IPO Issue Details
Issue Price / Price Band₹50 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size20,04,000 shares (aggregating up to ₹10.02 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 21 Jul 2017
Subscription CloseWed, 26 Jul 2017
Anchor AllotmentThu, 20 Jul 2017
Basis of AllotmentTue, 01 Aug 2017
Initiation of RefundsWed, 02 Aug 2017
Credit of Shares to DematWed, 02 Aug 2017
Listing DateThu, 03 Aug 2017
UPI Mandate Deadline2017-07-26
Application & Investment Details
Retail — Min (1 Lots)₹1,50,000 — 3,000 shares
Retail — Max (13 Lots)₹1,950,000 (13 Lots)
HNI — Min (2 Lots)₹3,00,000 — 6,000 shares
Net Offer to Public18,66,000 shares (aggregating up to ₹9.33 Cr)
Reserved for Market Maker1,38,000 shares (aggregating up to ₹0.6900 Cr)
Pre-IPO Promoter Holding54,00,000 shares
Post-IPO Promoter Holding74,04,000 shares
About Shanti Overseas (India) Ltd
Incorporated in 2011, Shanti Overseas (India) Limited is engaged in the business of organic Soybean, Soymeal and by products. Company manufacture soya products which includes, soya de-oiled cakes (soya meal), soya crude oil, degummed oil and soya lecithin. They are also into primary processing and trading of agri commodities such as chickpeas, soyabeans, cracked corn, maize, yellow peas, pulses etc.Soil's leading export house based in central India (Indore) with overseas operations covering from USA to EUROPE. Company is in process of setting up a processing plant in the area of Dhannad, dist. Indore, for production of edible partially deffated organic Soya Flour, textured Soy Protein, expeller pressed physical refined oil and Organic Soya Lecithin. Company's major source of revenue is from the exports of soya products and agri-commodities. They markets garbanzo bean (kabuli chana) primarily under their registered brand name “Kitchen Pride”. Major foreign countries to which their product is exported includes USA, Canada, Turkey, Dubai, Pakistan Sri Lanka, Spain etc.
Objects of the Issue
Shanti Overseas (India) Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To purchase machineries for the proposed Soyabean processing plant at Dhannad, Dist. Indore, Madhya Pradesh
2.74
2
To make investment in the Subsidiary Company, Shaan Agro Oils & Extractions Private Limited
4.55
3
To meet General Corporate Expenses
1.93
Shareholding & Lock-in
Pre-IPO Promoter Holding
54,00,000 shares
Post-IPO Promoter Holding
74,04,000 shares