Ramdevbaba Solvent Ltd. IPO: Review & Overview Of SME IPO
Ramdevbaba Solvent Limited IPO date is slated to be open for subscription from April 15, 2024, to April 18, 2024. This NSE SME IPO follows a Book Built Issue IPO.Ramdevbaba Solvent Limited IPO price is fixed in the range of Rs.80 to Rs.85 per share. The total issue size of this IPO amounts to Rs.50.27 Cr. The company has allocated shares 35% to retail investors, 50% to institutional investors and 15% to non-institutional investors.
sonu
Share this Post to earn Money ( Upto ₹100 per 1000 Views )
Ramdevbaba Solvent Limited IPO
Ramdevbaba Solvent Limited, established in 2008, specializes in producing and distributing Physically Refined Rice Bran Oil, catering to prominent FMCG clients like Mother Dairy and Marico. Its network of distributors spans Maharashtra, leveraging two production facilities in Nagpur. The company's IPO, slated from April 15 to April 18, 2024, offers shares at Rs. 80-85 each, with a total issue size of Rs. 50.27 Cr.
Financially, Ramdevbaba Solvent Limited has shown growth in assets, net worth, and revenue over recent years. The IPO proceeds are intended for establishing a new manufacturing facility, repaying borrowings, meeting working capital needs, and general corporate purposes.
Product-wise revenues show reliance on Rice Bran Oil sales, with significant revenue contributions from Maharashtra, Andhra Pradesh, and Uttar Pradesh. Despite potential strengths like strategic manufacturing locations and integrated operations, the company faces risks from market competition and operational vulnerabilities.
The IPO's price range corresponds to a P/E ratio of 8.99x to 12.22x, relatively in line with industry averages. While the IPO presents an opportunity given the company's customer base and financial performance, investors should carefully assess competitive dynamics and operational risks before investing.
Know Complete Information About Ramdevbaba Solvent Limited IPO
