Incorporated in 2009, Seven Hills Beverages Ltd is engaged in the business of manufacturing packaged drinking water for Bisleri International Pvt Ltd.
They have dedicated Plant and Machinery for its manufacturing. It operates as "Co‐packers" for "Bisleri" wherein it manufactures the bottles at its plant in order to avoid any possible contaminations and carry out the filling of purified water as well as final sealing and packaging. Company's product "packaged drinking water" is available in 5 pack sizes: 250 ml bottles, 500ml, 1 litre, 2 litre and 20 litre jars as per the production schedule given by Bisleri International Pvt. Ltd on monthly basis. The finished products are dispatched on daily basis. As per the mutual understanding; company produces Packaged Drinking Water for Nasik, Shirdi, Aurangabad & other nearby areas of Maharashtra.
Recently, SHBL has acquired 50.49% strategic stake in Palwe Pest Control Pvt. Ltd. ("PPCPL"), making it as its subsidiary company. PPCPL is a service provider, rendering pest control and other related services to corporate, societies and household. PPCPL has been in this business since more than 16 years and is a recognized brand in services such as General Pest Control Treatment, Birds Control Treatment, Landscaping services and Export Fumigation to Vessel and Container.
The promoters of the company are:
1. Mr. Sandeep Palwe,
2. Mr. Nayan Palwe and
3. Mrs. Charushila Lathi
The object of the issue are:
1. Working Capital Requirements;
2. General Corporate Purposes;
3. Issue related expenses.
»» Issue Open: Aug 18, 2017 - Aug 23, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,600,000 Equity Shares of Rs 10 aggregating up to Rs 4.16 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 26 Per Equity Share
»» Market Lot: 4000 Shares
»» Minimum Order Quantity: 4000 Shares
»» Listing At: NSE SME
Attn Members : M/s Seven Hills Beverages Limited, has informed the Exchange that due to internal technical reasons they have decided to withdraw / cancel the Public Issue, the entire application money shall be unblocked fothwith.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||0||800,000||800,000||1,600,000|
|Day 1 - Aug 18, 2017 17:00 IST||0||856000||784000||1640000|
|Day 2 - Aug 21, 2017 17:00 IST||0||944000||1596000||2540000|
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