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Shree Ram Protiens IPO is a book built issue of Rs 19.90 crores.
Shree Ram Protiens IPO bidding started from January 23, 2018 and ended on January 25, 2018. The shares got listed on NSE SME on February 5, 2018.
Shree Ram Protiens IPO price band is set at ₹27 to ₹31 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹124,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Shree Ram Protiens IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Shree Ram Protiens IPO RHP for detailed information.
| IPO Date | January 23, 2018 to January 25, 2018 |
| Listing Date | February 5, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹27 to ₹31 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 6,420,000 shares (aggregating up to ₹19.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,000,000 |
| Share holding post issue | 21,420,000 |
| Market Maker portion | 324,000 shares |
Shree Ram Protiens IPO offers 6,420,000 shares. 3,048,000 (47.48%) to NII, 3,048,000 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 324,000 (5.05%) |
| NII (HNI) Shares Offered | 3,048,000 (47.48%) |
| Retail Shares Offered | 3,048,000 (47.48%) |
| Total Shares Offered | 6,420,000 (100%) |
Investors can bid for a minimum of 4000 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 | 4000 | ₹124,000 |
| Retail (Max) | 1 | 4000 | ₹124,000 |
| Lot Size Calculator | |||
Incorporated in 2008, Shree Ram Proteins Ltd is Rajkot Gujarat based company engaged in the business of de-linting and de-hulling of cotton seeds by mechanical process, oil extraction from cotton seeds and solvent extraction from cotton seeds oil cake and ground nuts.
The cotton linters are commonly used in manufacturing of papers and as raw materials for manufacture of cellulose. Cotton seeds oil cake, cotton seeds de oil cake and cotton hull are used as animal feeds. Cotton seed pre refine oil further process by refinery to convert in to edible oil.
Company’s manufacturing process is in three stages:
1. De-linting and de-hulling of Cotton seeds, this process result in manufacture of shot fiber (linter), and De-linted cotton Seeds
2. Cotton seeds oil extraction process result in pre refine cotton seeds oil and cotton seeds oil cake and
3. Solvent extraction process, result in pre refine wash oil and de-oil cotton seeds cake.
The object of the issue are:
1. Funding the working capital requirements of the company;
2. General corporate purposes.
[Dilip Davda] Considering exorbitantly priced offer, there is no harm in giving this issue a miss. (AVOID). Read detail review...
The Shree Ram Protiens IPO is subscribed 4.81 times on January 25, 2018 5:00:00 PM. The public issue subscribed 6.68 times in the retail category, times in the QIB category, and 2.94 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.94 |
| Retail | 6.68 |
| Total | 4.81 |
| Listing Date | February 5, 2018 |
| BSE Script Code | |
| NSE Symbol | SRPL |
| ISIN | INE008Z01012 |
| Final Issue Price | ₹31 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹31.00 |
| ₹28.95 |
| ₹28.95 |
| ₹33.45 |
| ₹32.55 |
Shree Ram Protiens Ltd
Imperial Heights Tower B,
Off. No.B 206 150 Ft Ring Road,
Rajkot - 360005
Phone: 91-0281-2581152
Email: info@shreeramproteinsns.com
Website: http://www.shreeramproteins.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: srpl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Shree Ram Protiens IPO is a SME IPO of 6,420,000 equity shares of the face value of ₹10 aggregating up to ₹19.90 Crores. The issue is priced at ₹27 to ₹31 per share. The minimum order quantity is 4000 Shares.
The IPO opens on January 23, 2018, and closes on January 25, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Shree Ram Protiens IPO opens on January 23, 2018 and closes on January 25, 2018.
Shree Ram Protiens IPO lot size is 4000 Shares, and the minimum amount required is ₹124,000.
You can apply in Shree Ram Protiens 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 Shree Ram Protiens IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Shree Ram Protiens IPO allotment status.
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