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Incorporated in 2010, R & B Denims Ltd is engaged in denim textile production and marketing. Company's products include open end/ ring spun yarns, slub yarns, multi count, cottons and polyester spandex. They come as Indigo dyed, Sulphur Dyed, Indigo bottom Sulphur toppings and Sulphur bottom and Indigo toppings, with both foam and wet finishes.
These are the main products manufactured under the umbrella of “R & B Denims”, along with others fancy yarn play in weft patterns in different weave designs. All of these, in various chemical and mechanical finishes. R & B Denims has a production capacity of more than 20 million meters per annum.
The Objects of the Issue are as follows:
1. To reduce overall indebtedness of the Company by partial repayment of the outstanding Term Loan from Bank of India.
2. To Meet the Issue Expenses.
| R & B Denims IPO Date | Mar 28, 2014 to Apr 4, 2014 |
| R & B Denims IPO Face Value | ₹10 per share |
| R & B Denims IPO Price | ₹10 per share |
| R & B Denims IPO Lot Size | 10000 Shares |
| Issue Size | 3,710,000 shares of ₹10 (aggregating up to ₹3.71 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Company Promoters | The promoters of the company are: 1. Mr Rajkumar Borana |
The R & B Denims IPO lot size is 10000 shares. A retail-individual investor can apply for up to 2 lots (20000 shares or ₹200,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 10000 | ₹100,000 |
| Maximum | 2 | 20000 | ₹200,000 |
The issue that has entry barrier as well is not worth for average investors.
Read detail review...
R & B Denims IPO Recommendation by Members R & B Denims IPO Recommendations Details | Post Recommendation | Manage Recommendations
| Subscribe | Neutral | Avoid |
|---|---|---|
| 0 | 0 | 0 |
No Record Found.
| Listing Date | Tuesday, April 22, 2014 |
| BSE Script Code | 538119 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE012Q01013 |
| IPO Price | ₹10 per share |
| Face Value | ₹10 per share |
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R & B Denims Ltd
Block No. 467,
Sachin Palsana Road,
Palsana, Surat-394315, Gujarat.
Phone: +91-9601281648
Email: compliance@rnbdenims.com
Website: http://www.rnbdenims.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
R & B Denims IPO is a SME IPO of 3,710,000 equity shares of the face value of ₹10 aggregating up to ₹3.71 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000 Shares.
The IPO opens on Mar 28, 2014, and closes on Apr 4, 2014.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The R & B Denims IPO opens on Mar 28, 2014 and closes on Apr 4, 2014.
R & B Denims IPO lot size is 10000 Shares and the minimum order quantity is .
You can apply in R & B Denims IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for R & B Denims IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the R & B Denims IPO allotment status.
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