Ramdevbaba Solvent Ltd IPO

Ramdevbaba Solvent Limited was originally incorporated as `Ramdevbaba Solvent Private Limitedas a private limited company under Companies Act, 1956, pursuant to a certificate of incorporation dated November 25, 2008 issued by the Registrar of Companies, Maharashtra at Mumbai. Thereafter, the Company was converted into a public limited company pursuant to a resolution passed by its shareholders at an extra-ordinary general meeting held on December 12, 2023 and a fresh certificate of incorporation dated December 27, 2023 was issued by the Registrar of Companies, Maharashtra at Mumbai consequent upon conversion, recording the change in the name of the Company from `Ramdevbaba Solvent Private Limited'to `Ramdevbaba Solvent Limited'. The Company's Corporate Identity Number is U01112MH2008PLC188449.

Over the years, agricultural production in India has consistently recorded higher output. An abundant supply of raw materials, increase in demand for food products and incentives offered by the Government has impacted food processing sector positively. During the 5 years ending 2020-21, Food Processing sector has been growing at an average annual growth rate of around 8.38 per cent as compared to around 4.87 per cent in Agriculture & allied sector (at 2011-12 prices). Indian food processing market size reached US$ 307.2 trillion in 2022 and is expected to reach US$ 547.3 trillion by 2028, exhibiting a growth rate (CAGR) of 9.5% during 2023-2028. As per the 4th Advance Estimates of Ministry of Agriculture released on 17.08.2022 for 2021-22, estimated Oilseeds production is about 376.97 lakh MT and estimated production of oils from these oilseeds in 2021-22 comes to about 89.66 lakh MT. The total availability of edible oils from primary as well as secondary sources is estimated at 115.71 lakh MT. Rice bran oil is extracted from the hard outer brown layer of rice after chaff or rice husk. Rice bran is the principal raw material used for the production of rice bran oil. Rice bran is a byproduct of the rice-milling process and is found in abundance in rice producing areas. Solvent extraction processing of oilseeds including soyabean, oilcakes and rice bran during OY 2022-23 is provisionally reported at 265 lakh tonnes compared to 250 lakh tonnes during the previous year. The overall production of solvent extracted oils during OY 2022-23 from rice bran, oil cakes, minor oilseeds and soybean is reported at 40.8 lakh tonnes as against 38.5 lakh tonnes during 2021-22.

Ramdevbaba Solvent Limited is in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil (`Rice Bran Oil'). The Company manufactures and sells Rice Bran Oil to FMCG companies amongst others, Mother Dairy Fruit & Vegetable Private Limited, Marico Limited and Empire Spices and Foods Ltd. The Company also manufactures, markets and sells Rice Bran Oil under its own brands `Tulsi' and `Sehat' through thirty-eight (38) distributors who in turn sells to various retailers across Maharashtra. The Company also produces De-oiled Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil and sells the same as cattle feed, poultry feed and fish feed in the States of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. The Company has two (2) Manufacturing Facilities out of which one is situated at Bramhapuri near Nagpur, Maharashtra and another one is situated at Mahadula near Nagpur, Maharashtra. Its Manufacturing Facilities comprise of three (3) solvent extraction facilities and two (2) oil refinery facilities with an aggregate installed capacity of around 2,55,000 MTPA and 48,000~ MTPA, respectively. ~Represents output capacity of Refined Rice Bran Oil