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Shanti Overseas (India) Limited IPO (Shanti Overseas IPO) Detail

Jul 21, 2017 - Jul 26, 2017

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.

Company Promoters:

The promoters of the company are:

1. Mr. Mukesh Kacholia,
2. Mr. Ayush Kacholia and
3. Mr. Rohan Kacholia

Objects of the Issue:

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 Detail:

  »»  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

Shanti Overseas IPO Reviews:

  1. Shanti Overseas (India) Limited IPO review by Dilip Davda

Issue Subscription Detail / Current Bidding Status

Number of Bids Received
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved01,002,0001,002,0002,004,000
Day 1 - Jul 21, 2017 17:00 IST0618000171000789000
Day 2 - Jul 24, 2017 17:00 IST068400010110001695000
Day 3 - Jul 25, 2017 17:00 IST084000033300004170000
Day 4 - Jul 26, 2017 17:00 IST18600098880001878900028863000

Shanti Overseas IPO Prospectus

Shanti Overseas IPO Rating

133
3.8
Rating:Rated 3.8 stars

Vote Here ...

Shanti Overseas IPO Listing Date

  •   ›  Listing Date: Thursday, August 3, 2017
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: SHANTI
  •   ›  Listing In:
  •   ›  ISIN: INE933X01016
  •   ›  Issue Price: Rs 50 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
NSE SME
Issue Price:Rs 50.00
Open:Rs 60.00
Low:Rs 41.00
High:Rs 60.00
Last Trade:Rs 42.90
Volume:1,032,000

Shanti Overseas IPO News Alerts

  1. Wednesday, July 26, 2017 12:00:00 AM
    Shanti Overseas (India) Limited IPO - Close
  2. Friday, July 21, 2017 12:00:00 AM
    Shanti Overseas (India) Limited IPO - Open

Company Contact Information

Shanti Overseas (India) Limited
215-216, Vikram Tower,
1st Floor,
Indore-452001
Phone: +91-731-4020596/586/587
Fax: NA
Email: mail@shantioverseas.com
Website: http://www.shantioverseas.com

Shanti Overseas IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: soil.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Shanti Overseas IPO Lead Manager(s)

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Shanti Overseas IPO Review / Comments

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64. TOPS  Sep 1, 2017 10:42:38 PM IST I Like It. | Report Abuse Reply
ANYBODY WHEN WILL RESULT FOR QE 30/06/2017 WILL BE OUT ?

COMPANY MGMT & LEAD MANAGER RIDING ON THE SCRIP & MAKING MONEY AT THE COST OF POOR SHAREHOLDER.

IN AN INTERVIEW TO CNBC DORECTOR IS TALKING OF VALUE ADDITION THEY SHOULD LOOK AT THE PERFORMANCE OF THIER SHARES. SINCE LISTING , HOW MUCH INVESTOR''S VALUE IS ERODED
POORLY MANAGED COMPANY

INTENTION IS VERY CLEAR BUYING SHARE FROM MARKET @ SUBSTANTIAL DISCOUNT TO ISSUE PRICE FROM SHAREHOLDER.

SHAME. SHAME. SHAME

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63. TOPS  Aug 30, 2017 10:14:28 AM IST I Like It. | Report Abuse Reply
TOP UNDERPERFORMER

SELLER OUTNUMBER BUYER EVEV AT RS 30 /=
Sell for target Rs25 & 20 Eventually touching Rs 9/=
Worst management should be awarded for greatest wealth destroyer


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62. TOPS  Aug 29, 2017 1:19:18 PM IST I Like It. | Report Abuse Reply
INVESTMENT IN SUCH CO IS ALWAYS PROFITABLE FOR PROMOTER AS THEIR INTENTION TO MAKE MONEY FROM MARKET RATHER THAN FROM THEIR MAIN BUSINESS INVESTOR WHO HAD APPLIED IN IPO @Rs50/= till than it is going down one way PRESENTLY QUOTING @ 30.75

May ask management why Issue price in IPO FIXED @Rs 50 /= when it''s intrinsic value is not even Rs 30/= currently quoting @ 30.75. ERODING VALUE OF SMALL INVESTOR

IS COMPANY''s Financial pisition is worsen since WENT PUBLIC IN JULY 2017


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61. TOPS  Aug 29, 2017 9:02:18 AM IST I Like It. | Report Abuse Reply
BETREYAL. BETREYAL BETREYAL


WHAT IS THE TRUE VALUE OF COMPANY''S SHARE IS SHOWN AFTER LISTING ALMOST 50% OF INVESTMENT IS ERODED
IS COMPANY''S FINANCIAL PERFORMANCE IS SO POOR FOR QE 30 TH JUNE2017 , QUALITY OF MANAGEMENT IS SO POOR OR MANAGEMENT & TRANSFER AGENTS ARE PLAYING WITH SHAREHOLDER''S MONEY WHO PUT FAITH ON THEM

WILL MANAGEMENT GIVE SOME CLARUFICATION TO SHAREHOLDER ON ABOVE POINTS

INVESTOR WILL NEVER FORGIVE U FOR YOUR MISDEED
JUST WRITING SREE RAM OB LETTER HEAD IS NOT ENOUGH U HAVE TO LIVE BY THAT

I HOPE MANAGEMENT WILL UNDERSTAND & REPLY HOW THEY DUPED HARD EARN MONEY OF SMALL INVESTOR
IF U HAVE LITTLE SHAME PL POST YOUR COMMENTS ON TH8S BOARD
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60. TOPS  Aug 12, 2017 6:22:42 PM IST I Like It. | Report Abuse Reply
WHAT ABOUT SHANTI OVERSEAS DO YOU SEE SCRIP GOING ABOVE ISSUE PRICE ANYTIME SOON IN FUTURE

BY NOW ALL WEAK HANDS MUST HAVE EXITED, THAN WHY EVERY DAY SELLER ARE MORE THAN BUYER EVEN @ 25 % DISCOUNT TO ISSUE PRICE , STRANGE ???
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59. TOPS  Aug 12, 2017 6:04:43 PM IST I Like It. | Report Abuse Reply
AT CURRENT MARKET PRICE THE SCRIP IS AVAILABLE AT P/E OF 7.18 AGAINST INDUSTRY AVERAGE OF 39 PLUS

On performance front, the company has (on standalone basis) reported turnover/net profits of Rs. 89.28 cr. / Rs. 0.33 cr. (FY13), Rs. 104.92 cr. / Rs. 0.48 cr. (FY14), Rs. 71.52 cr. / Rs. 0.70 cr. (FY15), Rs. 91.04 cr. / Rs. 1.87 cr. (FY16) and Rs. 115.88 cr. / Rs. 3.79 cr. (FY17). As per prospectus, its FY17 restated performance on consolidated basis remains same as standalone. Despite declined top line for FY15 and FY16, it reported higher net. If we attribute latest earnings on fully diluted equity post issue, then asking price is at a P/E of 9.7 (against industry average of 39 plus) and at a P/BV of 3.14. Company’s average RoNW for last three fiscal is 39.17%.

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58. MARWADI  Aug 1, 2017 9:43:14 PM IST I Like It. | Report Abuse Reply
Shanti overseas premium
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58.1. TOPS  Aug 12, 2017 1:43:11 PM IST I Like It. | Report Abuse
discount rs -15 thanks to hem & management
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57. Kick  Aug 10, 2017 9:04:17 AM IST I Like It. | Report Abuse Reply
SIS preopen 1049...
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56. TOPS  Aug 8, 2017 10:11:13 AM IST I Like It. | Report Abuse Reply
Great stock to sell at any price u make money

It is pehaps best stock sell in bull market
Those who r bearish on this scrip is sure to make money.

Sell sell stop not till it reaches single digit
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55. TOPS  Aug 4, 2017 5:54:28 PM IST I Like It. 1 | Report Abuse Reply
NEVER SUBSCRIB TO IPO IN WHICH HEM IS A LEAD MANAGER

IF U SEE DATA OF LAST TWO DAYS MORE THAN 2 LACS SHARES SELL ORDER OUTSTANDING AT ANY POINT OF TIME THERE IS HEAVY SELLING ON THIS COUNTER SINCE LISTING
LEAD MANAGER , MARKET MAKER & MANAGEMENT ARE WATCHING THIER SHARES ARE BUTTCHERED DAILY & MAKING NEW LOW

THERE IS NO HOPE FOR SHAREHOLDER IN THIS COMPANY
ONE SHOULD LOOK FOR BETTER MANAGED COMPANY & NEVER APPLY IPO LEAD BY HEM
SECURITY QUITE BEFORE IT TOUCH SINGLE DIGIT

GOODBYE TO HEM & SHANTI CARRY ON YOUR CIRCUS IN STICK MARKET AT THE COST OF POOR INVESTOR
MINDWELL SHOW WILL NOT RUN FOR LONG


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55.2. TheLearner  Aug 6, 2017 6:41:54 PM IST I Like It. 1 | Report Abuse
HEM SECURITIES HAVE NO SHAME. MADE PROFIT IN ACCORD BY SELLING 96000 SHARES @ 86 NOT PRICE IS LESS THAN 60.
LOOTED INVESTOR IN LAXMICOT WHICH WAS ALSO MASSIVELY SUBSCRIBED NOW THERE R NO BUYERS @ 15 RS ISSUE PRICE 20.
N NOW SHANTI OVERSEAS... ISSUED @ 50 NOW STRUGGLING @ 41
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55.3. NPT  Aug 6, 2017 7:59:27 PM IST I Like It. 3 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Hem Securities was also Lead Manager in someof the recently concluded ipo like Valdibhare, Dev IT, Global Ed, RMC, etc where return is very very good.
IMO, if people don''t sell in panic there would be good return in Shanti also.
Let us see its performance tomorrow.
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54. Aaliya Bhatt  Aug 6, 2017 6:52:50 PM IST I Like It. | Report Abuse Reply
Latest SIS Premium GMP 150-155 Only Buyers
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53. STOCKT  Aug 4, 2017 11:38:16 AM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
They are into soya business..never understand such business and too risky. Those alloted should exit and move to better sme to recover their losses
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53.1. Meet D Shah  Aug 4, 2017 2:09:31 PM IST I Like It. | Report Abuse
100% Agree With U Sir .... Unfortunately Allotted and Sold Tomorrow in Loss .....
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52. STOCKT  Aug 4, 2017 10:40:28 AM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
It''s hem securitied who has habit to sell their shares in market. In fact being market maker they are cheaters.better to stay away from any new hem securities sme
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51. TOPS  Aug 4, 2017 10:26:35 AM IST I Like It. 1 | Report Abuse Reply
WE HAVE ALREADY SEEN 1 L/C YESTERDAY WHEN SCRIP TOUCHED RS. 40/-
THE WAY IT IS MOVING TODAY WE MAY SEE ON MORE L/C VERY SHORTLY
WILL CONGRATULATE MGMT & LEAD MANAGER FOR DISTINCT ACHIVEMENT
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50. abbas  Aug 4, 2017 10:11:31 AM IST I Like It. | Report Abuse Reply
When will be 2 U/C of shanti ?????
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49. SecTheta  Aug 1, 2017 12:16:12 PM IST I Like It. | Report Abuse Reply
Those who got allotments should hold this for 2 UCs atleast. Good luck!
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49.2. TOPS  Aug 3, 2017 8:16:50 PM IST I Like It. | Report Abuse
Dear Prabhkaran sir
Great disappointment on listing shanti overseas
Your view post listing _ shanti overseas


Huge selling on thr counter despite good financials

LEAD MANAGER _ ADD ONE MORE company TO IT''s negative listed securities



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49.3. abbas  Aug 4, 2017 10:09:47 AM IST I Like It. | Report Abuse
When will be 2 U/C of shanti????
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48. TOPS  Aug 4, 2017 9:12:22 AM IST I Like It. | Report Abuse Reply
LEAD MANAGER & MANAGEMENT SHOULD BE ASHAMED OF FIXING PRICE BAND MARKET HAS GIVEN SLAP ON THEIR FACE BY SHOWING THIER TRUE VALUE I THINK THEY WILL UNDERSTAND HIDDEN MEANING IF THEY FEEL PRICE WHAT MKT IS QUOTUNG IS UNDERVALUED THAN THEY SHOULD SUPPORT & PROTECT COMPANY REPUTATION
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47. Ahmedabadi Investor  Aug 3, 2017 9:51:11 PM IST I Like It. 1 | Report Abuse Reply
LM - Hem Securities is a big culprit. All of their IPOs which are not fancy will go below IPO price and those which are fancy will get subscribed more than 40 times will go for UC for one or two.

One shall boycott all the IPOs of Hem Securities. A new slogan for SME IPO is "Beware of Hem IPOs"
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47.1. KHATRI  Aug 3, 2017 10:04:44 PM IST I Like It. | Report Abuse
Very true. We all have burnt fingers in many ipos of hem - Laxmi Cot, Adv syntex, Shanti.

Now its high time and better avoid Hem in all their ipos.

Pantomath, Sarthi & aaryaman are the best.
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46. Mutyala Ramalingachowdary  Aug 3, 2017 6:51:27 PM IST I Like It. | Report Abuse Reply
My aplycation no 80000401 have no allotment but not unblocked the Amount ware can I verify
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45. addy A  Aug 3, 2017 6:26:18 PM IST I Like It. | Report Abuse Reply
What happens to Shanti?
Why it is falling drastically, where other avoidable SME IPOs has given good returns...
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