Sarveshwar Foods IPO-Upcoming IPO 2018

Sarveshwar Foods IPO-Upcoming IPO 2018

In the list of upcoming ipo Sarveshwar Foods Ltd is planning to launch IPO (Initial Public Offering). Sarveshwar Foods IPO is SME IPO. The tentative size of upcoming IPO i.e Sarveshwar Foods IPO is of Rs 54.97 cr. Sarveshwar Foods IPO would open on 5 March, 2018 and close on 7 March, 2018.

  • Sarveshwar Foods IPO issue price is Rs 83-Rs 85 per equity share.
  • Issue type is Book built Issue IPO.
  • Minimum order quantity 1600 shares.
  • Sarveshwar Foods Ltd is engaged in the business of processing, marketing of branded and un-branded basmati and non-basmati rice.

Sarveshwar Foods IPO-Upcoming IPO news:

  1. Objective of Sarveshwar Foods IPO:

There are four objective of the IPO. They are

  • Meet the issue expenses.
  • For General Corporate Purpose.
  • Part finance long term working capital requirement.
  • Investment in subsidiary.
  1. Issue Details of Sarveshwar Foods IPO:

  • Issue Open: Mar 5, 2018
  • Issue close: Mar 7, 2018
  • Issue Type: Book Built Issue IPO
  • Issue Size:6,467,200 Equity Shares of Rs 10 aggregating up to Rs 54.97 Cr
  • Face Value: Rs 10 Per Equity Share
  • Issue Price: Rs 83 – Rs 85 Per Equity Share
  • Market Lot: 1600 Shares
  • Minimum Order Quantity: 1600 Shares
  • Listing At: NSE SME
  • Retail Allocation: 50%
  1. Utilization of Proceeds:

Expenditure ItemsAmount (Rs In Millions)
Long term working Capital300.00
Investment in our subsidiary Himalayan Bio Organics Pvt. Limited150.00
Total*
  1. Consolidated Financial Summary of Sarveshwar Foods Ltd:

Sarveshwar Foods’  financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017Q1 FY2018
Total revenue27.8123.5143.2161.0208.072.5
Total expenses21.8114.6134.0154.9192.268.1
Profit after tax5.57.38.04.811.73.3
  1. Sarveshwar Foods IPO Prospectus:

Draft Prospectus with SEBI

  1. Company Details of Sarveshwar Foods Ltd:

  • The company was incorporated on 3 August, 2004 as Private Limited Company under the provision of companies Act, 1956. At the time of incorporation the name of the company was “Sarveshwar Overseas Private Limited”.
  • Later the company was converted into Public limited company on 29 June, 2010. As a result the name of the company was also changed to “Sarveshwar Foods Limited”.
  • Sarveshwar Foods Ltd is engaged in the business of processing, marketing of branded and un-branded basmati and non-basmati rice.
  • Company does the business in Domestic and International Market.
  • It is Jammu and Kashmir based company.
  • Company offers procurement, storage, milling, sorting, packaging, branding and distribution of Rice.
  • Company’s product portfolio comprises of Basmati and non-Basmati rice of various kinds including white raw rice, steam rice, broken rice, brown rice and parboiled rice.
  • Along with the varied variety of conventional Basmati and non-Basmati rice their product portfolio also includes organic Basmati and non-Basmati rice including range of other organic products.
  • Company markets and distributes these organic food products under its brand “Nimbark”.
  • Company is selling organic products through this store viz. rice, red rice, brown rice, flours, pulses, nuts & dry fruits, spices & condiments, jaggery & sugar, breakfast cereals, edible oils, saffron, flaxseed, sesame seed. Sarveshwar’s operations are based out of the Jammu Region in the State of Jammu and Kashmir.
  • Company currently operates through two rice milling and processing facilities i.e. at Seora (Unit I) and SIDCO (Unit II).
  1. Company Strategies:

  • Geographical expansion and presence of our branded products in the Indian market
  • Promote our brands in export and domestic markets
  • Promote and market our organic products under the brand ‘Nimbark’.
  1. Company Strength:

  • Geographical Location
  • Integrated Operations
  • Modern Equipment & Technology coupled with process innovations
  • Strong procurement capabilities for conventional and organic basmati paddy
  • Access to more than 9000 hectares of organic land for procurement of organic basmati paddy and extensive warehousing capabilities.
  • Focus on Processing and Quality Control
  • Strong culture for research and development
  • Experienced Management Team
  1. Promoter of the company:

There is only one promoter of the company.

Mr. Rohit Gupta

  1. Registered Address of the company:

Sarveshwar House, Below Gummat,

Jammu 180 001, Jammu and Kashmir, India

  1. Official Website of the company:

http://sarveshwarrice.com rel=nofollow

  1. Lead Manager to the Issue:

  • KEYNOTE CORPORATE SERVICES LIMITED
  • SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA
  • INDIAN OVERSEAS BANK
  • ASIT C. MEHTA INVESTMENT INTERRMEDIATES LIMITED
  1. Registrar to the Sarveshwar Foods IPO:

BIGSHARE SERVICES PRIVATE LIMITED

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