Incorporated in 1993, Oceanic Foods Limited engaged in the manufacture, processing, and sale of dehydrated food products in India. They provides dehydrated onion and garlic products and other dehydrated vegetables. Companyâ€˜s major revenue is from sale of dehydrated onion and garlic products in various forms like flakes, minced, powder, etc. They also manufacture other dehydrated vegetables like potato, ginger, spinach, coriander, carrot, cabbage, green chilly, etc.
They export dehydrated vegetables to various countries around the globe. Company's products are internationally certified by US FDA, Kosher and Halal and are domestically certified by FSSAI, and APEDA.
The promoters of the company are:
1. Vinodrai Patel
2. Ajesh Patel
The object of the issue are:
1. Working Capital requirements;
2. Enhance Company's corporate image, brand name and create a public market for their Equity Shares;
3. General Corporate Purpose.
»» Issue Open: Mar 20, 2017 - Mar 22, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,000,000 Equity Shares of Rs 10 aggregating up to Rs 6.50 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 65 Per Equity Share
»» Market Lot: 2000 Shares
»» Minimum Order Quantity: 2000 Shares
»» Listing At: BSE SME
Oceanic Foods IPO Subscription Status tells if Oceanic Foods IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Oceanic Foods IPO oversubscribed if bids are received for more shares than what is offered by the company.
|Number of Bids Received|
|As on Date & Time||Total|
|Shares Offered / Reserved|
|Day 1 - Mar 20, 2017 20:00 IST||140,000|
|Day 2 - Mar 21, 2017 18:40 IST||802,000|
|Day 3 - Mar 22, 2017 18:50 IST||2,252,000|
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