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Vimal Oil FPO is a fixed price issue .
Vimal Oil FPO bidding started from Mar 14, 2007 and ended on Mar 23, 2007.
Vimal Oil FPO price is ₹30.00 per share .
Centrum Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Vimal Oil FPO RHP for detailed Information.
| IPO Date | March 14, 2007 to March 23, 2007 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | |
| Issue Type | Fixed Price FPO |
| Listing At | BSE |
| Share Holding Pre Issue | 45,50,000 shares |
| Share Holding Post Issue | 1,69,46,667 shares |
Vimal Oil FPO opens on March 14, 2007, and closes on March 23, 2007.
| IPO Open Date | Wed, Mar 14, 2007 |
| IPO Close Date | Fri, Mar 23, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 23, 2007 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Vimal Oil and Foods Limited is BSE listed company (BSE Code: 519373), engaged in the production of edible oil. VOFL export the De-oiled Cake (DOC), a by-product under the solvent extraction to various foreign countries.
VOFL Product Range includes oils of Cottonseed, Groundnut, Soya, mustard and palm. The Refined Oil is sold in the local market under the 'VIMAL' Brand name
VOFL also has a Wind Mill which is situated at village Kalyanpur, Dist. Jamnagar with a capacity of 0.225 Mg Watt. The electricity generated by the plant is supplied to Gujarat Electricity Board and gets the credit against Electricity purchased from Gujarat Electricity Board for its plants at other locations.
VOFL has a Milk Powder plant and planning to diversify into fast growing Snack Food and Food Processing sector.
| KPI | Values |
|---|---|
| RoNW | 18.4% |
The Company Vimal Oil IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | To diversify into the production of Snacks Food like Chips and 3464.64 extruded snack, direct fried snacks, and potato chips etc. by setting up the State-of-art production facilities | 346.46 |
| 2 | To meet the Working Capital Margin requirement for the proposed 380.36 project as well as the existing operations | 38.04 |
| 3 | To meet the expenses of the issue | 28.75 |
31st March 2007
Indbank Merchant Banking Services Ltd acting as the co-lead manager of the composite issue of Vimal Oil & Foods Ltd has informed BSE that, the Rights issue of Vimal Oil & Foods Ltd was subscribed to the extent of Rs 757.12 lakhs against Rs 750 lakhs making subscription upto 1.01 times and the public issue was subscribes to the extent of Rs 1555 lakhs against Rs 2150 lakhs making subscription upto 0.72 times. Pursuant to clause 6.13.1.7(c) as per SEBI Guidelines 'Minimum Subscription' has not been satisfied jointly for both rights and public issue, hence the issue has been called off.
Vimal Oil & Foods Ltd.
Vimal Oil and Foods Limited,
4th Floor, Heritage, and Nr. The Grand Bhagwati,
Sarkhej Gandhinagar Highway,
Ahmedabad, Gujarat, 380054
Phone: +91-79- 26841851
Email: investor@vimaloil.com
Website: http://www.vimaloil.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: vofl@intimespectrum.com
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Vimal Oil FPO is a main-board FPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at ₹30 per share. The minimum order quantity is .
The FPO opens on March 14, 2007, and closes on March 23, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Vimal Oil FPO using UPI as a payment gateway. Zerodha customers can apply in Vimal Oil FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vimal Oil FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vimal Oil FPO opens on March 14, 2007 and closes on March 23, 2007.
Vimal Oil FPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Vimal Oil FPO 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 Vimal Oil FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Vimal Oil FPO allotment status.
The Vimal Oil FPO listing date is not yet announced. The tentative date of Vimal Oil FPO listing is [.].
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