Ramdevbaba Solvent IPO GMP Today ( Grey Market Premium )

The Ramdevbaba Solvent IPO commenced on April 15, 2024, and concluded on April 18, 2024. The allotment of shares took place on April 19, 2024, and the initiation of refunds began on April 22, 2024. The shares were credited to the demat accounts of investors on April 22, 2024. Finally, the listing of Ramdevbaba Solvent on the stock exchange occurred on April 23, 2024.

The Ramdevbaba IPO was priced at ₹80 to ₹85 per share, with a lot size of 1600 shares. The total issue size was ₹50.27 crores, comprising a fresh issue of ₹50.27 crores. The IPO was listed on the NSE SME.

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Founded in 2008, Ramdevbaba Solvent Limited is a key player in the production and distribution of physically refined rice bran oil. Based in India, the company supplies top FMCG brands like Mother Dairy, Marico Limited, and Empire Spices and Foods Ltd. Additionally, Ramdevbaba Solvent sells rice bran oil under its own popular brands, “Tulsi” and “Sehat.” These products reach consumers through a network of 38 distributors across Maharashtra who further supply various retail outlets.

Besides its core products, the company also produces de-oiled rice bran (DORB), a valuable by-product used as feed for livestock, poultry, and fish. This product is distributed in multiple states including Maharashtra, Goa, Gujarat, and others. Ramdevbaba Solvent also markets other by-products like fatty acids, lecithin, gum, spent soil, and wax, all of which are sold in the open market.

To support its extensive product line, Ramdevbaba Solvent operates two production facilities located in Mahadula and Bramhapuri near Nagpur, Maharashtra. These state-of-the-art facilities enable the company to maintain high standards of quality and efficiency in its operations.

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