Ramdevbaba Solvent Limited has announced its IPO to raise ₹50.27 crores. Investors looking to invest in the business of Rice Bran Oil manufacturers RamdevBaba Solvent Limited can read the article below to learn about the IPO details of the company.
Ramdevbaba Solvent Limited IPO
The manufacturer and seller of the Physically Refined Rice Bran Oil business is all set to go public on 15 April 2024. The IPO issued will clause for subscription on 18 April 2024.
The allotment of Ramdevbaba Solvent Limited IPO shares will commence on 19 April 2024. The initiation of refunds for the subscribed shares that you do not get allotted to you will begin on 22 April 2024.
The company plans to list the IPO on the NSE SME on 23 April 2024. Interested candidates can mark the IPO dates of the Ramdevbaba Solvent Limited IPO:
| Date | Ramdevbaba Solvent Limited IPO Events |
| 15 April 2024 | IPO Opens |
| 18 April 2024 | IPO closes |
| 19 April 2024 | Allotment of IPO |
| 22 April 2024 | Refund Initiation |
| 23 April 2024 | Listing Date |
| 18 April 2024 | UPI Mandate Confirmation |
Ramdevbaba Solvent Limited IPO Details
The company has gone for its first public issue of Equity shares of 59,13,600 shares with a face value of ₹10 per equity share.
The book-built issue of Ramdevbaba Solvent Limited IPO is planned to raise ₹50.27 crores.
The Ramdevbaba Solvent IPO price band is set at ₹80 and ₹85 per equity share. The minimum lot market size of the Ramdevbaba Solvent IPO application is 1600 shares.
The company aims to use the funding of the upcoming IPO to set up a new manufacturing unit, fund the working capital requirement of the company, repayment of company borrowings, and general corporate purposes.
The registrar of the Ramdevbaba Solvent Limited IPO issue decided after the IPO pitch is Bigshare Services Private Limited and the book-running lead manager is Choice Capital Advisors Private Limited. The market makers of the Ramdevbaba Solvent IPO, Choice Equity Broking, hold 4.7% (281,600 shares) of the IPO issue.
The promoters of the company hold 16,211,750 shares of pre-issue and 22,125,350 shares after the IPO issue.
| Company | Ramdevbaba Solvent Limited |
| IPO Type | Book-built Issue |
| IPO issue Size | 5,913,600 shares (matches up to ₹50.27 Crore) |
| Face Value | ₹10 per equity share |
| Price Band | ₹80 and ₹85 per equity share |
| Lot Size | 1600 |
| Fresh Issue | 5,913,600 shares (matches up to ₹50.27 Crore) |
| Listing at | NSE SME |
| Market Maker Shares | 4.7% (281,600 shares) |
Ramdevbaba Solvent Limited Reservation and Lot Size
Ramdevbaba Solvent Limited IPO shares are reserved for the following investor category in the following manner:
| Investor Category | Shares Offered |
| QIB (Qualified Institutional Buyers) | Not more than 50% |
| Retail | Not less than 35% |
| Non-Institutional Investors | Not less than 15% |
The minimum lot market size of the Ramdevbaba Solvent Limited IPO is set at 1600 shares that multiply thereof with slots. The minimum investment required by the retail investor is ₹136,000. Here’s the distribution of lot size, shares, and amount among the investor category:
| Investor Category | Lots | Shares | Amount |
| Retail (min.) | 1 | 1600 | ₹136,000 |
| Retail (max.) | 1 | 1600 | ₹136,000 |
| HNI (min.) | 2 | 3200 | ₹272,000 |
Ramdevbaba Solvent Limited Financial Statement
Ramdevbaba Solvent Limited has shared its company financial report for FY 2022-23, and the revenue of the company has hiked by 20.35%. The company is doing good in the market of Rice Bran Oil industry trends.
According to FY23 and FY24, the issue of the company is fully priced. Here’s the financial performance of the company for the last fiscals:
| Financial indicators | 31 Dec 2023 | 31 Mar 2023 |
| Revenue from Operations | 46,359.01 | 69,775.26 |
| Share Capital | 1621.18 | 458.73 |
| PAT | 828.90 | 1300.15 |
| Net worth | 6857.15 | 4783.25 |
| New asset Value per equity share | 46.33 | 34.76 |
| Total Borrowing | 9998.78 | 9922.63 |
The company has average performance in the niche industry and now, they are entering into ethanol blending, and the company can do good in the future.
The IPO GMP of the Ramdevbaba Solvent IPO will soon be updated, so you must keep your eye on the current market trends to make the right decision.
Investors looking to invest in Ramdevbaba Solvent Limited must do their own research on the company for a well-informed decision on the investment. The investors can make medium to long-term profits from the upcoming IPO issue based on their decision.
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