Ramdevbaba Solvent is scheduled to hit the market on April 15, 2024 and close on April 18, 2024. Ramdevbaba Solvent plans to raise around ₹50.27 Cr through an IPO with a sale of up to 5,913,600 equity shares of ₹10 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Ramdevbaba Solvent Limited, established in 2008, specializes in making and supplying physically refined rice bran oil. They produce this oil and sell it to companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. Additionally, they have their own brands called “Tulsi” and “Sehat” which are distributed through 38 distributors in Maharashtra.
Apart from rice bran oil, the company also creates de-oiled rice bran (DORB) as a by-product and sells it as feed for livestock, poultry, and fish in various states like Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. Furthermore, they sell other by-products like fatty acid, lecithin, gum, spent soil, and wax in the market. Ramdevbaba Solvent operates two production facilities located in Mahadula and Bramhapuri near Nagpur in Maharashtra.
Ramdevbaba Solvent IPO Details
Ramdevbaba Solvent IPO opens on April 15, 2024, and closes on April 18, 2024. The Listing date for Ramdevbaba Solvent IPO is on April 23, 2024. The price band for IPO is ₹80 to ₹85 per share and lot size of 1600 Shares.
| IPO Date | April 15, 2024 to April 18, 2024 |
| Listing Date | April 23, 2024 |
| Price | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹50.27 Cr |
| Face Value | ₹10 per share |
Ramdevbaba Solvent IPO Tentative Timetable
Ramdevbaba Solvent opening date is April 15, 2024 and close date is April 18, 2024. The IPO allotment date is April 19, 2024. The refund initiation of IPO is on April 22, 2024. The credit of shares in demat account is on April 22, 2024. The listing date is on April 23, 2024.
| Event | Date |
|---|---|
| IPO Opening | April 15, 2024 |
| IPO Closing | April 18, 2024 |
| IPO Allotment Date | April 19, 2024 |
| Refund Initiation | April 22, 2024 |
| Shares Credit to Demat | April 22, 2024 |
| Lisiting Date | April 23, 2024 |
Ramdevbaba Solvent IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹136,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹136,000 |
| Retail(Maximum) | 1 | 1600 | ₹136,000 |
| HNI (Minimum) | 2 | 3200 | ₹272,000 |
Ramdevbaba Solvent IPO Promoter Holding
| Pre Issue Share Holding | 81.01% |
| Post Issue Share Holding |
Ramdevbaba Solvent IPO Review
Ramdevbaba Solvent Ltd. is making waves in the market with its upcoming IPO launch. The company, known for its expertise in rice bran oil and related products, is now expanding into ethanol blending through a subsidiary, promising a new era of growth and profitability. With plans to enhance production capacities and introduce a de-oiling facility, investors are eyeing this opportunity for potential long-term gains in the dynamic edible oil industry.
Investors considering this IPO should take note of the company's solid financial performance over the past few years. Ramdevbaba Solvent Ltd. has showcased consistent revenue growth and profitability, indicating a stable foundation for future success. Despite the fully priced nature of the issue based on FY23/FY24 earnings, well-informed investors looking for sustainable returns in the medium to long term might find this IPO worth considering, especially with the company's strategic expansion plans and entry into the lucrative ethanol blending sector.
In conclusion, Ramdevbaba Solvent Ltd.'s IPO presents a compelling proposition for investors seeking exposure to the thriving edible oil market in India. With a focus on innovation, capacity expansion, and diversification into ethanol blending, the company is poised for exciting opportunities ahead. While the issue may seem fully priced based on current earnings, patient investors with a long-term perspective could potentially reap significant rewards as the company continues to solidify its position in the industry.
Ramdevbaba Solvent IPO Subscription Status (Bidding Details)
Table not foundRamdevbaba Solvent IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Ramdevbaba Solvent IPO FAQs
What is Ramdevbaba Solvent IPO?
Ramdevbaba Solvent is issuing 5,913,600 equity shares with a face value of ₹10 each, totaling up to ₹50.27 Cr. The shares are being offered at a price of ₹80 to ₹85 each, with a minimum order quantity of 1600 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Ramdevbaba Solvent IPO will open?
Ramdevbaba Solvent will open on April 15, 2024 for QIB, NII, and Retail Investors.
When Ramdevbaba Solvent IPO will end?
Ramdevbaba Solvent will end on April 18, 2024.
What is Ramdevbaba Solvent IPO Size?
Ramdevbaba Solvent IPO size is ₹50.27 Cr.
What is Ramdevbaba Solvent IPO Price Band?
Ramdevbaba Solvent price band is ₹80 to ₹85 per share.
What is the Ramdevbaba Solvent IPO Allotment Date?
Ramdevbaba Solvent allotment date is April 19, 2024.
What is the Ramdevbaba Solvent IPO Listing Date?
Ramdevbaba Solvent listing date is April 23, 2024. The IPO is to be listed on BSE and NSE.
How to Ramdevbaba Solvent IPO through Zerodha?
To apply for the IPO “Ramdevbaba Solvent” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Ramdevbaba Solvent IPO through Upstox?
To apply for the IPO “Ramdevbaba Solvent” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Ramdevbaba Solvent IPO Allotment Status?
For Ramdevbaba Solvent IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Ramdevbaba Solvent IPO GMP?
You can check out here: Ramdevbaba Solvent IPO GMP