Shanti Overseas IPO
Shanti Overseas is engaged in manufacturing of soya products which includes, soya de-oiled cakes (soya meal), soya crude oil, degummed oil and soya lecithin, and is also into primary processing and trading of agri commodities such as chickpeas, soyabeans, cracked corn, maize, yellow peas, pulses etc.
At present, its operations relating to primary processing of agri-commodities are carried from the unit – I situated at Palda, Dist. Indore, and manufacturing operations of soya bean products are being carried from Unit - II situated at Sonvai, Dist. Indore. In Unit-II, it carries seed processing and oil extraction activities of soyabeen seeds through a mechanical process, which results in production of organic soyameal and organic soya crude oil.
The company is in process of setting up a processing plant in the area of Dhannad, dist. Indore, for production of edible partially deffated organic Soya Flour, textured Soy Protein, expeller pressed physical refined oil and Organic Soya Lecithin. It has already acquired the land and started building construction work on the said land. Further, after the construction of proposed manufacturing facility, the company intends to shift its all operations carried from Unit II to the proposed Unit in Dhannad. Presently, both Unit I and Unit II are taken on rent.
It derives major source of revenue from the exports of soya products and agri-commodities. In F.Y. 2016-17, exports constituted over 75% of Shanti Overseas’ total revenue from operations. It markets garbanzo bean (kabuli chana) primarily under its registered brand name “Kitchen Pride”. Major foreign countries to which its product are exported include USA, Canada, Turkey, Dubai, Pakistan, Sri Lanka, Spain etc.
Promoters of Shanti Overseas – Mukesh Kacholia, Ayush Kacholia and Rohan Kacholia
Shanti Overseas IPO details
|Subscription Dates||21 - 26 July 2017|
|IPO Price band||INR50 per share|
|Fresh issue||2,004,000 shares (INR10.02 crore)|
|Offer for sale||Nil|
|Total IPO size||2,004,000 shares (INR10.02 crore)|
|Minimum bid (lot size)||3,000 shares|
|Face Value||INR10 per share|
|Listing On||NSE Emerge SME platform|
Shanti Overseas' financial performance (in INR crore)
|Profit after tax||0.33||0.48||0.71||1.87||3.79|
Subscription (no. of times)
Earnings Per Share (EPS): INR7.01
Price/Earnings (P/E) ratio: 7.13
Return on Net Worth (RONW): 44.16%
Net Asset Value (NAV): INR15.88 per share
Link Intime India Private Limited
C-101, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
IPO Opening Date: 21 July 2017
IPO Closing Date: 26 July 2017
Listing Date: 3 August 2017
Listing Price on NSE SME: INR60 per share (up 20% from IPO price)
Closing Price on NSE SME: INR42.55 per share (down 14.90% from IPO price)