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Sarveshwar Foods IPO is a book build issue of ₹54.97 crores. The issue is entirely a fresh issue of 0.65 crore shares of ₹54.97 crore.
Sarveshwar Foods IPO bidding started from Mar 5, 2018 and ended on Mar 7, 2018. The shares got listed on NSE SME on Mar 15, 2018.
Sarveshwar Foods IPO price band is set at ₹85.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,32,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,72,000.
Asit C.Mehta Investment Interrmediates Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Keynote Capitals Ltd..
Refer to Sarveshwar Foods IPO RHP for detailed Information.
| IPO Date | March 5, 2018 to March 7, 2018 |
| Listing Date | March 15, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹83 to ₹85 per share |
| Issue Price Final | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 64,67,200 shares (aggregating up to ₹54.97 Cr) |
| Reserved for Market Maker | 3,24,800 shares Keynote Capitals Ltd. (aggregating up to ₹2.76 Cr) |
| Net Offered to Public | 61,42,400 shares (aggregating up to ₹52.21 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,81,00,000 shares |
| Share Holding Post Issue | 2,45,65,600 shares |
Sarveshwar Foods IPO offers total 64,67,200 shares. Out of which 30,70,400 (47.48%) allocated to NII, 30,72,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,24,800 (5.02%) |
| NII (HNI) Shares Offered | 30,70,400 (47.48%) |
| Retail Shares Offered | 30,72,000 (47.50%) |
| Total Shares Offered | 64,67,200 (100.00%) |
Sarveshwar Foods IPO opens on March 5, 2018, and closes on March 7, 2018.
| IPO Open Date | Mon, Mar 5, 2018 |
| IPO Close Date | Wed, Mar 7, 2018 |
| Tentative Listing Date | Thu, Mar 15, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 7, 2018 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,36,000 |
| Retail (Max) | 1 | 1,600 | ₹1,36,000 |
| HNI (Min) | 2 | 3,200 | ₹2,72,000 |
Incorporated in 2015, Sarveshwar Foods Ltd is engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets. They offers procurement, storage, milling, sorting, packaging, branding and distribution of Rice.
Company's product portfolio comprises of Basmati and non-Basmati rice of various kinds including white raw rice, steam rice, broken rice, brown rice and parboiled rice. Along with
the varied variety of conventional Basmati and non-Basmati rice their product portfolio also includes organic Basmati and non-Basmati rice including range of other organic products. They markets and distributes these organic food products under its brand "Nimbark".
Company is selling organic products through this store viz. rice, red rice, brown rice, flours, pulses, nuts & dry fruits, spices & condiments, jaggery & sugar, breakfast cereals, edible oils, saffron, flaxseed, sesame seed. Sarveshwar's operations are based out of the Jammu Region in the State of Jammu and Kashmir.
[Dilip Davda] Off late we have seen fancy for Basmati rice counters on the bourses that have witnessed mega surge in last few months, due to favorable policy for the sector. Reasonable pricing makes this issue an attractive bet. Investment may be considered for short to long term. Read detail review...
| Listing Date | March 15, 2018 |
| BSE Script Code | |
| NSE Symbol | SARVESHWAR |
| ISIN | INE324X01018 |
| Final Issue Price | ₹85 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹83.00 |
| Low | ₹68.05 |
| High | ₹83.00 |
| Last Trade | ₹70.55 |
Sarveshwar Foods Ltd.
Sarveshwar House,
Below Gummat,
Jammu, Jammu and Kashmir, 180001
Phone: +91-191-2547391
Email: investorrelations@sarveshwarrice.com
Website: http://www.sarveshwarrice.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Sarveshwar Foods IPO is a SME IPO of 64,67,200 equity shares of the face value of ₹10 aggregating up to ₹54.97 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on March 5, 2018, and closes on March 7, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Sarveshwar Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Sarveshwar Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sarveshwar Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sarveshwar Foods IPO opens on March 5, 2018 and closes on March 7, 2018.
Sarveshwar Foods IPO lot size is 1600, and the minimum amount required for application is ₹1,36,000.
You can apply in Sarveshwar 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 Sarveshwar Foods IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sarveshwar Foods IPO allotment status.
The Sarveshwar Foods IPO listing date is on Thursday, March 15, 2018.
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