Ramdevbaba Solvent IPO share allotment likely on April 19: Here’s how to check status

Ramdevbaba Solvent Ltd IPO share allotment is expected to be finalised on Friday, April 19, after the rice bran oil manufacturer saw a huge demand for its ₹50.27-crore initial public offer during the subscription period.

The Ramdevbaba Solvent Ltd IPO received a stellar response from public investors with the initial public offer getting booked by more than 126 times at the close of bidding on Thursday, April 18.

Shares of Ramdevbaba Solvent Ltd are tentatively scheduled to be listed on the NSE SME platform on April 23.

As the bidders now await share allotment, the successful applicants will be notified through SMS and emails about the share allocation. The investors can also check the Ramdevbaba Solvent Ltd IPO share allotment status on the official website of NSE and the IPO registrar.

Follow these steps to check Ramdevbaba Solvent Ltd IPO share allotment status.

Ramdevbaba Solvent Ltd IPO share allotment status on NSE

Investors need to register themselves on the official site of NSE before proceeding further. After creating a username and password they can check the allotment status by following easy steps.

• Step 1: Go to NSE website ( https://www.nseindia.com )
• Step 2: Login with username and password
• Step 3: Select Ramdevbaba Solvent Ltd
• Step 4: Verify PAN
• Step 5: Enter IPO application No
• Step 6: Click on Submit

Check Ramdevbaba Solvent IPO share allotment status on the registrar website

Investors can check the allotment status of Ramdevbaba Solvent IPO on the official portal of the registrar, Bigshare Services Pvt Ltd.

• Step 1: Visit the official website of Bigshare Services Pvt Ltd (https://www.bigshareonline.com )
• Step 2: Select any one server
• Step 3: Click on IPO allotment status (www.bigshareonline.com/ipo_Allotment.html)
• Step 4: Choose "Ramdevbaba Solvent Ltd" from the dropdown list
• Step 5: Choose either Application number, Beneficiary ID, or PAN and enter details
• Step 6: Complete the 'captcha' to verify
• Step 7: Click the "Search" button to check your allotment status

Ramdevbaba Solvent Ltd IPO details

Ramdevbaba Solvent Ltd IPO was open for subscription on the NSE SME platform from April 15 to April 18. The IPO price band was fixed at ₹80-85 per share. Ramdevbaba Solvent Ltd IPO comprised a fresh issue of 59.14 lakh shares and no offer for sale component. The minimum lot size was 1600 shares for retail investors. The minimum investment was ₹136000.

At the close of bidding on April 18, Ramdevbaba Solvent Ltd IPO was booked more than 126 times.

According to exchange data, applications for 49.47 crore equity share worth ₹4,205 crore were received against the net issue size of 39.52 lakh equity shares.

Earlier anchor investors were allotted 16.80 lakh equity shares at a price of ₹85 per share, garnering a total of ₹14.28 crore for the company.

Ramdevbaba Solvent IPO objects

Rmadevbaba Solvent has proposed to use IPO proceeds to set up a new manufacturing facility, for the repayment of outstanding dues and loans and funding working capital requirements and general corporate purposes.

The company plans to invest ₹18.81 crore in a new manufacturing facility of corn extraction having a capacity of 300 tons per day in Nagpur, Maharashtra.

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