Ramdevbaba Solvent Ltd
Price Range
₹80 - ₹85
Min. Quantity
1,600
Closes on
18 April 2024
Min. investment
₹1,36,000/1,600 Shares
Ramdevbaba Solvent Ltd IPO Timeline
The Company was originally incorporated as 'Ramdevbaba Solvent Private Limited as a private limited company under Companies Act, 1956, pursuant to a certificate of incorporation dated November 25, 2008 issued by the Registrar of Companies, Maharashtra at Mumbai. Thereafter, the Company was converted into a public limited company pursuant to a resolution passed by the companies shareholders at an extra-ordinary general meeting held on December 12, 2023 and a fresh certificate of incorporation dated December 27, 2023 was issued by the Registrar of Companies, Maharashtra at Mumbai consequent upon conversion, recording the change in the name of the Company from Ramdevbaba Solvent Private Limited to 'Ramdevbaba Solvent Limited'.
| Event | Date |
|---|---|
| Ramdevbaba Solvent Ltd IPO Opening Date | 15 April 2024 |
| Ramdevbaba Solvent Ltd IPO Closing Date | 18 April 2024 |
| Basis of Allotment | 19 April 2024 |
| Initiation of Refunds | 22 April 2024 |
| Credit of Shares to Demat | 22 April 2024 |
| Ramdevbaba Solvent Ltd IPO Listing Date | 23 April 2024 |
Ramdevbaba Solvent Ltd IPO Details
| Ramdevbaba Solvent Ltd IPO Date | 15 April 2024 to 18 April 2024 |
| Ramdevbaba Solvent Ltd IPO Face Value | ₹10 per share |
| Ramdevbaba Solvent Ltd IPO Price | ₹80 to ₹85 per share |
| Ramdevbaba Solvent Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹50.27 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹50.27 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, Tushar Ramesh Mohata |
Ramdevbaba Solvent Ltd IPO Lot Size
The Ramdevbaba Solvent Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,36,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,36,000 |
| Maximum | 1 | 1,600 | ₹1,36,000 |
- Strengths
- Risks
- Opportunities
- 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.
- 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.
- 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.
- The Company has arrangements with other FMCG companies for supply of rice bran oil.
- The Company has over the years focused immensely on stringent quality control for its products.
- 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.
Company Financials
Ramdevbaba Solvent Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 229.15 | 692.99 | 13.03 |
| 03-2023 | 190.63 | 706.4 | 14.69 |
| 03-2022 | 129.1 | 584.7 | 6.66 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Setting up of new manufacturing facility
- Repayment in full or in part of its outstanding borrowings
- Funding the working capital requirements of the company
- General corporate purposes
Ramdevbaba Solvent Ltd IPO Promoter Holding
| Pre Issue Share Holding | 12.74% |
| Post Issue Share Holding | 9.34% |
Ramdevbaba Solvent Ltd IPO Subscription Status (Bidding Detail)
The Ramdevbaba Solvent Ltd IPO is subscribed 83.7148 times on 18 April 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 83.7148 |
Ramdevbaba Solvent Ltd IPO Prospectus
Ramdevbaba Solvent Ltd IPO Listing Date
| Listing Date | 23 April 2024 |
| BSE Script | 46235 |
| NSE Symbol | RBS |
| Listing In | NSE - SME |
| ISIN | INE0RJH01010 |
| IPO Price | ₹85 |
| Face Value | ₹10 |
Company Contact Information
Bhaiya Building Anaj BazarItwati,Nagpur-440002
Phone: 0712 7968 189
Email: cs@rbsl.co.in
Website: www.ramdevbabasol.com
Ramdevbaba Solvent Ltd IPO Registrar
Ramdevbaba Solvent Ltd IPO Lead Manager(s)
- Choice Capital Advisors Pvt Ltd
FAQ
What is the issue size of Ramdevbaba Solvent Ltd IPO?
I have pre-applied for Ramdevbaba Solvent Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.