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Continental Seeds IPO is a fixed price issue of ₹4.21 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹4.21 crore.
Continental Seeds IPO bidding started from Mar 21, 2018 and ended on Mar 23, 2018. The shares got listed on NSE SME on Apr 4, 2018.
Continental Seeds IPO price is ₹26.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,04,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,08,000.
Navigant Corporate Advisors Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The market maker of the company is Alacrity Securities Ltd..
Refer to Continental Seeds IPO RHP for detailed Information.
| IPO Date | March 21, 2018 to March 23, 2018 |
| Listing Date | April 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,20,000 shares (aggregating up to ₹4.21 Cr) |
| Reserved for Market Maker | 84,000 shares Alacrity Securities Ltd. (aggregating up to ₹0.2184 Cr) |
| Net Offered to Public | 15,36,000 shares (aggregating up to ₹3.99 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 43,81,685 shares |
| Share Holding Post Issue | 60,01,685 shares |
Continental Seeds and Chemicals Ltd IPO offers total 16,20,000 shares. Out of which 7,68,000 (47.41%) allocated to NII, 7,68,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 84,000 (5.19%) |
| NII (HNI) Shares Offered | 7,68,000 (47.41%) |
| Retail Shares Offered | 7,68,000 (47.41%) |
| Total Shares Offered | 16,20,000 (100.00%) |
Continental Seeds IPO opens on March 21, 2018, and closes on March 23, 2018.
| IPO Open Date | Wed, Mar 21, 2018 |
| IPO Close Date | Fri, Mar 23, 2018 |
| Tentative Listing Date | Wed, Apr 4, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 23, 2018 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,04,000 |
| Retail (Max) | 1 | 4,000 | ₹1,04,000 |
| HNI (Min) | 2 | 8,000 | ₹2,08,000 |
Incorporated in 1983, Continental Seeds and Chemicals Limited is a Delhi based company engaged in the business of developing, processing, grading and supplying of all kind of agricultural foundation and certified seeds and trading of Mentha Oil.
Continental Seeds has two processing units at:
i) Ram Raj Road, Bazpur, Distt. Udhamsingh Nagar, Uttrakhand -262401; and
ii) Village- Rahiya, Opp. Roadways work shop on Kanpur Orai Highway, Orai, Distt. Jallaun, U.P.
The total production capacity of company is 7080 MT per annum out of which around 45% is currently used.
The Company has 15 employees in its payroll. It also employs temporary workers on per day wages basis.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,266.44 | 1,220.71 | 921.67 | 543.41 | 506.70 | |
| Total Revenue | 5,824.94 | 5,844.31 | 5,790.33 | 5,493.35 | 96.29 | |
| Profit After Tax | 48.70 | 16.16 | 26.60 | 21.62 | 15.04 | |
The Company Continental Seeds IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To part finance working capital requirements of the Company | 3.02 |
| 2 | General corporate purposes. | 0.74 |
[Dilip Davda] <p>Static performance and full pricing makes this issue a risky bet. Cash surplus risk savvy investors may consider it for long term.</p> Read detail review...
| Listing Date | April 4, 2018 |
| BSE Script Code | |
| NSE Symbol | CONTI |
| ISIN | INE340Z01019 |
| Final Issue Price | ₹26 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹26.00 |
| Low | ₹24.70 |
| High | ₹27.30 |
| Last Trade | ₹25.75 |
Continental Seeds & Chemicals Ltd.
Lower Ground Floor, Plot No. 38
Okhla Phase 3,
South Delhi,
New Delhi, New Delhi, 110020
Phone: +011-40523652
Email: info@continentalseeds.co.in
Website: http://www.continentalseeds.co.in
MAS Services Ltd.
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
Continental Seeds IPO is a SME IPO of 16,20,000 equity shares of the face value of ₹10 aggregating up to ₹4.21 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on March 21, 2018, and closes on March 23, 2018.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Continental Seeds IPO using UPI as a payment gateway. Zerodha customers can apply in Continental Seeds IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Continental Seeds IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Continental Seeds IPO opens on March 21, 2018 and closes on March 23, 2018.
Continental Seeds IPO lot size is 4000, and the minimum amount required for application is ₹1,04,000.
You can apply in Continental Seeds IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Continental Seeds IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Continental Seeds IPO allotment status.
The Continental Seeds IPO listing date is on Wednesday, April 4, 2018.
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