Ramdevbaba Solvent IPO Details : Ramdevbaba Solvent IPO is Open on 15 April 2024 and Close on 18 April 2024. Ramdevbaba Solvent IPO to Raise Approx ₹5,913,600 shares (Approx ₹50.27 Cr) via IPO. The Fresh Issue of Approx ₹5,913,600 shares (Approx ₹50.27 Cr).
Ramdevbaba Solvent is in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil (Rice Bran Oil). We manufacture and sell Rice Bran Oil to FMCG companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited and Empire Spices and Foods Ltd. We also manufacture, market and sell Rice Bran Oil under our own brands ―Tulsi‖ and ―Sehat‖ through thirty-eight (38) distributors who in turn sell to various retailers across Maharashtra. Rice bran oil is the oil extracted from the hard outer brown layer of rice called ‗bran‘. It is well known for its high smoke point of 232 °C i.e. 450 °F and mild flavour, making it fit for high-temperature cooking methods such as stir-frying and deep-frying. It has an ideal balance of Polyunsaturated Fats (PUFA) and Monounsaturated Fats (MUFA), in almost a 1:1 ratio.
Since rice bran oil is made from bran, it is rich in Vitamin E, an antioxidant. We also produce De-oiled Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil and sell the same as cattle feed, poultry feed and fish feed in the States of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. Other by-products such as fatty acid, lecithin, gums, spent earth and waxare sold in the open market.
Manufacture of Rice Bran Oil mainly involves two processes: (i) solvent extraction of crude oil from rice bran, having capacity of 2,55,000 MTPA; and (ii) refining the extracted crude rice bran oil, having capacity of 48,000* MTPA as on the date of this Draft Red Herring Prospectus. We own and operate two (2) Manufacturing Facilities, one (1) in Mahadula and one (1) in Bramhapuri near Nagpur, in the State of Maharashtra, which are strategically located in Central India. Our Manufacturing Facilities have extraction and refining divisions which enables integrated production and processing of Rice Bran Oil.
Ramdevbaba Solvent IPO Date & Price Band Details
| IPO Open Date | 15 April 24 |
|---|---|
| IPO Close Date | 18 April 24 |
| IPO Size | 5,913,600 shares (Approx ₹₹50.27 Cr) |
| Fresh Issue | 5,913,600 shares (Approx ₹₹50.27 Cr) |
| Lot Size | 1600 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹80 to ₹85 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Ramdevbaba Solvent IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹136,000 |
| Retail Maximum | 1 | 1600 | ₹136,000 |
| S-HNI Minimum | 2 | 3200 | ₹272,000 |
Object of the Issue
- Setting up of new Manufacturing facility.
- Repayment in full or in part, of certain of our outstanding borrowings.
- Funding the working capital requirements of our Company.
- General corporate purposes.
Ramdevbaba Solvent IPO Allotment & Listing Date (Details)
| IPO Open Date | 15 April 2024 |
|---|---|
| IPO Close Date | 18 April 2024 |
| Basis of Allotment | 19 April 2024 |
| Refunds | 22 April 2024 |
| Credit to Demat Account | 22 April 2024 |
| IPO Listing Date | 23 April 2024 |
Ramdevbaba Solvent Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| June 2023 | ₹168.39 | ₹163.58 | ₹3.57 |
| 2023 | ₹704.33 | ₹687.25 | ₹13.00 |
| 2022 | ₹585.25 | ₹576.06 | ₹6.59 |
| 2021 | ₹427.17 | ₹418.58 | ₹6.17 |
Qualitative Factors
- Our Manufacturing Facilities are situated near Nagpur, Maharashtra giving us 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 our main raw material, ensures the smooth operations of our Manufacturing Facilities, and production and sale of our finished products.
- We have integrated operations involving the extraction of oil from bran and refining of the extracted oil enabling us to meet the time, cost efficiency, quality and quantity requirements.
- We have arrangements with other FMCG companies for supply of rice bran oil.
- We have over the years focused immensely on stringent quality control for our products.
- Our Promoters have vast knowledge and experience in the agro, food and refining space. Our Promoters are complemented by a professional management team which shares the same vision and values as them to drive our growth.
Our Company Promoters-
- Prashant Kisanlal Bhaiya
- Nilesh Suresh Mohata
- Tushar Ramesh Mohata
Ramdevbaba Solvent IPO Peer Comparison
| Company Name | Face Value | EPS | P/E Ratio | Ro NW (%) | NAV Per | Revenue (₹ in Lakhs) |
|---|---|---|---|---|---|---|
| Ramdev Baba Solvent Limited | 10.00 | 9.45 | [.] | 31.46 | 34.76 | 69,775.26 |
| Listed Peers | ||||||
| BCL Industries Limited | 1.00 | 2.75 | 26.03 | 15.19 | 19.90 | 1,81,832.84 |
| Gokul Refoils and Solvent Limited | 2.00 | 2.44 | 18.11 | 7.64 | 33.15 | 3,13,656.80 |
| Gujarat Ambuja Exports Limited | 1.00 | 14.40 | 27.29 | 14.50 | 106.15 | 4,90,899.00 |
| Kriti Nutrients Limited | 1.00 | 4.15 | 21.53 | 11.70 | 26.42 | 78,687.14 |
| Shri Venkatesh Refineries Limited | 10.00 | 12.96 | 8.49 | 24.09 | 59.79 | 62,912.23 |
Ramdev Baba Solvent Comparison Listed Industry Peers Group
- BCL Industries Limited
- Gokul Refoils and Solvent Limited
- Gujarat Ambuja Exports Limited
- Kriti Nutrients Limited
- Shri Venkatesh Refineries Limited
Ramdev Baba Solvent Comapny Contact Details
Bhaiya Building,
Anaj Bazar, Itwari,
Nagpur 440 002,
Maharashtra, India.
Telephone: +91 0712-7968189
Website: www.ramdevbabasol.com
Ramdev Baba Solvent IPO Registar
Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai –400093.
Tel.:+91 22 6263 8200
Contact Person: Babu Rapheal C.
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
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