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RDB Rasayans IPO to open on Sept 21

Tuesday 20th Sep 2011 1361

Mumbai : Packaging material manufacturer RDB Rasayans is entering capital market with a public issue of 4.5 million equity shares on September 21 and has fixed a price band for the issue at Rs 72-79 per equity share.

The company aims to raise around Rs 32.4-35.55 crore through the issue, which will close on September 23.

The issue would constitute 25.40% of the fully diluted post issue paid up capital of the company, RDB Rasayans said in a statement.

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