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Ramdevbaba Solvent IPO is a Book Building IPO listing on NSE EMERGE exchange. The company is based in Nagpur and caters to FMCG sector. Choice Capital Advisors is the merchant banker of Ramdevbaba Solvent IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th December 2023.
Ramdevbaba Solvent IPO open date is 15th April 2024 and close date is 18th April 2024. IPO Allotment Date is 19th April 2024 and Listing date is 23rd April 2024.
IPO
Size:
₹ 50.27 Cr.
Avg IPO Size (Sector Based)
: ₹
19.66 cr.
Sector: FMCG
SME
IPO so far:
20
Merchant Banker:
Choice Capital
SME
IPO by BRLM so far:
8
City:
Nagpur
SME
IPO so far:
17
Revenue (annualised):
₹
620.92
cr. 
PE
Ratio:
17.02x
Average Sector PE Ratio: 16.84x
Ramdevbaba Solvent IPO size is ₹ 50.27 Cr. with IPO price of ₹ 85.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Choice Capital Advisors Private Limited is the book-running lead manager of the Ramdevbaba Solvent IPO. Bigshare Services Private Limited is the Registrar and Market Maker is Choice Equity Broking Private Limited for Ramdevbaba Solvent IPO.
Ramdevbaba Solvent IPO anchor investors are the below investors. The number of anchor investors in this IPO is 7.
| Anchor Investor Name | No. of shares Allotted | Offer Price (in ₹.) | Amount Invested (in ₹.) |
|---|---|---|---|
| Kingsman Wealth Fund | 118,400.00 | ₹ 85.00 | ₹ 10,064,000.00 |
| Nakshatra Stressed Assets | 240,000.00 | ₹ 85.00 | ₹ 20,400,000.00 |
| StepTrade Revolution Fund | 236,800.00 | ₹ 85.00 | ₹ 20,128,000.00 |
| Rajasthan Global Securities | 236,800.00 | ₹ 85.00 | ₹ 20,128,000.00 |
| Moneywise Financial Services | 137,600.00 | ₹ 85.00 | ₹ 11,696,000.00 |
| Milky Investment & | 236,800.00 | ₹ 85.00 | ₹ 20,128,000.00 |
| Minerva Emerging Opportunities | 473,600.00 | ₹ 85.00 | ₹ 40,256,000.00 |
Ramdevbaba Solvent IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Ramdevbaba Solvent IPO, based in Nagpur, operates in the FMCG sector with a focus on marketing and sale of rice bran oil to FMCG companies. The company is launching its SME IPO on the NSE EMERGE exchange, using the Book Building Issue method. Ramdevbaba Solvent IPO size is ₹ 50.27 Cr. with fresh issue size of ₹ 50.27 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Ramdevbaba Solvent IPO is expected to be 19th April 2024, after the finalization of basis of allotment. Investors can check Ramdevbaba Solvent IPO allotment status on the registrars website, Bigshare Services Private Limited. Ramdevbaba Solvent IPO refund dates are 22nd April 2024.
Ramdevbaba Solvent IPO is expected to be listed on 23rd April 2024.
The upper price band for the Ramdevbaba Solvent IPO is set at ₹ 85.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Ramdevbaba Solvent IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Ramdevbaba Solvent IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 18th April 2024. After submission, funds are blocked until the basis of allotment of Ramdevbaba Solvent IPO is finalised.
The merchant banker for Ramdevbaba Solvent IPO is Choice Capital Advisors Private Limited . Choice Capital Advisors Private Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Ramdevbaba Solvent IPO RHP for further details.
The registrar for Ramdevbaba Solvent IPO is Bigshare Services Private Limited. Investors can go to Bigshare Services Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Ramdevbaba Solvent IPO through their official website or helpline.
Ramdevbaba Solvent IPO was subscribed 126.21 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 50.27 Cr.
Avg IPO Size (Sector Based)
:
₹ 19.66 Cr.
Sector: FMCG
SME
IPO so far:
20
Merchant Banker:
Choice Capital
SME
IPO by BRLM so far:
8
City:
Nagpur
SME
IPO so far:
17
Revenue (annualised):
₹ 618.12 cr.
PE
Ratio:
17.02x
Average Sector PE Ratio: 16.84x
Ramdevbaba Solvent IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Ramdevbaba Solvent Financial Review Page
Merchant Banker(s) of Ramdevbaba Solvent IPO: Choice Capital Advisors Private Limited
Ramdevbaba Solvent IPO subscription was 126.21 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Ramdevbaba Solvent IPO listed at a listing price of 117.60 against the offer price of 85.00.
The current market price of Ramdevbaba Solvent is 101.30.
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