Ravikumar Distilleries Ltd IPO : Opening on 8th Dec 2010

by khalid on 01/12/2010 · 0 comments

Puducherry based liquor maker Ravi Kumar Distilleries is entering into primary market with an Initial Public Offer (IPO) of 11,500,000 Equity Shares of Rs 10 each. The IPO is opening on 8th Dec 2010 and the shares will be available for subscription up to 10th Dec 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs. 56 – Rs. 64 Per Equity Share. 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.

The objects of the IPO are 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 equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 8th Dec 2010 – 10th Dec 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 11,500,000 Equity Shares of Rs 10 each
Issue Size : Rs. 64.40 – 73.60 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 56 – Rs. 64 Per Equity Share
Market Lot : 10 Shares
Minimum Bid Quantity : 10 Shares
Listing At : BSE, NSE

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 on Ravikumar Distilleries Ltd IPO !

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