Ramdevbaba Solvent Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | April 15, 2024 to April 18, 2024 |
| Listing Date | April 23, 2024 |
| Face Value | ₹ 10 per share |
| Price | ₹ 80 to ₹ 85 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 59,13,600 shares (aggregating up to ₹ 50.27 Cr) |
| Fresh Issue | 59,13,600 shares (aggregating up to ₹ 50.27 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,62,11,750 |
| Share holding post issue | 2,21,25,350 |
| Market Maker portion | 3,13,600 shares Choice Equity Broking |
About Ramdevbaba Solvent Limited IPO
Ramdevbaba Solvent Ltd. (RSL) is a manufacturing company of Physically Refined Rice Bran Oil ("Rice Bran Oil"). It manufactured and sells Rice Bran Oil to FMCG companies like 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 across Maharashtra. Ramdevbaba Solvent IPO is a book built issue of Rs 50.27 crores. The issue is entirely a fresh issue of 59.14 lakh shares.Ramdevbaba Solvent IPO price band is set at ₹80 to ₹85 per share. The minimum lot size for an application is 1600 Shares.Choice Capital Advisors Pvt Ltd is the book running lead manager of the Ramdevbaba Solvent IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Ramdevbaba Solvent IPO is Choice Equity Broking.
Objectives of Ramdevbaba Solvent Limited IPO
Objectives of the issue are as follows:-
- 1. Setting up of new manufacturing facility.
- 2. Repayment in full or in part, of certain outstanding borrowing.
- 3. Funding the working capital requirements of the company.
- 4. General corporate purposes.
Ramdevbaba Solvent Limited IPO review
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.
Ramdevbaba Solvent Limited IPO Financial Information
Latest Revenue
46,569.81
₹ Crore
Profit After Tax
828.90
₹ Crore
Net Worth
6,857.15
₹ Crore
Total Borrowing
9,998.78
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 20,341.24 | 46,569.81 | 828.90 | 6,857.15 | 9,998.78 | ||||
| 31 Mar 2023 | 19,062.61 | 70,433.41 | 1,300.15 | 4,783.25 | 9,922.63 | ||||
| 31 Mar 2022 | 13,134.86 | 58,525.46 | 659.15 | 3,483.10 | 6,485.67 | ||||
| 31 Mar 2021 | 10,125.05 | 42,717.32 | 617.06 | 2,823.95 | 4,474.16 | ||||
| Amount in ₹ Crore | |||||||||
Ramdevbaba Solvent Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 10.76% |
| Debt/Equity | 1.46 |
| RoNW | 14.24% |
| P/BV | 1.83 |
| PAT Margin (%) | 1.79 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.02 | 5 |
| P/E (x) | 10.6 | 17.02 |
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Competitive Strengths
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Ramdevbaba Solvent Limited IPO Timeline
| IPO Open Date | Monday, April 15, 2024 |
| IPO Close Date | Thursday, April 18, 2024 |
| Basis of Allotment | Friday, April 19, 2024 |
| Initiation of Refunds | Monday, April 22, 2024 |
| Credit of Shares to Demat | Monday, April 22, 2024 |
| Listing Date | Tuesday, April 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 18, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| HNI (Min) | 2 | 3,200 | ₹272,000 |