Bookbuilding IPO | ₹74 Cr | Listed at BSE, NSE | Wed, Dec 8, 2010 - Fri, Dec 10, 2010
Ravikumar Distilleries IPO is a book build issue of ₹73.60 crores. The issue is entirely a fresh issue of 1.15 crore shares of ₹73.60 crore.
Ravikumar Distilleries IPO bidding started from Dec 8, 2010 and ended on Dec 10, 2010. The shares got listed on BSE, NSE on Dec 27, 2010.
Ravikumar Distilleries IPO price band is set at ₹64 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹6,400 (100 shares) (based on upper price). The lot size investment for sNII is 32 lots (3,200 shares), amounting to ₹2,04,800, and for bNII, it is 157 lots (15,700 shares), amounting to ₹10,04,800.
Comfort Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Ravikumar Distilleries IPO RHP for detailed Information.
IPO Open
Wed, Dec 8, 2010
IPO Close
Fri, Dec 10, 2010
Issue Price
₹64 per share
Market Cap (Pre-IPO)
₹153.60 Cr
| IPO Date | 8 to 10 Dec, 2010 |
| Listed on | Mon, Dec 27, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹56 to ₹64 |
| Issue Price | ₹64 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,15,00,000 shares (agg. up to ₹74 Cr) |
| Fresh Issue | 1,15,00,000 shares (agg. up to ₹74 Cr) |
| Share Holding Pre Issue | 1,25,00,000 shares |
| Share Holding Post Issue | 2,40,00,000 shares |
| BSE Script Code / NSE Symbol | 533294 / RKDL |
| ISIN | INE722J01012 |
Ravikumar Distilleries IPO comprises a total issue size of 1,15,00,000 shares. Out of which, 57,50,000 (50.00%) are allocated to QIB, 17,25,000 (15.00%) allocated to NII 40,25,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 57,50,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 17,25,000 | 15.00% | NA |
| Retail Shares Offered | 40,25,000 | 35.00% | 40,250 |
| Total Shares Offered | 1,15,00,000 | 100.00% |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,400 |
| Retail (Max) | 31 | 3,100 | ₹1,98,400 |
| S-HNI (Min) | 32 | 3,200 | ₹2,04,800 |
| S-HNI (Max) | 156 | 15,600 | ₹9,98,400 |
| B-HNI (Min) | 157 | 15,700 | ₹10,04,800 |
Incorported in 1993, 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 company's mother plant is located in Puducherry. The Factory has a capacity to produce 1.43 million cases per annum. RKDL has also entered into tie-ups with CGEVF France for production of Brandy and with JBB (Greater Europe) Plc for the production of Scotch Whisky. RKDL is also having tie-up arrangement with various leading liquors companies of India like Radico Khatian Ltd., Shashi Distilleries Pvt. Ltd., John Distilleries Ltd., Gemini Distilleries (Pondy) Pvt. Ltd.and Mondovi Distilleries & Breweries Pvt. Ltd.
Company's popular brands are 8 PM Rare Whisky, White field Brandy, Radico Gold VSOP Brand, 8PM Excellency Brandy, Brihans Grape VSOP Brand, 8PM Bermuda Rum, Old Admiral VSOP Brandy, Contessa XXX Rum, Royal Gold Cup Whisky, Chairman Brandy, Magic Brandy, Original Choice Deluxe Brandy, Original Choice Deluxe Whisky, Mysore Lancer Whisky, Black Jack Whisky, Majestic Fine Brandy, Bombay Grape Brandy and Mens Choice Fine Whisky.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Expansion in the unit by increase in existing capacity and installation of Re-distillation plant | 11.22 |
| 2 | To part –finance the marketing and corporate branding expenses | 3.00 |
| 3 | To part-finance incremental working capital requirements | 33.97 |
| 4 | To part –finance the general corporate Expenses | 21.91 |
| 5 | To meet the expenses of the Issue | 3.50 |
| KPI | |
|---|---|
| RoNW | 13.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 52.08% |
| Market Cap | ₹153.60 Cr. |
The Ravikumar Distilleries IPO is subscribed 2.22 times on December 10, 2010 5:00:00 PM (Day 3). The public issue subscribed 3.01 times in the retail category, 0.15 times in the QIB category, and 7.31 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.15 | 57,50,000 | |
| NII | 7.31 | 17,25,000 | |
| Retail | 3.01 | 40,25,000 | |
| Total | 2.22 | 1,15,00,000 |
CARE Limited has assigned an IPO Grade 2 to Ravikumar Distilleries Ltd IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CARE IPO Grading Document for Ravikumar Distilleries Ltd.
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| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹64.00 | ₹64.00 |
| Open | ₹64.00 | ₹72.00 |
| Low | ₹64.00 | ₹72.00 |
| High | ₹90.30 | ₹91.00 |
| Last Trade | ₹80.05 | ₹80.05 |
Lead Manager Reports
Ravikumar Distilleries IPO is a main-board IPO of 1,15,00,000 equity shares of the face value of ₹10 aggregating up to ₹74 Crores. The issue is priced at ₹64 per share. The minimum order quantity is 100.
The IPO opens on Wed, Dec 8, 2010, and closes on Fri, Dec 10, 2010.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Ravikumar Distilleries IPO using UPI as a payment gateway. Zerodha customers can apply in Ravikumar Distilleries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ravikumar Distilleries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ravikumar Distilleries IPO opens on Wed, Dec 8, 2010 and closes on Fri, Dec 10, 2010.
Ravikumar Distilleries IPO lot size is 100, and the minimum amount required for application is ₹6,400.
You can apply in Ravikumar Distilleries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ravikumar Distilleries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ravikumar Distilleries IPO allotment status.
The Ravikumar Distilleries IPO listing date is on Mon, Dec 27, 2010.
