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Ramdevbaba Solvent Limited

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.

₹80 - ₹85126.29x sub
Listed Price112.00
Listing Gain+31.76%
TimelineBook Built Issue IPO
Open15 Apr 2024
Close18 Apr 2024
Allotment19 Apr 2024
Listing23 Apr 2024

Quota Reservation Portions

RetailPortion: 19,60,000 shares
33.14%
Nii (hni)Portion: 8,40,000 shares
14.2%
AnchorPortion: 16,80,000 shares
28.41%
QIBPortion: 11,20,000 shares
18.94%
Market MakerPortion: 3,13,600 shares
5.3%

Minimum Application Bracket Matrix

Retail1 lots / 1,600 shares
₹3,13,600
HNI2 lots / 3,200 shares
₹2,72,000

About the Company

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.

Company Promoters

Prashant Kisanlal BhaiyaNilesh Suresh MohataTushar Ramesh Mohata