Vimal Oil and Foods Limited is BSE listed company (BSE Code: 519373), engaged in the production of edible oil. VOFL export the De-oiled Cake (DOC), a by-product under the solvent extraction to various foreign countries.
VOFL Product Range includes oils of Cottonseed, Groundnut, Soya, mustard and palm. The Refined Oil is sold in the local market under the 'VIMAL' Brand name
VOFL also has a Wind Mill which is situated at village Kalyanpur, Dist. Jamnagar with a capacity of 0.225 Mg Watt. The electricity generated by the plant is supplied to Gujarat Electricity Board and gets the credit against Electricity purchased from Gujarat Electricity Board for its plants at other locations.
VOFL has a Milk Powder plant and planning to diversify into fast growing Snack Food and Food Processing sector.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to
1. To diversify into the production of Food Snacks like Chips and extruded snack, direct fried snacks, and potato chips etc. by setting up the State-of-art production facilities;
2. To meet the Working Capital Margin requirement for the proposed project as well as the existing operations.
»» Issue Open: Mar 14, 2007 - Mar 23, 2007
»» Issue Type: Fixed Price Issue FPO
»» Issue Size: 12,396,667 Equity Shares of Rs 10 aggregating up to Rs 35.83 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs. 30 Per Equity Share
»» Market Lot:
»» Minimum Order Quantity:
»» Listing At: BSE
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