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Open
30 Sep to 6 Oct, 2016
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Close
30 Sep to 6 Oct, 2016
3
Allotment
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Listing
Mon, Oct 17, 2016
Price Band
₹35 per share
Issue Size
22,00,000 shares (agg. up to ₹8 Cr)
Lot Size
4,000 Shares
Listing Date
Mon, Oct 17, 2016
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 9.01x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/prepayment of secured and unsecured loan | 5.90 |
| 2 | Public Issue Expenses | 0.40 |
| 3 | General Corporate Purposes | 1.40 |
About Aurangabad Distillery IPO
Incorporated in 2000, Aurangabad Distillery Limited (ADL) is engaged in the business of manufacturing and selling rectified spirit, denatured spirit, and extra-neutral alcohol. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.They also offer extra neutral alcohol, absolute alcohol, or fuel alcohol from molasses. The manufacturing process of Rectified Spirit, Denatured Spirit and Extra Neutral Alcohol is based on the modern technology of Continuous Fermentation and multi pressure vacuum distillation and molasses from sugar factory is used as raw material for manufacture of Spirit. Visit chittorgarh.com for more detail.Company also sells carbon dioxide (CO2) and fusel oil which are produced as by-products during distillation process of Spirit. Additionally their company produces electricity through turbine which is captive consumed in distillation process and reduces the dependency on purchased electricity. The majority of the spirit which contains 95% alcohol by nature and also used to manufacture alcohol by the process of rectification is used by chemical and pharmaceutical industries.+ Read More
Contact Details
Aurangabad Distillery Ltd. Address560 Preeti Apartment1st Floor, 18th RoadKhar WestMumbai, Maharashtra, 400052info@aurangabaddistillery.comVisit Website