Ramdevbaba Solvent Limited
Promoters PRASHANT KISANLAL BHAIYA · NILESH SURESH MOHATA · TUSHAR RAMESH MOHATA · AAYUSH PRASHANT BHAIYA · PRASHANT KISAHNLAL BHAIYA (HUF) · MOHATA NILESH SURESH (HUF) · KISHANLAL PRASHANT (HUF) · PRASHANT & AYUSH (HUF) · PRASHANT PRATEEK (HUF)
Against an issue price of ₹85. Split- and bonus-adjusted official closes — a past move, never a forecast.
Ramdevbaba Solvent Limited raised ₹46 crore through a SME-platform initial public offer.
The filing places it in Agricultural Food & other Products and names nine promoters: PRASHANT KISANLAL BHAIYA, NILESH SURESH MOHATA, TUSHAR RAMESH MOHATA, AAYUSH PRASHANT BHAIYA, PRASHANT KISAHNLAL BHAIYA (HUF), MOHATA NILESH SURESH (HUF), KISHANLAL PRASHANT (HUF), PRASHANT & AYUSH (HUF) and PRASHANT PRATEEK (HUF).
The book was open from 15 April 2024 to 18 April 2024.
The issue was priced at ₹85 a share, from a band of ₹80 to ₹85.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
The shares listed on 23 April 2024.
The last official close on file is ₹82.50 (30 September 2026), which is 2.9% below the issue price.
It now trades as RBS, and its filed financials are on its company page.
Shares sold in the issue at ₹85 last closed at ₹82.5.
See RBS’s filed financials and price history →Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.
- How it was priced
- Book-built — the price was discovered inside a band from the bids received
- Listing sought at
- NSE
- Registered office
- Eastern India
- Company website
- www.ramdevbabasol.com
- Registrar
- Bigshare Services Pvt Limited
- Lead manager
- Choice Capital Advisors Pvt Limited
- Bidding opens15 Apr 2024
- Bidding closes18 Apr 2024
- Basis of allotmentnot published
Not published in the exchange feeds we ingest — we do not estimate it.
- Listing23 Apr 2024
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.
We have not extracted an anchor allotment list for this issue.
- All other pre-issue capitalSEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment23 Oct 2024already free
- Promoters' minimum contributionSEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment23 Oct 2025already free
Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.
Every offer document must set out the reasoning behind its own price: what the company earned in the years before it came to market, and what multiple of those earnings it is asking for. This is that chapter — the issuer’s argument for its price, not our assessment of it.
Weighted-average return on net worth over the same years: 7.07%.
Figures as printed in the offer document's "Basis for Offer Price" chapter. A record of the case the issuer made for its own price, not our valuation of it.
Everything we extracted from this issue's offer document is the pricing justification rather than the restated statements — it is shown under how the offer was priced. The restated financial statements themselves have not been extracted for this issue.
We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.
The offer document must name the listed companies the issuer considers comparable, and print their valuation figures beside its own. This is that list — the issuer’s choice of comparison, not ours.
| Company | P/E | P/B | RoNW | EPS | Income |
|---|---|---|---|---|---|
| Bcl Industries Limited | 21.2 | — | 15.2% | 2.75 | ₹1,81,833 cr |
| Gokul Refoils and Solvent Limited | 14.4 | — | 7.6% | 2.44 | ₹3,13,657 cr |
| Gujarat Ambuja Exports Limited | 11.0 | — | 14.5% | 14.40 | ₹4,90,899 cr |
| Kriti Nutrients Limited | 22.3 | — | 11.7% | 4.15 | ₹78,687 cr |
| Shri Venkatesh Refineries Limitednot in our universe | 5.5 | — | 24.1% | 12.96 | ₹62,912 cr |
The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.
Figures as PRINTED by the issuer in its own offer document. The comparison set is the issuer's choice, not ours.
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Choice Capital Advisors Private Limited 2023 – 2026 | 13 2 measurable | +46.9% | — | 1 of 1 | — |
| Firm | Issues | Typical listing move | Below issue @30d | @90d | @180d |
|---|---|---|---|---|---|
Bigshare Services Private Limited 2021 – 2026 | 218 18 measurable | +31.4% | 4 of 14 | 5 of 8 | 3 of 6 |
A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.
- Prospectus· PDF · exchange archive22 Apr 2024
- Red herring prospectus (RHP)· PDF · exchange archive4 Apr 2024
- Draft red herring prospectus (DRHP)· ZIP · exchange archive29 Dec 2023
- In-principle approval (XBRL)· XML · exchange archive
Filed with SEBI and the exchanges by the issuer. These are the source for every figure on this page.
Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.