Overview
- The Rs 408 crore issue combines a Rs 130 crore fresh issue with a Rs 278.8 crore offer for sale by promoters Manish and Madhu Mimani and India Business Excellence funds.
- Anchor bidding starts Sept. 19, public subscription runs Sept. 22–24, the lot size is 46 shares, and the issue is slated to list on NSE and BSE.
- Use of fresh proceeds includes about Rs 60 crore toward loan prepayment and roughly Rs 45 crore for a roasted gram and gram flour unit in Darjeeling, with the balance for general corporate purposes.
- Allocation is structured at 50% for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
- DAM Capital Advisors, Motilal Oswal Investment Advisors, and IIFL Capital Services are the lead managers, MUFG Intime India is the registrar, and the Kolkata-based FMCG firm reported FY25 revenue of Rs 855.16 crore and net profit of Rs 35.43 crore with strong regional market share per Technopak.