Fixed Price IPO | ₹51 Cr | Listed at NSE SME | Tue, Mar 21, 2017 - Fri, Mar 24, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Mar 21, 2017
IPO Close
Fri, Mar 24, 2017
Issue Price
₹78 per share
Market Cap (Pre-IPO)
₹193.44 Cr
| IPO Date | 21 to 24 Mar, 2017 |
| Listed on | Fri, Mar 31, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 65,71,200 shares (agg. up to ₹51 Cr) |
| Reserved for Market Maker | 3,36,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 44,64,000 shares (agg. up to ₹35 Cr) |
| Offer for Sale | 17,71,200 shares of ₹10 (agg. up to ₹14 Cr) |
| Net Offered to Public | 62,35,200 shares (agg. up to ₹49 Cr) |
| Share Holding Pre Issue | 2,00,00,000 shares |
| Share Holding Post Issue | 2,48,00,000 shares |
| NSE Symbol | EIFFL |
| ISIN | INE546V01010 |
Euro India Fresh Foods IPO comprises a total issue size of 65,71,200 shares. The net offer to the public is 62,35,200 shares, after excluding 3,36,000 shares allotted on a firm basis. Of the Net offer 31,16,800 (49.99%) allocated to NII 31,18,400 (50.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 31,16,800 | 49.99% | 47.43% |
| Retail Shares Offered | 31,18,400 | 50.01% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,36,000 | 5.11% | |
| Total Shares Offered | 65,71,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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.
| 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 | Repayment of certain unsecured borrowings availed by the Company | 17.77 |
| 2 | Working Capital Requirements | 10.00 |
| 3 | General Corporate Purposes | 8.57 |
The Euro India Fresh Foods IPO is subscribed [.] times on March 24, 2017 6:00:00 PM (Day 4). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | [.] | 31,16,800 | 60,11,200 |
| Retail | [.] | 31,18,400 | 3,21,600 |
| Total | [.] | 62,35,200 | 72,51,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.35 |
| 2 | Regulatory fees | 0.15 |
| 3 | Marketing and Other Expenses | 1.00 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹82.40 |
| Low | ₹82.40 |
| High | ₹92.75 |
| Last Trade | ₹89.85 |
Lead Manager Reports
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 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Mar 21, 2017, and closes on Fri, Mar 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 Tue, Mar 21, 2017 and closes on Fri, Mar 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 Fri, Mar 31, 2017.
