Incorporated in 2000, Aurangabad Distillery Limited (ADL) is engaged in the business of manufactures and sells 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 offers 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.
The promoters of the company are:
1. Amardeepsingh Triloksingh Seth
2. Dharampal Kima Tram Kalani
3. Kanyalal Kima Tram Kalani
4. Jagjitkaur Amardeepsingh Sethi
The object of the issue are to:
1. Repayment/prepayment of secured & unsecured loan;
2. General corporate purpose.
| IPO Date | Sep 30, 2016 - Oct 6, 2016 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 2,200,000 Eq Shares of ₹10 (aggregating up to ₹7.70 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹35 Per Equity Share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹140,000 |
| Maximum | 1 | 4000 | ₹140,000 |
| Listing Date | Monday, October 17, 2016 |
| BSE Script Code | |
| NSE Symbol | AURDIS |
| Listing In | |
| ISIN | INE448V01019 |
| IPO Price | ₹35 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
Aurangabad Distillery Limited
560 Preeti Apartment,
1st Floor, 18th Road,
Khar West, Mumbai - 400052
Phone:
Email: info@aurangabaddistillery.com
Website: http://www.aurangabaddistillery.com
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Aurangabad Distillery IPO is a SME IPO of 2,200,000 equity shares of the face value of ₹10 aggregating up to ₹7.70 Crores.
The issue price of the IPO is ₹35 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on Sep 30, 2016 and closes on Oct 6, 2016.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Aurangabad Distillery IPO opens on Sep 30, 2016 and closes on Oct 6, 2016.
Aurangabad Distillery IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Aurangabad Distillery IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Aurangabad Distillery IPO allotment status.
Aurangabad Distillery IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
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