IPO SYNOPSIS

Ramdevbaba Solvent Ltd
Registered Office:
Bhaiya Building Anaj Bazar,Itwati,
Nagpur - 440002,
Maharashtra, India.
Email :  cs@rbsl.co.in
Public issue of to 59,13,600* equity shares of face value (₹) 10 each ("Equity Shares") of Ramdevbaba Solvent Limited ("The Company" or the "Issuer") for cash at a price of (₹) 85 per equity share (including a securities premium of (₹) 75 per equity share) ("Issue Price"), aggregating to (₹) 50.27 crores (the "Issue"). 3,13,600 equity shares aggregating to (₹) 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 (₹) 10 each at an issue price of (₹) 85 per equity share aggregating to (₹) 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
50.27
 
Post Issue
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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