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Monday, December 27, 2010

Ravi Kumar Distilleries closes listing day with 25% premium

Ravi Kumar Distilleries Ltd., which listed on the exchanges today on Monday, December 27, 2010, opened on the BSE at its Issue Price of Rs.64/- per share and went on to touch Rs.90.30 as its Intra-day High, before closing at Rs.80.05 on the Listing Day, at a premium of about 25.08% over its Issue Price

Ravikumar Distilleries IPO had received a mixed response from the investors. While the IPO managed to gather good response from HNI and Retail Category, the subscription from the QIB Category was not so keen. The company is engaged in the business of manufacturing of Indian Made Foreign Liquors (IMFL) products
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