Bookbuilding IPO | ₹20 Cr | Listed at NSE SME | Tue, Jan 23, 2018 - Thu, Jan 25, 2018
Shree Ram Proteins IPO is a book build issue of ₹19.90 crores. The issue is entirely a fresh issue of 0.64 crore shares of ₹19.90 crore.
Shree Ram Proteins IPO bidding started from Jan 23, 2018 and ended on Jan 25, 2018. The shares got listed on NSE SME on Feb 5, 2018.
Shree Ram Proteins IPO price band is set at ₹31 per share. The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,24,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,48,000.
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 Shree Ram Proteins IPO RHP for detailed Information.
IPO Open
Tue, Jan 23, 2018
IPO Close
Thu, Jan 25, 2018
Issue Price
₹31 per share
Market Cap (Pre-IPO)
₹66.40 Cr
| IPO Date | 23 to 25 Jan, 2018 |
| Listed on | Mon, Feb 5, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹27 to ₹31 |
| Issue Price | ₹31 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 64,20,000 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 3,24,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 60,96,000 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 60,96,000 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 1,50,00,000 shares |
| Share Holding Post Issue | 2,14,20,000 shares |
| NSE Symbol | SRPL |
| ISIN | INE008Z01012 |
Shree Ram Proteins IPO comprises a total issue size of 64,20,000 shares. The net offer to the public is 60,96,000 shares, after excluding 3,24,000 shares allotted on a firm basis. Of the Net offer 30,48,000 (50.00%) allocated to NII 30,48,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,48,000 | 50.00% | 47.48% |
| Retail Shares Offered | 30,48,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,24,000 | 5.05% | |
| Total Shares Offered | 64,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,24,000 |
| Retail (Max) | 1 | 4,000 | ₹1,24,000 |
| HNI (Min) | 2 | 8,000 | ₹2,48,000 |
Incorporated in 2008, Shree Ram Proteins Ltd is Rajkot Gujarat based company engaged in the business of de-linting and de-hulling of cotton seeds by mechanical process, oil extraction from cotton seeds and solvent extraction from cotton seeds oil cake and ground nuts.
The cotton linters are commonly used in manufacturing of papers and as raw materials for manufacture of cellulose. Cotton seeds oil cake, cotton seeds de oil cake and cotton hull are used as animal feeds. Cotton seed pre refine oil further process by refinery to convert in to edible oil.
Company’s manufacturing process is in three stages:
1. De-linting and de-hulling of Cotton seeds, this process result in manufacture of shot fiber (linter), and De-linted cotton Seeds
2. Cotton seeds oil extraction process result in pre refine cotton seeds oil and cotton seeds oil cake and
3. Solvent extraction process, result in pre refine wash oil and de-oil cotton seeds cake.
| 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 | Funding working capital requirements of the Company | 15.00 |
| 2 | General corporate purposes | 3.60 |
The Shree Ram Proteins IPO is subscribed 4.81 times on January 25, 2018 5:00:00 PM (Day 4). The public issue subscribed 6.68 times in the retail category, [.] times in the QIB category, and 2.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.94 | 30,48,000 | 89,48,000 |
| Retail | 6.68 | 30,48,000 | 2,03,64,000 |
| Total | 4.81 | 60,96,000 | 2,93,12,000 |
| # | 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. | 0.65 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.60 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹31.00 |
| Open | ₹28.95 |
| Low | ₹28.95 |
| High | ₹33.45 |
| Last Trade | ₹32.55 |
Lead Manager Reports
Shree Ram Proteins IPO is a SME IPO of 64,20,000 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹31 per share. The minimum order quantity is 4000.
The IPO opens on Tue, Jan 23, 2018, and closes on Thu, Jan 25, 2018.
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 Shree Ram Proteins IPO using UPI as a payment gateway. Zerodha customers can apply in Shree Ram Proteins IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shree Ram Proteins IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shree Ram Proteins IPO opens on Tue, Jan 23, 2018 and closes on Thu, Jan 25, 2018.
Shree Ram Proteins IPO lot size is 4000, and the minimum amount required for application is ₹1,24,000.
You can apply in Shree Ram Proteins 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 Shree Ram Proteins IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Shree Ram Proteins IPO allotment status.
The Shree Ram Proteins IPO listing date is on Mon, Feb 5, 2018.
