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Vidli Restaurants IPO is a fixed price issue of ₹1.31 crores. The issue is entirely a fresh issue of 0.13 crore shares of ₹1.31 crore.
Vidli Restaurants IPO bidding started from Feb 3, 2016 and ended on Feb 5, 2016. The shares got listed on BSE SME on Feb 15, 2016.
Vidli Restaurants IPO price is ₹10.00 per share . The lot size for an application is 10,000. The minimum amount of investment required by an individual investor (retail) is ₹1,00,000 (10000 shares). The minimum lot size investment for HNI is 3 lots (30,000 shares), amounting to ₹3,00,000.
Pantomath Capital Advisors Pvt.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 BCB Brokerage Pvt.Ltd..
Refer to Vidli Restaurants IPO RHP for detailed Information.
| IPO Date | February 3, 2016 to February 5, 2016 |
| Listing Date | February 15, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹10 per share |
| Lot Size | 10,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,10,000 shares (aggregating up to ₹1.31 Cr) |
| Reserved for Market Maker | 70,000 shares BCB Brokerage Pvt.Ltd. (aggregating up to ₹0.0700 Cr) |
| Net Offered to Public | 12,40,000 shares (aggregating up to ₹1.24 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 30,20,000 shares |
| Share Holding Post Issue | 43,30,000 shares |
Vidli Restaurants IPO offers total 13,10,000 shares. Out of which 6,20,000 (47.33%) allocated to NII, 6,20,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 70,000 (5.34%) |
| NII (HNI) Shares Offered | 6,20,000 (47.33%) |
| Retail Shares Offered | 6,20,000 (47.33%) |
| Total Shares Offered | 13,10,000 (100.00%) |
Vidli Restaurants IPO opens on February 3, 2016, and closes on February 5, 2016.
| IPO Open Date | Wed, Feb 3, 2016 |
| IPO Close Date | Fri, Feb 5, 2016 |
| Tentative Listing Date | Mon, Feb 15, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 5, 2016 |
Investors can bid for a minimum of 10,000 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 | 10,000 | ₹1,00,000 |
| Retail (Max) | 2 | 20,000 | ₹2,00,000 |
| HNI (Min) | 3 | 30,000 | ₹3,00,000 |
Vidli Restaurant Ltd. (VRL) is a "Kamats" group company running chains of restaurants serving hygienic standardize food items in a quick serve format at various outlets on national highways, state highways and cities. The group is known for its brands "Vithal Kamat" and' Kamats'. The company has entered into Master Franchisee agreement in last August with MNM group for a period of 5 years wherein the said group would have exclusive rights to give franchisee in Gujarat region.
The Company started its operations in November 2013. Since then, the company started expanding its restaurant chain and concentrated on standardising its products and services through centralised purchasing and training system. As on December 31, 2015 it had 39 restaurants in western and central territories on major highways.
Company largely targets affordable segment of the market through our outlets. Presently, our operations are categorised into family dining, khaojao and kamat's cornermodel.
The Company Vidli Restaurants 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 | Finance establishment of new food joints | 1.04 |
| 2 | General Corporate Purposes | 0.04 |
| 3 | Issue Expenses | 0.36 |
[Dilip Davda] <p>This being at par issue in hotel chain segment, risks aver investors may consider parking of their surplus funds for long term.</p> Read detail review...
| Listing Date | February 15, 2016 |
| BSE Script Code | 539659 |
| NSE Symbol | |
| ISIN | INE564S01019 |
| Final Issue Price | ₹10 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹10.00 |
| Open | ₹12.00 |
| Low | ₹12.00 |
| High | ₹12.00 |
| Last Trade | ₹12.00 |
Vidli Restaurants Ltd.
Office No. 26, Building-1
Ajay Mittal Industrial Premises Limited
Marol, Andheri (East) ,
Mumbai, Maharashtra, 400059
Phone: +91 22 66978736
Email: info@kamatsrestaurants.com
Website: http://kamatsrestaurants.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Vidli Restaurants IPO is a SME IPO of 13,10,000 equity shares of the face value of ₹10 aggregating up to ₹1.31 Crores. The issue is priced at ₹10 per share. The minimum order quantity is 10000.
The IPO opens on February 3, 2016, and closes on February 5, 2016.
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 Vidli Restaurants IPO using UPI as a payment gateway. Zerodha customers can apply in Vidli Restaurants IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vidli Restaurants IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vidli Restaurants IPO opens on February 3, 2016 and closes on February 5, 2016.
Vidli Restaurants IPO lot size is 10000, and the minimum amount required for application is ₹1,00,000.
You can apply in Vidli Restaurants 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 Vidli Restaurants IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vidli Restaurants IPO allotment status.
The Vidli Restaurants IPO listing date is on Monday, February 15, 2016.
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