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Tanvi Foods IPO is a fixed price issue of Rs 6.60 crores.
Tanvi Foods IPO bidding started from February 17, 2017 and ended on February 22, 2017. The shares got listed on BSE SME on March 2, 2017.
Tanvi Foods IPO price is ₹60 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Aryaman Financial Services Limited is the book running lead manager of the Tanvi Foods IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Tanvi Foods IPO DRHP for detailed information.
| IPO Date | February 17, 2017 to February 22, 2017 |
| Listing Date | March 2, 2017 |
| Face Value | ₹10 per share |
| Price | ₹60 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,100,000 shares (aggregating up to ₹6.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Investors can bid for a minimum of 2000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹120,000 |
| Retail (Max) | 1 | 2000 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in 2007, Tanvi Foods (India) Limited engages in processing, trading, and distribution of food and beverages primarily in the states of Andhra Pradesh and Telangana.
The company offers fresh corn, frozen corn, and green peas in loose, as well as packed form. It also prepares and sells corn based eatables, such as corn samosa’s, corn patties, and spring roll in loose/semi-finished form to caterers, as well as in packaged from to retailers and wholesalers. All of these packaged products are sold under own brand name "Frozen Kings".
In addition to own brand products; it operates a diversified F&B product distribution and trading business wherein the company plays the role of an intermediary between other branded product manufacturers/marketers and end point of sales such as Retailers (including Kiranas and Modern Trade Outlets) and Institutional buyers (such as Hotels, Caterers, Multiplexes etc.). TFL also operates an independent Logistics/Infrastructure services business which in addition to supporting own F&B distribution business also provides Pan India Logistics services to other distributors and players. Company’s logistics/infra services business vertical includes providing transportation services as well as Cold Storage / Warehousing facilities on per ton and per pallet basis respectively.
The Objects of the Issue is to raise funds for:
1. Long term working capital requirement;
2. General Corporate Purposes, and
3. Issue related expenses.
[Dilip Davda] Considering higher pricing, risk savvy cash surplus investors may consider investment for long term. Read detail review...
| Listing Date | March 2, 2017 |
| BSE Script Code | 540332 |
| NSE Symbol | |
| ISIN | INE978V01015 |
| Final Issue Price | ₹60 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹60.00 |
| ₹65.00 |
| ₹60.10 |
| ₹65.00 |
| ₹60.25 |
Tanvi Foods (India) Ltd
No.7-2-4/D, Old Canteen Building,
Sanathnagar Industrial Estate,
Hyderabad
Phone: +91 40 23817299
Email: investors@tanvifoods.com
Website: http://www.tanvifoods.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Tanvi Foods IPO is a SME IPO of 1,100,000 equity shares of the face value of ₹10 aggregating up to ₹6.60 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000 Shares.
The IPO opens on February 17, 2017, and closes on February 22, 2017.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Tanvi Foods IPO opens on February 17, 2017 and closes on February 22, 2017.
Tanvi Foods IPO lot size is 2000 Shares, and the minimum amount required is ₹120,000.
You can apply in Tanvi Foods 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Tanvi Foods IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tanvi Foods IPO allotment status.
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