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Sri Krishna Metcom IPO is a fixed price issue of ₹19.25 crores. The issue is a combination of fresh issue of 0.06 crore shares aggregating to ₹3.30 crores and offer for sale of 0.29 crore shares aggregating to ₹15.95 crores.
Sri Krishna Metcom IPO bidding started from Sep 14, 2017 and ended on Sep 18, 2017. The shares got listed on NSE SME on Sep 26, 2017.
Sri Krishna Metcom IPO price is ₹55.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,10,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,20,000.
Microsec Capital 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 Microsec Capital Ltd..
Refer to Sri Krishna Metcom IPO RHP for detailed Information.
| IPO Date | September 14, 2017 to September 18, 2017 |
| Listing Date | September 26, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 35,00,000 shares (aggregating up to ₹19.25 Cr) |
| Reserved for Market Maker | 1,80,000 shares Microsec Capital Ltd. (aggregating up to ₹0.9900 Cr) |
| Fresh Issue (Ex Market Maker) | 4,20,000 shares (aggregating up to ₹2.31 Cr) |
| Offer for Sale | 29,00,000 shares of ₹10 (aggregating up to ₹15.95 Cr) |
| Net Offered to Public | 33,20,000 shares (aggregating up to ₹18.26 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,26,32,971 shares |
| Share Holding Post Issue | 1,32,32,971 shares |
Sri Krishna Metcom IPO offers total 35,00,000 shares. Out of which 16,60,000 (47.43%) allocated to NII, 16,60,000 (47.43%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,80,000 (5.14%) |
| NII (HNI) Shares Offered | 16,60,000 (47.43%) |
| Retail Shares Offered | 16,60,000 (47.43%) |
| Total Shares Offered | 35,00,000 (100.00%) |
Sri Krishna Metcom IPO opens on September 14, 2017, and closes on September 18, 2017.
| IPO Open Date | Thu, Sep 14, 2017 |
| IPO Close Date | Mon, Sep 18, 2017 |
| Tentative Listing Date | Tue, Sep 26, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 18, 2017 |
Investors can bid for a minimum of 2,000 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 | 2,000 | ₹1,10,000 |
| Retail (Max) | 1 | 2,000 | ₹1,10,000 |
| HNI (Min) | 2 | 4,000 | ₹2,20,000 |
Incorporated in 2008, Sri Krishna Metcom Ltd is engaged in the business of processing of non-basmati and basmati rice in India. They also sells rice bran, a by-product of rice to oil manufacturers. The company offers its products to various wholesalers and retailers under the BABA, PANCHAKANYA, SINGHAM, and MIDDU BHAI brands.
They are the one of the largest processors of non-basmati rice with a milling capacity of 350 Metric tons per day in the State of Jharkhand. They process varieties of rice with the help of state of the art plant and machinery of International Standards i.e. Automatic Ultra Modern State of Art Buhler's Swiss Technology Rice Mill.
The Company Sri Krishna Metcom 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 | Working Capital requirement | 3.20 |
| 2 | Issue Expenses | 0.10 |
[Dilip Davda] Considering aggressive pricing, there is no harm in giving this issue a miss. Read detail review...
| Listing Date | September 26, 2017 |
| BSE Script Code | |
| NSE Symbol | BABAFOOD |
| ISIN | INE672X01010 |
| Final Issue Price | ₹55 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹53.95 |
| Low | ₹44.00 |
| High | ₹53.95 |
| Last Trade | ₹49.00 |
Sri Krishna Metcom Ltd.
504, Mangal Murti Heights,
5th Floor, Rani Bagan,
Harmu Road
Ranchi, Jharkhand, 834001
Phone: +91 651 2285853
Email: skmltd@gmail.com
Website: http://www.skmltd.co.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: skml.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Sri Krishna Metcom IPO is a SME IPO of 35,00,000 equity shares of the face value of ₹10 aggregating up to ₹19.25 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on September 14, 2017, and closes on September 18, 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 Sri Krishna Metcom IPO using UPI as a payment gateway. Zerodha customers can apply in Sri Krishna Metcom IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Sri Krishna Metcom IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Sri Krishna Metcom IPO opens on September 14, 2017 and closes on September 18, 2017.
Sri Krishna Metcom IPO lot size is 2000, and the minimum amount required for application is ₹1,10,000.
You can apply in Sri Krishna Metcom 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 Sri Krishna Metcom IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sri Krishna Metcom IPO allotment status.
The Sri Krishna Metcom IPO listing date is on Tuesday, September 26, 2017.
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