Ravi Kumar Distilleries surges on debut

Settles at Rs 80.05 on BSE

Shares of Ravi Kumar Distilleries settled at Rs 80.05 on BSE, a 25.07% premium over the initial public offer price of Rs 64. The stock debuted at Rs 64, at par to the initial public offer (IPO) price. The scrip hit a high of Rs 90.30 and low of Rs 64. The counter clocked volume of 4.43 crore shares.

Ravi Kumar Distilleries

Ravi Kumar Distilleries, promoted by Mr. R. V. Ravikumar, is engaged in the business of manufacturing Indian Made Foreign Liquor (IMFL) under its own brand portfolio. The IMFL comprises of Whisky, Brandy, Rum, Gin & Vodka. In addition to manufacturing and marketing of its own liquor products, it also has tie-up arrangement with various leading liquor 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 for manufacturing and marketing of their popular brands.