Ramdevbaba Solvent Ltd

Edible Oil

Offer Period :

15th to 4th Apr 2024

Ramdevbaba Solvent Ltd IPO Details

IPO Date 15th to 4th Apr 2024 Minimum Investment ₹136000 / 1 Lots
Listing Date 2024-04-23 Maximum Investment ₹136000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹50.27 Crores
Price ₹85 to ₹85 per share Fresh Issue ₹50.27 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 15th to 4th Apr 2024
Listing Date 2024-04-23
Face Value ₹10 per share
Price ₹85 to ₹85 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹136000 / 1 Lots
Maximum Investment ₹136000 / 1 Lots
Total Issue Size ₹50.27 Crores
Fresh Issue ₹50.27 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

15th Apr

IPO Starts

18th Apr

IPO Ends

19th Apr

Allotment Date

22nd Apr

Initiation of Refund

22nd Apr

Credit of Shares to Demat Account

23rd Apr

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 65.42 0
Public Group 34.58 100

Ramdevbaba Solvent Ltd IPO Reservation

QIB Shares Offered 1120000(18.94%)
NII (HNI) Shares Offered 840000(14.2%)
Retail Shares Offered 1960000(33.14%)
Anchor Investor Shares Offered 1680000(28.41%)
Total Shares Offered 5913600
Total Shares With Anchor Investor 5913600

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Ramdevbaba Solvent Ltd IPO Registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Our Website www.bigshareonline.com

Ramdevbaba Solvent Ltd IPO Lead Manager

1. Choice Capital Advisors Pvt Ltd

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Ramdevbaba Solvent Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Ramdevbaba Solvent Ltd

1. The Company's manufacturing facilities are situated near Nagpur, Maharashtra giving it the strategic advantage to supply and distribute Rice Bran Oil in Maharashtra and DORB across various states in India.

2. The ease of availability of rice bran in abundance, which is its main raw material, ensures the smooth operations of its Manufacturing Facilities, and production and sale of its finished products.

3. The Company has integrated operations involving the extraction of oil from bran and refining of the extracted oil enabling it to meet the time, cost efficiency, quality and quantity requirements.

4. The Company has arrangements with other FMCG companies for supply of rice bran oil.

5. The Company has over the years focused immensely on stringent quality control for its products.

6. Its Promoters have vast knowledge and experience in the agro, food and refining space. Its Promoters are complemented by a professional management team which shares the same vision and values as them to drive its growth.

Risks Involved

1. Its inability to comply with repayment and other covenants in the financing agreements or otherwise meet its debt servicing obligations could adversely affect the company's business, financial condition, cash flows and credit rating.

2. Its business is dependent the demand of the company products in Maharashtra, Andhra Pradesh and Uttar Pradesh.

3. The company is dependent upon certain suppliers for the supply of raw materials required for manufacturing its products and majority of them are from the states of Maharashtra, Madhya Pradesh, Chhattisgarh and Gujarat. In the event of shortage of raw materials with these suppliers or if the company is unable to procure raw materials from alternative sources and in timely manner, its may be unable to meet production schedules for the company products and may not be able to deliver its products to customers, which may adversely affect the company customer relations and reputation.

4. The company derives significant portion of its revenues from Rice Bran Oil and any reduction in demand or in the production of such products could have an adverse effect on its business, results of operations and financial condition.

5. Its business is dependent on the sale of the company products to certain FMCG companies with whom the Company has not entered into any long-term agreements purchasing its Rice Bran Oil. The loss of such customers, a significant reduction in purchases by such customers, or a lack of commercial success of their product of which the company is a major supplier could materially adversely affect its business, results of operations and financial condition.

6. The company derives significant portion of its revenues from the sale of De-Oiled Rice Bran (DORB) and any reduction in demand from its consumers could have an adverse effect on the company's business, results of operations and financial condition.

7. Its operations are dependent on the supply of large amounts of raw material such as rice bran. The company does not have long term agreements with suppliers for its raw materials and any increase in the cost of, or a shortfall in the availability of, such raw materials could have an adverse effect on its business and results of operations, and seasonable variations could also result in fluctuations in its results of operations.

8. Its products are in the nature of commodities, and their prices are subject to fluctuations that may affect its profitability.

9. In case the company fail to successfully establish its corn de-oiling plant its revenues and reputation could be severally affected which in turn could also affect its financial condition.

10. Its business operations require significant working capital. If the company experience insufficient cash flows to meet required payments on its working capital requirements, there may be an adverse effect on the results of its operations.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 190.63 131.35 101.25
Total Liabilities 190.63 131.35 101.25
Total Expenses 687.25 576.06 418.58
Total Revenue 
704.33 585.25 427.17
Profit After Tax 13 6.59 6.17
EBITDA 25.16 19.47 16.5
Adjusted EBITDA 0 0 0

Ramdevbaba Solvent Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-04-23 46235 RBS
INE0RJH01010
₹85 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹85 ₹85
Open ₹0 ₹112
Low ₹0 ₹111
High ₹0 ₹117.6
Low ₹0 ₹111

Frequently Asked Questions

What is Ramdevbaba Solvent Ltd IPO?

Answer Field

Ramdevbaba Solvent Ltd IPO is a SME IPO of 59,13,600 equity shares of a face value of ₹10 aggregating up to ₹50.27 Crores. The issue is priced at ₹85 to ₹85 per share. The minimum order quantity is 1600 Shares. 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.

When Ramdevbaba Solvent Ltd IPO will open?

Answer Field

The Ramdevbaba Solvent Ltd IPO opens on April 15, 2024 and closes on April 18, 2024.

What is the lot size of Ramdevbaba Solvent Ltd?

Answer Field

Ramdevbaba Solvent Ltd lot size is 1600 shares, and the minimum amount required is ₹1,36,000.

How to apply for Ramdevbaba Solvent Ltd IPO?

Answer Field

You can apply in Ramdevbaba Solvent Ltd IPO online using either UPI or ASBA as 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. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• 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.

• Approve the mandate request on your UPI and funds will be blocked.

When is Ramdevbaba Solvent Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Ramdevbaba Solvent Ltd IPO will be done on April 19, 2024, and the allotted shares will be credited to your demat account by April 22, 2024.

When is Ramdevbaba Solvent Ltd IPO listing date?

Answer Field

The Ramdevbaba Solvent Ltd listing date is April 23, 2024.

Who is the registrar of Ramdevbaba Solvent Ltd IPO?

Answer Field

The registrar of Ramdevbaba Solvent Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Choice Capital Advisors Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Ramdevbaba Solvent Ltd IPO?

Answer Field

The fresh issue size is ₹50.27 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Ramdevbaba Solvent Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,36,000 amount.

How can I approve the UPI mandate request for Ramdevbaba Solvent Ltd IPO?

Answer Field

To apply for Ramdevbaba Solvent Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Ramdevbaba Solvent Ltd?

Answer Field

The price of each Ramdevbaba Solvent Ltd share will be ranging in between ₹85 to ₹85 per share.

What is the cut-off time for the UPI mandate for Ramdevbaba Solvent Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, April 18, 2024.

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