Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Mon, Mar 20, 2017 - Wed, Mar 22, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 20, 2017
IPO Close
Wed, Mar 22, 2017
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹24.38 Cr
| IPO Date | 20 to 22 Mar, 2017 |
| Listed on | Fri, Mar 31, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 10,00,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 52,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.3380 Cr) |
| Fresh Issue (Ex Market Maker) | 9,48,000 shares (agg. up to ₹6 Cr) |
| Net Offered to Public | 9,48,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 27,50,000 shares |
| Share Holding Post Issue | 37,50,000 shares |
| BSE Script Code | 540405 |
| ISIN | INE711V01010 |
Oceanic Foods IPO comprises a total issue size of 10,00,000 shares. The net offer to the public is 9,48,000 shares, after excluding 52,000 shares allotted on a firm basis. Of the Net offer 4,74,000 (50.00%) allocated to NII 4,74,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 4,74,000 | 50.00% | 47.40% |
| Retail Shares Offered | 4,74,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 52,000 | 5.20% | |
| Total Shares Offered | 10,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| 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 | Working Capital Requirements | 4.90 |
| 2 | General Corporate Purpose | 1.15 |
The Oceanic Foods IPO is subscribed [.] times on March 22, 2017 6:50:00 PM (Day 3). 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 (times) | Shares Offered | Shares bid for |
|---|
| # | 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 | 0.07 |
| 3 | Marketing and Other Expenses | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹65.00 |
| Open | ₹65.00 |
| Low | ₹64.00 |
| High | ₹66.80 |
| Last Trade | ₹65.20 |
Lead Manager Reports
Oceanic Foods IPO is a SME IPO of 10,00,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 2000.
The IPO opens on Mon, Mar 20, 2017, and closes on Wed, Mar 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 Mon, Mar 20, 2017 and closes on Wed, Mar 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 Fri, Mar 31, 2017.
