Ramdevbaba Solvent Limited

Company Profile
Company Name Ramdevbaba Solvent Limited
Open Date 15-04-2024
Close Date 18-04-2024
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹80 to ₹85 per share
Issue Size 59,13,600 shares
Application Amount ₹1,36,000
Recommendation Apply
Founded in 2008, Ramdevbaba Solvent Limited has its registered office in Nagpur, Maharashtra, India. The company is in the business of manufacturing, distribution, marketing and selling of Physically RefinedRice Bran Oil (“Rice Bran Oil”). The company manufacture and sell Rice Bran Oil to FMCG companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited and Empire Spices and Foods Ltd. The company also manufacture, market and sell Rice Bran Oil under its own brands “Tulsi” and “Sehat” through thirty-eight (38) distributors. As of April 04, 2024, the company had a total of 491 employees on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 10,125.6 13,134.6 19,062.1 20,341.1
Net Assets 2,823.95 3,483.10 4,783.25 6,857.08
Total Borrowing 4,474.16 6,485.67 9,922.63 9,998.78
Total Revenue 42,717.3 58,525.5 70,433.41 46,569.8
Profit After Tax 617.06 659.15 1,300.15 828.90

Tentative Timeline

Opening Date 15-04-2024
Closing Date 18-04-2024
Basis of Allotment 19-04-2024
Initiation of Refunds 22-04-2024
Credit of Shares to Demat 22-04-2024
Listing Date 23-04-2024

Objects of the Issue

Setting up of new manufacturing facility.
Repayment in full or in part, of certain outstanding borrowings.
To meet working capital requirements.
General corporate purposes.

Contact Information

Registered Office Ramdevbaba Solvent Limited Bhaiya Building, Anaj Bazar, Itwari, Nagpur - 440 002
Phone +91 0712-7968 189
Email cs@rbsl.co.in
Website http://www.ramdevbabasol.com/

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Share Holding Pre Issue (Promoters) 83.37%
Share Holding Post Issue (Promoters) 61.09%

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