Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Wed, Mar 21, 2018 - Fri, Mar 23, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 21, 2018
IPO Close
Fri, Mar 23, 2018
Issue Price
₹26 per share
Market Cap (Pre-IPO)
₹15.60 Cr
| IPO Date | 21 to 23 Mar, 2018 |
| Listed on | Wed, Apr 4, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 16,20,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 84,000 shares Alacrity Securities Ltd. (agg. up to ₹0.2184 Cr) |
| Fresh Issue (Ex Market Maker) | 15,36,000 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 15,36,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 43,81,685 shares |
| Share Holding Post Issue | 60,01,685 shares |
| NSE Symbol | CONTI |
| ISIN | INE340Z01019 |
Continental Seeds IPO comprises a total issue size of 16,20,000 shares. The net offer to the public is 15,36,000 shares, after excluding 84,000 shares allotted on a firm basis. Of the Net offer 7,68,000 (50.00%) allocated to NII 7,68,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,68,000 | 50.00% | 47.41% |
| Retail Shares Offered | 7,68,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 84,000 | 5.19% | |
| Total Shares Offered | 16,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance working capital requirements of the Company | 3.02 |
| 2 | General corporate purposes. | 0.74 |
The Continental Seeds and Chemicals Ltd IPO is subscribed 1.46 times on March 23, 2018 5:00:00 PM (Day 3). The public issue subscribed 2.36 times in the retail category, [.] times in the QIB category, and 0.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.56 | 7,68,000 | 4,32,000 |
| Retail | 2.36 | 7,68,000 | 18,16,000 |
| Total | 1.46 | 15,36,000 | 22,48,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees, Underwriting Fees selling commissions, brokerages, Payment to other intermediaries such as Legal Advisors, Registrars etc. | 0.25 |
| 2 | Market Making Fees for three years | 0.10 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement & Marketing Expenses | 0.02 |
| 5 | Regulatory & other expenses | 0.03 |
| 6 | Miscellaneous Expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹26.00 |
| Low | ₹24.70 |
| High | ₹27.30 |
| Last Trade | ₹25.75 |
Lead Manager Reports
Continental Seeds IPO is a SME IPO of 16,20,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Mar 21, 2018, and closes on Fri, Mar 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 Wed, Mar 21, 2018 and closes on Fri, Mar 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 Wed, Apr 4, 2018.
