Ramdevbaba Solvent IPO
IPO Listing Details
- Listing Date
23 Apr 2024
- Listing Price
₹ 112.00
- Listing Change
31.76%
- Last Traded Price
₹ 127.60
IPO Details
- Open Date
15 Apr 2024
- Close Date
18 Apr 2024
- IPO Price Range
₹ 80 to ₹ 85
- IPO Size
₹ 50.27 Cr
- Listing Exchange
NSE SME
- Listing Date
23 Apr 2024
IPO Timeline
Ramdevbaba Solvent IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 15-Apr-24 | 0.00 | 8.17 | 5.72 | 4.64 |
| 16-Apr-24 | 0.02 | 14.66 | 13.64 | 10.01 |
| 18-Apr-24 | 65.95 | 314.46 | 79.96 | 126.21 |
Last Updated: 19 April 2024 6:32 PM by 5Paisa
Ramdevbaba Solvent Limited IPO is all set to open from 15th April to 18th April 2024. The company manufactures, distributes, markets, and sells Physically Refined Rice Bran Oil. The IPO includes a fresh issue of 5,913,600 shares worth ₹50.27 cr. The share allotment date is 19th April 2024, and the IPO will be listed on 23rd April 2024 on the stock exchanges. The price band is ₹80 to ₹85 and the lot size is 1600 shares.
Choice Capital Advisors Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Ramdevbaba Solvent IPO:
Ramdevbaba Solvent Limited plans to utilize the raised capital from the IPO to:
● To set up a new manufacturing unit.
● To repay the borrowings obtained by the company in full or partially.
● For working capital requirements.
● General Corporate Purposes.
Ramdevbaba Solvent IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 50.27 |
| Offer for sale | - |
| Fresh issue | 50.27 |
Ramdevbaba Solvent IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 1600 | ₹272,000 |
Ramdevbaba Solvent IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| Anchor Allocation | 1 | 16,80,000 | 16,80,000 | 14.28 |
| QIB | 65.95 | 11,20,000 | 7,38,62,400 | 627.83 |
| NII (HNI) | 314.46 | 8,40,000 | 26,41,50,400 | 2,245.28 |
| Retail | 79.96 | 19,60,000 | 15,67,29,600 | 1,332.20 |
| Total | 126.21 | 39,52,000 | 49,47,42,400 | 4,205.31 |
Ramdevbaba Solvent IPO Anchor Allocation
| Anchor Bid Date | 12 April, 2024 |
| Total no. of shares offered | 1,680,000 |
| Portion Size for Anchor Investors | 14.28Cr. |
| Lock in Period for 50% shares (30 days) | 19 May, 2024 |
| Lock in Period for rest of shares (90 days) | 18 July, 2024 |
Established in 2008, Ramdevbaba Solvent manufacturers, distributes, markets, and sells Physically Refined Rice Bran Oil. The company produces, markets, and sells its Rice Bran Oil under the brand names Tulsi and Sehat via its 38 distributors in Maharashtra.
The company also manufactures and sells its products to leading FMCG companies such as Mother Dairy Fruit & Vegetable Private Limited, Marico Limited and Empire Spices and Foods Ltd. It also sells the by-products of Rice Bran oil, including
● De-oiled Rice Bran (DORB): It is sold as cattle feed, poultry feed and fish feed in Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu.
● Other by-products: Fatty acid, lecithin, gums, spent earth and wax sold in the open market.
Ramdevbaba Solvent has two Manufacturing Units based in Mahadula and Bramhapuri near Nagpur, Maharashtra.
Peer Comparison
● BCL Industries Limited
● Gokul Refoils & Solvent Limited
● Gujarat Ambuja Exports Limited
● Kriti Nutrients Limited
● Shri Venkatesh Refineries Limited
For More Information:
Webstory on Ramdevbaba Solvent IPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 697.75 | 582.87 | 423.92 |
| EBITDA | 25.15 | 19.46 | 16.50 |
| PAT | 13.00 | 6.59 | 6.17 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 190.62 | 131.34 | 101.25 |
| Share Capital | 4.58 | 4.58 | 4.58 |
| Total Borrowings | 142.79 | 96.51 | 73.01 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 10.84 | 2.60 | 11.55 |
| Net cash from / (used in) investing activities | -39.26 | -18.20 | -13.28 |
| Net cash flow from / (used in) financing activities | 28.57 | 14.99 | 2.44 |
| Net increase (decrease) in cash and cash equivalents | 0.15 | -0.60 | 0.71 |
Strengths
1. The company’s manufacturing facilities are strategically located.
2. It has a high and easy accessibility and availability of Rice Bran near the manufacturing units.
3. Integrated operations and economies of scale are big plus.
4. The company has Arrangements with FMCG companies for the supply of Rice Bran Oil.
5. It focuses on Exceptional Quality.
6. Experienced team of Promoters senior management.
Risks
1. The business is dependent on the demand for products in Maharashtra, Andhra Pradesh and Uttar Pradesh.
2. It is also dependent on the sale of products to certain FMCG companies.
3. A significant portion of revenues comes from the sale of De-Oiled Rice Bran (DORB).
4. High working capital requirements.
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FAQs
Ramdevbaba Solvent IPO opens from 15th April to 18th April 2024.
The size of Ramdevbaba Solvent IPO is ₹50.27 cr.
To apply for Ramdevbaba Solvent IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Ramdevbaba Solvent IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The price band of Ramdevbaba Solvent IPO is fixed at ₹80 to ₹85 per share.
The minimum lot size of Ramdevbaba Solvent IPO is 1600 shares and the investment required is ₹1,28,000.
The share allotment date of Ramdevbaba Solvent IPO is 19th April 2024.
The Ramdevbaba Solvent IPO will be listed on 23rd April 2024.
Choice Capital Advisors Private Limited is the book-running lead manager for Ramdevbaba Solvent IPO.
Ramdevbaba Solvent plans to utilize the raised capital from the IPO to:
● To set up a new manufacturing unit.
● To repay the borrowings obtained by the company in full or partially.
● For working capital requirements.
● General Corporate Purposes.
Contact Information
Ramdevbaba Solvent
Ramdevbaba Solvent Limited
Bhaiya Building, Anaj Bazar, Itwari,
Nagpur - 440 002
Phone: +91 0712-7968 189
Email: cs@rbsl.co.in
Website: http://www.ramdevbabasol.com/
Ramdevbaba Solvent IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Ramdevbaba Solvent IPO Lead Manager
Choice Capital Advisors Pvt Ltd
