Ramdevbaba Solvent Limited
Book Built Issue IPO · NSE
- Price band
- ₹80 - ₹85
- Lot size
- 1,600 shares
- Issue amount
- ₹50.27 cr
- Total subscription
- 126.29×
- Opens
- 15 Apr 2024
- Closes
- 18 Apr 2024
- Allotment
- 19 Apr 2024
- Listing
- 23 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 59,13,600 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,28,000
- Fresh issue
- ₹50.27 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,36,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 1,62,11,750
- Shares after issue
- 2,21,25,350
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹3,13,600 |
| HNI | 2 | 3,200 | ₹2,72,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 9.52 | 627.83 |
| RETAIL | 16.66 | 1,332.2 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-22 | Mar-22 |
|---|---|---|---|
| EPS | 5.6 | 4.79 | 4.79 |
| ROE | 0 | 0 | 0 |
| ROCE | 10.76 | 14.07 | 14.07 |
| RONW | 14.24 | 20.9 | 20.9 |
| PRE IPO(PE) | 1.83 | 0 | 0 |
| POST IPO(PE) | 10.6 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Ramdevbaba Solvent Limited, started in 2008, makes and supplies physically refined rice bran oil. They sell their rice bran oil to big FMCG companies like Mother Dairy, Marico, and Empire Spices and Foods. The company also sells its oil under its own brands, Tulsi and Sehat, which are available at various retail stores through a network of 38 distributors across Maharashtra. Along with rice bran oil, they also produce de-oiled rice bran (DORB)—a by-product used as feed for livestock, poultry, and fish. This is sold in several states like Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. They also sell other by-products like fatty acids, lecithin, gum, spent soil, and wax in the open market. The company has two production units—one in Mahadula and another in Bramhapuri near Nagpur, Maharashtra.
Strengths
- Strategic Location Advantage: and the company’s facilities near Nagpur provide easy access to major markets, reducing transport costs, enabling faster deliveries, and strengthening regional competitiveness.
- Easy Access to Raw Materials: and abundant availability of rice bran ensures a steady, uninterrupted supply for production, helping maintain full factory capacity, control costs, and support profitability.
- Smooth, Integrated Operations: and complete in-house processing—from extraction to refining—allows faster, cost-efficient production with consistent quality, giving the company flexibility and a strong competitive edge.
Risk factors
- Heavy Dependence on Rice Bran Oil: and reliance on a single major product means any drop in demand or production issues can directly impact revenue, profitability, and overall business stability.
- Fluctuating Commodity Prices: and constant changes in rice bran oil and related commodity prices can affect profit margins, cost management, and inventory planning due to market, global, or regulatory factors.
- Weather-Related Challenges: and adverse climatic conditions like floods or droughts can reduce rice supply and quality, leading to higher production costs, delays, and pressure on profitability.
Promoters
Prashant Kisanlal Bhaiya
Nilesh Suresh Mohata
Tushar Ramesh Mohata
Registrar & documents
Lead manager
Choice Capital Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Bhaiya Building, Anaj Bazar, Itwari, Nagpur -440 002
+91 0712-7968 189
[email protected]Company website ↗Understanding RBS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.