The Ramdevbaba Solvent IPO subscription status started on April 15, 2024, and QIB, NII, and RII are also subscribing to it. The Ramdevbaba Solvent IPO began on April 15, 2024, and will end on April 18, 2024. Ramdevbaba Solvent IPO is preparing to raise ₹50.27 crores through its fresh issue and the Ramdevbaba Solvent IPO price band is fixed at ₹80 to ₹85 per share. You Can check Ramdevbaba Solvent IPO GMP here.
Ramdevbaba Solvent Limited business of manufacturing, distribution, marketing, and selling of Physically Refined Rice Bran Oil (“Rice Bran Oil”). The company manufactures and sells Rice Bran Oil to FMCG companies like Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. The company also manufactures, markets, and sells Rice Bran Oil under our brands “Tulsi” and “Sehat” through thirty-eight (38) distributors who in turn sell to various retailers across Maharashtra.
Ramdevbaba Solvent IPO reserved shares in this IPO, 50% for QIB 15% for NII, and 35% for the retail category have been reserved. To know the Ramdevbaba Solvent IPO Subscription Status, you can see the below-day Subscription.
Ramdevbaba Solvent IPO Review :
Show Review…….
- ■ The company is primarily in rice bran oil and related products manufacturing.
- ■ The company now venturing into ethanol blending via its subsidiary..
- ■ The company Based on FY23/FY24 earnings, the issue appears fully priced.
- ■ The company PE ratio is very attractive.
- ■ The price band is attractive on this valuation, so I think apply for long time.
Ramdevbaba Solvent IPO Subscription Status {Live Update} :
The total Ramdevbaba Solvent IPO Subscription Status subscribed 126.21x times so far, with QIB subscribed 65.95x and NII subscribed 314.46x times & RII 79.96x times on Day 3. (Closed)
| Category | Day 1 | Day 2 | Day 3 |
| QIB : | 0.0x | 0.02x | 65.95x |
| NII : | 8.18x | 14.69x | 314.46x |
| RII : | 5.80x | 13.74x | 79.96x |
| Total : | 4.68x | 10.06x | 126.21x |
Ramdevbaba Solvent IPO Net Shares Offered:
Ramdevbaba Solvent IPO is a public issue of 5,913,600 equity shares. The issue offers 11,20,000 shares to qualified institutional buyers, 8,40,000 shares to non-institutional investors, and 19,60,000 shares to retail investors.
| Category | Reservation | Shares | Amount Cr |
| Anchor : | 28.41% | 16,80,000 | ₹14.28 |
| QIB : | 18.94% | 11,20,000 | ₹9.52 |
| NII : | 14.20% | 8,40,000 | ₹7.14 |
| RII : | 33.14% | 19,60,000 | ₹16.66 |
| MMRP : | 5.30% | 313,600 | ₹2.67 |
| Total : | 100% | 5,913,600 | ₹50.27 |
Investor Categories Define :
■ Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds, insurance companies, and pension schemes.
■ Non-Institutional Investors(NII): Retail Individual Investors, NRIs, Companies, Trusts, etc
● sNII (bids below Rs 10L): The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category.
● bNII (bids above Rs 10L): The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory.
■ Retail Individual Investors (RII): Retail Individual Investors or NRIs
■ Employee (EMP): Eligible Employees
■ Others: Eligible Shareholders
Ramdevbaba Solvent IPO Subscription Status FAQs :
How much is the total Ramdevbaba Solvent IPO Subscription Status?
The total Ramdevbaba Solvent IPO Subscription Status is 126.21x times Day 3.
What is the Ramdevbaba Solvent IPO retail subscription Status?
Ramdevbaba Solvent IPO Retail Subscription 79.96x times Day 3.
What is the Ramdevbaba Solvent IPO QIB subscription Status?
The Ramdevbaba Solvent IPO QIB subscription is 65.95x times Day 3.
What is the Ramdevbaba Solvent IPO NII subscription status?
Ramdevbaba Solvent IPO NII Subscription 314.46x times Day 3.
When is the Ramdevbaba Solvent IPO Allotment Date?
Ramdevbaba Solvent IPO allotment date is April 19, 2024
When is Ramdevbaba Solvent IPO Listing Date?
Ramdevbaba Solvent IPO listing date is April 23, 2024. The IPO is to be listed on NSE, SME.
How to Apply the Ramdevbaba Solvent IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Ramdevbaba Solvent IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Ramdevbaba Solvent IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Ramdevbaba Solvent IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Ramdevbaba Solvent IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Ramdevbaba Solvent IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Ramdevbaba Solvent IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “Ramdevbaba Solvent IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Ramdevbaba Solvent IPO GMP: Click Here Ramdevbaba Solvent IPO Details: Click Here Ramdevbaba Solvent IPO Allotment: Click Here Ramdevbaba Solvent IPO Listing: Click Here |
All Ramdevbaba Solvent IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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