Bookbuilding IPO | ₹55 Cr | Listed at NSE SME | Mon, Mar 5, 2018 - Wed, Mar 7, 2018
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 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,36,000 (1600 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Mar 5, 2018
IPO Close
Wed, Mar 7, 2018
Issue Price
₹85 per share
Market Cap (Pre-IPO)
₹208.81 Cr
| IPO Date | 5 to 7 Mar, 2018 |
| Listed on | Thu, Mar 15, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹83 to ₹85 |
| Issue Price | ₹85 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 64,67,200 shares (agg. up to ₹55 Cr) |
| Reserved for Market Maker | 3,24,800 shares Keynote Capitals Ltd. (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 61,42,400 shares (agg. up to ₹52 Cr) |
| Net Offered to Public | 61,42,400 shares (agg. up to ₹52 Cr) |
| Share Holding Pre Issue | 1,81,00,000 shares |
| Share Holding Post Issue | 2,45,65,600 shares |
| NSE Symbol | SARVESHWAR |
| ISIN | INE324X01018 |
Sarveshwar Foods IPO comprises a total issue size of 64,67,200 shares. The net offer to the public is 61,42,400 shares, after excluding 3,24,800 shares allotted on a firm basis. Of the Net offer 30,70,400 (49.99%) allocated to NII 30,72,000 (50.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,70,400 | 49.99% | 47.48% |
| Retail Shares Offered | 30,72,000 | 50.01% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,24,800 | 5.02% | |
| Total Shares Offered | 64,67,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Sarveshwar Foods IPO is subscribed 1.64 times on March 7, 2018 5:00:00 PM (Day 3). The public issue subscribed 1.83 times in the retail category, [.] times in the QIB category, and 1.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.13 | 30,71,200 | 34,70,400 |
| Retail | 1.83 | 30,71,200 | 56,25,600 |
| Total | 1.64 | 61,42,400 | 1,00,44,800 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to intermediaries (including Book Running Lead Managers fees, underwriting commission, market making fees, brokerage and selling commission*, registrar fees and expenses) | 0.43 |
| 2 | Advertising and marketing expenses | 0.04 |
| 3 | Printing and Stationary & Distribution | 0.01 |
| 4 | Statutory and other miscellaneous expenses | 0.13 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹85.00 |
| Open | ₹83.00 |
| Low | ₹68.05 |
| High | ₹83.00 |
| Last Trade | ₹70.55 |
Sarveshwar Foods IPO is a SME IPO of 64,67,200 equity shares of the face value of ₹10 aggregating up to ₹55 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 1600.
The IPO opens on Mon, Mar 5, 2018, and closes on Wed, Mar 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 Mon, Mar 5, 2018 and closes on Wed, Mar 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 Thu, Mar 15, 2018.
