Ravikumar Distilleries Ltd announced its Initial public offering open on December 08, and would continue to be open for subscription till December 10 “RKDL” raise nearly 74 crore- through the initial public offer issue and provide 11 500 000 Equity Shares, The price band of the ipo issue 56-64.

The company is in the business of production of Indian Made Foreign Liquors (IMFL) items. Firm markets its products mostly in the southern Indian region covering states of Andhra Pradesh, Karnataka, Tamil Nadu as well as the Union territory of Pondicherry.

The firm’s mother plant is situated in Puducherry. The plant has a capability to produce 1.43 mln cases every year. Ravikumar Distilleries has additionally came into tie ups with CGEVF France for manufacturing of Brandy and with JBB Plc for the manufacturing of Scotch Whisky. company is also keeping tie up agreement with some other major liquors firms of India such as Shashi Distilleries Ltd., Radico Khatian Ltd., Gemini Distilleries (Pondy), John Distilleries Ltd.and Mondovi Distilleries & Breweries Ltd.

Face Value; Rs.10
IPO Size; 11,500,000 Equity Shares
Minimum Order Qty: 100
Market Lot: 100
Issue Type is 100%  Book Building

IPO Analyst View About RKDL

RKDL ipo price is high and it is not a good price for subscrip and it is chance for down up to 47 level (only over view not a recommendations by vm venkatesh)

Conduct details

Address: No 1 – C Nandit Apartments, 47 Thirumalai Pillai Rd. T Nagar, Chennai – 600017, Tamil Nadu, India
Phone number; 044-28344434 Fax detail;. 044-28341301
Email address; cs@ravikumardistilleries.com
Website Url; http://www.ravikumardistilleries.com

Comfort Securities Ltd are the Book Running Lead Managers for the IPOs of  Ravikumar Distilleries Ltd.

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