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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 Opening Date | Sep 6, 2007 |
| IPO Closing Date | Sep 11, 2007 |
| Issue Type | Book Built Issue IPO |
| 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 |
| Issue Size | 4,000,000 Eq Shares of ₹10 (aggregating up to ₹68.00 Cr) |
The Kaveri Seed IPO market lot size is 40 shares. A retail-individual investor can apply for up to 29 lots (1160 shares or ₹197,200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 40 | ₹6,800 |
| Maximum | 29 | 1160 | ₹197,200 |
The Kaveri Seed IPO is subscribed 4.00 times on 9/11/2007 5:00:00 PM. The public issue subscribed 3.26 in the retail category, 5.59 in the QIB category, and 5.05 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Thursday, October 4, 2007 |
| BSE Script Code | 532899 |
| NSE Symbol | KSCL |
| Listing In | B1 Group of Securities |
| ISIN | INE455I01029 |
| IPO Price | ₹170 per equity share |
| Face Value | ₹10 per equity share |
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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
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 is priced at ₹150 to ₹170 per equity share. The minimum order quantity is 40 Shares.
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 lot size is 40 Shares and the minimum order quantity is 40 Shares.
You can apply in Kaveri Seed IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
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.
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