
Emerging 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
+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: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹85
Band: ₹80 – ₹85
Estimated Listing Price
₹94
Upper price + GMP
Lot Size
1600 shares
Min investment ₹1,36,000
Estimated Profit / Lot
₹14,400
1600 × ₹9
Grey Market Premium trend
+₹9
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹9 | 10.6% | ₹94 |
| 30 Oct 2026 | +₹9 | 10.6% | ₹94 |
| 29 Oct 2026 | +₹8 | 9.5% | ₹93 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for Ramdevbaba Solvent Limited IPO is ₹9, which indicates an expected listing price of ₹94.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.