✓
Open
15 Apr 2024
✓
Close
18 Apr 2024
3
Allotment
—
✓
Listing
Tue, Apr 23, 2024
Price Band
₹80 to ₹85
Issue Size
59,13,600 shares (agg. up to ₹50 Cr)
Lot Size
1,600 Shares
Listing Date
Tue, Apr 23, 2024
Latest GMP
₹9
Est. Gain
10.59%
✦ AI Insight
GMP Trend
23-04-2024₹9Est. ₹94+10.59%
22-04-2024₹9Est. ₹94+10.59%
21-04-2024₹7Est. ₹92+8.24%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 88.10x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 203.41 | 190.63 | 131.35 | 101.25 |
| Total Income | 465.70 | 704.33 | 585.25 | 427.17 |
| Profit After Tax | 8.29 | 13.00 | 6.59 | 6.17 |
| NET Worth | 68.57 | 47.83 | 34.83 | 28.24 |
| Reserves and Surplus | 52.36 | 43.25 | 30.24 | 23.65 |
| Total Borrowing | 99.99 | 99.23 | 64.86 | 44.74 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Rajgor Castor Derivatives Ltd. | SME | ₹47.81 Cr | ₹50 | 1.66 | ₹61.10 | +22.20% | ₹26.60 (+5.98%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up of new manufacturing facility | 18.81 |
| 2 | Repayment in full or in part, of certain of our outstanding borrowings | 8.42 |
| 3 | Funding the working capital requirements of our Company; and | 12.00 |
| 4 | General corporate purposes | 5.38 |
About Ramdevbaba Solvent IPO
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,+ Read More
Contact Details
Ramdevbaba Solvent Ltd. AddressBhaiya BuildingAnaj Bazar, ItwariItwariNagpur, Maharashtra, 440002+91 0712-7968 189cs@rbsl.co.inVisit Website