Ramdevbaba Solvent Ltd

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

Open Demat Account

50years

Ramdevbaba Solvent Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
59.14 LTBA19.6 L106.05 LNSE₹ 50.27 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
15 Apr, 2418 Apr, 241600 ₹ 1,28,000 Book Building - SME23 Apr, 24

Ramdevbaba Solvent Ltd IPO Details

Ramdevbaba Solvent Ltd IPO Dates

  • 15 Apr 2024

    Opening date

  • 18 Apr 2024

    Closing date

  • 19 Apr 2024

    Basis of
    Allotment

  • 22 Apr 2024

    Initiation of
    Refunds

  • 22 Apr 2024

    Credit of
    Shares

  • 23 Apr 2024

    Listing date

Details

SectorType
SectorSolvent Extraction
Sub SectorNA
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB0x
NII0x
Retail0x
Employee0x
Total0x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Ramdevbaba Solvent Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations21.5113.7111.40
EBITDA23.7418.8715.65
PAT14.696.665.76
Total Assets99.0575.8359.24
Share Capital4.594.594.59
Total Borrowings91.9658.9630.03
Operating Activities (Net Cash)16.9211.8210.01
Investing Activities (Net Cash)-27.54-11.740.15
Financing Activities (Net Cash)91.9658.9630.03
Net Cashflow0.360.200.57

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Ramdevbaba Solvent Ltd

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.

Peer Comparison:

  • Ramdevbaba Solvent Ltd
  • BCL Industries Ltd
  • Gokul Refoils and Solvent Ltd
  • Gujarat Ambuja Exports Ltd
  • Kriti Nutrients Ltd
  • Shri Venkatesh Refineries Ltd

Ramdevbaba Solvent Ltd IPO Key Points

Strengths

  • The Company's manufacturing facilities are situated near Nagpur, Maharashtra giving it the strategic advantage to supply and distribute Rice Bran Oil in Maharashtra and DORB across various states in India.
  • The ease of availability of rice bran in abundance, which is its main raw material, ensures the smooth operations of its Manufacturing Facilities, and production and sale of its finished products.
  • The Company has integrated operations involving the extraction of oil from bran and refining of the extracted oil enabling it to meet the time, cost efficiency, quality and quantity requirements.
  • The Company has arrangements with other FMCG companies for supply of rice bran oil.
  • The Company has over the years focused immensely on stringent quality control for its products.

Risk

  • Its inability to comply with repayment and other covenants in the financing agreements or otherwise meet its debt servicing obligations could adversely affect the company's business, financial condition, cash flows and credit rating.
  • Its business is dependent the demand of the company products in Maharashtra, Andhra Pradesh and Uttar Pradesh.
  • The company is dependent upon certain suppliers for the supply of raw materials required for manufacturing its products and majority of them are from the states of Maharashtra, Madhya Pradesh, Chhattisgarh and Gujarat. In the event of shortage of raw materials with these suppliers or if the company is unable to procure raw materials from alternative sources and in timely manner, its may be unable to meet production schedules for the company products and may not be able to deliver its products to customers, which may adversely affect the company customer relations and reputation.

Strategy

  • Setting up of a corn de-oiling manufacturing facility.
  • Addition of `Blended Oil' as an additional product category.
  • Enhance its brand recall to increase its market share.
  • Increasing operational efficiency.
  • Entering new product categories like cleaning products.

Ramdevbaba Solvent Ltd IPO Key Points

  • The Company's manufacturing facilities are situated near Nagpur, Maharashtra giving it the strategic advantage to supply and distribute Rice Bran Oil in Maharashtra and DORB across various states in India.
  • The ease of availability of rice bran in abundance, which is its main raw material, ensures the smooth operations of its Manufacturing Facilities, and production and sale of its finished products.
  • The Company has integrated operations involving the extraction of oil from bran and refining of the extracted oil enabling it to meet the time, cost efficiency, quality and quantity requirements.
  • The Company has arrangements with other FMCG companies for supply of rice bran oil.
  • The Company has over the years focused immensely on stringent quality control for its products.
  • Its inability to comply with repayment and other covenants in the financing agreements or otherwise meet its debt servicing obligations could adversely affect the company's business, financial condition, cash flows and credit rating.
  • Its business is dependent the demand of the company products in Maharashtra, Andhra Pradesh and Uttar Pradesh.
  • The company is dependent upon certain suppliers for the supply of raw materials required for manufacturing its products and majority of them are from the states of Maharashtra, Madhya Pradesh, Chhattisgarh and Gujarat. In the event of shortage of raw materials with these suppliers or if the company is unable to procure raw materials from alternative sources and in timely manner, its may be unable to meet production schedules for the company products and may not be able to deliver its products to customers, which may adversely affect the company customer relations and reputation.
  • Setting up of a corn de-oiling manufacturing facility.
  • Addition of `Blended Oil' as an additional product category.
  • Enhance its brand recall to increase its market share.
  • Increasing operational efficiency.
  • Entering new product categories like cleaning products.

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Get your FAQs right

Ramdevbaba Solvent Ltd's IPO offers shares for up to ₹ 0 L It begins on Apr 15, 2024 and ends on Apr 18, 2024.

The price of Ramdevbaba Solvent Ltd IPO ranges between ₹80 to ₹85 per share.

The Ramdevbaba Solvent Ltd IPO opens on Apr 15, 2024 and closes on Apr 18, 2024.

The allotment for the Ramdevbaba Solvent Ltd IPO will be finalised on Apr 19, 2024. The shares will be listed on BSE and NSE on Apr 23, 2024.

The minimum lot size for Ramdevbaba Solvent Ltd IPO is 1600 shares, priced between ₹80 to ₹85 per share.

The GMP (Grey Market Premium) of Ramdevbaba Solvent Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Ramdevbaba Solvent Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Ramdevbaba Solvent Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Apr 15, 2024, and closes on Apr 18, 2024. The allotment is finalised on Apr 19, 2024.

To apply for the Ramdevbaba Solvent Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.