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RBSSME / NSEListed
Ramdevbaba Solvent

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 Price₹112.00
Listing Gain+31.76%

IPO Schedule & Timeline

Book Built Issue IPO
Open15 Apr 2024
Close18 Apr 2024
Allotment19 Apr 2024
Listing23 Apr 2024

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail19,60,000 shares
33.14%
Nii (hni)8,40,000 shares
14.2%
Anchor16,80,000 shares
28.41%
QIB11,20,000 shares
18.94%
Market Maker3,13,600 shares
5.3%

Minimum Application Lots

Retail1 Lot (1,600 shares)
₹3,13,600
HNI2 Lots (3,200 shares)
₹2,72,000

Company Promoters

Prashant Kisanlal BhaiyaNilesh Suresh MohataTushar Ramesh Mohata

Company Background

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 ac...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Dec-23)₹46569.81 Cr
Growth+9.0%
Revenue Trend (₹ in Crores)
0.027.0k54.0k81.0kMar-21Mar-22Mar-23Dec-23
PeriodRev (Cr)PAT (Cr)AssetsDebt
Dec-2346,569.81828.9020,341.249,998.78
Mar-2370,433.411,300.1519,062.619,922.63
Mar-2258,525.46659.1513,134.866,485.67
Mar-2142,717.32617.0610,125.054,474.16

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Dec-235.60%10.76%1.8310.6
Mar-224.790%14.07%00
Mar-224.790%14.07%00

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Bigshare Services Private Limited

Allotment Finalized
Allotment Date
19 Apr 2024
Official Status
Out / Finalized
Registrar
Bigshare Services Private Limited
Listing Date
23 Apr 2024

Official Allotment Verification Links

Official Registrar Portal
Bigshare Services Private Limited

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Allotment Schedule & Milestones

IST
1. Allotment Finalization19 Apr 2024Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date23 Apr 2024Trading commences on exchange

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Prospectus & Official Filings

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About Ramdevbaba Solvent IPO

Complete issue overview for Ramdevbaba Solvent (RBS) IPO. The issue features an equity share price band of ₹80 – ₹85 per share with a minimum retail lot size of 1600 Shares (minimum application amount of ₹1,36,000). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions