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Kaveri Seed IPO is a book build issue of ₹68.04 crores. The issue is entirely a fresh issue of 0.40 crore shares of ₹68.04 crore.
Kaveri Seed IPO bidding started from Sep 6, 2007 and ended on Sep 11, 2007. The shares got listed on BSE, NSE on Oct 4, 2007.
Kaveri Seed IPO price band is set at ₹170.00 per share . The lot size for an application is 40. The minimum amount of investment required by an retail is ₹6,000 (40 shares). The lot size investment for sNII is 30 lots (1,200 shares), amounting to ₹2,04,000, and for bNII, it is 148 lots (5,920 shares), amounting to ₹10,06,400.
The issue includes a reservation of up to 2,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Anand Rathi Advisors Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Kaveri Seed IPO RHP for detailed Information.
| IPO Date | September 6, 2007 to September 11, 2007 |
| Listing Date | October 4, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹150 to ₹170 per share |
| Issue Price Final | ₹170 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 40,02,184 shares (aggregating up to ₹68.04 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 97,00,000 shares |
| Share Holding Post Issue | 1,37,00,000 shares |
Kaveri Seed IPO offers total 40,00,000 shares. Out of which 19,00,000 (47.50%) allocated to QIB, 5,70,000 (14.25%) allocated to NII, 13,30,000 (33.25%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 19,00,000 (47.50%) | NA |
| NII (HNI) Shares Offered | 5,70,000 (14.25%) | NA |
| Retail Shares Offered | 13,30,000 (33.25%) | 33,250 |
| Employee Shares Offered | 2,00,000 (5.00%) | NA |
| Total Shares Offered | 40,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Kaveri Seed IPO opens on September 6, 2007, and closes on September 11, 2007.
| IPO Open Date | Thu, Sep 6, 2007 |
| IPO Close Date | Tue, Sep 11, 2007 |
| Tentative Listing Date | Thu, Oct 4, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Sep 11, 2007 |
Investors can bid for a minimum of 40 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 | 40 | ₹6,800 |
| Retail (Max) | 29 | 1,160 | ₹1,97,200 |
| S-HNI (Min) | 30 | 1,200 | ₹2,04,000 |
| S-HNI (Max) | 147 | 5,880 | ₹9,99,600 |
| B-HNI (Min) | 148 | 5,920 | ₹10,06,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1986, Kaveri Seed Company Limited is Hyderabad based company in the business of production, processing and marketing of high quality hybrid seeds for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc. and has recently forayed into micronutrients and bio products.
Kaveri Seeds currently have production, processing and R&D facilities in Andhra Pradesh and Karnataka. Kaveri Seeds research mainly focuses on developing superior hybrids in different crops like corn, cotton, sunflower, paddy, bajra, etc.
In the year 2002, Kaveri Seeds began a new venture to produce and market bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures and plant growth regulators.
| KPI | Values |
|---|---|
| RoNW | 40.11% |
The Company Kaveri Seed IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Acquisition of farmland for R&D near Hyderabad, Alwar and Ahmedabad | 200.00 |
| 2 | Setting up of marketing offices & godowns in Delhi, Lucknow, Jaipur, Ahmedabad and Aurangabad | 120.08 |
| 3 | Setting up of corn cob drying plants in Medak District, and Bellary | 42.00 |
| 4 | Setting up of a biotechnology lab at Gundla Pochampally near Hyderabad | 20.45 |
| 5 | Upgradation of existing seed processing plants at Kandlakoi, Gundla Pochampally, Gatla Narsingapur and Bellary | 91.67 |
| 6 | Setting up of a seed processing Plant in Medak District near Hyderabad | 58.78 |
| 7 | Working capital Margin requirements | 100.00 |
| 8 | Issue Expenses | 54.10 |
| Listing Date | October 4, 2007 |
| BSE Script Code | 532899 |
| NSE Symbol | KSCL |
| ISIN | INE455I01029 |
| Final Issue Price | ₹170 per share |
| BSE Listing Group | B1 |
Kaveri Seed Co.Ltd.
513B, 5th Floor,
Minerva Complex,
S.D. Road,
Secunderabad, Telangana, 50000
Phone: +91 40 27721457
Email: ipo@kaveriseeds.com
Website: http://www.kaveriseeds.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Kaveri Seed IPO is a main-board IPO of 40,02,184 equity shares of the face value of ₹10 aggregating up to ₹68.04 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 40.
The IPO opens on September 6, 2007, and closes on September 11, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Kaveri Seed IPO using UPI as a payment gateway. Zerodha customers can apply in Kaveri Seed IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kaveri Seed IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kaveri Seed IPO opens on September 6, 2007 and closes on September 11, 2007.
Kaveri Seed IPO lot size is 40, and the minimum amount required for application is ₹6,800.
You can apply in Kaveri Seed 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 Kaveri Seed IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Kaveri Seed IPO allotment status.
The Kaveri Seed IPO listing date is on Thursday, October 4, 2007.
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