Check the Most Recent GMP and Listing Date for Ramdevbaba Solvent IPO Allotment Today
Ramdevbaba Solvent IPO: Investors responded well to Ramdevbaba Solvent Ltd.’s Rs 50.27-crore SME IPO, which ended on April 18. Bids were received for 49,47,42,400 shares, out of the 39,20,000 shares that were offered. The IPO got 126.21 subscriptions. On Friday, April 19, in the evening, the share allocation will be finalized. You may verify the progress by visiting the Bigshare Services webpage, which is the registrar.
The Ramdevbaba Solvent initial public offering (IPO) had a set price of Rs 80–Rs 85 per share when it opened for public subscription on April 15.
314.46 subscriptions were made in the non-institutional investor category, while 79.96 subscriptions were made in the retail individual investor (RII) section. A subscription of 65.95 times was obtained by the QIB category.
The shares of the Ramdevbaba Solvent IPO will be launched on NSE SME on April 23 once the share allocation is finalized on April 19.
How To Verify The Allotment Status For The Ramdevbaba Solvent IPO?
By entering your PAN, Application Number, or DP Client ID, you may check the progress of the Ramdevbaba Solvent IPO allocation by using the direct Link Intime site at https://www.bigshareonline.com/ipo_Allotment.html.
IPO GMP for Ramdevbaba Solvent Today
Market watchers report that unlisted shares of Ramdevbaba Solvent Ltd. are selling on the grey market for Rs 20 more than the company’s issue price. The grey market is anticipating a 23.53 percent listing gain from the public offering, as indicated by the Rs 20 grey market premium, or GMP. The GMP is dynamic and dependent on market mood.
The willingness of investors to pay above the issue price is shown by the “grey market premium.”
Details of the Ramdevbaba Solvent IPO
The book-built Rs 50.27 crore Ramdevbaba Solvent IPO is a completely new offering of 59.14 lakh shares.
A share’s IPO price range of Rs 80 to Rs 85 has been determined. A minimum of 1,600 shares is required for an application lot size. Retail investors are needed to invest a minimum of Rs 1,36,000. For HNIs, the minimum lot size investment is two lots (3,200 shares), or Rs 2,72,000.
The registrar of the Ramdevbaba Solvent IPO is Bigshare Services Pvt Ltd, while the book-running lead manager is Choice Capital Advisors Pvt Ltd. Choice Equity Broking is the market maker for the Ramdevbaba Solvent IPO.
Physically refined rice bran oil is produced and distributed by Ramdevbaba Solvent Limited, which was founded in 2008. The firm produces, sells, and distributes rice bran oil to fast-moving consumer goods (FMCG) businesses such Empire Spices and Foods Ltd., Marico Limited, and Mother Dairy Fruit & Vegetable Private Limited. Additionally, the company produces, distributes, and sells rice bran oil under the names “Tulsi” and “Sehat” under the supervision of 38 distributors, who then supply different Maharashtra shops.
For the fiscal year 2022-2023, it had a 20.35 percent increase in revenue and a 97.25 percent increase in profit after tax (PAT).
