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Ramdevbaba Solvent Ltd
Ramdevbaba Solvent Ltd
Registered Office : Bhaiya Building Anaj Bazar,Itwati,Nagpur Maharashtra 440002 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
Opens On
Closes On
15-Apr-2024
18-Apr-2024
Application
Allotment
85.00
0.00
Minimum Application for shares in Nos : 1600.0 Further Multiples of : 1600.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
44.62
50.27
22.13
85.00
Choice Capital Advisors Pvt Ltd
- 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
- Prashant Kisanlal Bhaiya
- Nilesh Suresh Mohata
- Tushar Ramesh Mohata
- NSE - SME
- Bigshare Services Pvt Ltd