A wheat and pulse processing company, Sita Shree Food Products, has hit an intraday high of Rs 46.65 before closing the day at Rs 43.90, up 46.33% over its offer price of Rs 30. It traded with volumes of 3,79,84,808 shares on the BSE.
Dinesh Agarwal, Managing Director of Sita Shree Food Products sees his company’s FY09 sales at Rs 175 - 200 crore. He estimates the company’s profits at Rs 4.5- 5 crore. Speaking to CNBC-TV18, Agarwal said that in FY09, 75% of their revenues would be through trading, and 25% through manufacturing.
The company is looking to increase exports significantly in FY09, Agarwal added.
On the NSE, the stock surged by 45.67% to settle at Rs 43.70. It traded with volumes of 3,53,54,825 shares and witnessed a turnover of Rs 153.22 crore. Sita Shree has touched a high/low of Rs 46.70 and Rs 33.95, respectively.
The company had entered capital market with an IPO of 1.16 crore equity shares of Rs 10 each. The issue was subscribed 2.44 times.
Sita Shree is in the business of wheat and pulse processing. The product portfolio of the company consists of wheat flour, maida, rawa, daliya, suji, chana dal etc. These products are marketed under its own brand like Sita Shree, Regular and Sita Shree Gold.
Source: Moneycontrol.com
Showing posts with label Sita Shree Food IPO. Show all posts
Showing posts with label Sita Shree Food IPO. Show all posts
Tuesday, April 8, 2008
Friday, March 14, 2008
Sita Shree Food IPO subscribed fully
The initial public offering of Sita Shree Food Products has managed to subscribe fully. The issue received bids for 1.16 crore shares.
The issue has opened for subscription with an initial public offering equity shares of Rs 10 each at a price band of Rs 27-30 per share aggregating Rs 31.5 crore. Equity shares are proposed to be listing on the BSE and NSE.
The objects of the issue are to Finance the capital expenditure programs - setting up a Solvent Extraction Plant having 500TPD capacity, setting up a oil refinery for Solvent Extraction Plant having 100TPD capacity, setting up a Lecithin plant for processing the by products of Solvent Extraction Plant having 5TPD capacity at Badia Kima (M.P.) and setting up a Flour Mill of 275TPD. Other objects are to meet working capital margin requirement of the business, to meet the expenses of the issue and to enable listing of the equity shares of the company on the stock exchanges.
Sita Shree is in the business of wheat and pulse processing. The product portfolio of the company consists of wheat flour, maida, rawa, daliya, suji, chana dal etc. These products are marketed under its own brand like Sita Shree, Regular and Sita Shree Gold.
Lead manager to the issue is Keynote Corporate Services Limited and Ankit Consultancy Private Limited is the registrar.
Source: Moneycontrol.com
The issue has opened for subscription with an initial public offering equity shares of Rs 10 each at a price band of Rs 27-30 per share aggregating Rs 31.5 crore. Equity shares are proposed to be listing on the BSE and NSE.
The objects of the issue are to Finance the capital expenditure programs - setting up a Solvent Extraction Plant having 500TPD capacity, setting up a oil refinery for Solvent Extraction Plant having 100TPD capacity, setting up a Lecithin plant for processing the by products of Solvent Extraction Plant having 5TPD capacity at Badia Kima (M.P.) and setting up a Flour Mill of 275TPD. Other objects are to meet working capital margin requirement of the business, to meet the expenses of the issue and to enable listing of the equity shares of the company on the stock exchanges.
Sita Shree is in the business of wheat and pulse processing. The product portfolio of the company consists of wheat flour, maida, rawa, daliya, suji, chana dal etc. These products are marketed under its own brand like Sita Shree, Regular and Sita Shree Gold.
Lead manager to the issue is Keynote Corporate Services Limited and Ankit Consultancy Private Limited is the registrar.
Source: Moneycontrol.com
Tuesday, March 11, 2008
Sita Shree Food IPO opens for subscription
Sita Shree Food Products is open for subscription with an initial public offering equity shares of Rs 10 each at a price band of Rs 27-30 per share for cast aggregating Rs 31.5 crore.
The issue will close for subscription on March 14, 2008. Equity shares are proposed to be listing on the BSE and NSE.
The objects of the issue are to Finance the capital expenditure programs - setting up a Solvent Extraction Plant having 500TPD capacity, setting up a oil refinery for Solvent Extraction Plant having 100TPD capacity, setting up a Lecithin plant for processing the by products of Solvent Extraction Plant having 5TPD capacity at Badia Kima (M.P.) and setting up a Flour Mill of 275TPD. Other objects are to meet working capital margin requirement of the business, to meet the expenses of the issue and to enable listing of the equity shares of the company on the stock exchanges.
Sita Shree is in the business of wheat and pulse processing. The product portfolio of the company consists of wheat flour, maida, rawa, daliya, suji, chana dal etc. These products are marketed under its own brand like Sita Shree, Regular and Sita Shree Gold.
It has reported sales of Rs 80.73 crore and net profit of Rs 0.92 crore for the year ended March 2007.
Lead manager to the issue is Keynote Corporate Services Limited and Ankit Consultancy Private Limited is the registrar.
Source: Moneycontrol.com
The issue will close for subscription on March 14, 2008. Equity shares are proposed to be listing on the BSE and NSE.
The objects of the issue are to Finance the capital expenditure programs - setting up a Solvent Extraction Plant having 500TPD capacity, setting up a oil refinery for Solvent Extraction Plant having 100TPD capacity, setting up a Lecithin plant for processing the by products of Solvent Extraction Plant having 5TPD capacity at Badia Kima (M.P.) and setting up a Flour Mill of 275TPD. Other objects are to meet working capital margin requirement of the business, to meet the expenses of the issue and to enable listing of the equity shares of the company on the stock exchanges.
Sita Shree is in the business of wheat and pulse processing. The product portfolio of the company consists of wheat flour, maida, rawa, daliya, suji, chana dal etc. These products are marketed under its own brand like Sita Shree, Regular and Sita Shree Gold.
It has reported sales of Rs 80.73 crore and net profit of Rs 0.92 crore for the year ended March 2007.
Lead manager to the issue is Keynote Corporate Services Limited and Ankit Consultancy Private Limited is the registrar.
Source: Moneycontrol.com
Monday, March 3, 2008
Sita Shree Food IPO opens on Mar 11, price band Rs 27-30
Sita Shree Food Products is coming out with an initial public offering equity shares of Rs 10 each at a price band of Rs 27-30 per share for cast aggregating Rs 31.5 crore.
The issue will open for subscription on March 11 and close on March 14, 2008. Equity shares are proposed to be listing on the BSE and NSE.
The objects of the issue are to Finance the capital expenditure programs - setting up a Solvent Extraction Plant having 500TPD capacity, setting up a oil refinery for Solvent Extraction Plant having 100TPD capacity, setting up a Lecithin plant for processing the by products of Solvent Extraction Plant having 5TPD capacity at Badia Kima (M.P.) and setting up a Flour Mill of 275TPD. Other objects are to meet working capital margin requirement of the business, to meet the expenses of the issue and to enable listing of the equity shares of the company on the stock exchanges.
Sita Shree is in the business of wheat and pulse processing. The product portfolio of the company consists of wheat flour, maida, rawa, daliya, suji, chana dal etc. These products are marketed under its own brand like Sita Shree, Regular and Sita Shree Gold.
It has reported sales of Rs 80.73 crore and net profit of Rs 0.92 crore for the year ended March 2007.
Lead manager to the issue is Keynote Corporate Services Limited and Ankit Consultancy Private Limited is the registrar.
Source: Moneycontrol.com
The issue will open for subscription on March 11 and close on March 14, 2008. Equity shares are proposed to be listing on the BSE and NSE.
The objects of the issue are to Finance the capital expenditure programs - setting up a Solvent Extraction Plant having 500TPD capacity, setting up a oil refinery for Solvent Extraction Plant having 100TPD capacity, setting up a Lecithin plant for processing the by products of Solvent Extraction Plant having 5TPD capacity at Badia Kima (M.P.) and setting up a Flour Mill of 275TPD. Other objects are to meet working capital margin requirement of the business, to meet the expenses of the issue and to enable listing of the equity shares of the company on the stock exchanges.
Sita Shree is in the business of wheat and pulse processing. The product portfolio of the company consists of wheat flour, maida, rawa, daliya, suji, chana dal etc. These products are marketed under its own brand like Sita Shree, Regular and Sita Shree Gold.
It has reported sales of Rs 80.73 crore and net profit of Rs 0.92 crore for the year ended March 2007.
Lead manager to the issue is Keynote Corporate Services Limited and Ankit Consultancy Private Limited is the registrar.
Source: Moneycontrol.com
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