Ramdevbaba Solvent IPO: a book-built issue worth Rs 50.27 crores, comprising a fresh issue of 59.14 lakh shares. Subscription opens on April 15, 2024, closing on April 18, 2024. The allotment is expected by April 19, 2024, with tentative listing on NSE SME by April 23, 2024. Priced between Rs. 80 to Rs. 85 per share, the minimum lot size is 1600 shares, requiring a retail investment of Rs. 136,000. For HNIs, 2 lots (3,200 shares) amount to Rs. 272,000. Choice Capital Advisors Pvt Ltd is the lead manager, with Bigshare Services Pvt Ltd as the registrar, and Choice Equity Broking as the market maker.
Established in 2008, Ramdevbaba Solvent Limited specializes in the production and distribution of physically refined rice bran oil. Catering to FMCG giants like Mother Dairy, Marico, and Empire Spices, the company also markets its own brands, "Tulsi" and "Sehat," through 38 distributors across Maharashtra. Additionally, it manufactures de-oiled rice bran (DORB) as livestock, poultry, and fish feed, and sells by-products like fatty acid and lecithin on the open market. With production facilities in Mahadula and Bramhapuri, Maharashtra, Ramdevbaba Solvent serves markets across multiple states in India.
Ramdevbaba Solvent Limited is gearing up for its IPO scheduled to be available for subscription from April 15th to April 18th, 2024. Allocation of shares is set for April 19th, 2024, with the IPO slated for listing on the stock exchanges on April 23rd, 2024.
IPO Open Date: The subscription period for Ramdevbaba Solvent IPO begins on April 15, 2024, allowing investors to apply for shares.
IPO Close Date: Investors must submit their IPO applications by April 18, 2024, as the subscription period closes on this date.
Basis of Allotment: On April 19, 2024, the basis of allotment for Ramdevbaba Solvent IPO will be determined, detailing the allocation of shares to investors.
Initiation of Refunds: Refunds for unsuccessful IPO applicants will commence on April 22, 2024. Applicants who did not receive an allotment will receive their refunds.
Credit of Shares to Demat: Shares allotted to successful IPO applicants will be credited to their Demat accounts on April 22, 2024.
Listing Date: The shares of Ramdevbaba Solvent IPO are expected to be listed on the stock exchange for trading on April 23, 2024.
Cut-off Time for UPI Mandate Confirmation: Investors must confirm their UPI mandates before 5 PM on April 18, 2024, to participate in the IPO subscription process.
| IPO Date | 15th to 18th April 2024 |
| Listing Date | 23rd April 2024 |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 80 - 85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,913,600 shares (aggregating up to Rs. 50.27 Cr) |
| Fresh Issue | 5,913,600 shares (aggregating up to Rs. 50.27 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,211,750 |
| Share holding post issue | 22,125,350 |
| Market Maker portion | 281,600 shares |
Ramdevbaba Solvent Limited witnessed a significant growth in revenue, rising by 20.35%, and a notable increase in profit after tax (PAT), soaring by 97.25%, between the financial years ending March 31, 2022, and March 31, 2023.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 20,341.24 | 19,062.61 | 13,134.86 | 10,125.05 |
| Revenue | 46,569.81 | 70,433.41 | 58,525.46 | 42,717.32 |
| Profit After Tax | 828.90 | 1,300.15 | 659.15 | 617.06 |
| Net Worth | 6,857.15 | 4,783.25 | 3,483.10 | 2,823.95 |
| Reserves and Surplus | 5,235.97 | 4,324.52 | 3,024.37 | 2,365.22 |
| Total Borrowing | 9,998.78 | 9,922.63 | 6,485.67 | 4,474.16 |
| Amount in Rs. Lakhs | ||||
What is Ramdevbaba Solvent IPO?
Ramdevbaba Solvent IPO is the initial public offering launched by Ramdevbaba Solvent Limited, a company specializing in the production and distribution of physically refined rice bran oil.
When Ramdevbaba Solvent IPO will open for apply?
Ramdevbaba Solvent IPO will open for subscription on April 15, 2024.
What are the minimum lot size and investment needed for participating in the Ramdevbaba Solvent IPO?
The minimum lot size for an application in Ramdevbaba Solvent IPO is 1600 shares, with a minimum investment of Rs. 136,000 for retail investors.
When is Ramdevbaba Solvent IPO allotment date?
The allotment for Ramdevbaba Solvent IPO is expected to be finalized on April 19, 2024.
What is the Ramdevbaba Solvent IPO listing date?
Ramdevbaba Solvent IPO is scheduled to be listed on the NSE SME platform on April 23, 2024.
What is the price band of Ramdevbaba Solvent IPO?
The price band for Ramdevbaba Solvent IPO is set between Rs. 80 to Rs. 85 per share.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their own research and consult with financial professionals before making any investment decisions. The accuracy and completeness of the information cannot be guaranteed, and any reliance on the information provided is at the reader's own risk.
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