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graph-market IPO

Ramdevbaba Solvent Ltd

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 Rs. 10 each ("Equity Shares") of Ramdevbaba Solvent Limited ("The Company" or the "Issuer") for cash at a price of Rs. 85 per equity share (including a securities premium of Rs. 75 per equity share) ("Issue Price"), aggregating to Rs. 50.27 crores (the "Issue"). 3,13,600 equity shares aggregating to Rs. 2.67 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 Rs. 10 each at an issue price of Rs. 85 per equity share aggregating to Rs. 47.60 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 85.00-0.00 0.00-0.00
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 85.00  

Projects

  • Setting up of new manufacturing facility
  • Repayment in full or in part of its outstanding borrowings
  • Funding the working capital requirements of the company
  • General corporate purposes

Promoted By

Prashant Kisanlal Bhaiya

Nilesh Suresh Mohata

Tushar Ramesh Mohata

Listing At

NSE - SME

Registrar to the Issue

No Data Available

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