Ramdevbaba Solvent IPO Begins Today: Check Price Range, Dates and Important Details Before Registering
Ramdevbaba Solvent IPO: The Ramdevbaba Solvent IPO is open for subscription today (April 15). The price range for the IPO is in the range of ₹80 tonnes ₹85 each in face value of ₹10 pieces each and the IPO ends on April 10th. The lot size of the IPO consists of 1,600 shares, with up to 16,80,000 shares allocated to the QIB anchor portion and up to 11,20,000 shares to the qualified institutional net buyers (QIB), up to 8,40,000 shares to the non-institutional investors ( NII), up to 19,60,000 shares to the retail investors (RII) and up to 3,13,600 shares to the market maker.
Ramdevbaba Solvent IPO: Company Details
Ramdevbaba Solvent IPO: The IPO will open for subscription on April 15 and close on April 18. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}}
Ramdevbaba Solvent is engaged in the business of manufacturing, distributing, marketing and selling refined rice bran oil to fast moving consumer goods (FMCG) companies such as Empire Spices and Foods Ltd, Marico Limited and Mother Dairy Fruit & Vegetable Private Limited . The same is done under the exclusive names “Tulsi” and “Sehat” through thirty eight (38) distributors. The company's profit after tax (PAT) increased by 97.25% during March 31, 2022 and March 31, 2023, while revenue increased by 20.35%, it said.
Ramdevbaba Solvent IPO: Details
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The IPO is worth approx ₹50.27 crore and consists of fresh issue of 59,13,600 shares of face value ₹10. The issue does not contain an offer component.
Ramdevbaba Solvent IPO: Objectives of the company
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The net proceeds from the IPO will be used by the company to finance establishment of a new manufacturing facility, full or partial repayment of outstanding debts, financing working capital requirements of the company and general corporate purposes, it said.
Ramdevbaba Solvent IPO: Registrar and Principal Manager of the IPO
The underwriter of the IPO is Choice Capital Advisors Private Ltd while the registrar is Bigshare Services Private Limited.
Ramdevbaba Solvent IPO GMP today
The gray market premium is ₹18, which means that with the price range of ₹85, The estimated stock market price of Ramdevbaba Solvent SME IPO is ₹103, according to investorgain.com.
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News / Business / Ramdevbaba Solvent IPO Begins Today: Check Price Range, Dates and Important Details Before Registering
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