Breaking News

You are here » Indian-Commodity  :  IPO  :  Aurangabad Distillery coming with an IPO to raise Rs 7.70 crore

30-Sep2016

Aurangabad Distillery coming with an IPO to raise Rs 7.70 crore

Aurangabad Distillery is coming out with an initial public offering (IPO) of 22,00,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 35 per equity share. The issue will open on September 30, 2016 and will close on October 06, 2016. The shares will be listed on NSE Emerge platform.

The company will use the issue proceeds for repayment/prepayment of secured and unsecured debts, meeting the issue expenses and general corporate purpose. The book running lead manager to the issue is HEM Securities, while the compliance officer for the issue is Sheetal Jagetiya.

Aurangabad Distillery is leading manufacturers of Rectified Spirit, Denatured Spirit and Extra Neutral Alcohol. Apportion of its production of mollasses from sugar factory is used as raw material for manufacture of spirit i.e. Rectified Spirit, Denatured Spirit and Extra Neutral Alcohol which is manufactured by the Continuous Fermentation & Multipressure Vacuum Distillation and also effecting sells of carbon dioxide (CO2) and fusel oil which are produced as by-products during distillation process of Spirit.


Related News

View all news

Spandana Sphoorty gets SEBI's nod for IPO

Spandana Sphoorty Financial has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO consists of fresh issue......

Bharat Hotels gets SEBI's approval for IPO

Bharat Hotels has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). The IPO comprises sale of fresh equity shares......

Chartered Speed files DRHP with SEBI for public issue

Fleet bus operators Chartered Speed has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 273 crore through an Initial......

Top News

View all news

Kridhan Infra's arm bags order worth $36 Million

Kridhan Infra's (KIL) Singapore subsidiary -- KH Foges has bagged a new order in Singapore worth $36 Million (Rs 187 Crore). The subsidiary has been contracted to execute Piling Works & Earthworks......

Bharti Airtel upgrades 4G network in Mumbai

Bharti Airtel has upgraded 4G network in Mumbai, with the deployment of 'LTE 900 technology' that will enhance indoor network coverage and improve network experience for customers.With the roll-out of......

Refex Industries to raise Rs 25 crore via Rights Issue

Refex Industries has received approval to raise of funds by way of offer and issue of Equity Shares to the Members of the Company on Rights Issue at such price and rights entitlement ratio for an amount......