The Sarveshwar Foods date has been confirmed from March 5, 2018 and ended on March 7, 2018.
Sarveshwar Foods Developers IPO is a fixed price issue of Rs 54.97 crores. The price band is set at ₹83 to ₹85 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹136,000.
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Bidding Dates
March 5-7
Price Range
₹83 to ₹85 per share
Face Value
₹10 per share
GMP
₹5.35
Sarveshwar Foods IPO GMP
The Sarveshwar Foods IPO GMP is ₹5.35.
IPO Overview
Sarveshwar Foods’ IPO is a book-built offering worth Rs 54.97 crores. The IPO auction for Sarveshwar Foods began on March 5, 2018 and finished on March 7, 2018. On March 15, 2018, the shares were listed on the NSE SME. The pricing band for Sarveshwar Foods’ IPO is established at ₹83 to ₹85 per share. An application requires a minimum lot size of 1600 Shares. Retail investors must make a minimum investment of ₹136,000.
Through this store, the company sells organic products like as rice, red rice, brown rice, flours, pulses, nuts & dry fruits, spices & condiments, jaggery & sugar, breakfast cereals, edible oils, saffron, flaxseed, and sesame seed. Sarveshwar’s operations are based in the Jammu Region of Jammu & Kashmir.
Sarveshwar Foods IPO Details
| IPO Date | March 5, 2018 to March 7, 2018 |
| Listing Date | March 15, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹83 to ₹85 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 6,467,200 shares (aggregating up to ₹54.97 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 324,800 shares |
Sarveshwar Foods IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹136,000 |
| Retail (Max) | 1 | 1600 | ₹136,000 |
Sarveshwar Foods IPO Listing Details
| Listing Date | March 15, 2018 |
| BSE Script Code | |
| NSE Symbol | SARVESHWAR |
| ISIN | INE324X01018 |
| Final Issue Price | ₹85 per share |
Company Profile
Sarveshwar Foods Ltd, founded in 2015, is in the business of processing and marketing branded and unbranded basmati and non-basmati rice in domestic and international markets. Rice acquisition, storage, grinding, sorting, packaging, branding, and distribution are all services provided by them. The company’s product line includes numerous types of Basmati and non-Basmati rice, such as white raw rice, steam rice, broken rice, brown rice, and parboiled rice. In addition to a wide choice of conventional Basmati and non-Basmati rice, their product line
includes organic Basmati and non-Basmati rice, as well as a number of other organic items. They market and distribute these organic foods under the “Nimbark” brand.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | investor@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Sarveshwar Foods Ltd |
| Phone number | +91-191-2547391 |
| Email ID | investorrelations@sarveshwarrice.com |
| Website | sarveshwarrice.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
