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Mangalam Seeds IPO is a fixed price issue of ₹5.70 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹5.70 crore.
Mangalam Seeds IPO bidding started from Jul 29, 2015 and ended on Jul 31, 2015. The shares got listed on BSE SME on Aug 12, 2015.
Mangalam Seeds IPO price is ₹50.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,50,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
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 BCB Brokerage Pvt.Ltd..
Refer to Mangalam Seeds IPO RHP for detailed Information.
| IPO Date | July 29, 2015 to July 31, 2015 |
| Listing Date | August 12, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,40,000 shares (aggregating up to ₹5.70 Cr) |
| Reserved for Market Maker | 60,000 shares BCB Brokerage Pvt.Ltd. (aggregating up to ₹0.3000 Cr) |
| Net Offered to Public | 10,80,000 shares (aggregating up to ₹5.40 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 31,62,079 shares |
| Share Holding Post Issue | 43,02,079 shares |
Mangalam Seeds IPO offers total 11,40,000 shares. Out of which 5,40,000 (47.37%) allocated to NII, 5,40,000 (47.37%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 60,000 (5.26%) |
| NII (HNI) Shares Offered | 5,40,000 (47.37%) |
| Retail Shares Offered | 5,40,000 (47.37%) |
| Total Shares Offered | 11,40,000 (100.00%) |
Mangalam Seeds IPO opens on July 29, 2015, and closes on July 31, 2015.
| IPO Open Date | Wed, Jul 29, 2015 |
| IPO Close Date | Fri, Jul 31, 2015 |
| Tentative Listing Date | Wed, Aug 12, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 31, 2015 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Incorporated in 2011, Mangalam Seeds Limited is engaged in producing high quality seeds with specialization in spices and forage crops. Company offers a wide range of seeds in categories like research seeds and hybrid seeds.
Research seeds are being produced by a backward integration process and offers natural nutrient qualities. These seeds require intensive research and are also called as pure seeds.
Hybrid seeds on the other hand, are produced through open pollination and cross pollination process.
Company has developed 16 varieties of seeds as of July 2015. Company also has a collection of around 976 varieties of germplasm in various crops. Mangalam Seeds products are being marketed under various brand names like Eklavya, Volina, Leetos, Juddo etc. Company has obtained 15 trademarks and already applied for 55 others to secure these brand names and logos.
The Company Mangalam 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 | Funding Working Capital Requirement | 5.20 |
| 2 | Funding Issue Expenses | 0.52 |
[Dilip Davda] A long term bet. the asking price is at a P/E of around 18, that augurs well against industry average of 42. Read detail review...
| Listing Date | August 12, 2015 |
| BSE Script Code | 539275 |
| NSE Symbol | |
| ISIN | INE829S01016 |
| Final Issue Price | ₹50 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹55.00 |
| Low | ₹55.00 |
| High | ₹57.75 |
| Last Trade | ₹57.75 |
Mangalam Seeds Ltd.
202, Sampada Complex, B/H Tulsi Complex,
Mithakhali Six Roads,
Navrangpura,
Ahmedabad, Gujarat, 380009
Phone: +91 7926447302
Email: ipo@mangalamseeds.com
Website: http://www.mangalamseeds.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: mangalamseeds.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Mangalam Seeds IPO is a SME IPO of 11,40,000 equity shares of the face value of ₹10 aggregating up to ₹5.70 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on July 29, 2015, and closes on July 31, 2015.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mangalam Seeds IPO using UPI as a payment gateway. Zerodha customers can apply in Mangalam Seeds IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mangalam Seeds IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mangalam Seeds IPO opens on July 29, 2015 and closes on July 31, 2015.
Mangalam Seeds IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Mangalam 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 Mangalam Seeds IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mangalam Seeds IPO allotment status.
The Mangalam Seeds IPO listing date is on Wednesday, August 12, 2015.
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