Ramdevbaba Solvent Limited
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₹9(10.59%)
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Ramdevbaba Solvent Limited's successfully completed its Initial Public Offering and commenced trading on Apr 23, 2024 at the NSE exchange. The company raised 59,13,600 Shares through this public offering, comprising 59,13,600 Shares in fresh capital.
The IPO was priced within the band of ₹80 to ₹85, with minimum application lots of 1600 shares. The offering attracted significant investor interest during its subscription period from Apr 15, 2024 to Apr 18, 2024.
Share allotment was finalized on Apr 19, 2024, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Ramdevbaba Solvent Limited, started in 2008, makes and supplies physically refined rice bran oil. They sell their rice bran oil to big FMCG companies like Mother Dairy, Marico, and Empire Spices and Foods. The company also sells its oil under its own brands, Tulsi and Sehat, which are available at various retail stores through a network of 38 distributors across Maharashtra. Along with rice bran oil, they also produce de-oiled rice bran (DORB)—a by-product used as feed for livestock, poultry, and fish. This is sold in several states like Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. They also sell other by-products like fatty acids, lecithin, gum, spent soil, and wax in the open market. The company has two production units—one in Mahadula and another in Bramhapuri near Nagpur, Maharashtra.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strategic Location Advantage: and the company’s facilities near Nagpur provide easy access to major markets, reducing transport costs, enabling faster deliveries, and strengthening regional competitiveness.
- Easy Access to Raw Materials: and abundant availability of rice bran ensures a steady, uninterrupted supply for production, helping maintain full factory capacity, control costs, and support profitability.
- Smooth, Integrated Operations: and complete in-house processing—from extraction to refining—allows faster, cost-efficient production with consistent quality, giving the company flexibility and a strong competitive edge.
- Heavy Dependence on Rice Bran Oil: and reliance on a single major product means any drop in demand or production issues can directly impact revenue, profitability, and overall business stability.
- Fluctuating Commodity Prices: and constant changes in rice bran oil and related commodity prices can affect profit margins, cost management, and inventory planning due to market, global, or regulatory factors.
- Weather-Related Challenges: and adverse climatic conditions like floods or droughts can reduce rice supply and quality, leading to higher production costs, delays, and pressure on profitability.
- Prashant Kisanlal Bhaiya
- Nilesh Suresh Mohata
- Tushar Ramesh Mohata
Ramdevbaba Solvent Limited
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