Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Fri, Jul 21, 2017 - Wed, Jul 26, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Jul 21, 2017
IPO Close
Wed, Jul 26, 2017
Issue Price
₹50 per share
Market Cap (Pre-IPO)
₹37.02 Cr
| IPO Date | 21 to 26 Jul, 2017 |
| Listed on | Thu, Aug 3, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹50 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,04,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,38,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.6900 Cr) |
| Fresh Issue (Ex Market Maker) | 18,66,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 18,66,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 54,00,000 shares |
| Share Holding Post Issue | 74,04,000 shares |
| NSE Symbol | SHANTI |
| ISIN | INE933X01016 |
Shanti Overseas IPO comprises a total issue size of 20,04,000 shares. The net offer to the public is 18,66,000 shares, after excluding 1,38,000 shares allotted on a firm basis. Of the Net offer 9,33,000 (50.00%) allocated to NII 9,33,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,33,000 | 50.00% | 46.56% |
| Retail Shares Offered | 9,33,000 | 50.00% | 46.56% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,38,000 | 6.89% | |
| Total Shares Offered | 20,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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.
| 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 | 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 |
The Shanti Overseas IPO is subscribed [.] times on July 26, 2017 5:00:00 PM (Day 4). 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 |
|---|---|---|---|
| NII* | [.] | 10,02,000 | 98,88,000 |
| Retail | [.] | 10,02,000 | 1,87,89,000 |
| Total | [.] | 20,04,000 | 2,88,63,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.70 |
| 2 | Printing and Stationery and postage expenses | 0.03 |
| 3 | Advertising and Marketing expenses | 0.05 |
| 4 | Statutory expenses | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹60.00 |
| Low | ₹41.00 |
| High | ₹60.00 |
| Last Trade | ₹42.90 |
Lead Manager Reports
Shanti Overseas IPO is a SME IPO of 20,04,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹50 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Jul 21, 2017, and closes on Wed, Jul 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 Fri, Jul 21, 2017 and closes on Wed, Jul 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 Thu, Aug 3, 2017.
