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Oceanic Foods IPO
Incorporated in 1993, Oceanic Foods Limited is FSSC 22000 complied Company engaged in manufacturing of dehydrated food products. The company exports dehydrated vegetables to various countries around the globe. Its products are internationally certified by US FDA, Kosher and Halal and are domestically certified by FSSAI, and APEDA.
The company currently has two manufacturing units spread over more than 5 acres in aggregate. Unit I is situated at Lalpur, Jamnagar spread over 5 acres and Unit II situated at Jamnagar spread over half acre. Unit I is an automated plant where primary process of dehydration is carried out at Unit I which includes peeling, washing, slicing and steam drying. Unit II carries out Secondary Process of Dehydration which includes oven drying and toasting. We purchase 100% raw material i.e. Onion locally from Gujarat and Garlic from Maharashtra, Madhya Pradesh and Rajasthan. Oceanic Foods IPO also has an in-house Laboratory for testing the quality of its products.
Promoters of Oceanic Foods – Vinodrai Patel and Ajesh Patel
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Oceanic Foods IPO details |
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| Subscription Dates | 20 – 22 Mar 2017 |
| IPO Price band | INR65 per share |
| Fresh issue | 1,000,000 shares (INR6.5 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,000,000 shares (INR6.5 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
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Oceanic Foods’ financial performance (in INR crore) |
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| FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | 6M FY2017 | |
| Total revenue | 49.46 | 50.24 | 71.53 | 81.34 | 62.84 | 39.76 |
| Total expenses | 47.82 | 48.42 | 71.12 | 79.50 | 60.24 | 39.21 |
| Profit after tax | 1.07 | 1.22 | 1.30 | 1.23 | 1.70 | 0.37 |
| Day |
Subscription (no. of times) |
| Day 1 | Â 0.14 |
| Day 2 | Â 0.80 |
| Day 3 | Â 2.25 |
Oceanic Foods Limited
Opp. Brooke Bond Factory, P.N. Marg,
Jamnagar – 361 002
Phone:Â +91 0288 2757 366
Email: [email protected]
Website:Â www.oceanicfoods.com
Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup West, Mumbai – 400 078
Maharashtra, India
Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]
Website: http://www.linkintime.co.in
Oceanic Foods IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
You can also check your IPO allotment status from your mobile at
http://linkintime.co.in/ipo
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IPO Opening Date: 20Â March 2017
IPO Closing Date: 22 March 2017
Listing Date: 31 March 2017
Listing Price on BSE SME: INR65 per share (unchanged from IPO price)
Closing Price on BSE SME:Â INR66.8 per share (return of 2.8% over IPO price)
what is the allotment and the listing date. The issue is small. Promoters seems much ambitious for production expansion and export business promotion.