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Ramdevbaba Solvent Limited IPO – GMP, Dates, Prices And Full Review

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Ramdevbaba Solvent Limited who are specialize in producing high-quality Rice Bran Oil, De-Oiled Rice Bran cake are raising ₹50.26 crores approximately through Initial Public Offerings (IPO). The IPO will be open from Monday, 15 April, 2024 and will close on Thursday, 18 April, 2024. The IPO Price band is set to 85 and a retail investor can do minimum investment of ₹1,36,000 for a single lot of 1600 shares.

Ramdevbaba Solvent Limited Company manufacture and sell Rice Bran Oil to FMCG companies like Mother Dairy and Marico Limited. They also manufacture, market and sell Rice Bran Oil under their own brands “Tulsi” and “Sehat”. The Company also produce De-oiled Rice Bran (DORB), which is a by-product.

With the IPO Funds, Company is Planning to set up a corn de-oiling manufacturing facility, adjoining their exisiting manufacturing unit at Brahmapuri. Increasing operational efficiency and Entering new product categories like cleaning products are also under their Aim. As FMCG Company needed continuous marketing, they also intend to increase their brand recall and marketing efforts that will help them to increase their existing market share.

Ramdevbaba Solvent Limited IPO Important Dates And Prices

IPO Opening Date15 April, 2024
IPO Closing Date18 April, 2024
IPO Allotment Date19 April, 2024
Date of Refund Initiation22 April, 2024
Single Price₹85
Total Shares1600/Lot
Minimum Investment₹1,36000
IPO Listing23 April, 2024
Listing OnNSE SME

Ramdevbaba Solvent IPO Important Details

IPO Issue Size₹50.269 Crores
IPO Face Value₹10/Share
IPO Retail Percentage35%
QIB Percentage50%
NII Percentage15%
IPO Mandate Last Date18 April, 2024 (Till 5 PM)
IPO RegistrarBigshare Services Pvt. Ltd.

Ramdevbaba Solvent Limited IPO GMP (Grey Market Premium)

DateGMP
As On 14-04-2024₹20
As On 15-04-2024
As On 16-04-2024
As On 17-04-2024
As On 18-04-2024

Ramdevbaba Solvent Limited Company Qualities

  • Company manufacture and sell Rice Brand Oil under their own brands also which confirms their product quality is good..
  • They have 38 distributors who in turn sell to various retailers across Maharashtra
  • Their Clients are mainly Big Players like Mother Dairy, Marico, Godrej, Cargill etc.
  • They are FSSAI, ISO, HACCP and Kosher Certified.

Ramdevbaba Solvent Limited Weakness

  • Company is mainly dependent on Rice Bran Oil only for the major share of revenue and fall in its demand can affect the whole company badly.
  • Company is planning to enter into new categories like cleaning products, which can also reduce their revenue as it is completely new for them. Their full plan for that is uncertain.

Ramdevbaba Solvent Limited Company Promoters

  • Prashant Kisanlal Bhaiya (Chairman and Whole-time Director)
  • Nilesh Suresh Mohata (Managing Director)
  • Tushar Ramesh Mohata (Whole Time Director)

Ramdevbaba Solvent IPO Full Review (May Apply)

Ramdevbaba Solvent Limited company has an ROCE of 10.75% and RoNW of about 14.25%. PAT Margin Percentage of Ramdevbaba Solvent is approx. 1.78%. Our Review For This IPO is you May Apply For This IPO. Company is capable, with a new manufacturing unit and more branding, marketing, it will grow and their revenue doubles.


Ramdevbaba Solvent Limited IPO Important Links

Allotment Status or Registrar LinkBigshare Services Pvt. Ltd.
Company Websitewww.ramdevbabasol.com

FAQ’s Related to Ramdevbaba Solvent IPO

  1. From Which Date Ramdevbaba Solvent Limited IPO will open?

    Ramdevbaba Solvent Limited IPO will open from Monday, 15 April, 2024.

  2. What is the last date to apply for the Mandate of Ramdevbaba Solvent IPO?

    Ramdevbaba Solvent IPO last date to apply for the Mandate is Thursday, 18th April, 2024.

  3. What is the issue size of Ramdevbaba Solvent IPO?

    Issue size of Ramdevbaba Solvent IPO is approximately 50.269 Crores and has a face value of 10 per equity share.

  4. On which Platform Ramdevbaba Solvent Limited IPO going to List?

    Ramdevbaba Solvent Limited IPO is going to List on NSE SME (National Stock Exchange For Small And Medium Enterprises).

  5. What is the price of single share of Ramdevbaba Solvent IPO and how many shares are there in one lot?

    Ramdevbaba Solvent Limited IPO Price is 85 per share and a total of 1600 shares are there in a single lot.

  6. What is the listing date of Ramdevbaba Solvent Limited IPO?

    Ramdevbaba Solvent Limited IPO is going to list on Tuesday, 23 April, 2024.


How You Can Apply For Ramdevbaba Solvent IPO or Any Other IPO?

  • To Apply For the Ramdevbaba Solvent Limited IPO, First You Need To open a DEMAT Account.
  • You Can Open a Demat Account Online With Platform or Apps like Zerodha, Upstox, Angel One, Paytm Money and Groww.
  • Once Your DEMAT Account is Opened, Open the App given Above with which you apply for DEMAT Account and Look for the IPO section.
  • Select the Ramdevbaba Solvent Limited IPO in the IPO Section and click on Apply Now Button.
  • After that, Add No of Lot you want to apply for. It can be 1 or many according to your budget.
  • After adding Lot, Enter UPI (Unified Payment Interface) ID and Click on Apply for IPO.
  • After hitting apply for IPO button, you will receive a Mandate Request on your UPI Platform with in few minutes. It can take up to 1 hour also, sometimes.
  • If You did not received Mandate Request with in 1 hour, You can even cancel the IPO application from the App you applied for the IPO.
  • And after Cancelling the Application, You can reapply again for the Ramdevbaba Solvent IPO or any other IPO which you want to buy.
  • On receiving Mandate Request in the UPI app, click on Accept Mandate, Enter your UPI Pin and your Mandate Amount and hit Enter.
  • On Successful accepting the Ramdevbaba Solvent IPO mandate, IPO Amount will be blocked by the Bank, till the date of initiation of refunds.
  • If IPO shares are allotted to you, your amount will be permanently debit from your bank account in that case.

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