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Ramdevbaba Solvent IPO: Day One Sees 4.67x Oversubscription!

The Ramdevbaba Solvent Limited IPO garnered a remarkable 4.67 times subscription on its debut day, showcasing strong investor enthusiasm and confidence in the company's promising future.
Teerth Gopicon की NSE SME पर शानदार शुरुआत: IPO मूल्य से 12.6% प्रीमियम पर सूचीबद्ध हुआ
Teerth Gopicon की NSE SME पर शानदार शुरुआत: IPO मूल्य से 12.6% प्रीमियम पर सूचीबद्ध हुआ

Ramdevbaba Solvent Limited’s IPO attracted an astounding 4.67 times subscription on its debut. By April 15, 2024, the retail category saw an oversubscription of 5.78 times, while the QIB category remained unsubscribed, and the NII category reached an impressive 8.17 times subscription.

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How To Check Ramdevbaba Solvent Limited IPO Subscription Status? 

Steps to check the IPO allotment status on NSE

Following are the steps to check it through the NSE website

  • Visit NSE‘s official website.
  • Navigate to the ‘Market Data’ tab.
  • Choose ‘IPO’.
  • Select the Ramdevbaba Solvent Limited IPO to check its subscription status.
  • Opt for either NSE Bid details or Consolidated Bid details.
  • Explore the total number of bids received from various investors. 

Ramdevbaba Solvent’s IPO Subscription Status 

Ramdevbaba Solvent’s IPO subscription period commenced on Monday, April 15, 2024, and will conclude on April 18, 2024. The company aims to raise approximately ₹50.27 crores through this IPO. The allocation for retail investors stands at 35%, while Qualified Institutional Buyers (QIBs) are allotted 50%, and Non-Institutional Investors (NIIs) 15%. The price range for each equity share is set between ₹80 to ₹85.

Ramdevbaba Solvent  IPO Listing Date

Ramdevbaba Solvent  IPO Listing Date is April 23, 2024.

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