The Ramdevbaba Solvent IPO started on April 15, 2024, and ended on April 18, 2024. Shares were allocated on April 19, 2024, and refund processes began on April 22, 2024. On April 22, 2024, the shares were credited to investors demat accounts. Ramdevbaba Solvent was officially listed on the stock exchange on April 23, 2024.
During the IPO, Ramdevbaba Solvent offered shares at a price range of ₹80 to ₹85 per share, and the lot size was 1600 shares. The total issue size was ₹50.27 crores, with ₹50.27 crores from new shares. The IPO was listed on the NSE SME.
Ramdevbaba Solvent IPO Subscription Update Video
Ramdevbaba Solvent IPO Subscription Status
The Ramdevbaba Solvent IPO on April 18, 2024 was subscribed 126.21 times, with the retail category being subscribed 79.96 times, the NII (Non-Institutional Investor) category being subscribed 314.46 times, the QIB (Qualified-Institutional Buyers) category being subscribed 65.95 times.
| Category | Subscription |
| QIB | 65.95x |
| NII | 314.46x |
| Retail | 79.96x |
| Total | 126.21x |
Ramdevbaba IPO Basic Details
| Company Name | Ramdevbaba Solvent Limited |
| Ramdevbaba Solvent IPO Open Date | April 15, 2024 |
| Ramdevbaba Solvent IPO Close Date | April 18, 2024 |
| Ramdevbaba Solvent IPO Allotment Date | April 19, 2024 |
| Ramdevbaba Solvent IPO Listing Date | April 23, 2024 |
| Face Value | ₹10 per share |
| Price | ₹80 to ₹85 per share |
| Lot Size | 1600 Shares |
| Issue Size | 5,913,600 shares of ₹10 (aggregating up to ₹50.27 Cr) |
| Fresh Issue | 5,913,600 shares of ₹10 (aggregating up to ₹50.27 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Prashant Kisanlal Bhaiya, Nilesh Suresh Mohata, and Tushar Ramesh Mohata |
About Ramdevbaba Solvent Limited
Established in 2008, Ramdevbaba Solvent Limited specializes in producing and distributing physically refined rice bran oil. Our company is dedicated to making, distributing, and selling rice bran oil to major consumer goods companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. We also have our own brands, “Tulsi” and “Sehat,” which are available through our network of thirty-eight distributors in Maharashtra.
In addition to rice bran oil, we produce de-oiled rice bran (DORB), a by-product of our oil extraction process. This DORB is sold as feed for livestock, poultry, and fish across Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. We also offer other by-products such as fatty acid, lecithin, gum, spent soil, and wax, which are available in the open market.
Ramdevbaba Solvent operates two production facilities, one in Mahadula and the other in Bramhapuri near Nagpur, both located in Maharashtra.
Ramdevbaba Solvent IPO Should you subscribe?
Ramdevbaba Solvent IPO More Details Click Here
Ramdevbaba Solvent IPO FAQs
What is the start and end date of Ramdevbaba Solvent IPO Subscription?
The Ramdevbaba Solvent IPO started on April 15, 2024, and ended on April 18, 2024.
When does Ramdevbaba Solvent IPO Subscription open?
The Ramdevbaba Solvent IPO open on April 15, 2024.
When does Ramdevbaba Solvent IPO Subscription close?
The Ramdevbaba Solvent IPO Close on April 18, 2024.
What is the allotment date of Ramdevbaba Solvent IPO?
The allotment date for Ramdevbaba Solvent IPO is April 19, 2024.
When is the initial refund date of Ramdevbaba Solvent IPO?
The initial Refund date for Ramdevbaba Solvent IPO is April 22, 2024.
When were the shares credited to investors demat accounts for the Ramdevbaba Solvent IPO?
The shares for the Ramdevbaba Solvent IPO were credited to investors demat accounts on April 22, 2024.
When will Ramdevbaba Solvent IPO be listed on the stock market?
Ramdevbaba Solvent IPO stock market will be listed on April 23, 2024 at 10 am.
What was the price range of the Ramdevbaba Solvent IPO shares?
The Ramdevbaba Solvent IPO shares were offered at a price range of ₹80 to ₹85 per share.
What was the lot size for the Ramdevbaba Solvent IPO shares?
The lot size for the Ramdevbaba Solvent IPO shares was 1600 shares.
What was the total issue size of the Ramdevbaba Solvent IPO?
The total issue size of the Ramdevbaba Solvent IPO was ₹50.27 crores.
On which stock exchanges was the Ramdevbaba Solvent IPO listed?
The Ramdevbaba Solvent IPO was listed on the NSE SME.
What is the Ramdevbaba Solvent IPO Subscription Status?
Ramdevbaba Solvent IPO is subscribed 126.21 Times.
