Ramdevbaba Solvent Ltd - IPO

Ramdevbaba Solvent Ltd IPO Details

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

Objective of issue

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.

Ramdevbaba Solvent Ltd Contact Details

Ramdevbaba Solvent Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@rbsl.co.in

Website - www.ramdevbabasol.com