IPO Details
Bidding Dates
15 Apr 24 - 18 Apr 24
Price Range ₹
80 - 85
Total Equity
₹ 50.27Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
15 Apr 2024
Offer end
18 Apr 2024
Allotment
19 Apr 2024
Refund initiation
22 Apr 2024
Demat transfer
22 Apr 2024
Listing
23 Apr 2024
Offer start
15 Apr 2024
Offer end
18 Apr 2024
Allotment
19 Apr 2024
Refund initiation
22 Apr 2024
Demat transfer
22 Apr 2024
Listing
23 Apr 2024
About Company
Established in 2008, Ramdevbaba Solvent Limited specializes in the production and distribution of physically refined rice bran oil. The company is actively involved in the manufacturing, distribution, marketing, and sale of rice bran oil to leading FMCG (Fast-Moving Consumer Goods) companies such as Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. In addition to supplying to FMCG giants, Ramdevbaba Solvent Limited also operates its own brands, namely "Tulsi" and "Sehat," offering rice bran oil directly to consumers. This is facilitated through a network of thirty-eight (38) distributors spread across Maharashtra, who further distribute the products to various retailers in the region.
Year Founded
25-11-2008
Promotor Details
Prashant Kisanlal Bhaiya
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 83.37 | 61.09 |
| Share Capital | 13515750 | 13515750 |
Offer to Public
59,13,600.00 Cr
Project Details
- Setting up of new manufacturing facility - 188.14cr
- Repayment in full or in part, of certain of our outstanding borrowings - 93.281cr
- Funding the working capital requirements of our Company - 120cr
Objectives
- Setting up of new manufacturing facilityRepayment in full or in part, of certain of our outstanding borrowingsFunding the working capital requirements of our Company
- andGeneral corporate purposes.
Highlights
- By selling rice bran oil to FMCG companies, marketing its own brands, and producing by-products like de-oiled rice bran for livestock feed, Ramdevbaba Solvent Limited diversifies its revenue streams, reducing dependence on any single product or market segment.
- Collaborating with FMCG companies like Mother Dairy, Marico, and Empire Spices enhances the company's market reach and brand visibility, potentially leading to increased sales and market share.
- With production facilities in Mahadula and Bramhapuri, and distribution networks across multiple states, Ramdevbaba Solvent Limited has a wide geographical presence, enabling it to reach a larger customer base and capitalize on regional market opportunities.
- Utilizing by-products like de-oiled rice bran for livestock feed and selling other by-products on the open market contributes to a more sustainable business model, minimizing waste and maximizing resource utilization.
- The company's integration from manufacturing rice bran oil to producing livestock feed and other by-products allows for greater control over the supply chain, potentially optimizing costs and ensuring quality standards.
Challenges
- Reliance on FMCG companies for a significant portion of sales exposes the company to the risk of market fluctuations, changes in demand, or potential loss of key clients, which could impact revenue and profitability.
- The rice bran oil industry is competitive, with numerous players vying for market share. Competing with established brands and other manufacturers may put pressure on pricing and profitability margins.
- Compliance with regulations governing food products, manufacturing processes, and environmental standards adds complexity and potential costs to the business operations, especially considering the company operates in multiple states.
- The availability and quality of raw materials, such as rice bran, may be subject to seasonal fluctuations and agricultural factors, impacting production volumes and profitability. Additionally, external factors like weather conditions and crop diseases could affect the supply chain and business operations
- Compliance with regulations governing food products, manufacturing processes, and environmental standards adds complexity and potential costs to the business operations, especially considering the company operates in multiple states.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 19,062.62 | 458.73 | 1,468.88 | 1,468.88 | 10.6735 |
| 2024 | 22,915.78 | 1,621.18 | 1,468.88 | 1,468.88 | 10.6735 |
