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Tara Health Foods Limited IPO (Tara Health IPO) Detail

April 28, 2010 - April 30, 2010

Tara Health IPO is a book built issue of Rs 0.00 crores.

Tara Health IPO bidding started from April 28, 2010 and ended on April 30, 2010.

Tara Health IPO price band is set at ₹175 to ₹185 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹5,550.

Atherstone Capital Markets Limited is the book running lead manager of the Tara Health IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Tara Health IPO RHP for detailed information.

Tara Health IPO Details

IPO Date April 28, 2010 to April 30, 2010
Listing Date [.]
Face Value ₹10 per share
Price Band ₹175 to ₹185 per share
Lot Size 30 Shares
Total Issue Size10,000,000 shares
(aggregating up to ₹0.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue20,044,000
Share holding post issue30,044,000

Tara Health IPO Reservation

Tara Health IPO offers 8,500,000 shares. 3,500,000 (41.18%) to QIB, 1,500,000 (17.65%) to NII, 3,500,000 (41.18%) to RII. 116,666 RIIs will receive minimum 30 shares and (sNII) and (bNII) will receive minimum 1,110 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered3,500,000 (41.18%)NA
NII (HNI) Shares Offered1,500,000 (17.65%)
Retail Shares Offered3,500,000 (41.18%)116,666
Total Shares Offered8,500,000 (100%)

Tara Health IPO Lot Size

Investors can bid for a minimum of 30 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 30 ₹5,550
Retail (Max) 36 1080 ₹199,800
Lot Size Calculator

Tara Health IPO Promoter Holding

The Promoters of Tara Health Foods Ltd are:

1. Mr.Kulwant Singh, aged 51 years, is the Non Executive Chairman of the Company.
2. Mr. Jaswant Singh, aged 47 years, the Chairman of the Company.
3. Mr. Balwant Singh, aged 44 years, the Managing Director of the Company.

Share Holding Pre Issue 100%
Share Holding Post Issue 66.72%

About Tara Health Foods Limited

Incorporated in 1977, Tara Health Foods Limited (THFL) is in the business of manufacturing of oil and cattle/poultry feed. Company is now also in the nutritive healthy edible oil segment producing and selling Rice Bran Oil, blend of Rice Bran Oil and Refined Olive Oil. Company not only produce these products but also market them in the northern part of the country as on date through different points of sale set up in the state(s) of Punjab, Delhi, Haryana and Jammu & Kashmir.

Company have two business segments

1. Animal Nutrition - It includes cattle feed, feed supplements and mineral mixtures.
2. Edible Oils - A range of health focussed edible oils such as Olive oil, Rice Bran Oil and their blend(patent under process).

Company Financials

ParticularsFor the year/period ended (Rs. in Million)
Total Income751.561982.411061.08338.4771.210.02
Profit After Tax (PAT)98.78169.9790.1414.180.630.05

Key Performance Indicator

Objects of the Issue (Tara Health IPO Objectives)

The objects of the issue are for:

1. Setting up a new Edible Oil Refining Plant at existing location;
2. Expansion of Cattle Feed Plant at existing location;
3. Augmenting long term working capital requirement of the Company;
4. General Corporate Purposes; and
5. Achieve the benefits of listing on the Stock Exchanges.

Tara Health IPO Subscription Status (Bidding Detail)

The Tara Health IPO is subscribed 0.60 times on May 5, 2010 5:00:00 PM. The public issue subscribed 0.09 times in the retail category, 0.50 times in the QIB category, and 2.01 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Tara Health Foods Ltd IPO Grading / Rating

Fitch has assigned an IPO Grade 2 to Tara Health Foods Ltd IPO. This means as per Fitch company has 'Below Average Fundamentals'. Fitch assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the Fitch IPO Grading Document for Tara Health Foods Ltd.

IPO Notices

External Link
Attn Members: Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of TARA HEALTH FOODS LIMITED will close on May 05th,2010 instead of the earlier closing day on Apr 30th,2010.Further price band has been revised from Rs 180/- to Rs 190/- per share to Rs 175/- to Rs 185/- per share.

May 07, 2007
Tara Health Foods Ltd has withdrawn its IPO due to lukewarm response from investors. Lead manager said in press release that 'The issuer company Tara Health Foods has decided to withdraw the IPO of its equity shares due to uncertainty in the global markets and weak response from the investors.'

Tara Health IPO Prospectus

Tara Health IPO Rating

Rating:Rated 3.4 stars
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Tara Health Foods Limited Contact Details

Tara Health Foods Limited
3rd Floor, Mall Plaza,
Fountain Chowk, The Mall,
Ludhiana � 141001, Punjab, India
Phone: +91 01675 274300

Tara Health IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Tara Health IPO - Buy or Not

Tara Health IPO Recommendation Summary

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Members 0 0 0

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Tara Health IPO FAQs

Tara Health IPO is a main-board IPO of 10,000,000 equity shares of the face value of ₹10 aggregating up to ₹0.00 Crores. The issue is priced at ₹175 to ₹185 per share. The minimum order quantity is 30 Shares.

The IPO opens on April 28, 2010, and closes on April 30, 2010.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Tara Health IPO opens on April 28, 2010 and closes on April 30, 2010.

Tara Health IPO lot size is 30 Shares, and the minimum amount required is ₹5,550.

You can apply in Tara Health 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 Tara Health IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Tara Health IPO allotment status.

The Tara Health IPO listing date is not yet announced. The tentative date of Tara Health IPO listing is [.].
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Tara Health IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



184. ram |   Link |  Bookmark |July 15, 2010 8:21:01 PM
gem ipo finder.
i like ur suggestions
183. manoj jain |   Link |  Bookmark |May 23, 2010 10:55:16 PM
I'm going to avoid Stanchart IDR.
182. akka |   Link |  Bookmark |May 23, 2010 6:45:48 PM
181. ds |   Link |  Bookmark |May 22, 2010 5:58:43 PM
stanchart idr ka tarapur se bhi kharab haal hoga..idr withdraw karna padega,yadi price band soch samaj ke nahi laya to.bhagwan sab ka bhala kare. jai siya ram
180. Maan shing |   Link |  Bookmark |May 22, 2010 5:04:36 PM
Standard chartard same as tara food , tara ra ra.
179. ds |   Link |  Bookmark |May 21, 2010 9:57:12 AM
looking at current mkt position i have revised my nifty level to 2999.yaad kana mujhe
178. Kamal Singh |   Link |  Bookmark |May 20, 2010 7:39:29 PM
Friends, i am holding jp infra and am scared about tomorrows listing as I have invested 4 lakhs in 4 demat accounts. And I am scared whether I will et my money back. please let me know the propect of the jaypee infra listing.P L E A S E...
177. HEMANT |   Link |  Bookmark |May 20, 2010 6:10:33 PM
176. ds |   Link |  Bookmark |May 20, 2010 10:09:08 AM
my dearbrother justb use common sense ,in spite of the fact , there r so many seller then also price is holding means this is almost bottom price for this ..SJVN...HOLD FOR SOME TIME YOU WILL GET GOOD PRICE...
175. Vipin Jain |   Link |  Bookmark |May 19, 2010 11:21:08 PM
can someone tell me what to do to get the refund for this ipo
174. Vipin Jain |   Link |  Bookmark |May 18, 2010 11:15:58 PM
have anybody got refund? it has been more than 15 days. No news about the refund for this failure
173. sreedhar |   Link |  Bookmark |May 18, 2010 7:46:15 PM
Then for what purpose SEBI is for?There are several investors who are new to the market & they get caught in this whirlpool as they can not distinguish between Fundamental driven stocks & Operator driven & also momentum driven stocks.I had several friends who had dabbled in RNRL,Ispat,JP Hydro,Rel capital,Adlabs etc in the previous bull market as these stocks were making new highs daily & they thought this is easy way to make a quick buck.All of them were first timers to the markets & infact they made more money than me by trading in these stocks but did not book their profits.I had even warned them against entering these stocks.Now all of them are out of market .This is the reason why Indians do not invest in stock market.Only a miniscule percentage of them invest in stock market?Why becos there is no confidence in the market & that is soley due to such stocks & inaction of regulatory authorities.
172. sreedhar |   Link |  Bookmark |May 18, 2010 12:42:47 PM
Again the same old story.European market open 1.5 percent up bcos yesterday they were down at the time of closing .Actually they are still down compared to the rate at which they closed yesterday.Anyhow I bought & sold Reliance today & gained 2 percent intraday as I thought the nonsense will be repeated today.
171. Vipin Jain |   Link |  Bookmark |May 17, 2010 11:54:42 PM
when should i get the refund for this issue???
170. sreedhar |   Link |  Bookmark |May 17, 2010 10:19:24 PM
Global markets are not steadying at all & a deeper cut is looking likely.I am wondering whether Stanchart will come out with its IDR on May 25.If it does come out we will get it at a further 10 percent down.
169. sreedhar |   Link |  Bookmark |May 17, 2010 10:16:12 PM
Dear gem,
I just meant to say SJVNL may or may not trade above NHPC & its own price will be discovered in due course.Those who have invested in SJVNL do not worry as the PSU IPOs which come with reasonable valuations will trade above IPO price unless a major market fall occurs.
168. sreedhar |   Link |  Bookmark |May 17, 2010 9:51:11 PM
There is no guarantee that SJVNL will trade below NHPC price.Everybody said the same thing about how OIL Should trade at least 50 Rs below ONGC Which is a bigger & better play.What happened after the listing?OIL is now trading 15 percent above ONGC price.Compared to ONGC-OIL ,SJVNL-NHPC valuations are more skewed towards SJVNL.So SJVNL may list & trade below NHPC but there is no sacrosanct rule that forbids it to be below NHPC.If market conditions permit there is a high probability it will be above NHPC.
167. sreedhar |   Link |  Bookmark |May 17, 2010 9:42:45 PM
It is extremely frustrating the way European markets are perfoming.On a down day when Asian markets are down by more than 2 percent & the European markets were already down by 3 percent previous day ,At the time of our market closing they will be in green & hence our markets recover from 2 percent down to close with a loss of only 0.5 to 0.7 percent.But in the evening they fall.This way our market is being saved from the slaughter.Today also the same thing has happened .The European markets were 1.5 percent up at the time of Indian market closing & now they they are down by 1 percent.If the same had happened at the time of our market close we would have broken the 200 DMA.India is outperforming other markets which is not good becos Indian markets always catch up later & that would be a serious problem.The faster the market crashes the better.
166. mr.india |   Link |  Bookmark |May 17, 2010 7:58:40 PM
pyare invester brother. don`t wary be happy. NTPC ka EPS.10.72- 2009-2010. ( V/S- EPS-9.81-2008-2009.) capital. 8245 cr. hai.

SJVN LTD. ka 9 month net profit Rs.775 cr. hai. uske hisab se EPS 12 month ka net profit Rs.1100 cr.aayega.SJVN LTD KA CAPITAL 4200 CR. hai. to 2.80 EPS.(by average) to kue apana shares Rs. 30 me beche ? aap sab log Rs.50 me hi bechana BSE per rakho. lene wala use chahie to le jayega.
165. sreedhar |   Link |  Bookmark |May 17, 2010 7:03:10 PM
Source-Economic times--------

Shriram Transport Finance is coming with yet another issue of non-convertible debentures (NCD). The issue opens on May 17, 2010, and closes on May 31, 2010. The investor can invest with a minimum sum of Rs 10,000. The company intends to raise Rs 250 crore through this issue with an option to retain over subscription of another Rs 250 crore. The company had tapped the NCD route to raise funds last year too.

The investment in company’s debt gets strength from the fact that it is one of the most successful non- banking financial companies (NBFC) in the country. It is primarily into financing of second-hand commercial vehicle. It is the only company in the organised market providing finance for such kind of customers, which other financial institutions are not comfortable dealing with due to an extremely difficult credit appraisal process.

The company can access the creditworthiness of its borrowers, as it is into this market for the past three decades. And its success is borne by the fact that net non-performing assets form less than 1% of its net advances as at the end of December 2009 quarter. This is one of the best asset qualities in NBFC space in India. And it gives comfort to the investors too.

The salient part of the issue is that this time the company intends to raise 80% of corpus from the retail investors. The scheme is structured in five options. In three of the options the investment is secured and in the remaining two, it is unsecured. While the secured options are rated as CARE AA+, the unsecured have been rated as CARE AA. A point to be noted is that even the unsecured option is rated adequately high by the credit rating agency. So the retail investors can be rest assured that the risk is minimal.

Within secured options, there are three alternatives, wherein an investor can invest for either 5 or 7 years depending upon the duration of investment he is comfortable with. The yield that a retail investor can earn ranges from 9.5% to 10.51% per annum. At a time, when most of the bank’s fixed deposits are not giving a better interest than 7.5% per annum, the company’s NCD issue seems to offer an attractive yield for the retail investors.

The yield is higher for unsecured options. The investor can invest either for six-and-a-half or for seven years. The yield a retail investor can make ranges from 10.75% to 11.25% per annum. The premium over fixed deposit rates is obviously more in case of unsecured options. What makes this issue attractive for retail investors is that the term of investment is quite high i.e. 5-7 years. We are in a phase, where interest rates are on an upward trajectory. At a time, when the general interest levels are already a bit high, this offer provides a premium over and above already high interest rates. So it makes a lot of sense for retail investor to park some funds at high rates for a long period of time.

Moreover, NCDs are going to be listed at National Stock Exchange (NSE). So an investor can redeem his investments should an urgent need for cash arises. Therefore a crucial aspect of investment i.e. liquidity is taken care of. In nutshell, an investment in Shriram Transport Finance’s NCD comes with twin advantages of high return and high liquidity. It makes sense for retail investors to park some hard-earned money here.