IPO: Shanti Overseas (India) Limited

Shanti Overseas ipo

Last Updated-Jul 27, 2017 @ 1:41 pm

♦ ISSUE PERIOD : 21-July-2017 to 26-July-2017
♦ Lot Size: 3000 Shares
♦ Issue Size: 20,04,000 Shares


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Subscription Data: (Will be updated soon)

Shanti Overseas (India) Limited was incorporated in 2011 by conversion of a partnership firm “M/s Shanti Overseas” for mainly carrying out the trading business of agri-commodities. Presently, Shanti Overseas (India) Limited is engaged in manufacturing of soya products which includes, soya de-oiled cakes (soya meal), soya crude oil, degummed oil and soya lecithin, and is also into primary processing and trading of agri commodities such as chickpeas, soyabeans, cracked corn, maize, yellow peas, pulses etc. At present, their operations relating to primary processing of agri-commodities are carried from the unit – I situated at Palda, Dist. Indore, and manufacturing operations of soya bean products are being carried from Unit - II situated at Sonvai, Dist. Indore. In Unit-II, they carry seed processing and oil extraction activities of soyabeen seeds through a mechanical process, which results in production of organic soyameal and organic soya crude oil. They do not use any solvent to release the soyabean oil from the seeds. Presently, they outsource production of soya lecithin and soya degummed oil on job work to third parties.

Source: DRHP


Bid Details for SHANTI as on 26-Jul-2017 23:57:07 IST
Category No of shares bid for
Qualified Institutional Buyers(QIBs) 1,86,000
Foreign Institutional Investors(FIIs) 0
Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 0
Mutual funds 0
Others 1,86,000
Non Institutional Investors 98,88,000
Corporates 2,37,000
Individuals(Other than RIIs) 91,77,000
others 4,74,000
Retail Individual Investors(RIIs) 1,87,89,000
Cut Off 0
Price bids 1,87,89,000
Total 2,88,63,000

Objects of the Issue:

The Issue includes a fresh Issue of 20,04,000 Equity Shares of the Company at an Issue Price of Rs. 50 per Equity Share. They intend
to utilize the proceeds of the Issue to meet the following objects:-
1. To purchase machineries for our proposed Soyabean processing plant at Dhannad, Dist. Indore, Madhya Pradesh
2. To make investment in our Subsidiary Company, Shaan Agro Oils & Extractions Private Limited.
3. To meet General Corporate Expenses
4. To meet Issue Expenses

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Series EQ
Issue Period 21-Jul-2017 to 26-Jul-2017
Post issue Modification Period 27-Jul-2017 (10.00 a.m. to 1.00 p.m.)
Issue Size Public issue of 20,04,000 Equity Shares (including Market Maker reservation portion of 1,38,000 equity shares)
Issue Type Fixed Price
Issue Price Rs50/-
Face Value Rs.10/-
Tick Size NA
Market Lot 3000 Equity shares and in multiples thereof
Minimum Order Quantity 3000 Equity shares
Maximum Subscription Amount for Retail Investor Rs.200000
IPO Market Timings 10.00 a.m. to 5.00 p.m.
Book Running Lead Managers HEM SECURITIES LIMITED
Categories FI, IC, MF, FII, OTH, CO, IND, and NOH
Address of the Registrar C-101, 1st Floor, 247 Park,L.B.S. Marg, Vikhroli (West),Mumbai-400 083
Contact person name number and Email id Ms. Shanti Gopal Krishnan,soil.ipo@linkintime.co.in

Source: NSE



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