Fixed Price IPO | ₹19 Cr | Listed at NSE SME | Thu, Sep 14, 2017 - Mon, Sep 18, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Sep 14, 2017
IPO Close
Mon, Sep 18, 2017
Issue Price
₹55 per share
Market Cap (Pre-IPO)
₹72.78 Cr
| IPO Date | 14 to 18 Sep, 2017 |
| Listed on | Tue, Sep 26, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹55 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 35,00,000 shares (agg. up to ₹19 Cr) |
| Reserved for Market Maker | 1,80,000 shares Microsec Capital Ltd. (agg. up to ₹0.9900 Cr) |
| Fresh Issue (Ex Market Maker) | 4,20,000 shares (agg. up to ₹2 Cr) |
| Offer for Sale | 29,00,000 shares of ₹10 (agg. up to ₹16 Cr) |
| Net Offered to Public | 33,20,000 shares (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 1,26,32,971 shares |
| Share Holding Post Issue | 1,32,32,971 shares |
| NSE Symbol | BABAFOOD |
| ISIN | INE672X01010 |
Sri Krishna Metcom IPO comprises a total issue size of 35,00,000 shares. The net offer to the public is 33,20,000 shares, after excluding 1,80,000 shares allotted on a firm basis. Of the Net offer 16,60,000 (50.00%) allocated to NII 16,60,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,60,000 | 50.00% | 47.43% |
| Retail Shares Offered | 16,60,000 | 50.00% | 47.43% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,80,000 | 5.14% | |
| Total Shares Offered | 35,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| 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 | Working Capital requirement | 3.20 |
| 2 | Issue Expenses | 0.10 |
The Sri Krishna Metcom IPO is subscribed [.] times on September 18, 2017 5:00:00 PM (Day 3). 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* | [.] | 17,50,000 | 35,64,000 |
| Retail | [.] | 17,50,000 | 4,50,000 |
| Total | [.] | 35,00,000 | 40,14,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and reimbursements of Market Making fees (1st year), and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.33 |
| 2 | Brokerage and Selling Commission, Underwriting Commission | 0.05 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 0.05 |
| 4 | Listing Fees, Market Regulatory & Other Expenses | 0.08 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹55.00 |
| Open | ₹53.95 |
| Low | ₹44.00 |
| High | ₹53.95 |
| Last Trade | ₹49.00 |
Lead Manager Reports
Sri Krishna Metcom IPO is a SME IPO of 35,00,000 equity shares of the face value of ₹10 aggregating up to ₹19 Crores. The issue is priced at ₹55 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Sep 14, 2017, and closes on Mon, Sep 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 Thu, Sep 14, 2017 and closes on Mon, Sep 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 Tue, Sep 26, 2017.
