Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Fri, Feb 17, 2017 - Wed, Feb 22, 2017
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Feb 17, 2017
IPO Close
Wed, Feb 22, 2017
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹24.70 Cr
| IPO Date | 17 to 22 Feb, 2017 |
| Listed on | Thu, Mar 2, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 11,00,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 56,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.3360 Cr) |
| Fresh Issue (Ex Market Maker) | 6,16,000 shares (agg. up to ₹4 Cr) |
| Offer for Sale | 4,28,000 shares of ₹10 (agg. up to ₹3 Cr) |
| Net Offered to Public | 10,44,000 shares (agg. up to ₹6 Cr) |
| Share Holding Pre Issue | 34,44,775 shares |
| Share Holding Post Issue | 41,16,775 shares |
| BSE Script Code | 540332 |
| ISIN | INE978V01015 |
Tanvi Foods IPO comprises a total issue size of 11,00,000 shares. The net offer to the public is 10,44,000 shares, after excluding 56,000 shares allotted on a firm basis. Of the Net offer 5,22,000 (50.00%) allocated to NII 5,22,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,22,000 | 50.00% | 47.45% |
| Retail Shares Offered | 5,22,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 56,000 | 5.09% | |
| Total Shares Offered | 11,00,000 | 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 | ₹1,20,000 |
| 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.
| 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 | Long term working capital requirement | 3.50 |
| 2 | Expenditure for General Corporate Purposes | 0.17 |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.38 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, etc | 0.04 |
| 3 | Advertisement, Printing & Stationery and Marketing Expenses | 0.05 |
| 4 | Listing Fees, Market Making fees (1st year), Regulatory & Other Expenses | 0.08 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹65.00 |
| Low | ₹60.10 |
| High | ₹65.00 |
| Last Trade | ₹60.25 |
Lead Manager Reports
Tanvi Foods IPO is a SME IPO of 11,00,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Fri, Feb 17, 2017, and closes on Wed, Feb 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 Fri, Feb 17, 2017 and closes on Wed, Feb 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 Thu, Mar 2, 2017.
