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Vimal Oil and Foods Limited FPO (Vimal Oil IPO) Detail

March 14, 2007 - March 23, 2007

Vimal Oil IPO is a fixed price issue of Rs 35.83 crores.

Vimal Oil IPO bidding started from March 14, 2007 and ended on March 23, 2007.

Vimal Oil IPO price is ₹30 per share.

Centrum Capital Limited is the book running lead manager of the Vimal Oil IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Vimal Oil IPO DRHP for detailed information.

Vimal Oil IPO Details

IPO Date March 14, 2007 to March 23, 2007
Listing Date [.]
Face Value ₹10 per share
Price ₹30 per share
Lot Size
Total Issue Size12,396,667 shares
(aggregating up to ₹35.83 Cr)
Issue Type Fixed Price Issue FPO
Listing At BSE

About Vimal Oil and Foods Limited

Vimal Oil and Foods Limited is BSE listed company (BSE Code: 519373), engaged in the production of edible oil. VOFL export the De-oiled Cake (DOC), a by-product under the solvent extraction to various foreign countries.

VOFL Product Range includes oils of Cottonseed, Groundnut, Soya, mustard and palm. The Refined Oil is sold in the local market under the 'VIMAL' Brand name

VOFL also has a Wind Mill which is situated at village Kalyanpur, Dist. Jamnagar with a capacity of 0.225 Mg Watt. The electricity generated by the plant is supplied to Gujarat Electricity Board and gets the credit against Electricity purchased from Gujarat Electricity Board for its plants at other locations.

VOFL has a Milk Powder plant and planning to diversify into fast growing Snack Food and Food Processing sector.

Objects of the Issue (Vimal Oil IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges and to raise capital to
1. To diversify into the production of Food Snacks like Chips and extruded snack, direct fried snacks, and potato chips etc. by setting up the State-of-art production facilities;
2. To meet the Working Capital Margin requirement for the proposed project as well as the existing operations.

IPO Notices

External Link

Issue Withdraw

31st March 2007

Indbank Merchant Banking Services Ltd acting as the co-lead manager of the composite issue of Vimal Oil & Foods Ltd has informed BSE that, the Rights issue of Vimal Oil & Foods Ltd was subscribed to the extent of Rs 757.12 lakhs against Rs 750 lakhs making subscription upto 1.01 times and the public issue was subscribes to the extent of Rs 1555 lakhs against Rs 2150 lakhs making subscription upto 0.72 times. Pursuant to clause as per SEBI Guidelines 'Minimum Subscription' has not been satisfied jointly for both rights and public issue, hence the issue has been called off.

Vimal Oil IPO Prospectus

Vimal Oil IPO Rating

Rating:Rated 3.3 stars
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Vimal Oil and Foods Limited Contact Details

Vimal Oil and Foods Limited
Vimal Oil and Foods Limited,
4th Floor, Heritage, and Nr. The Grand Bhagwati,
Sarkhej Gandhinagar Highway, Ahmedabad - 380 054
Phone: +91-79- 26841851

Vimal Oil IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Vimal Oil IPO - Buy or Not

Vimal Oil IPO Recommendation Summary

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Vimal Oil IPO FAQs

Vimal Oil IPO is a main-board FPO of 12,396,667 equity shares of the face value of ₹10 aggregating up to ₹35.83 Crores. The issue is priced at ₹30 per share. The minimum order quantity is .

The FPO opens on March 14, 2007, and closes on March 23, 2007.

Link Intime India Private Ltd is the registrar for the FPO. The shares are proposed to be listed on BSE.

The Vimal Oil IPO opens on March 14, 2007 and closes on March 23, 2007.

Vimal Oil IPO lot size and the minimum order quantity is not available at this time. Please check again later.

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

The Vimal Oil IPO listing date is not yet announced. The tentative date of Vimal Oil IPO listing is [.].
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Vimal Oil IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



21. Anisha Agrawal |   Link |  Bookmark |July 31, 2007 5:28:14 PM
Want to know about Simplex allotment status
20. ballynain |   Link |  Bookmark |April 4, 2007 8:21:07 AM
Dear friends,

Before making any investment decesion for our hard earned money do some heavy home work without which u will loss your hard earned money. in my case my investment consultant told me for investing in Crains india and I have issued 4 cheques for full amount of retail investor then on the day of closing I realised that there is some dispute between the company with ONGC/MRPL and next day I issued stop payment instruction to my bank now I purchased Crains from the market at 120.00 and now I hold 500 crains @120.00.
19. Bhavin |   Link |  Bookmark |March 26, 2007 3:10:30 PM
I think recd rs.2 to rs.5 per share on listing time
18. Bijal |   Link |  Bookmark |March 21, 2007 12:00:14 PM
Get Good Return for listing time
17. shripal |   Link |  Bookmark |March 20, 2007 7:51:35 PM
is it already listed? it comes from 50rs to 39rs now in market... at the time of allotment u will get it below 30 from market itself.....
16. heart |   Link |  Bookmark |March 16, 2007 3:10:56 PM
Mr HEMENDRA SHAH why r u mis leading investors. Are you belongs to this copmpany if yes please be away from this site this is only for real investors, if no then do proper homework and then write ur valuable comment. This really effects other persans financial.
Be a good social human being.
I also request everyone the same, do proper homework and post it here when u r alomost confirmed.

I think no body will mind my words because this is for all of us who are putting hard earned money into IPOs.

I also want to Chittorgarh staff to interfere in this to make this forum real and take actions amongst paid peoples of companies who are putting comments just to make their IPO oversubsribed.

Your Friend
15. yours |   Link |  Bookmark |March 16, 2007 12:08:31 AM
I think, (but not sure)you should not go for this issue. As per experience, an issue with *** stars is a flop.Almost
flop considering marketing position.
Never heard the name also.
Chek out early in the morning,if First source is in red, buy it and keep it for at least 2-3 days minimum
(although a long term "faydewala").
Also buy idea if down early in the morning (A long term
term investment), I think you will be benefitted.
14. umesh |   Link |  Bookmark |March 15, 2007 11:48:08 PM
dont apply for this..
13. Chandresh |   Link |  Bookmark |March 14, 2007 3:03:54 PM
Buy from Market at 42 now,as before closing of this FPO company will move price to 50 plus,dont aply FPO ,buy from market now only
12. jagdish laddha |   Link |  Bookmark |March 10, 2007 5:56:46 AM
This is wrong time to invest in FPO. Stay away otherwise will have to inccur a huge loss
11. Ramesh |   Link |  Bookmark |March 7, 2007 8:39:00 AM
HEMENDRA SHAH, use your common sense, don't behave like an fool, every body says that, this IPO is worst.
10. pRADEEP |   Link |  Bookmark |March 3, 2007 4:02:46 AM
Only fools will apply.Mr HEMENDRA SHAH suggest you to sell all your assets and put money in this company.You will be millionaire.
9. Sundaram.J.S. |   Link |  Bookmark |February 26, 2007 9:51:23 PM
What is the matter with Ahmedabad companies????
A couple of my friend's have also asked me to exercise caution when dealing with ahmedabad based companies.

Can anyone clarify?

8. RMS |   Link |  Bookmark |February 25, 2007 4:36:15 AM
Its another Usher Agro. Fixed price issue listed on discount. Still trading at discount. Also Ahmedabad company. Be cautious.
7. Vijay Vatyani |   Link |  Bookmark |February 22, 2007 6:01:27 AM
NEVER BUY FPO if company is not reputed. You will be loss if purchase at 35 because more share will be added resulting price has to go down. You can study Gulshan Sugar FPO whcich com recently.
6. manish baheti |   Link |  Bookmark |February 21, 2007 2:13:39 AM
vimal oil & foods ipo is coming on 14 to 23 march. right now the price in bse is rs. 35/- kindly inform if i purchase the share @ rs. 35 from bse market then there is a chance of getting profit at the time of ipo.
5. Sundaram.J.S. |   Link |  Bookmark |February 20, 2007 4:32:55 AM
Dear Rajan,
Even I lost quite a substantial amount on CAIRN India, But it was my mistake because I did not do my home work on CAIRN INDIA.But I am a little bit careful now & do not invest in IPO's without any proper homework.
So I would request you to do your home work before investing in IPO's like house of fashions.....
4. HEMENDRA SHAH |   Link |  Bookmark |February 18, 2007 12:09:20 AM
a very good issue
3. sarbananda gattani |   Link |  Bookmark |February 17, 2007 8:15:13 AM
not very good company -

even icici direct says that to be cautious

can some one give dalal street rating
2. venugopal |   Link |  Bookmark |February 16, 2007 11:53:29 PM
what about this?