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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.
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 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) |
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 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
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: vofl@intimespectrum.com
Website: https://linkintime.co.in/
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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.
The Vimal Oil IPO opens on Mar 14, 2007 and closes on Mar 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, Edelweiss, 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.
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