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HomeSTOCKSRs 80 New IPO; Nearly 13 Times Already Subscribed IPO; 32% Listing...

Rs 80 New IPO; Nearly 13 Times Already Subscribed IPO; 32% Listing Gain Chance

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Ramdevbaba Solvent Ltd IPO: Ramdevbaba Solvent Ltd IPO was opened for investment on 15 April. This issue is getting tremendous response from investors. 

Ramdevbaba Solvent Ltd IPO has been subscribed 8.99 times on Day 2. The retail portion of the program has been booked 12.34 times. The NII portion has been reserved 13.02 times. 

Let us tell you that Ramdevbaba Solvent Ltd IPO was subscribed 4.68 times on the first day. Investors can place bets on this issue till Thursday, April 18. 

The price for Ramdevbaba Solvent Ltd IPO has been fixed at ₹80 to ₹85 per share. Its face value is ₹10. The lot size of Ramdevbaba Solvent Ltd IPO is 1,600 shares.

What’s Going On GMP?

According to data, Ramdevbaba Solvent Ltd’s share price is trading at a premium of ₹27 in the gray market. That means the possible listing price of Ramdevbaba Solvent Ltd shares could be ₹112 per share. 

This is 31.76% more than the IPO price of ₹85. The listing of the company’s shares may take place on April 23. 

We would like to let you know that the lead manager for book-running for the book is called Choice Capital Advisors. Ltd. The registrar of the IPO is BigShare Services Pvt. Ltd.

Information About The Business

Based on their Red Herring Prospectus (RHP) The company’s business is of distribution, production marketing, and sales of the oil extracted from the rice bran.

The company produces and supplies rice bran oil for rapidly-moving consumption goods (FMCG) companies like Mother Dairy Fruit and Vegetable Pvt Ltd, Empire Spices and Foods Ltd as well as Marico Ltd.

In addition, the company manufactures and sells Rice bran oils under “Tulsi” and “Sehat” trademarks, through 38 distributors.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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