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IPO

IPO Details


Ramdevbaba Solvent Ltd
Registered Office: Bhaiya Building Anaj Bazar, Itwati, Nagpur - 440002, Maharashtra
Phone: 0712 7968 189
Email: cs@rbsl.co.in
Website: www.ramdevbabasol.com
Public issue of to 59,13,600* equity shares of face value Rs. 10 each ("Equity Shares") of Ramdevbaba Solvent Limited ("The Company" or the "Issuer") for cash at a price of Rs. 85 per equity share (including a securities premium of Rs. 75 per equity share) ("Issue Price"), aggregating to Rs. 50.27 crores (the "Issue"). 3,13,600 equity shares aggregating to Rs. 2.67 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 56,00,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 85 per equity share aggregating to Rs. 47.60 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.73% and 25.31% respectively of the post-issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment
Issue Money Payable On
Opens On Closes On Application Allotment
15-Apr-2024 18-Apr-2024 ₹ 85.00 ₹ 0.00
Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0
(₹)Cr. Lead Managers to the Issue
Project Cost 44.62 Choice Capital Advisors Pvt Ltd
Project Financed through Current Offer 50.27
Post Issue Equity Share Capital 22.13
Issue Price ₹85.00
Projects
Setting up of new manufacturing facility
Repayment in full or in part of its outstanding borrowings
Funding the working capital requirements of the company
General corporate purposes
Promoted By
Prashant Kisanlal Bhaiya
Nilesh Suresh Mohata
Tushar Ramesh Mohata
Listing At
NSE - SME
Registrar to the Issue

INDIAN INDICES

Sensex

82,055.11 158.32 (0.19%)

Nifty

25,044.35 72.45 (0.29%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

24,177.08 487.95(2.06%)