Ramdevbaba Solvent News Today

Sensex Today | Stock Market LIVE Updates: Bharti Airtel, HCL Technologies, SBI Life Insurance, Dr Reddys Labs and Wipro were among major gainers on the Nifty, while losers were Nestle India, Power Grid, Eicher Motors, M&M and Reliance Industries.

Ramdevbaba Solvent debuts with 31.8% premium on NSE SME platform. IPO oversubscribed 100 times. Proceeds for new facility, debt repayment. Manufacturer of rice bran oil serving FMCG companies like Marico, Mother Dairy with diverse product range.

The market may consolidate further with focus on the March FY24 quarter earnings, advance estimates for quarterly US GDP and Middle East tensions, in the coming week.

Last week saw the opening of Vodafone Idea follow-on public offerings aiming to raise over ₹18,000 crore. The mainboard segment will witness the opening of JNK India IPO for subscription in the coming week to raise around ₹649 crore.

The SME segment will remain busy with four companies making its market debut this week. Faalcon Concepts, Green Hi-Tech Ventures, Grill Splendour Services and Ramdevbaba Solvent will list on the SME platform this week.

Next weeks primary market features the mainboard IPO of JNK India and three SME public offers. Despite a slow start to the fiscal year, analysts are optimistic about upcoming public issues, citing increased domestic capital, improved governance, Indian entrepreneurship, and supportive government policies. Additionally, four listings are anticipated, including Greenhitech Ventures, Grill Splendour Services, Ramdevbaba Solvent, and Faalcon Concepts.

Unlisted shares of Ramdevbaba Solvent Ltd are trading Rs 20 higher in the grey market, expecting a 23.53 per cent listing gain from the public issue, Ramdevbaba Solvent IPO Allotment Today: Check Latest GMP, Listing Date

Samsung debuts a new storage variant, 8GB+128GB, of the Samsung Galaxy F15 5G in India priced at ₹15999.

The net proceeds from the public offer of Ramdevbaba Solvent will be used to set up a manufacturing facility, for repayment of debt, funding working capital requirements and other general corporate purposes. Grill Splendour Services public offer was subscribed 8 times so far

Ramdevbaba Solvent, and Grill Splendour Services, both will finalise the basis of allotment of IPO shares by April 19, while their equity shares will be credited to demat accounts of eligible investors by April 22.