Ramdevbaba Solvent Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

15 Apr 2024

Close Date

18 Apr 2024

Allotment

19 Apr 2024

Listing Date

23 Apr 2024

Exchange

NSE SME

Price Band

₹85

Listing Price

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Allotment Status

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Price Band

₹85

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

59,13,600 shares (aggregating up to ₹50.27 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹136,000

1 lot

Pre-IPO Holding

1,62,11,750 shares

Promoters

Post-IPO Holding

2,21,25,350 shares

Promoters

P/E (Pre)

10.6x

P/E (Post)

17.02x

EPS (Pre)

₹8.02

EPS (Post)

₹5.00

UPI Deadline

2024-04-18

Mandate

Anchor AllotmentSun, 14 Apr 2024

Basis of AllotmentFri, 19 Apr 2024

Refund InitiationMon, 22 Apr 2024

Demat CreditMon, 22 Apr 2024

Listing DayTue, 23 Apr 2024

UPI Mandate Deadline2024-04-18

Sale TypeFresh Capital

Net Offer to Public56,00,000 shares (aggregating up to ₹47.60 Cr)

Market Maker Quota3,13,600 shares (aggregating up to ₹2.67 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Ramdevbaba Solvent Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 18 Apr 2024.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	313,600	—	₹2.67
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	5,913,600	100%	₹50.27

IPO Shares Offered

Ramdevbaba Solvent Ltd IPO total issue size: ₹50.27 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	313,600	₹2.67	5.30%
Total	5,913,600	₹50.27	100.00%

* Based on upper price band ₹85 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹85.00

Upper Band

Min Investment

₹136,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹272,000
Retail (Max — 13 Lots)	13	20,800	₹1,768,000
S-HNI (Min — 14 Lots)	14	22,400	₹1,904,000
B-HNI (Min — 68 Lots)	68	108,800	₹9,248,000

* Issue Price ₹85 × Lot Size 1,600 shares

IPO Schedule

Anchor

14 Apr 2024

✓ Done

IPO Open

15 Apr 2024

✓ Done

IPO Close

18 Apr 2024

✓ Done

Allotment

19 Apr 2024

✓ Done

Refunds

22 Apr 2024

✓ Done

Demat Credit

22 Apr 2024

✓ Done

Listing Day

23 Apr 2024

✓ Done

₹85.00

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Issue ₹85.00 Live Price

About Ramdevbaba Solvent Ltd

Founded in 2008, Ramdevbaba Solvent Limited produces and distributes physically refined rice bran oil.The Company is engaged in the manufacture, distribution, marketing and sale of rice bran oil to FMCG companies such as Mother Dairy Fruit & Vegetable Private Limited, Marico Limited and Empire Spices and Foods Ltd. The Company also manufactures, markets and sells rice bran oil under its own brands "Tulsi" and "Sehat" through thirty eight (38) distributors who in turn sell to various retailers in Maharashtra.The company also manufactures de-oiled rice bran (DORB), which is a by-product of rice bran oil extraction, and sells it as livestock, poultry and fish feed in the states of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. Other by-products such as fatty acid, lecithin, gum, spent soil and wax are sold on the open market.Ramdevbaba Solvent has two production facilities, one in Mahadula and the other in Bramhapuri near Nagpur in the state of Maharashtra,

Objects of the Issue

Setting up of new manufacturing facility;

Repayment in full or in part, of certain outstanding borrowings;

Funding the working capital requirements of the company; and

General corporate purposes.

Ramdevbaba Solvent Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹58,525.5

31 Mar 2022

₹70,433.4

31 Mar 2023

₹46,569.8

31 Dec 2023

Profit After Tax (PAT)

₹659.2

31 Mar 2022

₹1,300.2

31 Mar 2023

₹828.9

31 Dec 2023

Particulars	31 Dec 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	46569.81	70433.41	58525.46
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	828.90	1300.15	659.15
Net Worth	6857.15	4783.25	3483.10
Total Assets	20341.24	19062.61	13134.86
Reserves & Surplus	5235.97	4324.52	3024.37
Borrowings	9998.78	9922.63	6485.67
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	1.79%	—	—

P/BV Ratio

1.83

RoCE

10.76%

RoNW

14.24%

PAT Margin

1.79%

Debt/Equity

1.46

Issue Structure & Shareholding

Total Shares Offered59,13,600 (100.00%)

Net Offer to Public56,00,000 shares (aggregating up to ₹47.60 Cr)

Reserved for Market Maker3,13,600 shares (aggregating up to ₹2.67 Cr)

Pre-Issue Promoter Holding1,62,11,750 shares

Post-Issue Promoter Holding2,21,25,350 shares

P/BV Ratio1.83

RoEN/A

RoCE10.76%

Debt / Equity1.46

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Choice Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Ramdevbaba Solvent Ltd IPO subscribed? ▲

Ramdevbaba Solvent Ltd IPO is subscribed 1.00 times by Apr 18, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Ramdevbaba Solvent Ltd IPO retail subscription status? ▼

The Ramdevbaba Solvent Ltd IPO retail category is subscribed 1.00 times as of 18 Apr 2024. The retail portion is oversubscribed.

How to subscribe Ramdevbaba Solvent Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 15 Apr 2024 and closes 18 Apr 2024. Min investment: ₹136,000 (1 lot = 1,600 shares). UPI mandate: 2024-04-18.

How many times Ramdevbaba Solvent Ltd IPO subscribed? ▼

The Ramdevbaba Solvent Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Ramdevbaba Solvent Ltd IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 19 Apr 2024. Refunds: on 22 Apr 2024.

When Ramdevbaba Solvent Ltd IPO will be listed? ▼

The Ramdevbaba Solvent Ltd IPO listing date is 23 Apr 2024, Tuesday. Listed on: NSE SME. Issue price: ₹85. Estimated listing: ₹85. GMP: NIL.

When Ramdevbaba Solvent Ltd IPO close? ▼

The Ramdevbaba Solvent Ltd IPO closes on 18 Apr 2024, Thursday. UPI mandate: 2024-04-18. Allotment: 19 Apr 2024. Listing: 23 Apr 2024.

Quick Actions

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Live Price LIVE

Last Price₹85.00

Change—

Issue Price₹85.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹85

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹136,000

GMPNIL

Est. Listing₹85

Subscribed1.00x

Open Date15 Apr 2024

Close Date18 Apr 2024

Allotment19 Apr 2024

Listing Date23 Apr 2024

ExchangeNSE SME

UPI Deadline2024-04-18