05-Apr-2024
2 mins read
Ramdevbaba Solvent IPO is open for subscription starting Monday, April 15, 2024, and closing on Thursday, April 18, 2024. The price band of this upcoming IPO is decided at Rs 80 to 85 per share. The minimum lot size of this application for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,36,000 (85 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,72,000 (85 x 3200 shares). Ramdevbaba Solvent IPO is a book-built issue of Rs 50.27 crores. This upcoming IPO issue is completely a fresh issue of 59.14 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Friday, April 19, 2024. Ramdevbaba Solvent IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, April 23, 2024. The book-running lead manager of Ramdevbaba Solvent IPO is Choice Capital Advisors Private Limited. The registrar for this IPO is Bigshare Services Private Limited.
About Ramdevbaba Solvent Limited Company
Ramdevbaba Solvent Limited founded in 2008, engaged in manufacturing, distribution, marketing and sale of rice bran to FMCG companies. Company is rooted in the agro based business since 1950, it has evolved from the humble beginnings in pulses and food grains trading to becoming a leader in paddy processing. Presently, the company manufactures markets and sells rice bran oil under its own brands name “Tulsi” and “Sehat” through 38 distributors who in turn sells to various retailers in Maharashtra. The company’s clients include Mother Dairy, Marico, Godrej, Cargill. Ramdevbaba Solvent also manufactures de-oiled rice bran, which is a by-product of rice bran oil extraction and sells it as a livestock, poultry and fish fish feed in the states of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu.
Objectives of the Ramdevbaba Solvent IPO Issue
The net funds received from this new IPO will be used for setting up a new manufacturing facility. The remaining funds will be used for the repayment and prepayment of certain outstanding borrowings. Moreover, the proceeds will also be used for funding the working capital requirements of the company. Other than this, general corporate purposes will also be fulfilled.
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Financials of Ramdevbaba Solvent Limited (Amt in Rs Lakhs)
Ramdevbaba Solvent posted a revenue of Rs 46,569.81 lakhs and net profit of Rs 828.90 lakhs for the period ending on 31 December 2023. The revenue increased by 20.35 % and PAT increased by 97.25% between the FY ending with 31st March 2023 and 31st March 2022.
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 828.9 | 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 |
Other Important Details of Ramdevbaba Solvent IPO
| IPO Date | April 15, 2024 to April 18, 2024 |
| Listing Date | 23-Apr-24 |
| Face Value | Rs 10 per share |
| Price Band | Rs 80 to Rs 85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,913,600 shares amounting to Rs 50.27 crore |
| Fresh Issue | 5,913,600 shares amounting to Rs 50.27 crore |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 16,211,750 |
| Shareholding post issue | 22,125,350 |
| Market Maker portion | 281,600 shares |
Time-Table of Ramdevbaba Solvent IPO
| 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 | 5 PM on April 18, 2024 |
Lot Size of Ramdevbaba Solvent IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 1600 | Rs 136,000 |
| Retail - maximum | 1 | 1600 | Rs 136,000 |
| HNI - minimum | 2 | 3,200 | Rs 272,000 |
IPO Reservation of Ramdevbaba Solvent Limited
| Investor Category | Shares Offered |
| QIB Shares | Not more than 50 percent of the Issue |
| Retail Shares | Not less than 35 percent of the Issue |
| NII (HNI) Shares | Not less than 15 percent of the Issue |
Key Performance Indicator of Ramdevbaba Solvent Limited IPO
| KPI | Values |
| ROCE | 10.76% |
| Debt/Equity | 1.46 |
| RoNW | 14.24% |
| P/BV | 1.83 |
| PAT Margin | 1.79 |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 8.02 | 5 |
| P/E (x) | 10.6 | 17.02 |
Promoters of Ramdevbaba Solvent Limited and Their Holdings
The promoters of Ramdevbaba Solvent company are Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, and Tushar Ramesh Mohata.
| Shareholding Pre Issue | 81.01 percent |
| Shareholding Post Issue | - |
Lead Manager(s) of Ramdevbaba Solvent IPO
The lead manager for Ramdevbaba Solvent IPO is Choice Capital Advisors Private Limited.
How do you apply for the Ramdevbaba Solvent IPO?
Wait for the public issue to open for subscription, then click here to apply for the Ramdevbaba Solvent Limited IPO with Bigul.
How do you check the allotment status of Ramdevbaba Solvent IPO?
The registrar for Ramdevbaba Solvent IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
1. What is the Ramdevbaba Solvent IPO?
Ramdevbaba Solvent IPO is a book-built issue of Rs 50.27 crores. This upcoming IPO issue is completely a fresh issue of 59.14 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Friday, April 19, 2024.
2. Who are the lead managers for the Ramdevbaba Solvent Limited IPO?
Choice Capital Advisors Private Limited is appointed as the lead manager for the IPO.
3. What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for Ramdevbaba Solvent Limited, handling the IPO's administrative aspects.
4. How can I apply for the Ramdevbaba Solvent IPO?
The public subscription of this new IPO will open on April 15, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The net funds received from this new IPO will be used for setting up a new manufacturing facility. The remaining funds will be used for the repayment and prepayment of certain outstanding borrowings.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Ramdevbaba Solvent Limited IPO 2024 by visiting here.
7. What is the financial performance of Ramdevbaba Solvent Limited?
Ramdevbaba Solvent posted a revenue of Rs 46,569.81 lakhs and net profit of Rs 828.90 lakhs for the period ending on 31 December 2023. The revenue increased by 20.35 % and PAT increased by 97.25% between the FY ending with 31st March 2023 and 31st March 2022.
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