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Sarveshwar Foods IPO is a book built issue of Rs 54.97 crores.
Sarveshwar Foods IPO bidding started from March 5, 2018 and ended on March 7, 2018. The shares got listed on NSE SME on March 15, 2018.
Sarveshwar Foods IPO price band is set at ₹83 to ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000.
Asit C. Mehta Investment Interrmediates Ltd, Indian Overseas Bank, Keynote Financial Services Ltd and Small Industries Development Bank Of India (Sidbi) are the book running lead managers of the Sarveshwar Foods IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Sarveshwar Foods IPO RHP for detailed information.
| IPO Date | March 5, 2018 to March 7, 2018 |
| Listing Date | March 15, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹83 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,467,200 shares (aggregating up to ₹54.97 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 18,100,000 |
| Share holding post issue | 24,565,600 |
| Market Maker portion | 324,800 shares |
Sarveshwar Foods IPO offers 6,792,000 shares. 3,071,200 (45.22%) to NII, 3,071,200 (45.22%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 324,800 (4.78%) |
| NII (HNI) Shares Offered | 3,071,200 (45.22%) |
| Retail Shares Offered | 3,071,200 (45.22%) | Other Shares Offered | 324,800 (4.78%) |
| Total Shares Offered | 6,792,000 (100%) |
Investors can bid for a minimum of 1600 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 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
| Lot Size Calculator | |||
Incorporated in 2015, Sarveshwar Foods Ltd is engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets. They offers procurement, storage, milling, sorting, packaging, branding and distribution of Rice.
Company's product portfolio comprises of Basmati and non-Basmati rice of various kinds including white raw rice, steam rice, broken rice, brown rice and parboiled rice. Along with
the varied variety of conventional Basmati and non-Basmati rice their product portfolio also includes organic Basmati and non-Basmati rice including range of other organic products. They markets and distributes these organic food products under its brand "Nimbark".
Company is selling organic products through this store viz. rice, red rice, brown rice, flours, pulses, nuts & dry fruits, spices & condiments, jaggery & sugar, breakfast cereals, edible oils, saffron, flaxseed, sesame seed. Sarveshwar's operations are based out of the Jammu Region in the State of Jammu and Kashmir.
The object of the issue are:
1. Part finance long term working capital requirement;
2. Invest in subsidiary;
3. General Corporate Purpose; and
4. Meet the expenses of the issue.
[Dilip Davda] Off late we have seen fancy for Basmati rice counters on the bourses that have witnessed mega surge in last few months, due to favorable policy for the sector. Reasonable pricing makes this issue an attractive bet. Investment may be considered for short to long term. Read detail review...
The Sarveshwar Foods IPO is subscribed 1.64 times on March 7, 2018 5:00:00 PM. The public issue subscribed 1.83 times in the retail category, times in the QIB category, and 1.13 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 1.13 |
| Retail | 1.83 |
| Total | 1.64 |
| Listing Date | March 15, 2018 |
| BSE Script Code | |
| NSE Symbol | SARVESHWAR |
| ISIN | INE324X01018 |
| Final Issue Price | ₹85 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹85.00 |
| ₹83.00 |
| ₹68.05 |
| ₹83.00 |
| ₹70.55 |
Sarveshwar Foods Ltd
Sarveshwar House,
Below Gummat,
Jammu - 180001
Phone: +91-191-2547391
Email: investorrelations@sarveshwarrice.com
Website: http://www.sarveshwarrice.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: investor@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Sarveshwar Foods IPO is a SME IPO of 6,467,200 equity shares of the face value of ₹10 aggregating up to ₹54.97 Crores. The issue is priced at ₹83 to ₹85 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 5, 2018, and closes on March 7, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Sarveshwar Foods IPO opens on March 5, 2018 and closes on March 7, 2018.
Sarveshwar Foods IPO lot size is 1600 Shares, and the minimum amount required is ₹136,000.
You can apply in Sarveshwar Foods 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 Sarveshwar Foods IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sarveshwar Foods IPO allotment status.
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