The Ramdevbaba Solvent date has been confirmed from April 15, 2024 and closes on April 18, 2024. Read the post to learn about Ramdevbaba Solvent IPO GMP.
Ramdevbaba Solvent IPO is a fixed price issue of Rs 50.27 crore. The price band is set at ₹ 80 to ₹ 85 per share. The minimum lot size for an application is 1600 Shares. The minimum quantum of investment needed by retail investors is ₹ 136,000. The minimum lot size investment for HNI is 2 lots( 3,200 shares) amounting to ₹ 272,000.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of Ramdevbaba Solvent IPO
Bidding Dates
April 15-18
Price Range
₹80 to ₹85 per share
Face Value
₹10 per share
GMP
₹9
Ramdevbaba Solvent IPO GMP
The Ramdevbaba Solvent IPO GMP Today is ₹9.
Ramdevbaba Solvent IPO Overview
Ramdevbaba Solvent IPO is a book- erected allocation worth Rs50.27 crore. The immolation consists wholly of59.14 lakh new shares. The Ramdevbaba Solvent IPO will be offered for subscriptions on April 15, 2024 and end on April 18, 2024. The allotment for the Ramdevbaba Solvent IPO is anticipated to be completed on Friday, April 19, 2024. Ramdevbaba Solvent IPO will be listed on NSE SME, with a conditional table date of Tuesday, April 23, 2024.
The Ramdevbaba Solvent IPO price ranges from ₹ 80 to ₹ 85 per share. The minimum lot size for an operation is 1600 shares. The minimum investment for retail investors is ₹ 136,000. The minimum investment for HNI is 2 lots( 3,200 shares) of ₹ 272,000.
Ramdevbaba Solvent IPO Details
| IPO Date | April 15, 2024 to April 18, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,913,600 shares (aggregating up to ₹50.27 Cr) |
| Fresh Issue | 5,913,600 shares (aggregating up to ₹50.27 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,211,750 |
| Share holding post issue | 22,125,350 |
| Market Maker portion | 281,600 shares |
Ramdevbaba Solvent Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 20,341.24 | 19,062.61 | 13,134.86 | 10,125.05 |
| Revenue | 46,569.81 | 70,433.41 | 58,525.46 | 42,717.32 |
| Profit After Tax | 828.90 | 1,300.15 | 659.15 | 617.06 |
| Net Worth | 6,857.15 | 4,783.25 | 3,483.10 | 2,823.95 |
| Reserves and Surplus | 5,235.97 | 4,324.52 | 3,024.37 | 2,365.22 |
| Total Borrowing | 9,998.78 | 9,922.63 | 6,485.67 | 4,474.16 |
| Amount in ₹ Lakhs | ||||
Ramdevbaba Solvent IPO Timeline
| IPO Open Date | Monday, April 15, 2024 |
| IPO Close Date | Thursday, April 18, 2024 |
| Basis of Allotment | Friday, April 19, 2024 |
| Initiation of Refunds | Monday, April 22, 2024 |
| Credit of Shares to Demat | Monday, April 22, 2024 |
| Listing Date | Tuesday, April 23, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 18, 2024 |
Company Profile
Ramdevbaba Solvent Limited, established in 2008, produces and distributes physically meliorated rice bran oil painting. The company manufactures, distributes, requests, and sells rice bran oil painting to FMCG enterprises including mama Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. The company also manufactures, promotes, and sells rice bran oil painting under its own markers “ Tulsi ” and “ Sehat ” through thirty- eight( 38) distributors, who also vend to other merchandisers in Maharashtra. The company also producesde-oiled rice bran( DORB),
a
by product of rice bran oil painting birth, and sells it as beast, flesh, and fish feed in Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. Other derivations, including adipose acid, lecithin, goo, spent soil, and wax, are vended on the open request. It has two manufacturing installations, one in Mahadula and the other in Bramhapuri near Nagpur in the state of Maharashtra.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Ramdevbaba Solvent Limited |
| Phone number | +91 0712-7968 189 |
| Email ID | [email protected] |
| Website | ramdevbabasol.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Ramdevbaba Solvent IPO FAQs
When Ramdevbaba Solvent IPO will open?
The Ramdevbaba Solvent IPO opens on April 15, 2024 and closes on April 18, 2024.
What is the lot size of Ramdevbaba Solvent IPO?
Ramdevbaba Solvent IPO lot size is 1600 Shares, and the minimum amount required is ₹136,000.
When is Ramdevbaba Solvent IPO allotment?
The finalization of Basis of Allotment for Ramdevbaba Solvent IPO will be done on Friday, April 19, 2024, and the allotted shares will be credited to your demat account by Monday, April 22, 2024.
When is Ramdevbaba Solvent IPO listing date?
The Ramdevbaba Solvent IPO listing date is not yet announced. The tentative date of Ramdevbaba Solvent IPO listing is Tuesday, April 23, 2024.
Leave a Reply