The Shanti Overseas IPO date has been confirmed to have started on July 21, 2017 and ended on July 26, 2017.
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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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. 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.
The majority of the company’s revenue comes from soya and agri-commodity exports. They mostly sell garbanzo beans (kabuli chana) under the registered brand name “Kitchen Pride.” 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, founded in 2011, is a company that sells organic soybeans, soymeal, and byproducts. Soya products manufactured by the company include soya de-oiled cakes (soya meal), soya crude oil, degummed oil, and soya lecithin. They also do primary processing and marketing of agricultural commodities such chickpeas, soyabeans, cracked corn, maize, yellow peas, pulses, and so on. 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 | soil.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Shanti Overseas Ltd |
| Phone number | +91-731-4020596/586/587 |
| Email ID | mail@shantioverseas.com |
| Website | shantioverseas.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.
