Incorporated in 2009, Seven Hills Beverages Ltd is engaged in the business of manufacturing packaged drinking water for Bisleri International Pvt Ltd.
They have dedicated Plant and Machinery for its manufacturing. It operates as "Co‐packers" for "Bisleri" wherein it manufactures the bottles at its plant in order to avoid any possible contaminations and carry out the filling of purified water as well as final sealing and packaging. Company's product "packaged drinking water" is available in 5 pack sizes: 250 ml bottles, 500ml, 1 litre, 2 litre and 20 litre jars as per the production schedule given by Bisleri International Pvt. Ltd on monthly basis. The finished products are dispatched on daily basis. As per the mutual understanding; company produces Packaged Drinking Water for Nasik, Shirdi, Aurangabad & other nearby areas of Maharashtra.
Recently, SHBL has acquired 50.49% strategic stake in Palwe Pest Control Pvt. Ltd. ("PPCPL"), making it as its subsidiary company. PPCPL is a service provider, rendering pest control and other related services to corporate, societies and household. PPCPL has been in this business since more than 16 years and is a recognized brand in services such as General Pest Control Treatment, Birds Control Treatment, Landscaping services and Export Fumigation to Vessel and Container.
The promoters of the company are:
1. Mr. Sandeep Palwe,
2. Mr. Nayan Palwe and
3. Mrs. Charushila Lathi
The object of the issue are:
1. Working Capital Requirements;
2. General Corporate Purposes;
3. Issue related expenses.
| IPO Date | Aug 18, 2017 - Aug 23, 2017 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 1,600,000 Eq Shares of ₹10 (aggregating up to ₹4.16 Cr) |
| Face Value | ₹10 Per Equity Share |
| IPO Price | ₹26 Per Equity Share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Bid/Offer Opens On | Aug 18, 2017 |
| Bid/Offer Closes On | Aug 23, 2017 |
| Finalisation of Basis of Allotment | Aug 29, 2017 |
| Initiation of Refunds | Aug 30, 2017 |
| Credit of Shares to Demat Acct | Aug 31, 2017 |
| IPO Shares Listing Date | Sep 1, 2017 |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹104,000 |
| Maximum | 1 | 4000 | ₹104,000 |
Attn Members : M/s Seven Hills Beverages Limited, has informed the Exchange that due to internal technical reasons they have decided to withdraw / cancel the Public Issue, the entire application money shall be unblocked fothwith.
No. of Times Issue Subscribed (BSE + NSE) | |||
|---|---|---|---|
As on Date & Time | NII | RII | Total |
Shares Offered | 800,000 | 800,000 | 1,600,000 |
Aug 21, 2017 17:00 | |||
Seven Hills Beverages Ltd
Gat No. 206, Khatwad Phata,
Vill-Pimpalnere,
Tal. Dindori, Nashik - 422 004
Phone: +91 253 231 5305
Email: info@sevenhillsbeverages.in
Website: http://www.sevenhillsbeverages.in
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
Seven Hills Beverages IPO is a SME IPO of 1,600,000 equity shares of the face value of ₹10 aggregating up to ₹4.16 Crores.
The issue price of the IPO is ₹26 Per Equity Share. The minimum order quantity is 4000 Shares per application and the offer type is Fixed Price Issue.
The IPO opens on Aug 18, 2017 and closes on Aug 23, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Seven Hills Beverages IPO opens on Aug 18, 2017 and closes on Aug 23, 2017.
Seven Hills Beverages 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 Seven Hills Beverages IPO will be done on Aug 29, 2017, and the allotted shares will be credited to your demat account by Aug 31, 2017. Check the Seven Hills Beverages IPO allotment status.
Seven Hills Beverages IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
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Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
Dilip Davda
SEBI registered Research Analyst
Mumbai
Read my IPO Reviews
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