RAMDEVBABA SOLVENT LIMITED
	Corporate Identity Number (CIN): U01112MH2008PLC188449

Our Company was originally incorporated as ‘Ramdevbaba Solvent Private Limited' as a private limited company under Companies Act, 1956, pursuant to a certificate of incorporation dated November 25,2008 issued by the Registrar of Companies, Maharashtra at Mumbai. Thereafter, our Company was converted into a public limited company pursuant to a resolution passed by our shareholders at an extra-ordinary general meeting held on December 12,2023 and a fresh certificate of incorporation dated December 27,2023 was issued by the Registrar of Companies, Maharashtra at Mumbai consequent upon conversion, recording the change in the name of our Company from ‘Ramdevbaba Solvent Private Limited' to ‘Ramdevbaba Solvent Limited'. The Company's Corporate Identity Number is U01112MH2008PLC188449.

OUR 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)

PUBLIC ISSUE OF 59,13,600 EQUITY SHARES OF FACE VALUE Rs. 10 EACH ("EQUITY SHARES") OF RAMDEVBABA SOLVENT LIMITED ("OUR 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. 5,026.56 LAKHS (THE "ISSUE"). 3,13,600 EQUITY SHARES AGGREGATING TO Rs. 266.56 LAKHS 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. 4,760.00 LAKHS 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 OUR COMPANY.

1. Our Equity Shares have never been publicly traded and may experience price and volume fluctuations following the completion of the Issue. Further, our Equity Shares may not result in an active or liquid market and the price of our Equity Shares may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.

2. The Merchant Banker associated with the Issue has handled 01 public issue in the past three years out of which none of the Issues closed below the Issue Price on Listing date.

3. The average cost of acquisition of Equity Shares by our Promoters is as follows:

4. Weighted average cost of acquisition:

* * Acquisition price is 1300 on account of equity shares allotted before split of shares from Rs. 100 per share to Rs. 10 per share and bonus shares allotted in the ratio of two Equity Shares for every one Equity Share held.

This Issue was made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 229 of the SEBI ICDR Regulations and in compliance with Regulation 253 of the SEBI ICDR Regulations, wherein not more than 50% of the Net Issue were available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"), provided that our Company in consultation with the Book Running Lead Manager, allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), of which one-third were reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non] allocation in the Anchor Investor Portion, the balance Equity Shares were added to the Net QIB Portion. Further, 5% of the Net QIB Portion was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion was available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion were added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Net Issue was available for allocation on a proportionate basis to Non-lnstitutional Investors and not less than 35% of the Net Issue was available for allocation to Retail Individual Investors in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts was blocked by the SCSBs or by the Sponsor Bank under the UPI Mechanism, as the case may be, to the extent of respective Bid Amounts. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure" beginning on page 243 of the Prospectus. The Investors are advised to refer to the Prospectus for the full text of the Disclaimer clause pertaining to NSE. For the purposes of the Issue, the Designated Stock Exchange shall be National Stock Exchange of India Limited. The trading is proposed to be commenced on Tuesday April 23, 2024

* Subject to the receipt of lisitng and trading approval from the NSE (NSE Emerge).

The Company received 8 Anchor Investor Application Forms from 8 Anchor Investors (including Nil mutual funds through Nil Mutual Fund schemes) for 2134400 Equity Shares. Out of that 7 Anchor Investors through 7 Anchor Investor Application Forms were allocated 16,80,000 Equity Shares at a price of Rs. 85/- per Equity Share under the Anchor Investor Portion, aggregating to Rs. 142800000.

The Issue (excluding Anchor Investor Portion) received applications for 495384000 Equity Shares (before technical rejections and after invalid bids Multiple/Duplicate) resulting in 128.03 times subscription (including reserved portion of market maker). The Details of the Applications received from various categories (before technical rejection) are as under:

Detail of the Applications Received

A summary of the final demand as per NSE as on the Bid/lssue Closing Date at different Bid Prices is as under:

1) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off Price or at or above the Issue Price of Rs. 85.00 per equity shares, was finalized in consultation with NSE. The category was subscribed by 78.40 times i.e., for 153656000 Equity Shares. Total number of shares allotted in this category is 1960000 Equity Shares to 1225 successful applicants. The category wise details of the Basis of Allotment are as under:

2) Allocation to Non-lnstitutional Investors (After Technical Rejections): The Basis of Allotment to Other than Retail Individual Investors, who have bid at Issue Price of Rs. 85.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 311 times i.e., for 261243200 shares the total number of shares allotted in this category is 840000 Equity Shares to 408 successful applicants.

The category wise details of the Basis of Allotment are as under:

3) Allocation to QIBs excluding Anchor Investors (After Technical Rejections): The Basis of Allotment to QIBs, who have bid at Issue Price of Rs. 85.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 67.39 times i.e., for 75480000 shares the total number of shares allotted in this category is 1120000 Equity Shares to 37 successful applicants.

The category wise details of the Basis of Allotment are as under:

4) Allocation to Anchor Investors (After Technical Rejections & Withdrawal): The Company in consultation with the BRLM has allotted 1680000 Equity Shares to 7 Anchor Investors at Anchor Investor Issue Price of Rs. 85.00 per equity shares in accordance with the SEBI ICDR Regulations.

The category wise details of the Basis of Allotment are as under:

5) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to Market Maker, who have bid at Issue Price of Rs. 85.00 per equity shares or above, was finalized in consultation with NSE. The category was subscribed by 1.00 times i.e., for 313600 shares the total number of shares allotted in this category is 313600 Equity Shares. The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on April 19 ,20 24 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for Issue of the Equity Shares to various successful applicants. The CAN-cum-allotment advices and/or notices will forward to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before April 22,2024. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will process on or prior to April 22,2024. In case the same is not received within ten days, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the NSE Emerge within Three working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated April 19, 2024 ("Prospectus") filed with Registrar of Companies, Mumbai.

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Bid cum Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

	BIGSHARE SERVICES PRIVATE LIMITED
	Office No. S6-2,6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai - 400 093, Maharashtra, India
	Telephone: 022 - 6263 8200
	E-mail: ipo@bigshareonline.com
	Investor Grievance E-mail: investor@bigshareonline.com
	Website: www.bigshareonline.com
	Contact Person: Mr. Babu Rapheal C
	SEBI Registration Number: INR000001385

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF RAMDEVBABA SOLVENT LIMITED

Ramdevbaba Solvent Limited is proposing, subject to market conditions, public Issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Mumbai. The Prospectus is available on the website of SEBI at www.sebi.gov.in , the website of the Book Running Lead Manager at www.choiceindia.com  website of the NSE at www.nseindia.com  and website of Issuer Company at www.ramdevbabasol.com   Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 27 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.