Shanti Overseas IPO

Shanti Overseas IPO

Shanti Overseas IPOShanti 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
Retail Allocation 50%
Listing On NSE Emerge SME platform

Shanti Overseas' financial performance (in INR crore)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 89.27 104.92 71.52 91.04 115.88
Total expenses 88.79 104.19 70.47 88.22 110.22
Profit after tax 0.33 0.48 0.71 1.87 3.79

Shanti Overseas (India) Limited
215-216, Vikram Tower, 1st Floor
Indore-452001
Madhya Pradesh

Phone: +91 731 4020596
Email: mail@shantioverseas.com
Website: www.shantioverseas.com

Day

Subscription (no. of times)

Day 1 0.39
Day 2 0.85
Day 3 2.08
Day 4 14.40

 

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
Maharashtra, India

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: soil.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Shanti Overseas IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.

You can also check your IPO allotment status from your mobile at
http://linkintime.co.in/ipo

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)

Shanti Overseas IPO
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4 thoughts on “Shanti Overseas IPO

  • July 17, 2017 at 4:30 PM
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    Nice, I like this company. Good growth and not expensive. It will give good returns.

    Reply
    • July 18, 2017 at 3:01 PM
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      Yes, this looks good.

      Reply
      • July 19, 2017 at 9:34 AM
        Permalink

        I do not understand. WHat is good with the numbers that you see?

        Reply
        • July 24, 2017 at 9:42 AM
          Permalink

          whats your opinion on tis ipo?

          Reply

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