Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Tanvi Foods IPO is a fixed price issue of ₹6.60 crores. The issue is a combination of fresh issue of 0.07 crore shares aggregating to ₹4.03 crores and offer for sale of 0.04 crore shares aggregating to ₹2.57 crores.
Tanvi Foods IPO bidding started from Feb 17, 2017 and ended on Feb 22, 2017. The shares got listed on BSE SME on Mar 2, 2017.
Tanvi Foods IPO price is ₹60.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Aryaman Capital Markets Ltd..
Refer to Tanvi Foods IPO RHP for detailed Information.
| IPO Date | February 17, 2017 to February 22, 2017 |
| Listing Date | March 2, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 11,00,000 shares (aggregating up to ₹6.60 Cr) |
| Reserved for Market Maker | 56,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.3360 Cr) |
| Fresh Issue (Ex Market Maker) | 6,16,000 shares (aggregating up to ₹3.70 Cr) |
| Offer for Sale | 4,28,000 shares of ₹10 (aggregating up to ₹2.57 Cr) |
| Net Offered to Public | 10,44,000 shares (aggregating up to ₹6.26 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 34,44,775 shares |
| Share Holding Post Issue | 41,16,775 shares |
Tanvi Foods IPO offers total 11,00,000 shares. Out of which 5,22,000 (47.45%) allocated to NII, 5,22,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 56,000 (5.09%) |
| NII (HNI) Shares Offered | 5,22,000 (47.45%) |
| Retail Shares Offered | 5,22,000 (47.45%) |
| Total Shares Offered | 11,00,000 (100.00%) |
Tanvi Foods IPO opens on February 17, 2017, and closes on February 22, 2017.
| IPO Open Date | Fri, Feb 17, 2017 |
| IPO Close Date | Wed, Feb 22, 2017 |
| Tentative Listing Date | Thu, Mar 2, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 22, 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 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Incorporated in 2007, Tanvi Foods (India) Limited engages in processing, trading, and distribution of food and beverages primarily in the states of Andhra Pradesh and Telangana.
The company offers fresh corn, frozen corn, and green peas in loose, as well as packed form. It also prepares and sells corn based eatables, such as corn samosa’s, corn patties, and spring roll in loose/semi-finished form to caterers, as well as in packaged from to retailers and wholesalers. All of these packaged products are sold under own brand name "Frozen Kings".
In addition to own brand products; it operates a diversified F&B product distribution and trading business wherein the company plays the role of an intermediary between other branded product manufacturers/marketers and end point of sales such as Retailers (including Kiranas and Modern Trade Outlets) and Institutional buyers (such as Hotels, Caterers, Multiplexes etc.). TFL also operates an independent Logistics/Infrastructure services business which in addition to supporting own F&B distribution business also provides Pan India Logistics services to other distributors and players. Company’s logistics/infra services business vertical includes providing transportation services as well as Cold Storage / Warehousing facilities on per ton and per pallet basis respectively.
The Company Tanvi Foods 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 | Long term working capital requirement | 3.50 |
| 2 | Expenditure for General Corporate Purposes | 0.17 |
[Dilip Davda] Considering higher pricing, risk savvy cash surplus investors may consider investment for long term. Read detail review...
| Listing Date | March 2, 2017 |
| BSE Script Code | 540332 |
| NSE Symbol | |
| ISIN | INE978V01015 |
| Final Issue Price | ₹60 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹65.00 |
| Low | ₹60.10 |
| High | ₹65.00 |
| Last Trade | ₹60.25 |
Tanvi Foods (India) Ltd.
No.7-2-4/D, Old Canteen Building,
Sanathnagar Industrial Estate,
Hyderabad
Hyderabad, Telangana
Phone: +91 40 23817299
Email: investors@tanvifoods.com
Website: http://www.tanvifoods.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Tanvi Foods IPO is a SME IPO of 11,00,000 equity shares of the face value of ₹10 aggregating up to ₹6.60 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on February 17, 2017, and closes on February 22, 2017.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Tanvi Foods IPO using UPI as a payment gateway. Zerodha customers can apply in Tanvi Foods IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tanvi Foods IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tanvi Foods IPO opens on February 17, 2017 and closes on February 22, 2017.
Tanvi Foods IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Tanvi Foods 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 Tanvi Foods IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tanvi Foods IPO allotment status.
The Tanvi Foods IPO listing date is on Thursday, March 2, 2017.
Useful Articles
RHP