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Oceanic Foods IPO is a fixed price issue of ₹6.50 crores. The issue is entirely a fresh issue of 0.10 crore shares of ₹6.50 crore.
Oceanic Foods IPO bidding started from Mar 20, 2017 and ended on Mar 22, 2017. The shares got listed on BSE SME on Mar 31, 2017.
Oceanic Foods IPO price is ₹65.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,30,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,60,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Pantomath Stock Brokers Pvt.Ltd..
Refer to Oceanic Foods IPO RHP for detailed Information.
| IPO Date | March 20, 2017 to March 22, 2017 |
| Listing Date | March 31, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 10,00,000 shares (aggregating up to ₹6.50 Cr) |
| Reserved for Market Maker | 52,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.3380 Cr) |
| Net Offered to Public | 9,48,000 shares (aggregating up to ₹6.16 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 27,50,000 shares |
| Share Holding Post Issue | 37,50,000 shares |
Oceanic Foods IPO offers total 10,00,000 shares. Out of which 4,74,000 (47.40%) allocated to NII, 4,74,000 (47.40%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 52,000 (5.20%) |
| NII (HNI) Shares Offered | 4,74,000 (47.40%) |
| Retail Shares Offered | 4,74,000 (47.40%) |
| Total Shares Offered | 10,00,000 (100.00%) |
Oceanic Foods IPO opens on March 20, 2017, and closes on March 22, 2017.
| IPO Open Date | Mon, Mar 20, 2017 |
| IPO Close Date | Wed, Mar 22, 2017 |
| Tentative Listing Date | Fri, Mar 31, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 22, 2017 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,30,000 |
| Retail (Max) | 1 | 2,000 | ₹1,30,000 |
| HNI (Min) | 2 | 4,000 | ₹2,60,000 |
Incorporated in 1993, Oceanic Foods Limited engaged in the manufacture, processing, and sale of dehydrated food products in India. They provides dehydrated onion and garlic products and other dehydrated vegetables. Company‘s major revenue is from sale of dehydrated onion and garlic products in various forms like flakes, minced, powder, etc. They also manufacture other dehydrated vegetables like potato, ginger, spinach, coriander, carrot, cabbage, green chilly, etc.
They export dehydrated vegetables to various countries around the globe. Company's products are internationally certified by US FDA, Kosher and Halal and are domestically certified by FSSAI, and APEDA.
The Company Oceanic 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 | Working Capital Requirements | 4.90 |
| 2 | General Corporate Purpose | 1.15 |
[Dilip Davda] As the issue is aggressively priced, only risk savvy cash surplus investors may consider investment for long term. Read detail review...
| Listing Date | March 31, 2017 |
| BSE Script Code | 540405 |
| NSE Symbol | |
| ISIN | INE711V01010 |
| Final Issue Price | ₹65 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹65.00 |
| Low | ₹64.00 |
| High | ₹66.80 |
| Last Trade | ₹65.20 |
Oceanic Foods Ltd.
Opp. Brooke Bond Factory,
P.N. Marg,
Jamnagar – 361002
Jamnagar, Gujarat
Phone: +91 288 2757366/77
Email: cs@oceanicfoods.com
Website: http://www.oceanicfoods.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Oceanic Foods IPO is a SME IPO of 10,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.50 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on March 20, 2017, and closes on March 22, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Oceanic Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Oceanic Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Oceanic Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Oceanic Foods IPO opens on March 20, 2017 and closes on March 22, 2017.
Oceanic Foods IPO lot size is 2000, and the minimum amount required for application is ₹1,30,000.
You can apply in Oceanic 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 Oceanic Foods IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Oceanic Foods IPO allotment status.
The Oceanic Foods IPO listing date is on Friday, March 31, 2017.
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