Incorporated in 2007, Tanvi Foods (India) Limited engages in processing, trading, and distribution of food and beverages primarily in the states of Andhra Pradesh and Telangana.
The company offers fresh corn, frozen corn, and green peas in loose, as well as packed form. It also prepares and sells corn based eatables, such as corn samosaâ€™s, corn patties, and spring roll in loose/semi-finished form to caterers, as well as in packaged from to retailers and wholesalers. All of these packaged products are sold under own brand name "Frozen Kings".
In addition to own brand products; it operates a diversified F&B product distribution and trading business wherein the company plays the role of an intermediary between other branded product manufacturers/marketers and end point of sales such as Retailers (including Kiranas and Modern Trade Outlets) and Institutional buyers (such as Hotels, Caterers, Multiplexes etc.). TFL also operates an independent Logistics/Infrastructure services business which in addition to supporting own F&B distribution business also provides Pan India Logistics services to other distributors and players. Companyâ€™s logistics/infra services business vertical includes providing transportation services as well as Cold Storage / Warehousing facilities on per ton and per pallet basis respectively.
The promoters of the company are:
1. Mr. Adusumilli Sri Nagaveer
The Objects of the Issue is to raise funds for:
1. Long term working capital requirement;
2. General Corporate Purposes, and
3. Issue related expenses.
»» Issue Open: Feb 17, 2017 - Feb 22, 2017
»» Issue Type: Fixed Price Issue IPO
»» Issue Size: 1,100,000 Equity Shares of Rs 10 aggregating up to Rs 6.60 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 60 Per Equity Share
»» Market Lot: 2000 Shares
»» Minimum Order Quantity: 2000 Shares
»» Listing At: BSE SME
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