RDB Rasayans’ Initial Public Offering (IPO) was subscribed 1.32 times till 1600 hrs on final day of the issue. As per the data available with the NSE, total bid of 5927760 shares were received for the issue of 4500000 shares, 4796720 bids were received at the cut-off price.
The company had set a price band of Rs 72 to Rs 79 (face value Rs 10 per share). Chartered Capital and Investment is the sole Book Running Lead Manager and Link Intime India is the registrar to issue.
The company intends to utilize the issue proceeds to finance the capital expenditure to enhance the manufacturing capacity by 7450 MTPA by establishing the Unit -II and to meet general corporate purpose.
RDB Rasayans is an ISO 9001:2008 certified organization. The company is engaged in manufacture and sale of FIBC (Jumbo Bags) and Woven Sacks and various woven polymer based products like Container Liners, Protective irrigation system, Canal Liners, etc. RDB Rasayans’ manufacturing facility is located at 126 Basudevpur, Haldia -721 602, Dist. Purba Medinipur, West Bengal.
| Company Name | CMP |
|---|---|
| Supreme Industries | 3705.80 |
| Astral | 1612.85 |
| Finolex Inds | 174.70 |
| Nilkamal | 1320.05 |
| Jain Irrigation Sys | 33.05 |
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