Ramdevbaba Solvent Limited

About the company

## **About Ramdevbaba Solvent Limited** Founded in 2008, Ramdevbaba Solvent is in the business of manufacturing, distribution, marketing and selling of Physically Refined Rice Bran Oil. They manufacture and sell Rice Bran Oil to FMCG companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited and Empire Spices and Foods Ltd & they also manufacture, market and sell Rice Bran Oil under our own brands “Tulsi” and “Sehat” through 38 distributors who in turn sell to various retailers across Maharashtra. Rice bran oil is the oil extracted from the hard outer brown layer of rice called ‘bran’.  It is well known for its high smoke point of 232 °C i.e. 450 °F and mild flavour, making it fit for high-temperature cooking methods such as stir-frying and deep-frying. It has an ideal balance of Polyunsaturated Fats (PUFA) and Monounsaturated Fats (MUFA), in almost a 1:1 ratio. Since rice bran oil is made from bran, it is rich in Vitamin E, an antioxidant, also produce De-oiled Rice Bran (DORB), which is a by-product in the extraction of Rice Bran Oil and sell 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. They own and operate two Manufacturing Facilities, one in Mahadula and one  in Bramhapuri near Nagpur, in the State of Maharashtra, which are strategically located in Central India. Their Manufacturing Facilities have extraction and refining divisions which enables integrated production and processing of Rice Bran Oil. As Ramdevbaba Solvent Limited Prepares for its Initial Public Offering (IPO), the proceeds generated from the Fresh Issue will be allocated towards crucial objectives: 1. Setting up of new manufacturing facility  1. Repayment in full or in part, of certain of our outstanding borrowings 1.  Funding the working capital requirements of our Company  1. General corporate purposes

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   15 Apr 2024

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   18 Apr 2024

   Last day to place your bid

3. Basis of Allotment

   Completed
   17 Apr 2024

   Share allotment finalised

4. Refund Initiation

   Completed
   22 Apr 2024

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   19 Apr 2024

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   23 Apr 2024

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.