Ravikumar Distilleries IPO Latest News Today

IPO Listing Detail

Listing Date: Monday, December 27, 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

Ravikumar Distilleries Ltd IPO allotment status is now available online.

Ravikumar Distilleries IPO was open on Dec 08, 2010 and closed on Dec 10, 2010. IPO of Ravikumar Distilleries was oversubscribed by 2.22 times (3.01 times in retail).

Ravikumar Distilleries Ltd IPO subscribed 0.33 times on its day 1. Ravikumar Distilleries IPO opens today on Dec 08, 2010 and will close on Dec 10, 2010 for subscription. Ravikumar Distilleries has received bids for 37,57,700 shares as against issue size of 1,15,00,000 shares.

Oversubscription detail for Day 1

Qualified Institutional Buyers (QIBs): 0.00 Times

Non Institutional Investors: 0.97 Times

Retail Individual Investors (RIIs): 0.52 Times

Total: 0.33 Times

Ravikumar Distilleries Ltd (RKDL) is entering in the capital markets with an initial public offering, IPO of 11,500,000 Equity Shares of Rs. 10 each. The price band for the issue has been fixed at Rs 56/- at lower level and Rs 64/- at upper level.

Ravikumar Distilleries Ltd (RKDL) is in the business of manufacturing of Indian Made Foreign Liquors (IMFL) products. Company markets its brands mainly in the south Indian region covering states of Karnataka, Andhra Pradesh, Tamil Nadu and the Union territory of Pondicherry.

The issue opens on Dec 08, 2010, and closes for subscription on Dec 10, 2010. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE).