Ramdevbaba Solvent Limited IPO is set to launch on 15 April, 2024. The company initiated its business operation in the year 2008. It is involved in the manufacturing of refined rice bran oil. The company distributes its product to various companies in the FMCG Industry. Some of them are Mother Dairy Fruits and Vegetables Private Limited, Marico Limited and Empire Spices and Foods Limited. It also sells the product under its own brand name like Tulsi and Sehat. It has a network of 38 distributors in Maharashtra. Another product of the firm includes DORB and sells it to poultry farms in Gujarat, Maharashtra, Goa, Madhya PRadesh, Telangana, Andhra PRadesh, Kerala, Karnataka, Tamil nadu etc. It has two manufacturing facilities in Maharashtra.
Ramdevbaba Solvent Limited IPO DETAILS
Ramdevbaba Solvent Limited IPO is set to launch on 15 April, 2024. The subscription timeline extends till 18 April, 2024. The size for the IPO is 50.27 Crore Rs. Shares issued through fresh issue mode are worth Rs 50.27 Crore. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 80 Rs to 85 Rs per share. The company is going to get listed on NSE SME. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is BigShare Services Private Limited.
Tabular Description of Ramdevbaba Solvent Limited IPO
| IPO OPENING DATE | 15 April, 2024 |
| CLOSING DATE FOR IPO | 18 April, 2024 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 80 Rs to 85 Rs per share |
| LOT SIZE | 1600 shares |
| MINIMUM ORDER QUANTITY | 1600 shares |
| ISSUE SIZE | 50.27 Crore Rs. |
| OFFER FOR SALE | No shares are issued through offer for sale mode |
| FRESH ISSUE | 50.27 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 23 April, 2023 |
Ramdevbaba Solvent Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 15 April, 2024 |
| CLOSING DATE FOR IPO | 18 April, 2024 |
| IPO ALLOTMENT DATE | 19 April, 2024 |
| REFUNDS | 22 April, 2024 |
| DEMAT A/C CREDITED ON | 22 April, 2024 |
| IPO LISTING DATE | 23 April, 2024 |
Ramdevbaba Solvent Limited IPO begins for subscription from 15 April, 2024. The IPO subscription would continue till 18 April, 2024. The allotment status for the shareholders who applied would come on 19 April, 2024. The refunds for the ones who did not get allotment would be initiated on 22 April, 2024. The DEMAT accounts of shareholders would be credited on 22 April, 2024. The listing of the company would be completed on 23 April, 2024.
Ramdevbaba Solvent Limited IPO : Lead Managers
The lead managers are :
- Choice Capital Advisors Private Limited
The minimum lot size for the company is decided at 1600 shares. This holding accounts to 136000 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 272000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 1600 shares | 136000 Rs. |
| Maximum | 3200 shares | 272000 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2020-21 | 2021-22 | 2022-23 |
| Asset | 10125 | 13134 | 19062 |
| Revenue | 42717 | 58525 | 70433 |
| PAT | 617 | 659 | 1300 |
Ramdevbaba Solvent Limited had an asset base of 10125 Lakh Rs in 2021 which increased to 13134 Lakh Rs in 2022 and 19062 Lakh Rs in 2023. The revenue of the firm was 42717 lakh Rs in 2021, 58525 lakh Rs in 2022 and 70433 Lakh Rs in 2023. The profit of the firm was 617 Lakh Rs in 2021, 659 Lakh Rs in 2022 and 1300 Lakh Rs in 2023.
PROS
- The company distributes its product to various companies in the FMCG Industry. Some of them are Mother Dairy Fruits and Vegetables Private Limited, Marico Limited and Empire Spices and Foods Limited.
- It also sells the product under its own brand name like Tulsi and Sehat. It has a network of 38 distributors in Maharashtra.
- Another product of the firm includes DORB and sells it to poultry farms in Gujarat, Maharashtra, Goa, Madhya PRadesh, Telangana, Andhra PRadesh, Kerala, Karnataka, Tamil nadu etc.
- It has two manufacturing facilities in Maharashtra.
Ramdevbaba Solvent Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the Ramdeobaba Solvent Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
