Ramdevbaba Solvent IPO: Ramdevbaba Solvent IPO started taking investments on April 15. Many people are interested in investing in it.
So far, lots of people have applied for it. On the second day, it was subscribed almost 9 times.
The part for regular people like you and me was subscribed 12 times, and the part for big investors was subscribed 13 times.
On the first day, it was subscribed almost 5 times. You can still invest in this IPO until Thursday, April 18.
The price for each share in the IPO is between ₹80 to ₹85, and the starting value of each share is ₹10. You need to buy at least 1,600 shares in one go.
What’s happening with GMP?
InvestorGain.com says that in the gray market, the price for Ramdevbaba Solvent shares is ₹27 more than the IPO price.
This means when the shares start trading officially, they might be worth ₹112 each. That’s about 32% higher than the IPO price.
The company’s shares might start trading on April 23. The main company managing the IPO is Choice Capital Advisors Pvt. Ltd., and the registrar is BigShare Services Pvt. Ltd.
About the company
According to its Red Herring Prospectus (RHP), the company makes, sells, and markets rice bran oil.
They supply this oil to big companies like Mother Dairy Fruit and Vegetable Pvt Ltd, Empire Spices and Foods Ltd, and Marico Ltd.
They also sell their own rice bran oil under the brands “Tulsi” and “Sehat” through 38 distributors.
