Solvent IPO allotment status.
The Ramdevbaba Solvent IPO listing date is on Tue, Apr 23, 2024.
