Tara Health Foods Limited IPO : Opening on 28th April 2010

by khalid on 27/04/2010 · 0 comments

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. The company is entering into primary market with an Initial Public Offer (IPO) of 10,000,000 equity shares of Rs 10 each. The IPO is opening on 28th April 2010 and the shares will be available for subscription up to 30th April 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed as Rs 180 at the lower end and Rs 190 at the upper end.

The proceeds of the IPO will be used to setting up a new Edible Oil Refining Plant at existing location, expansion of Cattle Feed Plant at existing location, augmenting long term working capital requirement of the Company, general Corporate Purposes and to achieve the benefits of listing on the Stock Exchanges.

For the period of nine months ended on December 2009, it has reported net profit of Rs 36.29 crore on total income of Rs 243.22 crore.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 29th April 2010 – 03rd May 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 10,000,000 Equity Shares of Rs 10 each
Issue Size : Rs. Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 180 – Rs. 190 Per Equity Share
Market Lot : 30 shares
Minimum Order Quantity : 30 shares
Listing At : BSE, NSE

Book running lead managers to the issue is Atherstone Capital Markets Limited.

Registrar of the Issue is Bigshare Services Pvt. Ltd. Mumbai.

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