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Ramdevbaba Solvent IPO
Price Band
₹80.0–85.0
Issue Size
₹50.27 Cr
Lot Size
1,600 shares
Min Investment
₹136,000
GMP
+₹9.0 (10.59%)
Issue Price
₹85.0
Subject to Sauda
₹10900
Paid only if allotted
Ramdevbaba Solvent IPO AI Summary
- Ramdevbaba Solvent IPO is listed on NSE SME in the Edible Oil sector.
- Price band: ₹80.0–₹85.0 per share, lot size 1,600 shares (min. investment ₹136,000).
- Subscription window: 15 Apr–18 Apr 2024, listing on 23 Apr 2024.
- Current GMP is +₹9.0 (10.59%), an estimated listing price of ₹94 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Ramdevbaba Solvent IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 18 Apr 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Ramdevbaba Solvent IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+10.59%
Est. Listing
₹94.0
Updated: 25 Jul 2026 14:06
About the Company
Founded in 2008, Ramdevbaba Solvent Limited produces and distributes physically refined rice bran oil. The Company is engaged in the manufacture, distribution, marketing and sale of rice bran oil to FMCG companies such as 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 sell to various retailers in Maharashtra. The company also manufactures de-oiled rice bran (DORB), which is a by-product of rice bran oil extraction, and sells it as livestock, poultry and fish feed in the states of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. Other by-products such as fatty acid, lecithin, gum, spent soil and wax are sold on the open market. Ramdevbaba Solvent has two production facilities, one in Mahadula and the other in Bramhapuri near Nagpur in the state of Maharashtra,
Company Financials (₹ Cr)
As of 2023-12-31
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 203.41 | 190.63 | 131.35 | 101.25 |
| Total Income | 465.70 | 704.33 | 585.25 | 427.17 |
| Profit After Tax | 8.29 | 13.00 | 6.59 | 6.17 |
| NET Worth | 68.57 | 47.83 | 34.83 | 28.24 |
| Reserves and Surplus | 52.36 | 43.25 | 30.24 | 23.65 |
| Total Borrowing | 99.99 | 99.23 | 64.86 | 44.74 |
Key Ratios
EPS
₹8.02
NAV
₹46.33
ROCE
10.76%
RoNW
14.24%
P/B Value
1.83
P/E Ratio
10.6
Market Cap
₹188.07 Cr
PAT Margin
1.79%
Debt/Equity
1.46
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Shri Venkatesh Refineries Ltd | 59.79 | 24.09% | 5.48 | 12.96 | 12.96 |
| Kriti Nutrients Ltd | 26.42 | 11.7% | 22.33 | 4.15 | 4.15 |
| Gujarat Ambuja Exports Ltd. | 106.15 | 14.5% | 10.99 | 14.4 | 14.4 |
| Gokul Refoils & Solvent Ltd. | 33.15 | 7.64% | 14.39 | 2.44 | 2.44 |
| Bcl Industries Ltd | 19.9 | 15.19% | 21.15 | 2.75 | 2.75 |
| Ramdevbaba Solvent Limited This IPO | 34.76 | 31.46% | — | 9.45 | 9.45 |
Promoters
Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata and Tushar Ramesh Mohata
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Setting up of new manufacturing facility 18.81 2 Repayment in full or in part, of certain of our outstanding borrowings 8.42 3 Funding the working capital requirements of our Company; and 12.00 4 General corporate purposes 5.38
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹427.17 Cr in the period ending 31 Mar 2021, increasing to ₹585.25 Cr by 31 Mar 2022, but then declining to ₹704.33 Cr by 31 Mar 2023, and further decreasing to ₹465.70 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹6.17 Cr in the period ending 31 Mar 2021, rising to ₹6.59 Cr by 31 Mar 2022, then increasing to ₹13.00 Cr by 31 Mar 2023, but falling to ₹8.29 Cr by 31 Dec 2023, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹85.0, Ramdevbaba Solvent Limited has an implied P/E ratio of approximately 10.6 based on its earnings per share (EPS) of ₹8.02. This is compared to its peers, which have P/E ratios ranging from 5.48 to 22.33.
Grey Market Premium, Explained
The grey market premium (GMP) reflects the expected listing price of an IPO compared to its issue price. A positive GMP indicates that the stock is expected to list at a higher price, while a negative GMP suggests the opposite. It is important to note that GMP is not a guarantee of future performance and can fluctuate based on market conditions.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs like this, which can experience significant price fluctuations and uncertainty in the early days of trading.
Listing Gains — The Risk
Listing-day gains can be influenced by various factors, including market sentiment and demand for the stock. However, there is no guarantee of immediate profits, and investors should be prepared for potential volatility in the stock price after listing.
This evaluation is generated from Ramdevbaba Solvent's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Ramdevbaba Solvent IPO GMP today?
Ramdevbaba Solvent IPO GMP today is +₹9.0 (10.59%), indicating an estimated listing price of ₹94. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Ramdevbaba Solvent IPO?
The price band of Ramdevbaba Solvent IPO is ₹80.0–₹85.0 per share.
When does Ramdevbaba Solvent IPO open and close?
Ramdevbaba Solvent IPO opens on 15 April 2024 and closes on 18 April 2024.
When does Ramdevbaba Solvent IPO list on the stock exchange?
Ramdevbaba Solvent IPO listed on 23 April 2024 at ₹94.0.
What is the lot size for Ramdevbaba Solvent IPO?
The lot size for Ramdevbaba Solvent IPO is 1600 shares, requiring a minimum investment of ₹136,000.
What is the lot size for this IPO?
The lot size for Ramdevbaba Solvent's IPO is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹136,000.
What is the price band for this IPO?
The price band for the IPO is between ₹80.0 and ₹85.0.
When is the listing date for this IPO?
The listing date for this IPO is 23 April 2024.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected listing price of the IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
15 Apr 2024
Close
18 Apr 2024
Allotment
19 Apr 2024
Listing
23 Apr 2024
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