Ramdevbaba Solvent Limited IPO
- IPO Date15 Apr, 2024 to 18 Apr, 2024
- Listing Date23 Apr, 2024
- Face Value₹10 per share
- Issue Price₹80 to ₹85 per share
- Lot Size1600 Shares
- Minimum Investment₹1,36,000
- Listing AtNSE SME
- Total Issue Size59,13,600 Shares
(aggregating up to ₹50.27 Cr) - Fresh Issue59,13,600 Shares
(aggregating up to ₹50.27 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,62,11,750
- Shareholding post issue2,21,25,350
IPO Dates
Closing Date
18 Apr, 2024
Initiation of Refunds
22 Apr, 2024
Listing Date
23 Apr, 2024
15 Apr, 2024
Opening Date
19 Apr, 2024
Basis of Allotment
22 Apr, 2024
Credit of Shares
Ramdevbaba Solvent Limited Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,36,000 |
| Retail (Max) | 1 | 1600 | ₹1,36,000 |
| HNI (Min) | 2 | 3200 | ₹2,72,000 |
Ramdevbaba Solvent Limited Promoter Holding
Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, and Tushar Ramesh Mohata are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 81.01% | - |
Ramdevbaba Solvent Limited COMPANY INFORMATION
Ramdevbaba Solvent IPO is a book built issue of Rs 50.27 crores. The issue is entirely a fresh issue of 59.14 lakh shares. Ramdevbaba Solvent IPO opens for subscription on April 15, 2024 and closes on April 18, 2024. The allotment for the Ramdevbaba Solvent IPO is expected to be finalized on Friday, April 19, 2024. Ramdevbaba Solvent IPO will list on NSE SME with tentative listing date fixed as Tuesday, April 23, 2024. Ramdevbaba Solvent IPO price band is set at ₹80 to ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹272,000. Choice Capital Advisors Pvt Ltd is the book running lead manager of the Ramdevbaba Solvent IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Ramdevbaba Solvent IPO is Choice Equity Broking. Refer to Ramdevbaba Solvent IPO RHP for detailed information.
Founded in 2008, Ramdevbaba Solvent Limited produces and distributes physically refined rice bran oil.
The Company is engaged in the manufacture, distribution, marketing and sale of rice bran oil to FMCG companies such as Mother Dairy Fruit & Vegetable Private Limited, Marico Limited and Empire Spices and Foods Ltd. The Company also manufactures, markets and sells rice bran oil under its own brands "Tulsi" and "Sehat" through thirty eight (38) distributors who in turn sell to various retailers in Maharashtra.
The company also manufactures de-oiled rice bran (DORB), which is a by-product of rice bran oil extraction, and sells it as livestock, poultry and fish feed in the states of Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala and Tamil Nadu. Other by-products such as fatty acid, lecithin, gum, spent soil and wax are sold on the open market.
Ramdevbaba Solvent has two production facilities, one in Mahadula and the other in Bramhapuri near Nagpur in the state of Maharashtra.
FAQs About Ramdevbaba Solvent Limited Ipo
Ramdevbaba Solvent Limited IPO will open on 15 Apr, 2024 and close on 18 Apr, 2024. Investors must apply within this period to participate.
The Ramdevbaba Solvent Limited IPO price band is set between ₹80.00 and ₹85.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹136000.00.
The Ramdevbaba Solvent Limited IPO shares are expected to be listed on 23 Apr, 2024, subject to regulatory approvals and final allotment.
You can track your Ramdevbaba Solvent Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Ramdevbaba Solvent Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.