Ramdevbaba Sol. IPO

Ramdevbaba Solvent Ltd

₹1,28,000 /1600 sharesMinimum Investment

Ramdevbaba Sol. IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
--₹85.00₹112.00₹27.00 (31.76%)

Ramdevbaba Sol. IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
15 Apr ‘24 - 18 Apr ‘24₹1,28,0001,600₹80 - ₹85
Issue SizeIPO Doc
50.27Cr
RHP PDF

About the company

Ramdevbaba Solvent Limited manufactures, distributes, and sells Physically refined 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 38 distributors, who, in turn, sell to retailers across Maharashtra. The company also produces De-oiled Rice Bran (DORB), a by-product in the extraction of Rice Bran Oil, and sells it as cattle feed, poultry feed, and fish feed in the states of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. Furthermore, other by-products such as fatty acid, lecithin, gums, spent earth, and wax are sold in the open market. The company owns and operates two manufacturing facilities, in Mahadula and Bramhapuri, in Maharashtra.;
Founded in
2008
Managing director
Mr. Nilesh Suresh Mohata
Parent organisation
Ramdevbaba Solvent Ltd

Strength and risks

Strengths
Risks
The company's manufacturing facilities are situated near Nagpur, Maharashtra. As per the company, this gives it a strategic advantage to supply and distribute rice bran oil in Maharashtra and de-oiled rice bran across various states in India. The company also states that there are various rice mills situated near their manufacturing facilities, ensuring the regular supply of rice bran to them.
The company has entered into arrangements with FMCG companies such as Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd for the supply of Rice Bran Oil. Sales to FMCG companies amounted to Rs. 155.29 cr, Rs. 218.16 cr, Rs. 235.59 cr, and Rs. 154.79 cr, contributing 33.50%, 31.27%, 40.42%, and 36.51% of the revenue from operations during the nine-month period ended December 31, 2023, and Fiscals 2023, 2022, and 2021, respectively.
The company’s manufacturing facilities encompass three solvent extraction facilities and two oil refinery facilities, with a combined installed capacity of approximately 2,55,000 MTPA and 48,000 MTPA, respectively. These span across an area of 1,28,000 square meters of land.
The company reported revenue from operations of Rs. 432.92 cr, Rs. 582.88 cr and Rs. 697.75 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, it reported Profit after tax of Rs. 6.17 cr, Rs. 6.59 cr and Rs. 13 cr respectively.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular80 - 85₹2 Lakh
High Networth Individual80 - 85₹2 - 5 Lakh
For Ramdevbaba Sol. IPO, eligible investors can apply as Regular.
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 5.1.9
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ

ABOUT GROWW