Business Standard

Kaveri Seed Company Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

68.00 cr

Price Range (₹)

170

Lot Size

40

Min Investment (₹)

6,800.00

Listing Exchange

MumbaiNSE

Open Date

06-Sept-2007

Close Date

11-Sept-2007

Listing Date

04-Oct-2007

Kaveri Seed Company Ltd News

    The Shares of Kaveri Seed Company Ltd have now been listed.

    Kaveri Seed Company Ltd IPO Details

    Public issue of 40,00,000 equity shares of Rs. 10 each for cash at a price of Rs.170/- per equity share (including a share premium of Rs.160/- per equity share) for cash aggregating to Rs.68.00 Crores (the issue) out of which 2,00,000 equity shares have been reserved for eligible employees of our company (employee reservation portion). The net issue to the public shall be 38,00,000 equity shares of Rs.10 each for cash at a price of Rs.170/- per equity share (including a share premium of Rs.160/- per equity share) for cash aggregating to Rs.64.60 Crores (the net issue). The issue will constitute 29.20 % of the fully diluted post issue paid-up capital of our company and the net issue will constitute 27.74 % of the fully diluted post issue paid-up capital of our company.Issue Price is Rs.170/- per equity share of face value of Rs.10/-eachThe issue price is 17 times of the face value

    Objective of issue

    Acquis. of Land for R&D Nr. Hyderabad,Alwar&Ahmeda. Setting up of Marketing Offices & Godowns. Setting up of Cron Cob Drying Plants. Setting up of a biotechnology Lab. Upgradation of existing Seed Processing Plants. Setting up of a Seed Processing Plant. Meeting Working Capital requirements.

    Kaveri Seed Company Ltd Contact Details

    Kaveri Seed Company Ltd, E-2/3 Saki Vihar Rd, Ansa Indl Estate, Saki Naka Andheri-E, Mumbai - 400 072

    Phone - 91-22-40430200

    Fax - 91-22-28475207

    Email - cs.kaveri@gmail.com; info@kaveriseeds.in

    Website - www.kaveriseeds.in