The Seven Hills Beverages IPO date has been confirmed to have started on August 18, 2017 and ended on August 23, 2017.
Using an IPO, Seven Hills Beverages is seeking to raise Rs 4.16 crore. Its price is ₹26 per share and the minimum lot size for an application is 4000 shares. The minimum amount of investment required by retail investors is ₹104,000.
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Bidding Dates
August 18-23
Price Range
₹26 per share
Face Value
₹10 per share
GMP
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Seven Hills Beverages IPO GMP
The Seven Hills Beverages Limited IPO GMP is ₹[.].
IPO Overview
The Seven Hills Beverages Initial Public Offering (IPO) is a fixed-priced issue of Rs 4.16 crore. The IPO bidding for Seven Hills Beverages began on August 18, 2017 and closed on August 23, 2017. On Tuesday, August 29, 2017, the allotment for the Seven Hills Beverages IPO was completed. The Seven Hills Beverages IPO will be listed on the NSE SME on Friday, September 1, 2017. The IPO price for Seven Hills Beverages is $26 per share. A lot size of 4000 shares is required for an application. Retail investors must make a minimum commitment of $100,000.
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Seven Hills Beverages IPO Details
| IPO Date | August 18, 2017 to August 23, 2017 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹26 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,600,000 shares (aggregating up to ₹4.16 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Seven Hills Beverages IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹104,000 |
| Retail (Max) | 1 | 4000 | ₹104,000 |
Seven Hills Beverages IPO Timeline
| IPO Open Date | Friday, August 18, 2017 |
| IPO Close Date | Wednesday, August 23, 2017 |
| Basis of Allotment | Tuesday, August 29, 2017 |
| Initiation of Refunds | Wednesday, August 30, 2017 |
| Credit of Shares to Demat | Thursday, August 31, 2017 |
| Listing Date | Friday, September 1, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 23, 2017 |
Company Profile
Seven Hills Beverages Ltd, founded in 2009, is a manufacturer of packaged drinking water for Bisleri International Pvt Ltd. They have dedicated production plants and machinery. It acts as “Co-packers” for “Bisleri,” manufacturing the bottles at its facilities to avoid contamination and carrying out the filling of purified water, as well as final sealing and packaging. According to Bisleri International Pvt. Ltd’s monthly production plan, the company’s product “packaged drinking water” is offered in 5 pack sizes: 250 ml bottles, 500ml, 1 litre, 2 litre, and 20 litre jars. The finished
goods are delivered on a daily basis. According to the mutual agreement, the company manufactures packaged drinking water for Nasik, Shirdi, Aurangabad, and other Maharashtra cities.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | Seven Hills Beverages Ltd |
| Phone number | +91 253 231 5305 |
| Email ID | info@sevenhillsbeverages.in |
| Website | sevenhillsbeverages.in |
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.