Raj Oil Mills Ltd, a company engaged in the business of crushing and oil filtration, has decided to go public with an initial public offering (IPO) of 95 lakh equity shares of Rs. 10 each.

The price Band of the issue has been fixed between Rs.100 and Rs.120 per share, which will open on July 20 and will close on July 23.

The proceeds from the proposed Issue are expected to be deployed for brand promotion, expansion of Marketing & Distribution network, for setting up various Research and Development facilities at Maharashtra, Rajasthan.

In addition, the margin money for working capital requirement and Issue Expenses will also be met out of Issue proceeds.

The Equity Shares of the Company are proposed to be listed on BSE and NSE.

The Book Running Lead Manager is Karvy Investor Services Limited, and the Co-Book Running Lead Managers are India Capital Markets Private Limited and PL Capital Markets Private Limited.