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Repro India said that its board will meet on 17 August 2023, to discuss and approve a range of fundraising options.
The company is exploring options like Qualified Institutions Placement (QIP), American Depository Receipts (ADRs), Global Depository Receipts (GDRs), and preferential allotment.
However, the final decision will be subject to the approval of the company's shareholders and the receipt of necessary governmental, regulatory, and statutory approvals.
Repro India is engaged in printing of magazines and other periodicals, books and brochures, maps, atlases, posters, etc. The company's services include physical book distribution, print on demand, offset printing and digital services.
On a consolidated basis, net profit of Repro India rose 1688.24% to Rs 3.04 crore on 13.34% increase in net sales to Rs 119.53 crore in Q1 June 2023 over Q1 June 2022.
Shares of Repro India surged 5% to Rs 779.60 on 10 August 2023.
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