Ravi Kumar Distilleries IPO to hit markets on December 8, 2010

The Initial Public Offering (IPO) of Ravi Kumar Distilleries Limited will open for subscription by investors on December 8, 2010.

The company is coming out with Public Issue of 115,00,000 Equity Shares Of Rs. 10 Each for cash at a price band of Rs 56 to Rs 64 through 100% book building process.

The Minimum Order Quantity is 100 Equity Shares and in multiples of 100 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

The Rating Agency CARE Limited has assigned IPO Grading of IPO Grade 2.

Comfort Securities Pvt Ltd is the Book Running Lead Manager and Syndicate Member to the issue. Karvy Computershare Private Limited is the registrar to the company. The IPO closes for subscription on December 10, 2010.

Source : Equity Bulls

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