Tara Health IPO Latest News Today

Tara Health Foods Ltd has withdrawn its IPO due to lukewarm response from investors.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 Foods IPO finally subscribed 0.60 times (0.0908 in retail) on it's closing day.

Tara Health Foods Limited (THFL) is entering in the capital markets with an initial public offering, IPO of 10,000,000 equity shares of Rs. 10 for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 175/- at lower level and Rs 185/- at upper level for equity share of Rs 10/-.

Incorporated on 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.

The issue opens on Apr 28, 2010, and closes for subscription on May 05, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Tara Health Foods Ltd IPO not subscribed at all on its day 1. Tara Health Foods IPO was open on Apr 28, 2010 and will close on Apr 30, 2010 for subscription. Tara Health Foods has received bids for 16,470 shares as against issue size of 85,00,000 shares.

Oversubscription detail for Day 1

Qualified Institutional Buyers (QIBs): 0.0000 Times

Non Institutional Investors: 0.0000 Times

Retail Individual Investors (RIIs): 0.0047 Times

Total: 0.00 Times

Tara Health Foods Limited (THFL) is entering in the capital markets with an initial public offering, IPO of 10,000,000 equity shares of Rs. 10 for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 175/- at lower level and Rs 185/- at upper level for equity share of Rs 10/-.

Incorporated on 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.

The issue opens on Apr 28, 2010, and closes for subscription on May 05, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Tara Health Foods Limited (THFL) is entering in the capital markets with an initial public offering, IPO of 10,000,000 equity shares of Rs. 10 for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 175/- at lower level and Rs 185/- at upper level for equity share of Rs 10/-.

Incorporated on 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.

The issue opens on Apr 28, 2010, and closes for subscription on May 05, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).