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| Sarveshwar Foods plans to enter capital market | | |  Early Times Report
Jammu, Feb 14: Sarveshwar Foods Ltd ('Sarveshwar' / 'Company'), engaged in the business of processing and marketing of branded and un-branded basmati and non-basmati rice in the domestic and international markets now plans to enter the capital market with an initial public offer of 64,67,200 equity shares of face value Rs. 10 each for cash
The funds raised through the public issue are proposed to be utilized for Part Finance of Working capital requirement; Investment in Subsidiary; Meeting the expenses to the Offer; and General Corporate Purposes.
The Issue is being made through the Book Built Process wherein 50% of the Net Issue shall be available for allocation on a proportionate basis to Retail Investors, and balance 50% of the net issue shall be available for allocation on a proportionate basis to Non-Retail Investors, irrespective of the number of specified securities applied for, in accordance with SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. The unsubscribed portion in either categories specified above may be allocated to the applicants in the other category.
The equity shares are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE"). |
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