Ramdevbaba Solvent Ltd

Opens On Closes On
15-Apr-24 18-Apr-24
Money Payable On
Application Allotment
85.00 0.00

Minimum Application for shares in Nos : 1600 Further Multiples of : 1600

Lead Managers to the Issue
Project Cost (₹.Cr) 44.62 Choice Capital Advisors Pvt Ltd
Project Financed through Current Offer (₹.Cr) 50.27  
Post Issue Equity Share Capital (₹.Cr) 22.13
Issue Price (₹) 85.00

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
Registrar to the Issue
No Data Available
  • Registered Office: Bhaiya Building Anaj Bazar,Itwati, Nagpur - 440002, Maharashtra, India. Phone : 0712 7968 189   Fax:
  • Email : cs@rbsl.co.in
  • Website :www.ramdevbabasol.com
Public issue of to 59,13,600* equity shares of face value Rs. 10 each ("Equity Shares") of Ramdevbaba Solvent Limited ("The Company" or the "Issuer") for cash at a price of Rs. 85 per equity share (including a securities premium of Rs. 75 per equity share) ("Issue Price"), aggregating to Rs. 50.27 crores (the "Issue"). 3,13,600 equity shares aggregating to Rs. 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 Rs. 10 each at an issue price of Rs. 85 per equity share aggregating to Rs. 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