Business EconomyPosted at: Apr 11 2024 9:49PM


Ramdevbaba Solvent Limited IPO opens on April 15

Nagpur, Apr 11 (UNI) Nagpur headquartered Ramdevbaba Solvent Limited - a manufacturer and distributor of physically refined Rice Bran Oil - on Thursday announced plans to go public with an Initial Public Offering on April 15.
The company aims to raise Rs 50.27 crores at the upper price band through this IPO, with shares set to be listed on the NSE Emerge.
The issue size is Up to 59,13,600 equity shares at a face value of ₹ 10 each, according to a press release.
The net proceeds from the IPO will be utilised to Set up new manufacturing facility, repayment in full or in part, certain outstanding borrowings, funding the working capital requirements and general corporate expenses.
The bidding for the anchor portion will open on April 12. The issue will open on April 15 and close on April 18, , said the release.
The Book Running Lead Manager to the Issue is Choice Capital Advisors Private Limited. The Registrar to the Issue is Bigshare Services Private Limited, the release added. UNI SP SSP.
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