The Rs 31.50 crore Sita Shree IPO is a book-built offering. Starting on March 11, 2008, the Sita Shree IPO bidding round finished on March 14, 2008. On April 7, 2008, the shares were listed on the BSE and NSE. The pricing range for the Sita Shree IPO is ₹27 to ₹30 per share. An application must have a minimum lot size of 200 shares. Retail investors are obliged to invest a minimum of ₹6,000.
Sita Shree Food Products Limited was founded in 1997 and is a company that processes pulses and wheat. The company’s manufacturing facility, which occupies about 2.5 acres of land in Indore, is easily accessible by road from nearby large towns like Nagpur and Ahmadabad. The company offers a variety of products, including Suji, Chana Dal, Maida, Rawa, and Wheat Flour. These goods are sold under proprietary brands, such as “Sita Shree Regular” and “Sita Shree Gold.” In order to meet the growing demand, the company now plans to build a solvent
extraction plant, a lecithin plant, and an additional flour mill. The planned project will be located only 8 km from the current site in Badiakima, Indore.
During the fiscal year that concluded on March 31, 2007, the company had revenues of Rs. 8074.17 lacs. Currently, the company supplies its goods to significant retailers, including Pantaloon Retail and Reliance Retail. Satnam Overseas, Kishanlal and Sons, Bhavanji Thakarshi and Company, Manilal Shyamji, Shyam Marketing, Raghuram Enterprises, Sondurga Sales, and Sumermal Surana Traders are among the other clientele.
Sita Shree IPO Details
| IPO Date | March 11, 2008 to March 14, 2008 |
| Listing Date | April 7, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹27 to ₹30 per share |
| Lot Size | 200 Shares |
| Total Issue Size | 10,500,000 shares (aggregating up to ₹31.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Sita Shree IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,000 |
| Retail (Max) | 33 | 6600 | ₹198,000 |
Objects of the Issue (Sita Shree IPO Objectives)
The objects of the issue are to achieve the benefits of listing on the stock exchanges and to raise capital to:
- Meet general corporate purposes;
- Meet the expenses of the issue in order to achieve the benefits of listing on the stock exchanges.
Sita Shree IPO Listing Details
| Listing Date | April 7, 2008 |
| BSE Script Code | 532961 |
| NSE Symbol | SITASHREE |
| ISIN | INE686I01011 |
| Final Issue Price | ₹30 per share |
Sita Shree Listing Day Trading Information
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹30.00 | ₹30.00 |
| Open | ₹30.00 | ₹35.00 |
| Low | ₹30.00 | ₹33.95 |
| High | ₹46.65 | ₹46.70 |
| Last Trade | ₹43.90 | ₹43.70 |
Sita Shree Food Products Ltd Contact Details
Sita Shree Food Products Ltd
332/4/2, R.D. Udhyog Nagar,
Palda Nemawar road,
Mathurawalas Colony, Indore, 452001, India
Phone: + 91-731-286-2122
Email: [email protected]
Website: http://www.sitashri.com
Sita Shree IPO Registrar
Ankit Consultancy Private Limited
Phone: 0731 491 298 or 492 698
Email: [email protected]
Sita Shree IPO FAQs
Q1. What is Sita Shree IPO?
Ans. Sita Shree IPO is a main-board IPO of 10,500,000 equity shares of the face value of ₹10 aggregating up to ₹31.50 Crores. The issue is priced at ₹27 to ₹30 per share. The minimum order quantity is 200 Shares. The IPO opens on March 11, 2008, and closes on March 14, 2008. Ankit Consultancy Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Q2. When Sita Shree IPO will open?
Ans. The Sita Shree IPO opens on March 11, 2008 and closes on March 14, 2008.
Q3. What is the lot size of Sita Shree IPO?
Ans. Sita Shree IPO lot size is 200 Shares, and the minimum amount required is ₹6,000.
Q4. When is Sita Shree IPO allotment?
Ans. The finalization of Basis of Allotment for Sita Shree IPO will be done on [.], and the allotted shares will be credited to your demat account by [.].
Q5. When is Sita Shree IPO listing date?
Ans. The Sita Shree IPO listing date is on April 7, 2008.
