31 Mar 2021
Assets101.25
Total Income427.17
Profit After Tax6.17
NET Worth28.24
Reserves and Surplus23.65
Total Borrowing44.74
At a glance
Updated 2026-09-14The shares listed at ₹112.00, a 31.76% move from the issue price. Ramdevbaba Solvent is a SME IPO with an issue size of ₹50.27 crore, proposed for listing on NSE SME. The offer opens on 15th Apr 2024 and closes on 18th Apr 2024. The issue structure includes a fresh issue of ₹47.60 crore. The current listing schedule points to 23rd Apr 2024.
Issue details
Listing atNSE SME
Issue typeBook Build Issue
Issue size₹50.27 Cr
Fresh issue₹47.60 Cr
Face value₹10
Price band₹80.00–₹85.00
Allotment19th Apr 2024
Listing23rd Apr 2024
Listing performance
Full performance ↗Issue price₹85.00
Listing price₹112.00
Current price—
Listing gain31.76%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹9.00
GMP / upper price10.59%
Est. listing₹94.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens15th Apr 2024
Closes18th Apr 2024
Allotment19th Apr 2024
Refund22nd Apr 2024
Demat22nd Apr 2024
Listing23rd Apr 2024
Subscription demand
Full bidding ↗Total126.21×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1600 | ₹136,000 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Setting up of new manufacturing facility | ₹18.81 Cr |
| Repayment in full or in part, of certain of our outstanding borrowings | ₹8.42 Cr |
| Funding the working capital requirements of our Company; and | ₹12.00 Cr |
| General corporate purposes | ₹5.38 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue465.70₹ Cr · -33.9% vs prior year
PAT8.29₹ Cr · -36.2% vs prior year
Assets203.41₹ Cr · +6.7% vs prior year
Net Worth68.57₹ Cr · +43.4% vs prior year
Borrowing99.99₹ Cr · +0.8% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets131.35
Total Income585.25
Profit After Tax6.59
NET Worth34.83
Reserves and Surplus30.24
Total Borrowing64.86
31 Mar 2023
Assets190.63
Total Income704.33
Profit After Tax13.00
NET Worth47.83
Reserves and Surplus43.25
Total Borrowing99.23
31 Dec 2023
Assets203.41
Total Income465.70
Profit After Tax8.29
NET Worth68.57
Reserves and Surplus52.36
Total Borrowing99.99
KPIs
| KPI | Dec 31, 2023 |
|---|---|
| ROCE | 10.76% |
| Debt / Equity | 1.46% |
| RoNW | 14.24% |
| PAT Margin | 1.79% |
| Price to Book Value | 1.83 |
Valuation & shareholding
Pre-IPO EPS8.02
Post-IPO EPS5.00
Pre-IPO P/E10.6
Post-IPO P/E17.02
Promoter holding pre83.37%
Promoter holding post61.09%
Market cap₹188.07 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Ramdevbaba Solvent IPO | — | 17.02 x | — | — |
| Q&T Foods IPO | — | 20.50 x | — | — |
| Crazy Snacks IPO | — | 12.57 x | — | — |
| M R IPO | — | 22.87 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to BRLM (including underwriting commissions and selling commission) | ₹4.78 Cr |
| Advertising and marketing expenses | ₹0.35 Cr |
| Fees payable to the Legal Advisors to the Issue | ₹0.08 Cr |
| Fees to the Registrar to the Issue | ₹0.05 Cr |
| Fees payable to the Regulators including stock exchanges | ₹0.05 Cr |
| Printing and distribution of Issue stationary | ₹0.02 Cr |
| Brokerage, selling commission and uploading/processing fees | ₹0.06 Cr |
| Others (bankers to the Issue, depositories, secretarial, market making, auditor’s fees etc.) | ₹0.26 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Choice Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-14.
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