Incorporated in 2011, Shanti Overseas (India) Limited is engaged in the business of organic Soybean, Soymeal and by products. Company manufacture soya products which includes, soya de-oiled cakes (soya meal), soya crude oil, degummed oil and soya lecithin. They are also into primary processing and trading of agri commodities such as chickpeas, soyabeans, cracked corn, maize, yellow peas, pulses etc.
Soil's leading export house based in central India (Indore) with overseas operations covering from USA to EUROPE. Company is in process of setting up a processing plant in the area of Dhannad, dist. Indore, for production of edible partially deffated organic Soya Flour, textured Soy Protein, expeller pressed physical refined oil and Organic Soya Lecithin. Company's major source of revenue is from the exports of soya products and agri-commodities. They markets garbanzo bean (kabuli chana) primarily under their registered brand name “Kitchen Pride”. Major foreign countries to which their product is exported includes USA, Canada, Turkey, Dubai, Pakistan Sri Lanka, Spain etc.
The promoters of the company are:
1. Mr. Mukesh Kacholia,
2. Mr. Ayush Kacholia and
3. Mr. Rohan Kacholia
The object of the issue are:
1. To purchase machinery for proposed Soyabean processing plant at Dhannad, Dist. Indore, Madhya Pradesh;
2. To make investment in Subsidiary Company, Shaan Agro Oils & Extractions Private Limited;
3. To meet General Corporate Expenses;
4. To meet Issue Expenses.
»» Issue Open: Jul 21, 2017 - Jul 26, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 2,004,000 Equity Shares of Rs 10 aggregating up to Rs 10.02 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 50 Per Equity Share
»» Market Lot: 3000 Shares
»» Minimum Order Quantity: 3000 Shares
»» Listing At: NSE SME
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||0||1,002,000||1,002,000||2,004,000|
|Day 1 - Jul 21, 2017 17:00 IST||0||618000||171000||789000|
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