Manufacturer of IMFL, Ravi Kumar Distilleries entering share market with an IPO of 115,00,000 equity shares with a price band at Rs 56 – 64 per equity share.
Pondicherry based Ravi Kumar Distilleries aiming to raise 70 crores through this IPO.
Ravi Kumar Distilleries 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 & Vodka.
Raised funds will be used for expansion in unit by increase in existing capacity and installation of re-distillation plant. Part of raised funds will be used for marketing and corporate branding.
TO subscribe the IPO of Ravi Kumar Distilleries, visit us at www.sharemarketindia.co.in
