Tanvi Foods IPO

Tanvi Foods IPO

 

Tanvi Foods IPO

Tanvi Foods is involved in trading, distribution, and processing of Food and Beverages primarily operating in the states of Andhra Pradesh and Telangana. Incorporated in 2007, over the years it has grown organically as well as inorganically and currently operates over four exclusive point of sales; three Cold Room Facilities aggregating to 8278 sq. ft., one food processing and packaging unit spread across 495 sq. yards, around 24 logistics vehicles dedicated towards F&B distribution making it one of few select organized players.

Tanvi Foods currently specializes in products such as Fresh Corn, Frozen Corn, and Green Peas in loose as well as packed form. It also prepares and sells corn based eatables such as Corn Samosa’s, Corn Patties and Spring Roll, in loose / semi-finished form to caterers as well as packaged from to Retailers and Wholesalers. All of these packaged products are sold under its brand name “Frozen Kings”. In addition, Tanvi Foods operates a diversified F&B product distribution and trading business wherein it plays the role of an intermediary between other branded product manufacturers/marketers and end point of sales such as Retailers (including Kiranas and Modern Trade Outlets) and Institutional buyers (such as Hotels, Caterers, Multiplexes etc.).

It also operates an independent Logistics/Infrastructure services business which in addition to supporting its F&B distribution business also provides Pan India Logistics services to other distributors and players. Its logistics/infra services business vertical includes providing transportation services as well as Cold Storage / Warehousing facilities on per ton and per pallet basis respectively.

Promoters of Tanvi Foods Adusumilli Sri Nagaveer

Tanvi Foods IPO details

Subscription Dates 17 - 22 February 2017
IPO Price  INR60 per share
Fresh issue 672,000 shares (INR4.03 crore)
Offer for sale 428,000 shares (INR2.57 crore)
Total IPO size 1,100,000 shares (INR6.6 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME

 

Tanvi Foods’ financial performance (in INR crore)

FY2012 FY2013 FY2014 FY2015 FY2016
Total revenue

11.3

13.9 20.0 34.4

49.1

Total expenses

11.0

13.3 19.7 33.2

48.0

Profit after tax

0.4 0.4 0.2 0.9

1.0

 

Day

Subscription (no. of times)

Day 1  0.67
Day 2  0.90
Day 3  11.54
Day 4  19.14

Tanvi Foods India Limited
No. 7-2-4/D, Old Canteen Building, Santhnagar Industrial Estate,
Hyderabad 500 018

Phone: +91 40 2381 7299
Email: investors@tanvifoods.com
Website: www.tanvifoods.com

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E),
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax:
+91 22 2847 5201
Email:
ipo@bigshareonline.com
Website: www.bigshareonline.com

Tanvi Foods IPO allotment status is available on Bigshare Services Private Limited website. Click on this link to get allotment status.

IPO Opening Date: 17 February 2017

IPO Closing Date:  22 February 2017

Listing Date: 2 March 2017

Listing Price on BSE SME: INR65 per share (return of 8.3% on IPO price)

Closing Price on BSE SME: INR60.25 per share (return of 0.4% on IPO price)

Tanvi Foods IPO
Rate this post

One thought on “Tanvi Foods IPO

  • February 19, 2017 at 10:53 PM
    Permalink

    What about subscription

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *