New Delhi, Jul 27 (PTI) Warehousing and liquid terminal solutions provider Repono Ltd has fixed a price band of Rs 91-96 per share for its Rs 26.6 crore initial public offering (IPO), which opens for subscription on Monday.
The IPO, scheduled to close on July 30, comprises a fresh issue of up to 27.79 lakh equity shares. The company’s shares will be listed on the BSE SME platform, Repono said in a statement.
Proceeds from the offering will be deployed for capital expenditure, including the purchase of forklifts, hand pallet trolleys, reach stackers, warehouse racking systems, and development of warehouse management software. A portion of the funds will also go towards meeting working capital requirements and general corporate purposes.
“This IPO represents more than just a capital raise, it is an opportunity to accelerate our growth, enhance operational capabilities, and deepen our presence in key markets. It will enable us to invest in advanced infrastructure, strengthen our technology backbone, and pursue strategic opportunities with greater agility,” said Repono Managing Director Dibyendu Deepak.
Headquartered in Navi Mumbai, Repono provides 360-degree warehousing and liquid terminal solutions for India’s oil and petrochemical sector. The company operates one of the country’s most advanced FFS polymer packaging lines and manages Asia’s largest lube oil plant at IOCL Chennai.
In FY25, Repono reported a revenue of Rs 51.11 crore and a profit after tax of Rs 5.15 crore.
Wealth Mine Networks is the sole book-running lead manager for the IPO, while Cameo Corporate Services Ltd is the registrar.