Ramdevbaba Solvent SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Ramdevbaba Solvent IPO. Explore Ramdevbaba Solvent IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Ramdevbaba Solvent LIMITED specializes in the manufacturing, distribution, marketing, and sale of Physically Refined Rice Bran Oil ("Rice Bran Oil"). The company supplies Rice Bran Oil to renowned FMCG companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. Additionally, they market and sell Rice Bran Oil under their own brands "Tulsi" and "Sehat" through a network of distributors across Maharashtra. Alongside Rice Bran Oil, the company produces and sells De-oiled Rice Bran (DORB) as feed for cattle, poultry, and fish across multiple states in India.
Key Points:
- Business: Manufactures, distributes, markets, and sells Physically Refined Rice Bran Oil.
- Brands: Sells branded Rice Bran Oil ("Tulsi" and "Sehat") through distributors and to FMCG companies (like Mother Dairy, Marico, and Empire Spices).
- By-products Utilization: Produces De-oiled Rice Bran (DORB) as a by-product in the extraction of Rice Bran Oil, which is then sold as feed for cattle, poultry, and fish in various states including Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. Other by-products such as fatty acid, lecithin, gums, spent earth, and wax are also sold in the open market.
Objects of the Issue
- Setting up of new manufacturing facility
- Repayment in full or in part, of certain of our outstanding borrowings
- Funding the working capital requirements of our Company
- General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 15 Apr - 18 Apr 2024 |
| IPO Price Band | ₹ 80 - 85 per share |
| Fresh Issue | 59,13,600 Shares |
| Offer For Sale | NIL |
| Total IPO Size | Approx ₹ 50.27 crore |
| Face Value | ₹ 10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 15 Apr 2024 |
| IPO Closing Date | 18 Apr 2024 |
| Basis Of Allotment | 19 Apr 2024 |
| Refunds | 22 Apr 2024 |
| Demat Transfer | 22 Apr 2024 |
| IPO Listing Date | 23 Apr 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 427.17 | 585.25 | 704.33 | 465.70 |
| Total Expenses | 418.58 | 576.06 | 687.25 | 454.36 |
| Net Profit/Loss | 6.17 | 6.59 | 13.0 | 8.29 |
| NPM (*) | 1.46 | 1.13 | 1.86 | 1.79 |
| Total Assets | 101.25 | 131.35 | 190.63 | 203.41 |
| Total Liabilities | 73.01 | 96.52 | 142.79 | 134.84 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | 4.48 | 4.79 | 9.45 | 5.60 |
| ROE (%) | 23.97 | 20.90 | 31.46 | 14.24 |
| ROCE (%) | 16.50 | 14.07 | 15.26 | 10.76 |
| D/E Ratio | 1.58 | 1.86 | 2.07 | 1.46 |
| Current Ratio | 2.31 | 2.67 | 2.45 | 3.20 |
| EBITDA MARGIN (%) | 3.89 | 3.34 | 3.61 | 4.70 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Ramdev Baba Solvent Limited | 697.75 | 8.99 | 9.45 | 31.46 | 34.76 |
| BCL Industries Limited | 1,818.33 | 21.15 | 2.66 | 15.19 | 19.90 |
| Gokul Refoils and Solvent Limited | 3,136.57 | 14.39 | 2.44 | 7.64 | 33.15 |
| Gujarat Ambuja Exports Limited | 4,908.99 | 10.99 | 14.40 | 14.50 | 106.15 |
| Kriti Nutrients Limited | 786.87 | 22.33 | 4.15 | 11.70 | 26.42 |
| Shri Venkatesh Refineries Limited | 629.12 | 5.48 | 12.96 | 24.09 | 59.79 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 65.95 |
| Non-Institutional Investor (NII/HNI) | 314.46 |
| Retail Individual Investor (RII) | 79.96 |
| Total | 126.21 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Bigshare Services Private Limited
Phone: +91 22-62638200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Company Promoters
- PRASHANT KISANLAL BHAIYA
- NILESH SURESH MOHATA
- TUSHAR RAMESH MOHATA
- AAYUSH PRASHANT BHAIYA
- PRASHANT KISAHNLAL BHAIYA (HUF)
- MOHATA NILESH SURESH (HUF)
- KISHANLAL PRASHANT (HUF)
- PRASHANT & AYUSH (HUF)
- PRASHANT PRATEEK (HUF)
Lead Managers
- Choice Capital Advisors Private Limited
Company Address
Ramdevbaba Solvent Limited
Bhaiya Building, Anaj Bazar, Itwari, Nagpur 440 002,
Maharashtra, India
Phone: +91 0712-7968 189
Email: cs@rbsl.co.in
Website: www.ramdevbabasol.com
FAQs
- What is the issue size of the Ramdevbaba Solvent SME IPO?The Ramdevbaba Solvent SME IPO has an issue size of Approx ₹ 50.27 crore. This includes a fresh issue of 59,13,600 Shares and an offer for sale (OFS) of NIL.
- What is the price band of the Ramdevbaba Solvent IPO?The price band for the Ramdevbaba Solvent IPO is ₹ 80 - 85 per share.
- What are the bidding dates for the Ramdevbaba Solvent IPO?The Ramdevbaba Solvent IPO will open for bidding on 15 Apr 2024 and close on 18 Apr 2024.
- What is the allotment date for the Ramdevbaba Solvent IPO?The allotment date for the Ramdevbaba Solvent IPO is 19 Apr 2024.
- What is the listing date for the Ramdevbaba Solvent IPO?The listing date for the Ramdevbaba Solvent IPO is 23 Apr 2024.
- What is the Ramdevbaba Solvent IPO grey market premium?The grey market premium (GMP) for the Ramdevbaba Solvent IPO is currently at ₹9, with an expected listing gain of approximately 10.59%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.