Ravikumar Distilleries Ltd IPO : Settled at 25.08% premium on debut

by khalid on 27/12/2010 · 0 comments

Ravikumar Distilleries Limited shares got debuted at Rs 72.00, a nice 10.96% premium over its initial public offering (IPO) price of Rs 64.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 82.05 which is a premium of 25.08% over the issue price of Rs 64.00. The stock hit a high of Rs. 91.00 and low of Rs. 72.00 on the listing day 27th Dec 2010. A total of 72,966,002 shares changed hands on the NSE. The company would complete expansion plans by June. Gandhi sees FY11 sales at Rs 100 crore and profit after tax at Rs 7-8 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.

Listing day Summary :-
Listing Date: 27th December 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

On the NSE:-
Issue Price: Rs. 64.00
Open : 72.00
High : 91.00
Low : 72.00
Close : 80.05
Last Trade : 80.05

Ravikumar Distilleries Limited has raised Rs 73.60 crore through an initial public offering of 11,500,000 equity shares.

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

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