The Urban development and Infrastructure consultant Rudrabhishek Enterprises Limited (REPL) has raised Rs 18.73 crore through its Initial Public Offering (IPO) and got listed at National Stock Exchange (NSE).
REPL, in its stock market launch, issued 45,69,000 shares at price band Rs 41.00 each. The issue, which opened on 29 June 2018, closed on 5th July, having been fully subscribed. The shares got listed on Friday 13 July 2018, on the Emerge platform of the NSE.
As per statement of the CMD of REPL, the Company has raised Rs 18.73 crore from the IPO. Promoters have diluted 26% stake in the company through the IPO. The IPO funds will help the company further expand its footprint across new infrastructure domains and new geographies.