IPO Issue Details
Issue Price / Price Band₹26 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size16,20,000 shares (aggregating up to ₹4.21 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 21 Mar 2018
Subscription CloseFri, 23 Mar 2018
Anchor AllotmentTue, 20 Mar 2018
Basis of AllotmentThu, 29 Mar 2018
Initiation of RefundsFri, 30 Mar 2018
Credit of Shares to DematFri, 30 Mar 2018
Listing DateWed, 04 Apr 2018
UPI Mandate Deadline2018-03-23
Application & Investment Details
Retail — Min (1 Lots)₹1,04,000 — 4,000 shares
Retail — Max (13 Lots)₹1,352,000 (13 Lots)
HNI — Min (2 Lots)₹2,08,000 — 8,000 shares
Net Offer to Public15,36,000 shares (aggregating up to ₹3.99 Cr)
Reserved for Market Maker84,000 shares (aggregating up to ₹0.2184 Cr)
Pre-IPO Promoter Holding43,81,685 shares
Post-IPO Promoter Holding60,01,685 shares
About Continental Seeds & Chemicals Ltd.
Incorporated in 1983, Continental Seeds and Chemicals Limited is a Delhi based company engaged in the business of developing, processing, grading and supplying of all kind of agricultural foundation and certified seeds and trading of Mentha Oil.Continental Seeds has two processing units at:i) Ram Raj Road, Bazpur, Distt. Udhamsingh Nagar, Uttrakhand -262401; andii) Village- Rahiya, Opp. Roadways work shop on Kanpur Orai Highway, Orai, Distt. Jallaun, U.P.The total production capacity of company is 7080 MT per annum out of which around 45% is currently used.The Company has 15 employees in its payroll. It also employs temporary workers on per day wages basis.
Objects of the Issue
Continental Seeds & Chemicals Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To part finance working capital requirements of the Company
3.02
2
2 General corporate purposes.
0.74
Shareholding & Lock-in
Pre-IPO Promoter Holding
43,81,685 shares
Post-IPO Promoter Holding
60,01,685 shares