
Emerging SME Services · NSE
Ramdevbaba Solvent Limited, started in 2008, makes and supplies physically refined rice bran oil. They sell their rice bran oil to big FMCG companies like Mother Dairy, Marico, and Empire Spices and Foods. The company also sells its oil under its own brands, Tulsi and Sehat, which are available at various retail stores through a network of 38 distributors across Maharashtra. Along with rice bran oil, they also produce de-oiled rice bran (DORB)—a by-product used as feed for livestock, poultry, and fish. This is sold in several states like Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. They also sell other by-products like fatty acids, lecithin, gum, spent soil, and wax in the open market. The company has two production units—one in Mahadula and another in Bramhapuri near Nagpur, Maharashtra.
Price Band
₹80 – ₹85
Issue Size
₹50.27 Cr
Lot Size
1600 shares
GMP
+10.6%
Est. Listing
₹94
at current GMP
Subscribed
126.29x
overall
Open
15 Apr 2024
Close
18 Apr 2024
Allotment
19 Apr 2024
Refund
20 Apr 2024
Demat Credit
21 Apr 2024
Listing
23 Apr 2024