Ramdevbaba Solvent Limited

15 Apr 2024 - 18 Apr 2024 Individual Category SME NSE

Min Investment

₹256000

Price Band

₹80-₹85

Issue Size

42.34 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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15 Apr 2024

Open Date

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18 Apr 2024

Close Date

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19 Apr 2024

Allotment Date

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23 Apr 2024

Listing Date

Ramdevbaba Solvent IPO is open for subscription starting Monday, April 15, 2024, and closing on Thursday, April 18, 2024. The price band of this upcoming IPO is decided at Rs 80 to 85 per share. The minimum lot size of this application for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,36,000 (85 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,72,000 (85 x 3200 shares). Ramdevbaba Solvent IPO is a book-built issue of Rs 50.27 crores. This upcoming IPO issue is completely a fresh issue of 59.14 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Friday, April 19, 2024. Ramdevbaba Solvent IPO will be listed on NSE SME, and the listing date is fixed on Tuesday, April 23, 2024. The book-running lead manager of Ramdevbaba Solvent IPO is Choice Capital Advisors Private Limited. The registrar for this IPO is Bigshare Services Private Limited.

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About Ramdevbaba Solvent Limited

Ramdevbaba Solvent Limited founded in 2008, engaged in manufacturing, distribution, marketing and sale of rice bran to FMCG companies. Company is rooted in the agro based business since 1950, it has evolved from the humble beginnings in pulses and food grains trading to becoming a leader in paddy processing. Presently, the company manufactures markets and sells rice bran oil under its own brands name “Tulsi” and  “Sehat” through 38 distributors who in turn sells to various retailers in Maharashtra. The company’s clients include Mother Dairy, Marico, Godrej, Cargill. Ramdevbaba Solvent also manufactures de-oiled rice bran, which is a by-product of rice bran oil extraction and sells it as a livestock, poultry and fish fish feed in the states of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. 

Founded

2008

Managing Director

Parent Organization

IPO Objectives

The net funds received from this new IPO will be used for setting up a new manufacturing facility. The remaining funds will be used for the repayment and prepayment of certain outstanding borrowings. Moreover, the proceeds will also be used for funding the working capital requirements of the company. Other than this, general corporate purposes will also be fulfilled.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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