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Shanti Overseas IPO is a fixed price issue of ₹10.02 crores. The issue is entirely a fresh issue of 0.20 crore shares of ₹10.02 crore.
Shanti Overseas IPO bidding started from Jul 21, 2017 and ended on Jul 26, 2017. The shares got listed on NSE SME on Aug 3, 2017.
Shanti Overseas IPO price is ₹50.00 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). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹3,00,000.
Hem Securities 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 Hem Finlease Pvt.Ltd..
Refer to Shanti Overseas IPO RHP for detailed Information.
| IPO Date | July 21, 2017 to July 26, 2017 |
| Listing Date | August 3, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,04,000 shares (aggregating up to ₹10.02 Cr) |
| Reserved for Market Maker | 1,38,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.6900 Cr) |
| Net Offered to Public | 18,66,000 shares (aggregating up to ₹9.33 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 54,00,000 shares |
| Share Holding Post Issue | 74,04,000 shares |
Shanti Overseas IPO offers total 20,04,000 shares. Out of which 9,33,000 (46.56%) allocated to NII, 9,33,000 (46.56%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,38,000 (6.89%) |
| NII (HNI) Shares Offered | 9,33,000 (46.56%) |
| Retail Shares Offered | 9,33,000 (46.56%) |
| Total Shares Offered | 20,04,000 (100.00%) |
Shanti Overseas IPO opens on July 21, 2017, and closes on July 26, 2017.
| IPO Open Date | Fri, Jul 21, 2017 |
| IPO Close Date | Wed, Jul 26, 2017 |
| Tentative Listing Date | Thu, Aug 3, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 26, 2017 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,50,000 |
| Retail (Max) | 1 | 3,000 | ₹1,50,000 |
| HNI (Min) | 2 | 6,000 | ₹3,00,000 |
Incorporated in 2011, Shanti Overseas (India) Limited is engaged in the business of organic Soybean, Soymeal and by products. Company manufacture soya products which includes, soya de-oiled cakes (soya meal), soya crude oil, degummed oil and soya lecithin. They are also into primary processing and trading of agri commodities such as chickpeas, soyabeans, cracked corn, maize, yellow peas, pulses etc.
Soil's leading export house based in central India (Indore) with overseas operations covering from USA to EUROPE. Company is in process of setting up a processing plant in the area of Dhannad, dist. Indore, for production of edible partially deffated organic Soya Flour, textured Soy Protein, expeller pressed physical refined oil and Organic Soya Lecithin. Company's major source of revenue is from the exports of soya products and agri-commodities. They markets garbanzo bean (kabuli chana) primarily under their registered brand name “Kitchen Pride”. Major foreign countries to which their product is exported includes USA, Canada, Turkey, Dubai, Pakistan Sri Lanka, Spain etc.
The Company Shanti Overseas 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 | To purchase machineries for the proposed Soyabean processing plant at Dhannad, Dist. Indore, Madhya Pradesh | 2.74 |
| 2 | To make investment in the Subsidiary Company, Shaan Agro Oils & Extractions Private Limited | 4.55 |
| 3 | To meet General Corporate Expenses | 1.93 |
[Dilip Davda] Investors may consider investment for short to long term in Shanti Overseas NSE SME IPO. Read detail review...
| Listing Date | August 3, 2017 |
| BSE Script Code | |
| NSE Symbol | SHANTI |
| ISIN | INE933X01016 |
| Final Issue Price | ₹50 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹60.00 |
| Low | ₹41.00 |
| High | ₹60.00 |
| Last Trade | ₹42.90 |
Shanti Overseas (India) Ltd.
215-216,
Vikram Tower,
1st Floor,
Indore, Madhya Pradesh, 452001
Phone: +91-731-4020596/586/587
Email: mail@shantioverseas.com
Website: http://www.shantioverseas.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: soil.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Shanti Overseas IPO is a SME IPO of 20,04,000 equity shares of the face value of ₹10 aggregating up to ₹10.02 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on July 21, 2017, and closes on July 26, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shanti Overseas IPO using UPI as a payment gateway. Zerodha customers can apply in Shanti Overseas IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shanti Overseas IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shanti Overseas IPO opens on July 21, 2017 and closes on July 26, 2017.
Shanti Overseas IPO lot size is 3000, and the minimum amount required for application is ₹1,50,000.
You can apply in Shanti Overseas 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 Shanti Overseas IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shanti Overseas IPO allotment status.
The Shanti Overseas IPO listing date is on Thursday, August 3, 2017.
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