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Seven Hills Beverages Ltd IPO (Seven Hills Beverages IPO) Detail

Aug 18, 2017 - Aug 23, 2017

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‚Äźpackers" 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.

Company Promoters:

The promoters of the company are:

1. Mr. Sandeep Palwe,
2. Mr. Nayan Palwe and
3. Mrs. Charushila Lathi

Objects of the Issue:

The object of the issue are:

1. Working Capital Requirements;
2. General Corporate Purposes;
3. Issue related expenses.

Issue Detail:

  »»  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

Seven Hills Beverages IPO Reviews:

  1. Seven Hills Beverages Ltd IPO review by Dilip Davda

IPO Notices

External Link

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.

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved0800,000800,0001,600,000
Day 1 - Aug 18, 2017 17:00 IST08560007840001640000
Day 2 - Aug 21, 2017 17:00 IST094400015960002540000

Seven Hills Beverages IPO Prospectus

Seven Hills Beverages IPO Rating

150
3.6
Rating:Rated 3.6 stars

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Seven Hills Beverages IPO News Alerts

  1. Wednesday, August 23, 2017 12:00:00 AM
    Seven Hills Beverages Ltd IPO - Close
  2. Friday, August 18, 2017 12:00:00 AM
    Seven Hills Beverages Ltd IPO - Open

Company Contact Information

Seven Hills Beverages Ltd
Gat No. 206, Khatwad Phata,
Vill-Pimpalnere,
Tal. Dindori, Nashik - 422 004
Phone: +91 253 231 5305
Fax: NA
Email: info@sevenhillsbeverages.in
Website: http://www.sevenhillsbeverages.in

Seven Hills Beverages IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Seven Hills Beverages IPO Lead Manager(s)

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Seven Hills Beverages IPO Review / Comments

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20. vijay gaggar  Aug 19, 2017 4:23:24 PM IST I Like It. | Report Abuse Reply
Need Help !!!
How can I apply for this SME IPO, not showing in ICICI Trading A/c as well as SBI a/c of mine? I am a new to Share Market.
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20.1. Baskaran  Aug 24, 2017 5:43:59 PM IST I Like It. | Report Abuse
Please register ASBA. Then you apply.
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20.2. neelam  Aug 28, 2017 10:00:55 PM IST I Like It. | Report Abuse
The above is cancel as some tech issue internally for this ipo
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19. sanjay vora  Aug 22, 2017 11:15:50 AM IST I Like It. | Report Abuse Reply
sevenhills ka kya hua ipo withdraw ku hua main3 aplication ki he to ab kya karna he
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19.1. Dilip Davda  Aug 22, 2017 2:32:48 PM IST I Like It. | Report Abuse
Those who applied for this IPO have to check with their banks for unblocking of their amount blocked for this issue. If bank has not done ask them to check with registrar and also drop an email to registrar and the company for that
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18. Dilip Davda  Aug 22, 2017 11:14:18 AM IST I Like It. | Report Abuse Reply
Well, there is no point in any guessing. Issue subscription period was 18.08.17 to 23.08.17 and it did received 1640000 shares subscription on 18.08.17 and by 210817 eve it has total bids for 2540000 i.e. oversubscription by over 1.6 times, still it stood cancelled and withdrawn as per remarks on NSE Web as under:

Seven Hills Beverages Limited
      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.
Symbol      SHBL
Series      EQ
Issue Period      18-Aug-2017 to 21-Aug-2017

As management has decided to call off the issue, it is cancelled and subscription amount will be unblocked soon.

Thus despite getting better response than Servotech it is withdrawn. So now investors should ask for explanation as to why management has decided to withdraw it. As per market reports, Bisleri has intervened and asked for better valuation at a latter date. In that case, Management has to clarify as to whether Bisleri was not aware of the IPO? Was it not informed? What has transpired post opening of the IPO to take such decision. NSE Web has mentioned about INTERNAL TECHNICAL REASON - what are those? Will management clarify on this for transparency? If management is willing to come back at a later date, they have to keep investors informed on the developments and valid reason for their withdrawal of this issue.


.
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17. A C PATEL  Aug 21, 2017 7:52:25 PM IST I Like It. | Report Abuse Reply
Dear Moderator
There is a mistake in issue close date.
Page is showing 23/08/2017 but nse site is showing 21/08/20174
Please correct
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17.2. MITTAL  Aug 21, 2017 10:20:46 PM IST I Like It. | Report Abuse
Sorry 23rd is correct
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17.3. NAND KISHORE PARWAL  Aug 22, 2017 7:19:44 AM IST I Like It. | Report Abuse
Issue closed on 21st August 2017
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16. Nidhike  Aug 21, 2017 10:22:19 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
***Issue is canceled***

All application money will be unblocked
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16.1. STOCKT  Aug 22, 2017 1:34:39 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
why?
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15. Hexadecimal  Aug 19, 2017 11:16:08 PM IST I Like It. 2 | Report Abuse Reply
On fundamental basis Servotech IPO was better than this IPO but due to bad market condition, no common retail investor has applied.
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15.1. DarkHorse  Aug 21, 2017 10:23:13 AM IST I Like It. | Report Abuse
Hexadecimalji, seven hills apply or not?
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14. Aanky  Aug 19, 2017 6:50:19 PM IST I Like It. | Report Abuse Reply
I have 3 application of seven hills want to sale
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13. Baskaran  Aug 19, 2017 2:55:40 PM IST I Like It. | Report Abuse Reply
I think it is little risk.
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12. Prabhakaran Kuppusamy  Aug 18, 2017 7:29:47 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
SME looks riskier than ever (especially when all indexes are at record high).
So, I would be staying away for a while.
Bye.
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11. Dipesh Jain  Aug 18, 2017 4:40:38 PM IST I Like It. | Report Abuse Reply
Fully subscribed on day 1.
It will be interesting to see subscription in coming business week. I ll apply if subscription figures cross 25 times
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10. babloo  Aug 18, 2017 12:14:29 PM IST I Like It. 1 | Report Abuse Reply
What is the process to apply in SME IPO?
I do have demat account with ICICI and apply in IPOs from that.
@Experts: Pls suggest!
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9. mohan radhe  Aug 17, 2017 9:25:48 PM IST I Like It. 2 | Report Abuse Reply
ROC is 49.55% ROE is 67.40% and PE is 7.1. Substantial reduction in borrowing in last year with introduction of new management, multi baggor.
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8. alok iyer  Aug 17, 2017 8:35:49 PM IST I Like It. 2 | Report Abuse Reply
Promoter Charusheela Lathi is also regular bulk dealer for other listed companies. Looks like BIG B
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7. sanjay vora  Aug 17, 2017 5:47:12 PM IST I Like It. 2 | Report Abuse Reply
seven hills ka grey mkt kya he aur ipo bharna chahiye ya nahi
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7.1. vilas tare  Aug 17, 2017 8:08:57 PM IST I Like It. | Report Abuse
Mujhe kisi broker ne 5000 add on bola hai
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7.2. vilas tare  Aug 17, 2017 8:09:50 PM IST I Like It. 1 | Report Abuse
Dilip Davda ne subscribe recommend kiya he
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6. ANAND PARMAR  Aug 17, 2017 10:53:56 AM IST I Like It. 1 | Report Abuse Reply
Subject 2
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6.1. vishal chokshi  Aug 17, 2017 2:20:06 PM IST I Like It. | Report Abuse
17000
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5. RZJAIN  Aug 16, 2017 11:23:46 PM IST I Like It. | Report Abuse Reply
company fundamentals are very good.
dynamic and energetic management, good for long term.
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4. PJinvest  Aug 16, 2017 9:28:15 AM IST I Like It. | Report Abuse Reply



EBIT 165.47 263.33
PAT 137.09 161.94
PAT% 17.05% 12.84%
ROC 49.55% 30.96%
ROE 67.40% 77.28%
Inventory Turnover 36.49 26.35
Receivable Turnover 22.97 62.37
Debt Equity 0.43 0.96
Price to Book Value 3.06 2.45
EPS 3.68 4.34
P/E 7.07 5.99
Gross Block 378.18 714.50
Net Worth 316.67 395.90
above two coloumns are standalone and consolidated figures of the company.
looking great
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3. RZJAIN  Aug 15, 2017 3:26:22 PM IST I Like It. 1 | Report Abuse Reply
Other income is government grant
Pre IPO PE is 7
Own manufacturing facility
and Single customer is Bisleri
and having Own subisidiary
all are positive of this company.
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2. PJinvest  Aug 15, 2017 12:31:32 PM IST I Like It. 1 | Report Abuse Reply
This IPO is looking good for long term.
PE is very good.
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2.1. bhupendrachakradhar  Aug 15, 2017 12:53:47 PM IST I Like It. | Report Abuse
PE is 10+.
Single customer.
Out of 1.37 Cr profit 69 lakh is other income.

How is it good
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1. k k sharma  Aug 15, 2017 8:51:21 AM IST I Like It. 3 | Report Abuse Reply
Seven Hills Beverages Financial Track is very-very poor. Please avoid this IPO. Kindly wait
another coming IPO.
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