Bookbuilding IPO | ₹32 Cr | Listed at BSE, NSE | Tue, Mar 11, 2008 - Fri, Mar 14, 2008
Sita Shree Food Products IPO is a book build issue of ₹31.50 crores. The issue is entirely a fresh issue of 1.05 crore shares of ₹31.50 crore.
Sita Shree Food Products IPO bidding started from Mar 11, 2008 and ended on Mar 14, 2008. The shares got listed on BSE, NSE on Apr 7, 2008.
Sita Shree Food Products IPO price band is set at ₹30 per share. The lot size for an application is 200. The minimum amount of investment required by an retail is ₹6,000 (200 shares) (based on upper price). The lot size investment for sNII is 34 lots (6,800 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (33,400 shares), amounting to ₹10,02,000.
Keynote Financial Services Ltd. is the book running lead manager and Ankit Consultancy Pvt.Ltd. is the registrar of the issue.
Refer to Sita Shree Food Products IPO RHP for detailed Information.
IPO Open
Tue, Mar 11, 2008
IPO Close
Fri, Mar 14, 2008
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹66.11 Cr
| IPO Date | 11 to 14 Mar, 2008 |
| Listed on | Mon, Apr 7, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹27 to ₹30 |
| Issue Price | ₹30 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,05,00,000 shares (agg. up to ₹32 Cr) |
| Fresh Issue | 1,05,00,000 shares (agg. up to ₹32 Cr) |
| Share Holding Pre Issue | 1,15,36,800 shares |
| Share Holding Post Issue | 2,20,36,800 shares |
| BSE Script Code / NSE Symbol | 532961 / SITASHREE |
| ISIN | INE686I01011 |
Sita Shree Food Products IPO comprises a total issue size of 1,05,00,000 shares. Out of which, 52,50,000 (50.00%) are allocated to QIB, 15,75,000 (15.00%) allocated to NII 36,75,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 52,50,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 15,75,000 | 15.00% | NA |
| Retail Shares Offered | 36,75,000 | 35.00% | 18,375 |
| Total Shares Offered | 1,05,00,000 | 100.00% |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,000 |
| Retail (Max) | 33 | 6,600 | ₹1,98,000 |
| S-HNI (Min) | 34 | 6,800 | ₹2,04,000 |
| S-HNI (Max) | 166 | 33,200 | ₹9,96,000 |
| B-HNI (Min) | 167 | 33,400 | ₹10,02,000 |
Incorporated in 1997, Sita Shree Food Products Limited is in the business of wheat and pulse processing. The manufacturing unit of the Company is located in the city of Indore on approx. 2.5 acres of land which is connected with major cities like Nagpur and Ahmadabad by roads.
The product portfolio of the Company consists of Wheat Flour, Maida, Rawa, Daliya, Suji, Chana Dal etc. These products are marketed under its own brand like 'Sita Shree Regular' and 'Sita Shree Gold'. The Company now proposes to set up a solvent extraction plant, a Lecithin plant and one additional flour mill to cater to the increasing demand. The proposed project will be set up at Badiakima, Indore, just 8 km away from existing location.
Company achieved a turnover of Rs. 8074.17 lacs during the year ended on 31/03/2007. Presntly the Company is supplying its products to major players in retail industry such as Pantaloon Retail and Reliance Retail. Other clients are Satnam Overseas, Sumermal Surana Traders, Kavita Trading Company, Kishanlal and Sons, Bhavanji Thakarshi and Company, Manilal Shyamji, Shyam Marketing, Raghuram Enterprises & Sondurga Sales etc.
| Period Ended |
|---|
| Amount in ₹ Crore |
| KPI | |
|---|---|
| RoNW | 12.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 100% |
| Market Cap | ₹66.11 Cr. |
The Sita Shree IPO is subscribed 2.44 times on March 14, 2008 5:00:00 PM (Day 4). The public issue subscribed 4.13 times in the retail category, 1.02 times in the QIB category, and 3.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹30.00 | ₹30.00 |
| Open | ₹30.00 | ₹35.00 |
| Low | ₹30.00 | ₹33.95 |
| High | ₹46.65 | ₹46.70 |
| Last Trade | ₹43.90 | ₹43.70 |
Lead Manager Reports
Sita Shree Food Products IPO is a main-board IPO of 1,05,00,000 equity shares of the face value of ₹10 aggregating up to ₹32 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 200.
The IPO opens on Tue, Mar 11, 2008, and closes on Fri, Mar 14, 2008.
Ankit Consultancy Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Sita Shree Food Products IPO using UPI as a payment gateway. Zerodha customers can apply in Sita Shree Food Products IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sita Shree Food Products IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sita Shree Food Products IPO opens on Tue, Mar 11, 2008 and closes on Fri, Mar 14, 2008.
Sita Shree Food Products IPO lot size is 200, and the minimum amount required for application is ₹6,000.
You can apply in Sita Shree Food Products 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 Sita Shree Food Products IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Sita Shree Food Products IPO allotment status.
The Sita Shree Food Products IPO listing date is on Mon, Apr 7, 2008.
