Fixed Price FPO | ₹29 Cr | Listing at BSE | Wed, Mar 14, 2007 - Fri, Mar 23, 2007
Vimal Oil FPO is a fixed issue price of ₹29.00 crores. The issue is entirely a fresh issue of 0.97 crore shares of ₹29.00 crore.
Vimal Oil FPO bidding started from Mar 14, 2007 and ended on Mar 23, 2007.
Vimal Oil FPO is set final issue price at ₹30 per share. The lot size for an application is 200 shares. The minimum amount of investment required by an individual investor (retail) is ₹6,000 (200 shares) (based on upper price). The lot size investment for sNII is 34 lots (6,800 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (33,400 shares), amounting to ₹10,02,000.
Centrum Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Vimal Oil FPO RHP for detailed Information.
FPO Open
Wed, Mar 14, 2007
FPO Close
Fri, Mar 23, 2007
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹50.84 Cr
| IPO Date | 14 to 23 Mar, 2007 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price FPO |
| Listing At | BSE |
| Total Issue Size | 96,66,667 shares (agg. up to ₹29 Cr) |
| Reserved for Private Promoter | 25,00,000 shares (agg. up to ₹8 Cr) |
| Fresh Issue | 71,66,667 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 71,66,667 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 45,50,000 shares |
| Share Holding Post Issue | 1,69,46,667 shares |
Vimal Oil FPO comprises a total issue size of 71,66,667 shares. The net offer to the public is 46,66,667 shares, after excluding 25,00,000 shares allotted on a firm basis. Of the Net offer 35,83,333 (50.00%) allocated to NII 35,83,334 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| NII (HNI) Shares Offered | 35,83,333 | 50.00% | 50.00% | NA |
| Retail Shares Offered | 35,83,334 | 50.00% | 50.00% | 17,916 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 25,00,000 | 34.88% | NA | |
| Total Shares Offered | 71,66,667 | 100.00% | 100.00% | |
Investors can bid for a minimum of 200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 200 | ₹6,000 |
| Retail (Max) | 33 | 6,600 | ₹1,98,000 |
| S-HNI (Min) | 34 | 6,800 | ₹2,04,000 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To diversify into the production of Snacks Food like Chips and 3464.64 extruded snack, direct fried snacks, and potato chips etc. by setting up the State-of-art production facilities | 34.65 |
| 2 | To meet the Working Capital Margin requirement for the proposed 380.36 project as well as the existing operations | 3.80 |
| 3 | To meet the expenses of the issue | 2.88 |
| KPI | |
|---|---|
| RoNW | 18.4% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 27.41% | 26.52% |
| Market Cap | ₹50.84 Cr. |
The Vimal Oil FPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
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.
Lead Manager Reports
Vimal Oil FPO is a main-board FPO of 96,66,667 equity shares of the face value of ₹10 aggregating up to ₹29 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 200.
The FPO opens on Wed, Mar 14, 2007, and closes on Fri, Mar 23, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in Vimal Oil FPO using UPI as a payment gateway. Zerodha customers can apply in Vimal Oil FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vimal Oil FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vimal Oil FPO opens on Wed, Mar 14, 2007 and closes on Fri, Mar 23, 2007.
Vimal Oil FPO lot size is 200, and the minimum amount required for application is ₹6,000.
You can apply in Vimal Oil FPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Vimal Oil FPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Vimal Oil FPO allotment status.
The Vimal Oil FPO listing date is not yet announced. The tentative date of listing is .
