This IPO is opening from April 15, price band Rs 85, know details – ..

New Delhi: Ramdevbaba Solvent IPO: If you are thinking of betting on IPO then there is good news for you. Another company’s IPO is coming next week. Ramdev Baba Solvent IPO opens for investments on Monday, April 15. Investors can place stakes in the issue till Thursday, April 18. The price band of Ramdev Baba Solvent IPO has been fixed between Rs 80 to Rs 85. The face value of each is Rs 10. The lot size of Ramdev Baba Solvent IPO is 1600 shares.

What are the details?
The size of Ramdevbaba Solvent IPO is Rs 50.27 crore. This includes a fresh issue of 59,13,600 equity shares of face value Rs 10 each. No components for sale. The book running lead manager of the issue is Choice Capital Advisors Pvt. Ltd. BigShare Services Private Limited is the IPO registrar. These shares are currently available in the gray market at a premium of Rs 5. This means that there can be a profit of up to 6 percent on the first day.

company business
The company manufactures, distributes, markets and sells “Rice Bran Oil”, according to its Red Herring Prospectus (RHP). The company manufactures and distributes rice bran oil to fast-moving consumer goods (FMCG) firms including Empire Spices and Foods Ltd, Marico Ltd and Mother Dairy Fruit and Vegetable Pvt Ltd.