Table of Contents
Overview: Ramdevbaba Solvent IPO
| Aspect | Description |
|---|---|
| IPO | Ramdevbaba Solvent Limited IPO (Ramdevbaba Solvent IPO) |
| Established | 25.11.2008 |
| Business | Producer and Distributor of Refined Rice Bran Oil |
| Product | Rice Bran Oil Brands “Tulsi” and “Sehat” |
| Valuable Clients | Manufacturing and distributing to well-known brands i.e. Mother Dairy, Marico, Empire Spices, Cargill etc. |
| Target Market | Distribution of Edible Rice bran oil in Open Market |
| Business Area | Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu |
| Headquarters | Honey Kaushalya Tower, Telephone Exchange Chowk, Nagpur |
| Mission | to establish a quality benchmark congregating to today’s edible oil industry standards. |
The objective of the Issue of an IPO.
Ramdevbaba Solvent Pvt. Ltd. Companies main motto to raise funds is to set up of new manufacturing unit. also need funds to meet working capital requirements, and to repayment of certain outstanding borrowings.
- Setting up of New Manufacturing Unit.
- Working capital requirement
- Repayment of borrowings
- to fulfil general purposes.
Ramdevbaba Solvent IPO Important Dates
| IPO Open Date | 15th of April, 2024 (Monday) |
| IPO Close Date | 18th of April, 2024 (Thursday) |
| Basis of Allotment | 19th of April, 2024 (Friday) |
| Initiation of Refunds | 22th of April, 2024 (Monday) |
| Credit of Shares to Demat | 22nd of April, 2024 (Monday) |
| Listing Date | 23th of April, 2024 (Tuesday) |
Ramdevbaba Solvent IPO Price Band Details
- The face value of each share is ₹10.
- Investors can bid ₹80 – ₹85 (Book Built Issue IPO).
- The minimum number of shares you can apply for is one lot of 1600 shares.
- The minimum amount required for investment is ₹1,36,000 per lot.
- The total number of shares offered is 5,913,600 shares, amounting to ₹50.27 crore.
- The shares will be listed on the NSE, SME Exchange.
| Face Value | ₹10 |
| Price | ₹80-₹85 per share |
| Issue Type | Book Built Issue IPO |
| Lot Size | 1600 Shares |
| Minimum Investment | ₹1,36,000 |
| Listing At | NSE and SME |
IPO Investment Calculator
| Number of Lots | IPO Issue Price (₹) | Lot Size | Total Capital Required (₹) |
|---|---|---|---|
| ₹85 | 1600 |
Ramdevbaba Solvent IPO Financial Details
| Date | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Dec-2023 | 20341 | 46569 | 829 | 6857 | 5235 | 9998 |
| 31-Mar-2023 | 19062 | 70433 | 1300 | 4783 | 4324 | 9922 |
| 31-Mar-2022 | 13134 | 58525 | 659 | 3483 | 3024 | 6485 |
| 31-Mar-2021 | 10125 | 42717 | 617 | 2823 | 2365 | 4474 |
- Assets: Assets have shown a steady increase over the past four financial years, indicating potential growth.
- Revenue: Revenue shows a significant increase in March 2023 compared to the previous year, followed by a decrease in December 2023. This could be due to seasonal variations or project-based sales.
- Profit After Tax: Profitability has fluctuated, with the highest profit in March 2023.
- Net Worth: Net worth has increased steadily over the past four quarters, indicating potential financial stability.
- Total Borrowing: Borrowings also seem to be increasing with time. Borrowing has doubled as compared to four years ago i.e. in 2021
Ramdevbaba Solvent IPO GMP and Estimated Listing Price
| Date | IPO Price (₹) | GMP Price (₹) | Estimated Listing Price (₹) | Expected Gain (%) |
|---|---|---|---|---|
| 11.04.2024 | ₹85 | ₹20 | ₹105 | 23.53% |
| 10.04.2024 | ₹85 | ₹20 | ₹105 | 23.53% |
| 09.04.2024 | ₹85 | ₹5 | ₹90 | 5.88% |
As per the grey market, in the current market, Ramdevbaba Solvent Ltd’s lowest GMP (grey market price) was ₹5 on the 9th of April, 2024, while its highest GMP is ₹20, Companies listing IPO fixed price issue at ₹85. For the Latest update on GMP check this page
For more information check the company website: Ramdevbaba Solvent IPO
DISCLAIMER: None of the financial information published herein should be construed as an offer to buy or sell securities or as advice in any way. All information published herein is for educational and informational purposes only and should not be relied upon as a basis for investment decisions under any circumstances. Any reader who makes decisions based on the information published herein does so solely at his or her own risk. Investors should be aware that any investment in equity markets is subject to unpredictable market-related risks.
FAQs
What is the issue size of the Ramdevbaba Solvent IPO?
The issue size is ₹50.27 Crore.
What is the Ramdevbaba Solvent IPO price per share and the Lot size of the IPO?
The issue price is set at ₹80-85 per equity share and The minimum lot size is 1600 shares.
What are the Ramdevbaba Solvent IPO dates?
The bidding period for the IPO is from April 15, 2024, to April 18, 2024. Listing on 23nd April, 2024
