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Incorporated in 1997, Sita Shree Food Products Limited is in the business of wheat and pulse processing. The manufacturing unit of the Company is located in the city of Indore on approx. 2.5 acres of land which is connected with major cities like Nagpur and Ahmadabad by roads.
The product portfolio of the Company consists of Wheat Flour, Maida, Rawa, Daliya, Suji, Chana Dal etc. These products are marketed under its own brand like 'Sita Shree Regular' and 'Sita Shree Gold'. The Company now proposes to set up a solvent extraction plant, a Lecithin plant and one additional flour mill to cater to the increasing demand. The proposed project will be set up at Badiakima, Indore, just 8 km away from existing location.
Company achieved a turnover of Rs. 8074.17 lacs during the year ended on 31/03/2007. Presntly the Company is supplying its products to major players in retail industry such as Pantaloon Retail and Reliance Retail. Other clients are Satnam Overseas, Sumermal Surana Traders, Kavita Trading Company, Kishanlal and Sons, Bhavanji Thakarshi and Company, Manilal Shyamji, Shyam Marketing, Raghuram Enterprises & Sondurga Sales etc.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Meet general corporate purposes;
2. Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
| IPO Opening Date | Mar 11, 2008 |
| IPO Closing Date | Mar 14, 2008 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹27 to ₹30 per equity share |
| Market Lot | 200 Shares |
| Min Order Quantity | 200 Shares |
| Listing At | BSE, NSE |
| Issue Size | 10,500,000 Eq Shares of ₹10 (aggregating up to ₹31.50 Cr) |
The Sita Shree IPO market lot size is 200 shares. A retail-individual investor can apply for up to 33 lots (6600 shares or ₹198,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 200 | ₹6,000 |
| Maximum | 33 | 6600 | ₹198,000 |
The Sita Shree IPO is subscribed 2.44 times on 3/14/2008 5:00:00 PM. The public issue subscribed 4.13 times in the retail category, 1.02 times in the QIB category, and 3.25 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | Monday, April 7, 2008 |
| BSE Script Code | 532961 |
| NSE Symbol | SITASHREE |
| Listing In | B Group of Securities |
| ISIN | INE686I01011 |
| IPO Price | ₹30 per equity share |
| Face Value | ₹10 per equity share |
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Sita Shree Food Products Ltd
332/4/2, R.D. Udhyog Nagar,
Palda Nemawar road,
Mathurawala’s Colony, Indore 452001, India.
Phone: + 91-731-2862122
Email: sitashreefoodproducts@yahoo.com
Website: http://www.sitashri.com
Ankit Consultancy Private Limited
Phone: 0731 - 491 298 / 492 698
Email: ankitind@sancharnet.in
Website: http://
Sita Shree IPO is a main-board IPO of 10,500,000 equity shares of the face value of ₹10 aggregating up to ₹31.50 Crores. The issue is priced at ₹27 to ₹30 per equity share. The minimum order quantity is 200 Shares.
The IPO opens on Mar 11, 2008, and closes on Mar 14, 2008.
Ankit Consultancy Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Sita Shree IPO opens on Mar 11, 2008 and closes on Mar 14, 2008.
Sita Shree IPO lot size is 200 Shares and the minimum order quantity is 200 Shares.
You can apply in Sita Shree 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 Sita Shree IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Sita Shree IPO allotment status.
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