How To Check Ramdevbaba Solvent IPO Allotment Status

The subscription window for Ramdevbaba Solvent IPO commenced on April 15 and concluded on April 18. The IPO was priced in the range of ₹80 to ₹85 per share, having a face value of ₹10, with a lot size of 1,600 shares. The Ramdevbaba Solvent IPO allotment status is set to be finalised today.

If you applied for the IPO, here is how you can check the Ramdevbaba IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Ramdevbaba IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Ramdevbaba Solvent " from the dropdown menu.
  3. Enter your PAN, application number, or Demat.
  4. Enter Captcha and click ‘Search' to retrieve your Ramdevbaba Solvent IPO allotment status.

The Ramdevbaba Solvent IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.

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Ramdevbaba Solvent IPO Subscription

The subscription status for Ramdevbaba Solvent IPO stood at 126.21 times on the third day of the subscription period. The retail segment saw a subscription of 79.96 times, while the NII segment was oversubscribed at 314.46 times. The QIB category witnessed a subscription of 65.95 times.

The company garnered bids for 49,47,42,400 shares against the total of 39,52,000 shares offered.

Ramdevbaba Solvent IPO GMP

Currently, the Ramdevbaba Solvent IPO GMP is reported at ₹20. Based on the upper end of the IPO price band, the shares are expected to list at ₹105, indicating a premium of 23% on the listing. However, it's important to note that while GMPs can provide some insight into market sentiment, they should not be considered as the sole indicator of a stock's performance upon listing.

Ramdevbaba Solvent IPO Details

The IPO, valued at approximately ₹50.27 crore, comprises a fresh issue of 59,13,600 equity shares with a face value of ₹10.

The proceeds from the IPO are planned to be utilized for various corporate purposes, including general corporate objectives, working capital requirements, the establishment of a new manufacturing facility, and either full or partial repayment of certain existing debts.

Ramdevbaba Solvent primarily engages in the production, distribution, marketing, and sale of physically refined rice bran oil. The company supplies this oil to prominent fast-moving consumer goods (FMCG) firms including Mother Dairy Fruit & Vegetable Private Limited, Empire Spices and Foods Ltd, and Marico Limited.

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