The IPO has a completely fresh issue and does not include any offer-for-cell component.
The issue has allocated every 47.5% every 47.5% for retail and non-institutional categories, reserved for the remaining 5% market manufacturer, afterdrade broking private limited.
Nirbay Capital Services is the major manager for this issue and Bigsare Services Registrar. After the allocation on 3 July, the list of shares on the BSE SME platform is expected on 7 July.
Including in 2015, Vandan Foods is mainly engaged in the production of the first phase grade (FSG) Castor Oil and Castor D-Old Cake.
The company supplies these products for use in areas such as pharmaceuticals, paints, textile and agriculture. The company works on both B2B and B2C models and distributes to many Indian states including Gujarat, Telangana, Delhi and Haryana. Percentage. The price of the IPO is made in the market cap after a point of Rs 96.43 crore. Funds raised from IPO will be used to expand working capital (Rs 8.57 crore), loan repayment (Rs 3 crore), Dhinoz facility (Rs 8.29 crore), and general corporate symptoms.
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