The IPO will be closed on July 30 and the shares of the company will be mentioned on the SME platform of the BSE, Repono Ltd said in a statement.
The initial share sales are a new issue of a maximum of 27.79 LAKH shares. The proceeds from the IPO are used for capital expenditures for the purchase of forklift trucks, hand pallet trolleys, scope, setting up warehouse racking systems, development of warehouse management software and working capital requirements.
Funds will also be used for general business purposes.
“This IPO represents more than just a capital increase, it is an opportunity to accelerate our growth, improve operational capacities and to delve into important markets.
“It will enable us to invest in advanced infrastructure, to strengthen our technological backbone and to pursue strategic opportunities with more agility,” said Repono’s director Dbyendu Deepak. Repono, is a specialized service provider that offers 360-degree warehousing and liquid terminal solutions for the India oil and petrochemical sector. The company established in Navi-Mumbai operates the most advanced FFS polymer packaging lines in the country and supervises the largest lubricating oil factory in Asia (IOCL, Chennai).
In FY25 the company reported a turnover of RS 51.11 Crore and a profit after tax on RS 5.15 Crore.
Wealth Mine Networks is the only bookstore head manager and Cameo Corporate Services LTD is the registrar for the IPO.
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