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Incorporated in 1965, LT Overseas is in the business of milling, processing and marketing of branded & non-branded rice and manufacturing of rice food products in the domestic and overseas market. Their operations involve contract farming, procurement, storage, processing, packaging and distribution. LT Overseas also engaged in research & development to add value to rice and rice food products. Their product portfolio comprises brown rice, white rice, steamed rice, parboiled rice, organic rice, quick cooking rice, value added rice and flavored rice in the ready to cook segment.
LT Overseas has presence in more than 35 countries including USA, Canada, UK and the European Union. LT Overseas has ISO 9000:2001, HACCP and the SQF certification in quality.
LT Overseas owns 19 brands. Daawat Basmati Rice is one of the very popular brand among Basmati Rice all over the world.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Expansion, Automation and Modernization at Sonepat plant, Haryana
A. To set up a new Parboiled rice (sella) processing and milling capacity.
B. To set up a new milling line for producing value added rice.
C. To add balancing equipments and Automation of existing facility.
D. To set up Silos and Flat storage facility.
2. Generating power for captive consumption.
| IPO Opening Date | Nov 27, 2006 |
| IPO Closing Date | Nov 30, 2006 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹50 to ₹56 per equity share |
| Market Lot | 125 Shares |
| Min Order Quantity | 125 Shares |
| Listing At | BSE, NSE |
| Issue Size | 7,036,714 Eq Shares of ₹10 (aggregating up to ₹39.40 Cr) |
The LT Overseas IPO market lot size is 125 shares. A retail-individual investor can apply for up to 28 lots (3500 shares or ₹196,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 125 | ₹7,000 |
| Maximum | 28 | 3500 | ₹196,000 |
| Listing Date | Monday, December 18, 2006 |
| BSE Script Code | 532783 |
| NSE Symbol | DAAWAT |
| Listing In | |
| ISIN | INE818H01012 |
| IPO Price | ₹56 per equity share |
| Face Value | ₹10 per equity share |
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L.T. Overseas Limited
L.T. Overseas Limited
A 21, Green Park,
Main Aurobindo Marg, New Delhi-110 016
Phone: +91-11-26859244
Email: ipo@ltoverseas.com
Website: http://www.LTOverseas.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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LT Overseas IPO is a main-board IPO of 7,036,714 equity shares of the face value of ₹10 aggregating up to ₹39.40 Crores. The issue is priced at ₹50 to ₹56 per equity share. The minimum order quantity is 125 Shares.
The IPO opens on Nov 27, 2006, and closes on Nov 30, 2006.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The LT Overseas IPO opens on Nov 27, 2006 and closes on Nov 30, 2006.
LT Overseas IPO lot size is 125 Shares and the minimum order quantity is 125 Shares.
You can apply in LT Overseas 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 LT Overseas IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the LT Overseas IPO allotment status.
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