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
Overall Subscription
126.29x
Total Demand
QIB Multiplier
65.95x
Institutions & Funds
NII / HNI
314.84x
High Net-Worth
Retail (RII)
79.96x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 1,120,000 | 73,862,400 | 65.95x |
| NIB | 840,000 | 264,464,000 | 314.84x |
| RETAIL | 1,960,000 | 156,729,600 | 79.96x |
| Total | 3,920,000 | 495,056,000 | 126.29x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 1,294 | 103,468 | 79.96x |
| HNIs (10L +) | 8 | 2,519 | 314.84x |
| HNIs (2-10L) | 40 | 12,594 | 314.84x |
| Total Applications | 1,342 | 118,581 | 88.36x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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 is Ramdevbaba Solvent Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Ramdevbaba Solvent Limited IPO is ₹9 per equity share. Based on the upper price band of ₹80 to ₹85 per equity share, the estimated listing price is ₹94 (+10.6% expected listing gain).
What is the expected profit per lot for Ramdevbaba Solvent Limited IPO?
With a lot size of 1600 shares and current GMP of ₹9, the expected profit per application lot is approx ₹14,400 (+10.6% gain). Minimum application cost is approx ₹1,36,000.
What is the issue size and price band for Ramdevbaba Solvent Limited IPO?
The Ramdevbaba Solvent Limited IPO aggregate issue size is ₹50.27 Crores with an equity price band set at ₹80 to ₹85 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,36,000.
How can I check Ramdevbaba Solvent Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 126.29x (Retail: 79.96x, QIB: 65.95x, NII: 314.84x). You can track live multiples directly on our dedicated subscription page.
Where and when will Ramdevbaba Solvent Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2024-04-19. Investors can verify status using PAN card or application number.
When is the listing date for Ramdevbaba Solvent Limited IPO?
Ramdevbaba Solvent Limited shares are scheduled to list on NSE on 2024-04-23.