IPO IPO-Synopsis
Ramdevbaba Solvent Ltd

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Registered Office: Bhaiya Building Anaj Bazar,Itwati , Nagpur - 440002 , Maharashtra , India.
Phone : 0712 7968 189   Fax:
Email :  cs@rbsl.co.in  
Website :  www.ramdevbabasol.com
Public issue of to 59,13,600* equity shares of face value Rs10 each ("Equity Shares") of Ramdevbaba Solvent Limited ("The Company" or the "Issuer") for cash at a price of Rs85 per equity share (including a securities premium of Rs75 per equity share) ("Issue Price"), aggregating to Rs50.27 crores (the "Issue"). 3,13,600 equity shares aggregating to Rs2.67 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. issue of 56,00,000 equity shares of face value of Rs10 each at an issue price of Rs85 per equity share aggregating to Rs47.60 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.73% and 25.31% respectively of the post-issue paid-up equity share capital of the company. *Subject to finalization of basis of allotment

Issue Money Payable On
Opens On Closes On Application Allotment
15-Apr-24 18-Apr-24 Rs85.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  Rs Cr Lead Managers to the Issue
Project Cost 44.62
Choice Capital Advisors Pvt Ltd
Project Financed through Current Offer 50.27  
Post Issue Equity Share Capital 22.13  
Issue Price Rs85.00  
Projects
Setting up of new manufacturing facilityFunding the working capital requirements of the company
Repayment in full or in part of its outstanding borrowingsGeneral corporate purposes
Promoted By
Prashant Kisanlal Bhaiya
Nilesh Suresh Mohata
Tushar Ramesh Mohata
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd