Tunip Agro Limited IPO : Files DRHP With SEBI

by khalid on 06/08/2010 · 0 comments

Tunip Agro Limited is Mumbai based quality food products company founded in 2004. The company has its brand known as “Onjus” which is one of India’s most popular and affordable choice fruit based beverages. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) on 13th July 2010 to float its Initial Public Offer (IPO), of the Equity Shares. The company plans to raise money from primary market with an IPO of —– equity shares of face value Rs 10 each, with a premium decided by the 100% book building process. The issue size of this IPO will be Rs 45.50 crore .

The Promoters of the Company are Mr. Siddhant Goyal and Ms Neeta Goyal.

The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).

The objects of the fresh issue :- The money raised from this IPO will be utilize by the company for setting up manufacturing facilities at Sri Lanka , purchasing office premises at Mumbai and for working capital of the company.

Book Running Lead Managers (BRLMs) to the offer is Keynote Corporate Services Limited, Mumbai .

Stay tuned to BelltheBull Blog for more on Tunip Agro Limited IPO!

Source :- BelltheBull

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