Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Euro India Fresh Foods IPO is a fixed price issue of ₹51.26 crores. The issue is a combination of fresh issue of 0.48 crore shares aggregating to ₹37.44 crores and offer for sale of 0.18 crore shares aggregating to ₹13.82 crores.
Euro India Fresh Foods IPO bidding started from Mar 21, 2017 and ended on Mar 24, 2017. The shares got listed on NSE SME on Mar 31, 2017.
Euro India Fresh Foods IPO price is ₹78.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,24,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,49,600.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Euro India Fresh Foods IPO RHP for detailed Information.
| IPO Date | March 21, 2017 to March 24, 2017 |
| Listing Date | March 31, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 65,71,200 shares (aggregating up to ₹51.26 Cr) |
| Reserved for Market Maker | 3,36,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹2.62 Cr) |
| Fresh Issue (Ex Market Maker) | 44,64,000 shares (aggregating up to ₹34.82 Cr) |
| Offer for Sale | 17,71,200 shares of ₹10 (aggregating up to ₹13.82 Cr) |
| Net Offered to Public | 62,35,200 shares (aggregating up to ₹48.63 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,00,00,000 shares |
| Share Holding Post Issue | 2,48,00,000 shares |
Euro India Fresh Foods IPO offers total 65,71,200 shares. Out of which 31,16,800 (47.43%) allocated to NII, 31,18,400 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,36,000 (5.11%) |
| NII (HNI) Shares Offered | 31,16,800 (47.43%) |
| Retail Shares Offered | 31,18,400 (47.46%) |
| Total Shares Offered | 65,71,200 (100.00%) |
Euro India Fresh Foods IPO opens on March 21, 2017, and closes on March 24, 2017.
| IPO Open Date | Tue, Mar 21, 2017 |
| IPO Close Date | Fri, Mar 24, 2017 |
| Tentative Listing Date | Fri, Mar 31, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 24, 2017 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,24,800 |
| Retail (Max) | 1 | 1,600 | ₹1,24,800 |
| HNI (Min) | 2 | 3,200 | ₹2,49,600 |
Incorporated in 2009, Euro India Fresh Foods Ltd is an Indian based supplier and manufacturer of ready to eat products, chips, extruder, namkeen, snacks and juices. The product ranges from a wide variety of flavoured chips to beverages. Some of their products include, Euro Chips, Euro Namkeens, Euro Getmore, Euro Wheels, packaged drinking water Euro Spa, Euro’s mango drink Fresho and lemon based drink Euro Lemoni.
EIFF is a well known Gujarat based company sell their products under its brand “Euro – Fresh Khao Healthy Raho”. While it manufactures chips, getmore (a variety of extruder snacks) and packaged drinking water, other products are manufactures by its group entities on their behalf. Namkeens are manufactured by both the parties. EIFF’s products comply with requisite food safety standards including ISO and FSSAI norms. For distribution channel it has 5 consignee depots, 93 super stockists and over 2800 distributors. So far it has covered 10 states in India and is in the process of setting up of its distribution network in Goa and Chhattisgarh.
The Company Euro India Fresh Foods 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 | Repayment of certain unsecured borrowings availed by the Company | 17.77 |
| 2 | Working Capital Requirements | 10.00 |
| 3 | General Corporate Purposes | 8.57 |
[Dilip Davda] Based on stagnant working and negative net worth, one may give it a miss. Read detail review...
| Listing Date | March 31, 2017 |
| BSE Script Code | |
| NSE Symbol | EIFFL |
| ISIN | INE546V01010 |
| Final Issue Price | ₹78 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹82.40 |
| Low | ₹82.40 |
| High | ₹92.75 |
| Last Trade | ₹89.85 |
Euro India Fresh Foods Ltd.
Plot No. A-22/1,
G.I.D.C. ,
Ichhapore
Surat, Gujarat, 394510
Phone: +91 261 2913021/41
Email: investor@euroindiafoods.com
Website: http://euroindiafoods.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Euro India Fresh Foods IPO is a SME IPO of 65,71,200 equity shares of the face value of ₹10 aggregating up to ₹51.26 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on March 21, 2017, and closes on March 24, 2017.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Euro India Fresh Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Euro India Fresh Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Euro India Fresh Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Euro India Fresh Foods IPO opens on March 21, 2017 and closes on March 24, 2017.
Euro India Fresh Foods IPO lot size is 1600, and the minimum amount required for application is ₹1,24,800.
You can apply in Euro India Fresh Foods 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 Euro India Fresh Foods IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Euro India Fresh Foods IPO allotment status.
The Euro India Fresh Foods IPO listing date is on Friday, March 31, 2017.
Useful Articles
RHP