IPO Issue Details
Issue Price / Price Band₹55 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size2,000 Shares per Lot
Total Issue Size35,00,000 shares (aggregating up to ₹19.25 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 14 Sep 2017
Subscription CloseMon, 18 Sep 2017
Anchor AllotmentWed, 13 Sep 2017
Basis of AllotmentSun, 24 Sep 2017
Initiation of RefundsMon, 25 Sep 2017
Credit of Shares to DematMon, 25 Sep 2017
Listing DateTue, 26 Sep 2017
UPI Mandate Deadline2017-09-18
Application & Investment Details
Retail — Min (1 Lots)₹1,10,000 — 2,000 shares
Retail — Max (13 Lots)₹1,430,000 (13 Lots)
HNI — Min (2 Lots)₹2,20,000 — 4,000 shares
Net Offer to Public33,20,000 shares (aggregating up to ₹18.26 Cr)
Reserved for Market Maker1,80,000 shares (aggregating up to ₹0.9900 Cr)
Pre-IPO Promoter Holding1,26,32,971 shares
Post-IPO Promoter Holding1,32,32,971 shares
Fresh Issue Shares4,20,000 shares (aggregating up to ₹2.31 Cr)
Offer for Sale Shares29,00,000 shares of ₹10 (aggregating up to ₹15.95 Cr)
About Sri Krishna Metcom Ltd
Incorporated in 2008, Sri Krishna Metcom Ltd is engaged in the business of processing of non-basmati and basmati rice in India. They also sells rice bran, a by-product of rice to oil manufacturers. The company offers its products to various wholesalers and retailers under the BABA, PANCHAKANYA, SINGHAM, and MIDDU BHAI brands.They are the one of the largest processors of non-basmati rice with a milling capacity of 350 Metric tons per day in the State of Jharkhand. They process varieties of rice with the help of state of the art plant and machinery of International Standards i.e. Automatic Ultra Modern State of Art Buhler's Swiss Technology Rice Mill.
Objects of the Issue
Sri Krishna Metcom Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Working Capital requirement
3.20
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,26,32,971 shares
Post-IPO Promoter Holding
1,32,32,971 shares