Ramdevbaba Solvent Limited
ListedSMEEmerging SME Services · NSE
Ramdevbaba Solvent Limited, started in 2008, makes and supplies physically refined rice bran oil. They sell their rice bran oil to big FMCG companies like Mother Dairy, Marico, and Empire Spices and Foods. The company also sells its oil under its own brands, Tulsi and Sehat, which are available at various retail stores through a network of 38 distributors across Maharashtra. Along with rice bran oil, they also produce de-oiled rice bran (DORB)—a by-product used as feed for livestock, poultry, and fish. This is sold in several states like Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. They also sell other by-products like fatty acids, lecithin, gum, spent soil, and wax in the open market. The company has two production units—one in Mahadula and another in Bramhapuri near Nagpur, Maharashtra.
Price Band
₹80 – ₹85
Issue Size
₹50.27 Cr
Lot Size
1600 shares
GMP
₹9
+10.6%
Est. Listing
₹94
at current GMP
Subscribed
126.29x
overall
Open
15 Apr 2024
Close
18 Apr 2024
Allotment
19 Apr 2024
Refund
20 Apr 2024
Demat Credit
21 Apr 2024
Listing
23 Apr 2024
Last updated 12 days ago
Official Registrar Verification
Ramdevbaba Solvent Limited Allotment Status
Designated Registrar: Bigshare Services Private Limited
Allotment Date
19 Apr 2024
Basis finalization
Refunds Initiate
20 Apr 2024
Mandate release
Demat Credit
21 Apr 2024
Shares in demat
Listing Debut
23 Apr 2024
Trading begins
How to Check Ramdevbaba Solvent Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Bigshare Services Private Limited's allotment portal.
- Select Ramdevbaba Solvent Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Ramdevbaba Solvent Limited Public Issue & Market Profile
Ramdevbaba Solvent Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹50.27 Crores. The shares are offered at a price band of ₹80 to ₹85 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Public Issue & Allotment Procedure:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Official Allotment Timelines & Registrar Guidance:
Following the close of bidding on 2024-04-18, the basis of allotment is scheduled to be finalized on 2024-04-19. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.