Ramdevbaba Solvent Ltd., a company focused on rice bran oil and related products, is expanding its offerings by introducing a de-oiling facility and venturing into the promising sector of ethanol blending. Despite its name including "Ramdevbaba," it has no affiliation with the Patanjali group or Yoga Guru Ramdeo Baba. While it hasn't declared dividends recently, its revenue has been on an upward trajectory since FY22, projected to reach Rs. 618.12 Cr. (TTM). Although slightly below FY23, post-listing advantages could bolster revenue and margins, especially with the development of a new manufacturing unit. This expansion is expected to significantly increase revenue and net profits. Comparatively valued with peers, the IPO presents an appealing opportunity for investors, particularly with its focus on rice bran oil and the promising venture into ethanol blending through its subsidiary. With added capacities and a de-oiling facility, SL is poised for future growth. Considering its earnings from FY23/FY24, the IPO seems appropriately priced, attracting investors looking for medium to long-term gains.
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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