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Category :
IPO
Headline :
Ramdevbaba Solvent announces launch of initial public offering
Date:
05/04/2024 19:00
Ramdevbaba Solvent Ltd. has announced public offering of 5913600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 75.00 per share. The gross proceeds of the issue are expected to be Rs 5,026.56 lakhs.
The company's initial public offer (IPO) will open on 15 April 2024 and is expected to close on 18 April 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 80.00-85.00 per share.
The IPO includes a fresh Issue of 5913600 Equity Shares of the Company at an price of Rs 85.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.
Ramdevbaba Solvent Ltd. anticipates using the proceeds of the issue for .
Choice Capital Advisors Pvt. Ltd. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.
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