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SME IPO Status: Listed [15th Apr 2024 to 18th Apr 2024]
Ramdevbaba Solvent IPO, a SME IPO of ₹50.27 Cr was launced on 15-04-2024 to 18-04-2024 and the shares got listed on NSE SME on 23-04-2024.
The public issue of Ramdevbaba Solvent IPO (RBS) was offered at ₹85.00 per share and the ipo was listed at ₹112.00. It has delivered listing gain of 31.76%.
As the minimum lot size was 1600 shares, the IPO has offered Rs 43200.00 per lot return on listing.
| SME IPO Issue Opening Date: | 15th Apr 2024 |
| SME IPO Issue Closing Date: | 18th Apr 2024 |
| SME IPO Issue Price: | ₹80.00-85.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹50.27 Cr |
| Fresh Issue: | ₹50.27 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 81.01% |
| Promoter Holding Post IPO: | |
| Allotment Status: | Allotment Status |
| NSE Code: | RBS |
Get important updates regarding Ramdevbaba Solvent SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 19th Apr 2024 |
| Refunds Initiation* | 22nd Apr 2024 |
| Credit of Shares to Demat* | 22nd Apr 2024 |
| SME IPO Listing Date* | 23rd Apr 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹80.00-85.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹136000 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 23-04-2024 | 85.00 | 9 | 10900 | ₹94 (10.59%) | 23-Apr-2024 10:25 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Ramdevbaba Solvent Limited was incorporated in November 2008 and is engaged in the manufacture, distribution, marketing and sale of Physically Refined Rice Bran Oil (―Rice Bran Oil). The Company manufactures and sells 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 across Maharashtra.
They also manufacture de-oiled rice bran (DORB), a by-product of rice bran oil extraction, and sell 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 earth and wax are sold in the open market.
The production of rice bran oil mainly involves two processes (i) solvent extraction of crude oil from rice bran with a capacity of 2,55,000 MTPA and (ii) refining of the extracted rice bran oil with a capacity of 48,000* MTPA as on the date of this Draft Red Herring Prospectus. The Company owns and operates two (2) production facilities, one (1) at Mahadula and one (1) at Bramhapuri near Nagpur in the State of Maharashtra, strategically located in Central India. The production facilities have extraction and refining departments that enable integrated production and processing of rice bran oil.
| Incorporation | Sector | IPO Issue Size | Website |
| 2008 | Edible Oil | ₹50.27 Cr | http://www.ramdevbabasol.com/ |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 1,120,000 (28.34%) | 872,000 (22.06%) | 1,960,000 (49.6%) | 3,952,000 | |
| 1 | 15th Apr 2024 19:31 | 0.00x | 8.18x | 5.80x | 4.68x |
| 2 | 16th Apr 2024 19:31 | 0.02x | 14.69x | 13.74x | 10.06x |
| 3 | 18th Apr 2024 19:31 | 65.95x | 314.46x | 79.96x | 126.21x |
Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 20,341.24 | 19,062.61 | 13,134.86 | 10,125.05 |
| Revenue | 46,569.81 | 70,433.41 | 58,525.46 | 42,717.32 |
| Profit After Tax | 828.90 | 1,300.15 | 659.15 | 617.06 |
| Net Worth | 6,857.15 | 4,783.25 | 3,483.10 | 2,823.95 |
| Reserves and Surplus | 5,235.97 | 4,324.52 | 3,024.37 | 2,365.22 |
| Total Borrowing | 9,998.78 | 9,922.63 | 6,485.67 | 4,474.16 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Ramdevbaba Solvent Limited | 9.45 | 9.45 | 34.76 | 31.46 | ||
| Bcl Industries Ltd | 2.75 | 2.75 | 19.9 | 21.15 | 15.19 | Consolidated |
| Gokul Refoils & Solvent Ltd. | 2.44 | 2.44 | 33.15 | 14.39 | 7.64 | Consolidated |
| Gujarat Ambuja Exports Ltd. | 14.4 | 14.4 | 106.15 | 10.99 | 14.5 | Consolidated |
| Kriti Nutrients Ltd | 4.15 | 4.15 | 26.42 | 22.33 | 11.7 | Consolidated |
| Shri Venkatesh Refineries Ltd | 12.96 | 12.96 | 59.79 | 5.48 | 24.09 | Consolidated |
Last Updated on 27-Apr-2024 07:02:44
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Ramdevbaba Solvent SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Ramdevbaba Solvent SME IPO with Zerodha.
Alternate approch to apply in Ramdevbaba Solvent SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Ramdevbaba Solvent SME IPO Review and Important Updates
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To subscribe or apply in Ramdevbaba Solvent SME IPO, you can use the following methods:
| Ramdevbaba Solvent SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Ramdevbaba Solvent SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Ramdevbaba Solvent SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Ramdevbaba Solvent SME IPO. Most of the Syndicate Banks provide access to apply in Ramdevbaba Solvent IPO via ASBA process. You must have your net banking access, DP ID information to apply in Ramdevbaba Solvent SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Ramdevbaba Solvent SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Ramdevbaba Solvent SME IPO Review and Important Updates
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Ramdevbaba Solvent SME IPO is going to be list on 23-04-2024. NSE Code for Ramdevbaba Solvent is RBS.
Other relevant questions:
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Ramdevbaba Solvent SME IPO Allotment Date is 19-04-2024.
Other relevant questions:
Ramdevbaba Solvent SME IPO share allotment date?Ramdevbaba Solvent SME IPO allotment date?
