Fixed Price IPO | ₹6 Cr | Listed at BSE SME | Wed, Jul 29, 2015 - Fri, Jul 31, 2015
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Jul 29, 2015
IPO Close
Fri, Jul 31, 2015
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹21.51 Cr
| IPO Date | 29 to 31 Jul, 2015 |
| Listed on | Wed, Aug 12, 2015 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 11,40,000 shares (agg. up to ₹6 Cr) |
| Reserved for Market Maker | 60,000 shares BCB Brokerage Pvt.Ltd. (agg. up to ₹0.3000 Cr) |
| Fresh Issue (Ex Market Maker) | 10,80,000 shares (agg. up to ₹5 Cr) |
| Net Offered to Public | 10,80,000 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 31,62,079 shares |
| Share Holding Post Issue | 43,02,079 shares |
| BSE Script Code | 539275 |
| ISIN | INE829S01016 |
Mangalam Seeds IPO comprises a total issue size of 11,40,000 shares. The net offer to the public is 10,80,000 shares, after excluding 60,000 shares allotted on a firm basis. Of the Net offer 5,40,000 (50.00%) allocated to NII 5,40,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,40,000 | 50.00% | 47.37% |
| Retail Shares Offered | 5,40,000 | 50.00% | 47.37% |
| Firm Reservations | |||
| Market Maker Shares Offered | 60,000 | 5.26% | |
| Total Shares Offered | 11,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | Funding Working Capital Requirement | 5.20 |
| 2 | Funding Issue Expenses | 0.52 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Maker, Bankers etc. | 0.36 |
| 2 | Regulatory fees | 0.10 |
| 3 | Marketing and Other Expenses | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹55.00 |
| Low | ₹55.00 |
| High | ₹57.75 |
| Last Trade | ₹57.75 |
Lead Manager Reports
Mangalam Seeds IPO is a SME IPO of 11,40,000 equity shares of the face value of ₹10 aggregating up to ₹6 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Jul 29, 2015, and closes on Fri, Jul 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 Wed, Jul 29, 2015 and closes on Fri, Jul 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 Wed, Aug 12, 2015.
