Ramdevbaba Solvent Ltd IPO

Ramdevbaba Solvent Ltd. issues new shares worth INR 50.27cr for a new facility, repayment of borrowings, funding working capital, and general purposes.

Important Details

Date: April 15 to April 18 2024 Listing Date: April 23, 2024 Price: INR 80 to 85 per share Lot Size:1600 Shares Total Issue Size:INR 50.27 cr

Fundamental Analysis

Ramdevbaba Solvent shows initial revenue growth but later decline, profitability and equity improved, but return on net worth declined, showing mixed performance

Peer Comparison

Ramdev Baba Solvent: Strong returns on net worth & earnings per share. BCL Industries: Promising revenue & PE ratio. Gokul Refoils & Solvent Limited High revenue, despite lower ROE.


Ramdevababa Solvent's main objectives are to allocate funds for a new facility, repay borrowings, and support working capital needs.

Risks And Challenges

Ramdevbaba Solvent faces risks from regional supplier dependency, production disruptions, customer relations, reduced Rice Bran Oil demand, and FMCG customer loss.

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