The Shanti Overseas IPO date has been confirmed to have started on July 21, 2017 and ended on July 26, 2017. Read the post to learn about Shanti Overseas IPO GMP.
Using an IPO, Shanti Overseas is seeking to raise Rs 10.02 crores. Its price is ₹50 per share and The minimum lot size for an application is 3000 shares. The minimum amount of investment required by retail investors is ₹150,000.
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Key Details Of Shanti Overseas IPO:
Bidding Dates
July 21-26
Price Range
₹50 per share
Face Value
₹10 per share
GMP
₹18.75
Shanti Overseas IPO GMP
The Shanti Overseas Limited IPO GMP is ₹18.75.
IPO Overview
The Shanti Overseas IPO has a fixed price of Rs 10.02 crore. Bidding for the Shanti Overseas IPO began on July 21, 2017 and closed on July 26, 2017. Shanti Overseas Limited IPO GMP Today is ₹18.75. On August 3, 2017, the shares were listed on the NSE SME. The IPO price for Shanti Overseas is $50 per share. A lot size of 3000 shares is required for an application. Retail investors must make a minimum investment of $150,000 to participate.
Currently, its operations pertaining to primary processing of agri-commodities are carried out from Unit – I, located in Palda, District Indore, while manufacturing operations for soya bean products are carried out from Unit – II, located in Sonvai, Dist. Indore. Unit II performs seed processing and oil extraction activities on soybean seeds using a mechanical method, resulting in the production of organic soyameal and organic soya crude oil. Major global markets for its products include the United States, Canada, Turkey, Dubai, Pakistan, Sri Lanka, and Spain, among others.
Shanti Overseas IPO Details
| IPO Date | July 21, 2017 to July 26, 2017 |
| Listing Date | August 3, 2017 |
| Face Value | ₹10 per share |
| Price | ₹50 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,004,000 shares (aggregating up to ₹10.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Shanti Overseas Listing Day Trading Information
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹50.00 |
| Open | ₹60.00 |
| Low | ₹41.00 |
| High | ₹60.00 |
| Last Trade | ₹42.90 |
Shanti Overseas IPO Listing Details
| Listing Date | August 3, 2017 |
| BSE Script Code | |
| NSE Symbol | SHANTI |
| ISIN | INE933X01016 |
| Final Issue Price | ₹50 per share |
Company Profile
Shanti Overseas (India) Limited is a foreign trade enterprise that is 11 years old and is seen as the most important exporter of cubic soybean, soymeal, and byproducts. The company produces of various unprocessed soya products, such as soya deoiled cakes (soya meal), soya crude oil, degummed oil, and soya lecithin. They also perform the primary activities of sorting, grading, handling, transporting, and marketing agricultural products suchb chickpeas, soyabeans, cracked corn, corn, yellow peas, pulses, and others. Soil’s main export house is headquartered in central India (Indore), with international operations spanning the United States and Europe.
The company is in the midst of establishing a processing factory in Dhannad, district Indore, for the manufacturing of edible partially deffated organic Soya Flour, textured Soy Protein, expeller pressed physical refined oil, and organic Soya Lecithin.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Shanti Overseas Ltd |
| Phone number | +91-731-4020596/586/587 |
| Email ID | [email protected] |
| Website | shantioverseas.com |
IPO Strengths
- 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.
Shanti Overseas IPO FAQs
When Shanti Overseas IPO will open?
The Shanti Overseas IPO opens on July 21, 2017 and closes on July 26, 2017.
What is the lot size of Shanti Overseas IPO?
Shanti Overseas IPO lot size is 3000 Shares, and the minimum amount required is ₹150,000.
When is Shanti Overseas IPO listing date?
The Shanti Overseas IPO listing date is on August 3, 2017.
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