Petroleum products warehousing services provider Repono will launch its initial public offering (IPO) on July 28, with price band of Rs 91-96 per share.
The company plans to raise Rs 26.68 crore via entirely fresh issue of 27.29 lakh shares at the upper price band.
The IPO will close on July 30, followed by the IPO share allotment finalisation on July 31. The trading in Repono shares will commence on the BSE SME effective August 4.
Repono provides storage solutions for critical petroleum products, serving some of the top oil and petrochemical companies in India. It also provides consultancy, engineering, operation and maintenance (O&M) and value-added logistics services.
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The company intends to utilise IPO proceeds for purchase of forklift, hand pallet trolley, reach stacker, and working capital requirements. Further, the funds will be used for setting up of warehouse racking system, and development of software for warehouse management.
Repono that competes with Aarvi Encon, Aegis Logistics, and TVS Supply Chain Solutions has recorded profit of Rs 5.1 crore for fiscal year 2025, growing 23.11 percent from Rs 4.2 crore in the previous year. Revenue during FY25 increased by 50.3 percent to Rs 51.1 crore, from Rs 34 crore in the same period.
Wealth Mine Networks is acting as the merchant banker for the Repono IPO.
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