Ravikumar Distilleries Ltd IPO : Listing on 27th Dec 2010

by khalid on 23/12/2010 · 1 comment

Ravikumar Distilleries Limited has informed the share market (BSE/NSE) that the shares of its recent IPO will list on 27th Dec 2010. The IPO was open between 8th Dec 2010 to 10th Dec 2010. The price band was Rs 56 to Rs 64 and the Issue Price was fixed at the upper level of price band, Rs 64 per equity share. The company had entered into primary market with an Initial Public Offer (IPO) of Rs Rs. 73.60 Crore. Ravikumar Distilleries Limited is engaged in the business of manufacturing Indian Made Foreign Liquor (IMFL) under its own brand portfolio as well as under tie-up arrangements with other companies. The IMFL comprises of Whisky, Brandy, Rum, Gin and Vodka.

IPO Listing Detail :-
Listing Date: 27th Dec 2010
BSE Scrip Code : 533294
NSE Symbol : RKDL
Listing In : ‘B’ Group of Securities
ISIN : INE722J01012
Issue Price : Rs. 64.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The IPO proceeds would be used to to expansion in the unit by inc. in existing capacity, to part finance the marketing & corporate branding, to part finance incremental working capital request and to part finance the general corporate expenses.

The sole book running lead manager to the issue is Comfort Securities Pvt Limited.

Registrar of the Issue : Karvy Computershare Private Limited, Hyderabad.

Stay tuned to BelltheBull Blog for more news on Ravikumar Distilleries Ltd IPO !

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