April 23, 2024
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Ramdevbaba Solvent IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Ramdevbaba Solvent IPO Post Listing Review:
On 23 April, the scrip is listed at Rs. 112, premium of 31.76% over the issue-price of Rs. 85. This listing has been very much above the expectations of the grey market.
What was the last GMP of Ramdevbaba Solvent IPO?*
Premium: Rs. 9 (down from Rs. 15)
Subject to Rs. 8500 (down from Rs.18200)
Subscription status of Ramdevbaba Solvent IPO
On 18 April 2024 4.00 pm (Day 3) (Closed)
Review: Subscription trend improved on Day3
QIB: 2816000 Shares 65.95 T
NII: 844800 Shares 314.46 T
RII: 1971200 Shares 79.96 T
Total: 5632000 Shares 126.21 T
What is the business of Ramdevbaba Solvent?
Ramdevbaba Solvent is in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil (-RiceBran Oil). It manufactures and sells Rice Bran Oil to FMCG companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited and Empire Spices and Foods Ltd. It also manufactures, markets and sells Rice Bran Oil under its 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.
It also produces 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 wax are sold in the open market.
It owns and operates 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. Its Manufacturing Facilities have extraction and refining divisions which enables integrated production and processing of Rice Bran Oil.
Get more information about the company @ http://www.ramdevbabasol.com/
| Ramdevbaba Solvent IPO Details | |
| IPO opens on | 15 April 2024 |
| IPO closes on | 18 April 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 5913600 Sh /Rs 50.27 Cr |
| * Fresh Issue | 5913600 Sh /Rs 50.27 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 281600 Sh. |
| Net offer to Public | 5632000 Sh./Rs.47.87 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 80-85 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Ramdevbaba Solvent IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | 2816000 | 23.94 |
| NII (15%) | 844800 | 7.18 |
| RII (35%) | 1971200 | 16.76 |
| Total Shares | 5632000 | 47.87 |
| Retail portion will be oversubscribed by | 1232 | |
| Forms | ||
| How much Shares to Apply in Ramdevbaba Solvent IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 136000 |
| Min HNI Application | 3200 Sh | Rs.272000 |
Who are the Promoters of Ramdevbaba Solvent IPO?
Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, and Tushar Ramesh Mohata are the promoters of the company.
What are the Objects of Ramdevbaba Solvent IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
Setting up of new manufacturing facility;
Repayment in full or in part, of certain outstanding borrowings;
Funding the working capital requirements of the company; and
General corporate purposes
| Ramdevbaba Solvent IPO Tentative timetable | |
| IPO opens on | 15 April 2024 |
| IPO Closes on | 18 April 2024 |
| IPO Allotment on | 19 April 2024 |
| Refund Initiation | 22 April 2024 |
| Credit of Shares | 22 April 2024 |
| Listing on | 23 April 2024 |
| Registered Office of the Company Ramdevbaba Solvent Limited Bhaiya Building, Anaj Bazar, Itwari, Nagpur – 440 002 |
| Who is the Lead Manager of Ramdevbaba Solvent IPO? Choice Capital Advisors Pvt Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Ramdevbaba Solvent IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 427.17 | 6.17 | 4.48 | 23.97 |
| 2021-22 | 585.25 | 6.59 | 4.79 | 20.90 |
| 2022-23 | 704.33 | 13.00 | 9.45 | 31.46 |
| Book Value of the Share on | 31.03.2023 | Rs 34.76 | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 85 | |||
| Ramdevbaba Solvent IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 8.99 |
| Price/BV Ratio | 2.44 |
| Upper price/BV after IPO | ? |
How Ramdevbaba Solvent IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Ramdevbaba Solvent | 10 | 698 ? | |
| BCL Industries | 1 | 1818 | 26.03 |
| Gokul Refoils | 2 | 3137 | 18.11 |
| Gujarat Ambuja Exports | 1 | 4909 | 27.29 |
| Kriti Industries | 1 | 787 | 21.53 |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Ramdevbaba Solvent IPO To the point Guidance
Ramdevbaba Solvent is in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil (-RiceBran Oil). It manufactures and sells Rice Bran Oil to FMCG companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited and Empire Spices and Foods Ltd. It also manufactures, markets and sells Rice Bran Oil under its own brands -Tulsi and Sehat
Size: The net size of the IPO is Rs.47.87 Cr comprising of 5632000 shares. With 1232 applications, retail portion will get one time subscribed. Considering deep in the sentiment of the SME Investors, Huge oversubscription may not be possible.
Financial Snapshot: Based on earnings of 2022-23, the shares are offered at PE ratio of 8.99. The company has shown good topline and bottomline. From fundamental angle, the application may be made.
Quicklinks
Ramdevbaba Solvent IPO GMP today details?
Ramdevbaba Solvent IPO
Ramdevbaba Solvent IPO FAQs
What is Ramdevbaba Solvent IPO?
Ramdevbaba Solvent is a SME IPO of 5913600 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.85 per share. The minimum order quantity is 1600 Shares.
When will Ramdevbaba Solvent IPO open?
Ramdevbaba Solvent IPO opens on April 15, 2024, and closes on April 18, 2024.
What is the lot size of Ramdevbaba Solvent IPO?
Ramdevbaba Solvent IPO lot size is 1600 Shares, and the minimum amount required is Rs.136000.
How to apply for Ramdevbaba Solvent IPO?
You can apply in Ramdevbaba Solvent IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Ramdevbaba Solvent IPO allotment?
The finalization of Basis of Allotment for Ramdevbaba Solvent IPO will be done on April 19, 2024, and the allotted shares will be credited to your demat account by April 22, 2024.
When is Ramdevbaba Solvent IPO listing date?
Ramdevbaba Solvent IPO listing date is April 23, 2024.
