IPO Details

Shanti Overseas (India) Ltd
Registered Office: 215-216 Vikram Tower, 1st Floor, Indore - 452001, Madhya Pradesh
Phone: 91-731-586/587/4020587
Email: mail@shantioverseas.com
Website: www.shantioverseas.com
Initial public issue of 20,04,000 equity shares of face value of Rs. 10 each ("equity shares") of Shanti Overseas (India) Limited ("company" or "issuer") for cash at a price of Rs.50 per equity share (including a share premium of Rs.40 per equity share) ("issue price") aggregating to Rs.10.02 crores ("issue" ) of which 1,38,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs.50 per equity share, aggregating to Rs.0.69 crores will be reserved for subscription by market maker ("market maker reservation portion"). The issue less the market maker reservation portion i.e. Issue of 18,66,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs.50 per equity share aggregating to 9.33 crores (is hereinafter referred to as the "net issue"). The issue and the net issue will constitute 27.07% and 25.20%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs.50 each. The issue price is 5.0 times of the face value.

Issue		Money Payable On
Opens On	Closes On	Application	Allotment
21-Jul-2017	26-Jul-2017	₹ 50.00	₹ 0.00

Projects
To purchase machineries for the proposed soyabean processing Plant at Dhannad
To make investment in subsidiary company, Shaan Agro Oils & Extractions Pvt Ltd
To meet general corporate expenses

Promoted By
Mukesh Kacholia
Ayush Kacholia
Rohan Kacholia

Listing At
NSE - SME

Registrar to the Issue