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

Mar 14, 2007 - Mar 23, 2007

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:

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.

Vimal Oil IPO Details

IPO Opening Date	Mar 14, 2007
IPO Closing Date	Mar 23, 2007
Issue Type	Fixed Price Issue FPO
Face Value	₹10 per equity share
IPO Price	₹30 per equity share
Market Lot
Min Order Quantity
Listing At	BSE
Issue Size	12,396,667 Eq Shares of ₹10 (aggregating up to ₹35.83 Cr)

IPO Notices

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 6.13.1.7(c) 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

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Vimal Oil IPO Rating

3.3

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Company Contact Information

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
Email: investor@vimaloil.com
Website: http://www.vimaloil.com

Vimal Oil IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: vofl@intimespectrum.com
Website: http://www.linkintime.co.in

Vimal Oil IPO Lead Manager(s)

Centrum Capital Limited

Lead Manager Reports

Vimal Oil IPO FAQs

What is Vimal Oil IPO?

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 equity share. The minimum order quantity is .

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

Link Intime India Private Ltd is the registrar for the FPO. The shares are proposed to be listed on BSE.
When Vimal Oil IPO will open?

The Vimal Oil IPO opens on Mar 14, 2007 and closes on Mar 23, 2007.
What is the lot size of Vimal Oil IPO?

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

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When Vimal Oil IPO allotment?

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.
When is Vimal Oil IPO listing date?

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

Vimal Oil IPO Message Board

Ranked Members

21. Anisha Agrawal |Jul 31, 2007 17:28

Want to know about Simplex allotment status

20. ballynain |Apr 4, 2007 08:21

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 |Mar 26, 2007 15:10

I think recd rs.2 to rs.5 per share on listing time

18. Bijal |Mar 21, 2007 12:00

Get Good Return for listing time

17. shripal |Mar 20, 2007 19:51

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 |Mar 16, 2007 15:10

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
Heart

15. yours |Mar 16, 2007 00:08

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 |Mar 15, 2007 23:48

dont apply for this..

13. Chandresh |Mar 14, 2007 15:03

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 |Mar 10, 2007 05:56

This is wrong time to invest in FPO. Stay away otherwise will have to inccur a huge loss

11. Ramesh |Mar 7, 2007 08:39

HEMENDRA SHAH, use your common sense, don't behave like an fool, every body says that, this IPO is worst.

10. pRADEEP |Mar 3, 2007 04:02

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. |Feb 26, 2007 21:51

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?

Regards,
Sundaram.J.S.

8. RMS |Feb 25, 2007 04:36

Its another Usher Agro. Fixed price issue listed on discount. Still trading at discount. Also Ahmedabad company. Be cautious.

7. Vijay Vatyani |Feb 22, 2007 06:01

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 |Feb 21, 2007 02:13

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. |Feb 20, 2007 04:32

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 |Feb 18, 2007 00:09

a very good issue

3. sarbananda gattani |Feb 17, 2007 08:15

not very good company -

even icici direct says that to be cautious

can some one give dalal street rating

2. venugopal |Feb 16, 2007 23:53

what about this?

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