IPO Issue Details
Issue Price / Price Band₹85 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size64,67,200 shares (aggregating up to ₹54.97 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenMon, 05 Mar 2018
Subscription CloseWed, 07 Mar 2018
Anchor AllotmentSun, 04 Mar 2018
Basis of AllotmentTue, 13 Mar 2018
Initiation of RefundsWed, 14 Mar 2018
Credit of Shares to DematWed, 14 Mar 2018
Listing DateThu, 15 Mar 2018
UPI Mandate Deadline2018-03-07
Application & Investment Details
Retail — Min (1 Lots)₹1,36,000 — 1,600 shares
Retail — Max (13 Lots)₹1,768,000 (13 Lots)
HNI — Min (2 Lots)₹2,72,000 — 3,200 shares
Net Offer to Public61,42,400 shares (aggregating up to ₹52.21 Cr)
Reserved for Market Maker3,24,800 shares (aggregating up to ₹2.76 Cr)
Pre-IPO Promoter Holding1,81,00,000 shares
Post-IPO Promoter Holding2,45,65,600 shares
About Sarveshwar Foods Ltd.
Incorporated in 2015, Sarveshwar Foods Ltd is engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets. They offers procurement, storage, milling, sorting, packaging, branding and distribution of Rice.Company's product portfolio comprises of Basmati and non-Basmati rice of various kinds including white raw rice, steam rice, broken rice, brown rice and parboiled rice. Along withthe varied variety of conventional Basmati and non-Basmati rice their product portfolio also includes organic Basmati and non-Basmati rice including range of other organic products. They markets and distributes these organic food products under its brand "Nimbark".Company is selling organic products through this store viz. rice, red rice, brown rice, flours, pulses, nuts & dry fruits, spices & condiments, jaggery & sugar, breakfast cereals, edible oils, saffron, flaxseed, sesame seed. Sarveshwar's operations are based out of the Jammu Region in the State of Jammu and Kashmir.
Objects of the Issue
(Standard — DRHP pending)
Sarveshwar Foods Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of Capital Expenditure Requirements
2
Working Capital Requirements
3
General Corporate Purposes
Detailed fund allocation will be available once the company files DRHP with
SEBI.
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,81,00,000 shares
Post-IPO Promoter Holding
2,45,65,600 shares