What you must know about Ramdevbaba Solvent IPO?
by 5paisa Research Team
15 Apr 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 23-Apr-24
- IPO Price Range ₹ 80 to ₹ 85
- Listing Price ₹ 112
- Listing Change 31.8%
- Last Traded Price ₹ 131.35
- Current Change 54.5%
RBS IPO Details
- Open Date 15-Apr-24
- Close Date 18-Apr-24
- Lot Size 1600
- IPO Size ₹ 50.27 Cr
- IPO Price Range ₹ 80 to ₹ 85
- Min Investment ₹ 1,28,000
- Listing Exchange NSE SME
- Basis of Allotment 19-Apr-24
- Refunds 22-Apr-24
- Credit to Demat Account 22-Apr-24
- Listing Date 23-Apr-24
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 |
RBS IPO Synopsis
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 |
About Ramdevbaba Solvent
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
Ramdevbaba Solvent Financial Status
Profit and Loss
Balance Sheet
| 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 |
RBS IPO Key Points
-
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.
RBS
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
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
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RBS IPO FAQs
When does the Ramdevbaba Solvent IPO opens and closes?
Ramdevbaba Solvent IPO opens from 15th April to 18th April 2024.
What is the size of the Ramdevbaba Solvent IPO?
The size of Ramdevbaba Solvent IPO is ₹50.27 cr.
How to apply for the Ramdevbaba Solvent IPO?
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.
What is the price band of Ramdevbaba Solvent IPO?
The price band of Ramdevbaba Solvent IPO is fixed at ₹80 to ₹85 per share.
What is the minimum lot size and investment required for the Ramdevbaba Solvent IPO?
The minimum lot size of Ramdevbaba Solvent IPO is 1600 shares and the investment required is ₹1,28,000.
What is the allotment date of the Ramdevbaba Solvent IPO?
The share allotment date of Ramdevbaba Solvent IPO is 19th April 2024.
What is the Ramdevbaba Solvent IPO listing date?
The Ramdevbaba Solvent IPO will be listed on 23rd April 2024.
Who are the book runners for the Ramdevbaba Solvent IPO?
Choice Capital Advisors Private Limited is the book-running lead manager for Ramdevbaba Solvent IPO.
What is the objective of 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 Details of Ramdevbaba Solvent IPO
Contact Information
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
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