Incorporated in 2009, Euro India Fresh Foods Ltd is an Indian based supplier and manufacturer of ready to eat products, chips, extruder, namkeen, snacks and juices. The product ranges from a wide variety of flavoured chips to beverages. Some of their products include, Euro Chips, Euro Namkeens, Euro Getmore, Euro Wheels, packaged drinking water Euro Spa, Euro’s mango drink Fresho and lemon based drink Euro Lemoni.
EIFF is a well known Gujarat based company sell their products under its brand “Euro – Fresh Khao Healthy Raho”. While it manufactures chips, getmore (a variety of extruder snacks) and packaged drinking water, other products are manufactures by its group entities on their behalf. Namkeens are manufactured by both the parties. EIFF’s products comply with requisite food safety standards including ISO and FSSAI norms. For distribution channel it has 5 consignee depots, 93 super stockists and over 2800 distributors. So far it has covered 10 states in India and is in the process of setting up of its distribution network in Goa and Chhattisgarh.
The Promoters of the comapany are:
1. Manharbhai Sanspara
2. Dinesh Sanspara
3. Mahesh Kumar Mavani
The object of the issue are:
1. Repayment of certain unsecured loans;
2. Working capital requirements;
3. General Corporate purpose.
»» Issue Open: Mar 21, 2017 - Mar 24, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 6,571,200 Equity Shares of Rs 10 aggregating up to Rs 51.26 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 78 Per Equity Share
»» Market Lot: 1600 Shares
»» Minimum Order Quantity: 1600 Shares
»» Listing At: NSE SME
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Mar 21, 2017 17:00 IST||336,000||1,256,000||11,200||1,603,200|
|Day 2 - Mar 22, 2017 18:45 IST||336,000||1,870,400||24,000||2,230,400|
|Day 3 - Mar 23, 2017 17:00 IST|
|Day 4 - Mar 24, 2017 18:00 IST||918,400||6,011,200||321,600||7,251,200|
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