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Ramdevbaba Solvent Limited IPO Review

Ramdevbaba Solvent Limited engaged manufacturing, distribution, marketing, and selling. They produce, distribute, market, and sell physically refined rice bran oil. Their clients include FMCG giants like Mother Dairy, Marico, and Empire Spices. They also market their own brands, "Tulsi" and "Sehat", through 38 distributors, reaching retailers across Maharashtra. Rice bran oil is extracted from the outer brown layer of rice.

They manufacture de-oiled rice bran (DORB), a by-product of rice bran oil extraction. They sell DORB as feed for cattle, poultry, and fish across various states including Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. They also sell other by-products like fatty acids, lecithin, gums, spent earth, and wax in the market.

Ramdevbaba Solvent Limited Limited Products and Services

Ramdevbaba Solvent Limited Produce De Oiled Rice Bran, by products Rice Bran Oil, and sell the same as cattle feed. Their rice bran oil production involves two main steps: first, extracting crude oil from rice bran using solvents, with a capacity of 255,000 metric tons per annum. Second, refining the crude oil, with a capacity of 48,000* metric tons per annum. They operate two manufacturing facilities located in Mahadula and Bramhauri near Nagpur, Maharashtra. These facilities have both extraction and refining divisions, allowing for integrated production, and processing of rice bran oil.

Ramdevbaba Solvent Limited Strengths are Strategic location of their Manufacturing Facilities, Easy availability of rice bran around their Manufacturing Facilities, Integrated operations and economies of scale, Arrangements with FMCG companies for supply of Rice Bran Oil. Experienced Promoters and senior management team, Their Business Strategies are Setting up of a corn de-oiling manufacturing facility, Addition of ‘Blended Oil’ as an additional product category, enhance their brand recall to increase their market share, Entering new product categories like cleaning products,

Financial Overview

The company holds a unique position in central India's rice bran oil market and has been performing steadily, keeping up with industry trends. Now, it's expanding by adding de-oiling facilities and entering ethanol blending, which show promising opportunities. Considering its earnings from FY23/FY24, the stock's value seems fair. Knowledgeable investors might consider investing for potential medium to long-term gains.