| IPO date | 15 Apr 2024 – 18 Apr 2024 |
| Listing date | 23 Apr 2024 |
| Price range | 80 – 84 |
| Minimum order quantity | 1600 | (D)RHP | View |
Ramdevbaba Solvent Limited is launching its IPO. The IPO opens for subscription on 15th April and will close on 18th April 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on the listing.
What does Ramdevbaba Solvent Limited do?
Established on November 25, 2008, Ramdevbaba Solvent Limited specializes in the production and distribution of physically refined rice bran oil, serving FMCG companies such as Mother Dairy Fruit & Vegetable Private Limited, Marico Limited, and Empire Spices and Foods Ltd. The company also markets rice bran oil under its own brands, “Tulsi” and “Sehat,” through a distribution network across Maharashtra.
The company produces de-oiled rice bran (DORB), which is used as feed for fish, poultry, and cattle in numerous Indian states, including Maharashtra, Goa, Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, Karnataka, Kerala, and Tamil Nadu. Additionally, the extraction of rice bran oil yields by-products such as fatty acids, lecithin, and wax, which are sold in the open market. They operate from two facilities in Maharashtra, one in Mahadula and the other in Bramhapuri near Nagpur, maintaining their focus on core agro-industrial operations.
Schedule/Timeline of Ramdevbaba Solvent Limited IPO
| Issue Period | 15th April to 18th April 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | April 19, 2024 |
| Initiation of Refunds | April 22, 2024 |
| Credit of Shares | April 22, 2024 |
| Date of Listing | April 23, 2024 |
| Mandate end date | May 03, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | May 20, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | July 18, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How to apply to the Ramdevbaba Solvent Limited IPO?
You can apply for the Ramdevbaba Solvent Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for the Ramdevbaba Solvent Limited IPO?
You can check the allotment status for the Ramdevbaba Solvent Limited IPO on the website of the Registrar and Transfer agent.