Ramdevbaba Solvent Limited IPO
Ramdevbaba Solvent Limited IPO
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Ramdevbaba Solvent Limited's successfully completed its Initial Public Offering and commenced trading on 23-04-2024 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 15-04-2024 to 18-04-2024.
Share allotment was finalized on 19-04-2024, 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 IPO About Company
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."
Ramdevbaba Solvent IPO Strength Factors
- 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.
Ramdevbaba Solvent IPO Risk Factors
- 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.
Ramdevbaba Solvent IPO Lead Manager(s)
- Choice Capital Advisors Private Limited
Ramdevbaba Solvent IPO Promoter(s)
- Prashant Kisanlal Bhaiya
- Nilesh Suresh Mohata
- Tushar Ramesh Mohata
Ramdevbaba Solvent IPO FAQs
Ramdevbaba Solvent Limited IPO subscribed 126.29 times. The public issue subscribed 79.96 times in the retail category,65.95times in QIB, and -- times in the HNI (10+) category byNovember 19, 2025 8:22:52 AM (Day 19).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Ramdevbaba Solvent IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Ramdevbaba Solvent IPO FAQs
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