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 Size11,40,000 shares (aggregating up to ₹5.70 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 29 Jul 2015
Subscription CloseFri, 31 Jul 2015
Anchor AllotmentTue, 28 Jul 2015
Basis of AllotmentThu, 06 Aug 2015
Initiation of RefundsFri, 07 Aug 2015
Credit of Shares to DematFri, 07 Aug 2015
Listing DateWed, 12 Aug 2015
UPI Mandate Deadline2015-07-31
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 Public10,80,000 shares (aggregating up to ₹5.40 Cr)
Reserved for Market Maker60,000 shares (aggregating up to ₹0.3000 Cr)
Pre-IPO Promoter Holding31,62,079 shares
Post-IPO Promoter Holding43,02,079 shares
About Mangalam Seeds Ltd.
Incorporated in 2011, Mangalam Seeds Limited is engaged in producing high quality seeds with specialization in spices and forage crops. Company offers a wide range of seeds in categories like research seeds and hybrid seeds.Research seeds are being produced by a backward integration process and offers natural nutrient qualities. These seeds require intensive research and are also called as pure seeds.Hybrid seeds on the other hand, are produced through open pollination and cross pollination process.Company has developed 16 varieties of seeds as of July 2015. Company also has a collection of around 976 varieties of germplasm in various crops. Mangalam Seeds products are being marketed under various brand names like Eklavya, Volina, Leetos, Juddo etc. Company has obtained 15 trademarks and already applied for 55 others to secure these brand names and logos.
Objects of the Issue
Mangalam Seeds Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Funding Working Capital Requirement
5.20
2
2 Funding Issue Expenses
0.52
Shareholding & Lock-in
Pre-IPO Promoter Holding
31,62,079 shares
Post-IPO Promoter Holding
43,02,079 shares