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RDB Rasayans to list shares on October 7
Packaging material manufacturer RDB Rasayans is going to list its equity shares on BSE on Friday, October 7, 2011. It has fixed the issue price at higher end of price band of Rs 72-79 a share.
Packaging material manufacturer RDB Rasayans is going to list its equity shares on BSE on Friday, October 7, 2011. It has fixed the issue price at higher end of price band of Rs 72-79 a share.
The company raised Rs 35.55 crore through the IPO of 45 lakh equity shares, by diluting 25.40% stake.
The issue, which opened during September 21-23, was subscribed 1.45 times, as per data available on NSE website.
The company is engaged in the manufacturing of packaging material such as PP Tape, PP woven sacks, woven fabrics, industrial woven fabric, PP woven fabrics and PP woven bags.
RDB Rasayans proposes to utilize the net proceeds of the issue to finance the capital expenditure to enhance the production facilities of the Company alongwith meeting general corporate purposes.
