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L.T. Overseas Limited IPO (LT Overseas IPO) Detail

November 27, 2006 - November 30, 2006

LT Overseas IPO is a book built issue of Rs 39.40 crores.

LT Overseas IPO bidding started from November 27, 2006 and ended on November 30, 2006. The shares got listed on BSE, NSE on December 18, 2006.

LT Overseas IPO price band is set at ₹50 to ₹56 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹7,000.

Il&Fs Investsmart Securities Ltd and Uti Securities Ltd are the book running lead managers of the LT Overseas IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to LT Overseas IPO RHP for detailed information.

LT Overseas IPO Details

IPO Date November 27, 2006 to November 30, 2006
Listing Date December 18, 2006
Face Value ₹10 per share
Price Band ₹50 to ₹56 per share
Lot Size 125 Shares
Total Issue Size7,036,714 shares
(aggregating up to ₹39.40 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue15,233,386
Share holding post issue22,269,100

LT Overseas IPO Lot Size

Investors can bid for a minimum of 125 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 125 ₹7,000
Retail (Max) 28 3500 ₹196,000
Lot Size Calculator

LT Overseas IPO Promoter Holding

Share Holding Pre Issue 93.37%
Share Holding Post Issue 63.87%

About L.T. Overseas Limited

Incorporated in 1965, LT Overseas is in the business of milling, processing and marketing of branded & non-branded rice and manufacturing of rice food products in the domestic and overseas market. Their operations involve contract farming, procurement, storage, processing, packaging and distribution. LT Overseas also engaged in research & development to add value to rice and rice food products. Their product portfolio comprises brown rice, white rice, steamed rice, parboiled rice, organic rice, quick cooking rice, value added rice and flavored rice in the ready to cook segment.

LT Overseas has presence in more than 35 countries including USA, Canada, UK and the European Union. LT Overseas has ISO 9000:2001, HACCP and the SQF certification in quality.

LT Overseas owns 19 brands. Daawat Basmati Rice is one of the very popular brand among Basmati Rice all over the world.

Key Performance Indicator

Objects of the Issue (LT Overseas IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Expansion, Automation and Modernization at Sonepat plant, Haryana
  A. To set up a new Parboiled rice (sella) processing and milling capacity.
  B. To set up a new milling line for producing value added rice.
  C. To add balancing equipments and Automation of existing facility.
  D. To set up Silos and Flat storage facility.
2. Generating power for captive consumption.

The name of the company is changed to 'LT Foods Ltd.'.

LT Overseas IPO Prospectus

LT Overseas IPO Rating

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LT Overseas IPO Listing Details

Listing Date December 18, 2006
BSE Script Code 532783
NSE Symbol DAAWAT
ISIN INE818H01012
Final Issue Price ₹56 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹56.00
₹60.00
₹51.00
₹62.90
₹55.00
NSE
₹56.00
₹60.00
₹51.25
₹61.95
₹53.20

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L.T. Overseas Limited Contact Details

L.T. Overseas Limited
L.T. Overseas Limited
A 21, Green Park,
Main Aurobindo Marg, New Delhi-110 016
Phone: +91-11-26859244
Email: ipo@ltoverseas.com
Website: http://www.LTOverseas.com

LT Overseas IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

LT Overseas IPO - Buy or Not

LT Overseas IPO Recommendation Summary

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LT Overseas IPO FAQs

LT Overseas IPO is a main-board IPO of 7,036,714 equity shares of the face value of ₹10 aggregating up to ₹39.40 Crores. The issue is priced at ₹50 to ₹56 per share. The minimum order quantity is 125 Shares.

The IPO opens on November 27, 2006, and closes on November 30, 2006.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The LT Overseas IPO opens on November 27, 2006 and closes on November 30, 2006.

LT Overseas IPO lot size is 125 Shares, and the minimum amount required is ₹7,000.

You can apply in LT Overseas IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for LT Overseas IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the LT Overseas IPO allotment status.

The LT Overseas IPO listing date is on December 18, 2006.
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LT Overseas IPO Message Board

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12 Comments

12. Dhananjay |   Link |  Bookmark |December 16, 2006 5:05:38 AM
When is the allotment for LT overseas? I am concerned...no news.
11. sachin |   Link |  Bookmark |December 6, 2006 4:02:35 AM
Anyone knows it's opening date on NSE.
10. suresh R |   Link |  Bookmark |December 4, 2006 11:21:22 PM
Hi Vikram,
I applied for 125 shares@56.Let me know any chances are there for me to get the alotment?
9. Vikram R |   Link |  Bookmark |December 1, 2006 2:54:51 PM
Final subscribtion figure L.T.Overseas Ltd

Issue is subscribed 7.18 Times
8. Vikram R |   Link |  Bookmark |November 30, 2006 9:52:44 AM
L.T.Overseas Ltd.as on 29-Nov-2006 20:00:00 IST

No. of times issue is subscribed 2.41
7. Vikram R |   Link |  Bookmark |November 29, 2006 7:41:32 AM
L.T.Overseas Ltd. bidding status as on 28-Nov-2006 17:00:00 IST

No. of times issue is subscribed 1.49 (Two more days to go)
6. sachin |   Link |  Bookmark |November 28, 2006 10:51:55 PM
Anyone knows listing date of LT Overseas IPO?
5. Ram |   Link |  Bookmark |November 28, 2006 6:39:33 AM
All, FIIs have not applied for this issue (Ref NSE website).. but Mutual funds & Domestic FIs have in bulk. Point to Note is MFs have not applied for Sobha Developer... what do you say.. is Ruchira a good issue... or is it a case of buy in bulk and sell on listing.........
4. Shri |   Link |  Bookmark |November 28, 2006 6:00:48 AM
Should I Apply For this IPO?
3. sachin |   Link |  Bookmark |November 27, 2006 10:02:43 PM
LT overseas is better or Kovilpatti Mills?
Please recommend any one IPO
2. Jai |   Link |  Bookmark |November 26, 2006 10:50:28 AM
Dear Vijay, Are you sure ? Can you give any rationale for your conviction ?
1. Vijay |   Link |  Bookmark |November 26, 2006 1:46:47 AM
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