Incorporated in 1986, Kaveri Seed Company Limited is Hyderabad based company in the business of production, processing and marketing of high quality hybrid seeds for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc. and has recently forayed into micronutrients and bio products.
Kaveri Seeds currently have production, processing and R&D facilities in Andhra Pradesh and Karnataka. Kaveri Seeds research mainly focuses on developing superior hybrids in different crops like corn, cotton, sunflower, paddy, bajra, etc.
In the year 2002, Kaveri Seeds began a new venture to produce and market bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures and plant growth regulators.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. Acquisition of farmland for R&D near Hyderabad, Alwar and Ahmedabad;
2. Setting up of marketing offices & godowns in Delhi, Lucknow, Jaipur, Ahmedabad and Aurangabad;
3. Setting up of corn cob drying plants in Medak District, Andhra Pradesh and Bellary, Karnataka;
4. Setting up of a biotechnology lab at Gundla Pochampally near Hyderabad;
5. Upgradation of existing seed processing plants at Kandlakoi, Gundla Pochampally, Gatla Narsingapur and Bellary;
6. Setting up of a seed processing plant in Medak District near Hyderabad.
| IPO Date | Sep 6, 2007 - Sep 11, 2007 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4,000,000 Eq Shares of ₹10 (aggregating up to ₹68.00 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹150 to ₹170 Per Equity Share |
| Market Lot | 40 Shares |
| Min Order Quantity | 40 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 40 | ₹6,800 |
| Maximum | 29 | 1160 | ₹197,200 |
No. of Times Issue Subscribed (BSE + NSE) | ||||||
|---|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Others | Total |
Shares Offered | - | - | - | - | - | - |
Sep 11, 2007 17:00 | 5.59x | 5.05x | 3.26x | 1.00x | 4.00x | |
| Listing Date | Thursday, October 4, 2007 |
| BSE Script Code | 532899 |
| NSE Symbol | KSCL |
| Listing In | B1 |
| ISIN | INE455I01029 |
| IPO Price | ₹170 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
|
Kaveri Seed Company Limited
513B, 5th Floor, Minerva Complex,
S.D. Road,
Secunderabad - 500 003, Andhra Pradesh, India
Phone: +91 40 27721457
Email: ipo@kaveriseeds.com
Website: http://www.kaveriseeds.com
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai - 400 059
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Kaveri Seed IPO is a main-board IPO of 4,000,000 equity shares of the face value of ₹10 aggregating up to ₹68.00 Crores.
The issue price of the IPO is ₹150 to ₹170 Per Equity Share. The minimum order quantity is 40 Shares per application and the offer type is Book Built Issue.
The IPO opens on Sep 6, 2007 and closes on Sep 11, 2007.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Kaveri Seed IPO opens on Sep 6, 2007 and closes on Sep 11, 2007.
Kaveri Seed IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of Basis of Allotment for Kaveri Seed IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Kaveri Seed IPO allotment status.
Kaveri Seed IPO lot size is 40 Shares and the minimum order quantity is 40 Shares.
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13/11/07 rate was 220, how long i have to wait