Tanvi Foods (India) Limited IPO
Tanvi Foods (India) Limited engages in processing, trading, and distribution of food and beverages primarily in the states of Andhra Pradesh and Telangana. The company offers fresh corn, frozen corn, and green peas in loose, as well as packed form. It also prepares and sells corn-based eatables, such as corn samosa, corn patties, and spring roll in loose/semi-finished form to caterers, as well as in packaged form to retailers and wholesalers. All of these packaged products are sold under own brand name “Frozen Kings”.
In addition to own brand products; it operates a diversified F&B product distribution and trading business wherein the company plays the role of an intermediary between other branded product manufacturers/marketers and end point of sales such as Retailers (including Kiranas and Modern Trade Outlets) and Institutional buyers (such as Hotels, Caterers, Multiplexes etc.). TFL also operates an independent Logistics/Infrastructure services business which in addition to supporting own F&B distribution business also provides Pan India Logistics services to other distributors and players. Company logistics/infra services business vertical includes providing transportation services as well as Cold Storage / Warehousing facilities on per ton and per pallet basis respectively.
Objects of the Tanvi Foods (India) Limited IPO:
Tanvi Foods (India) Limited IPO Details:
|Open Date:||Feb 17 2017|
|Close Date:||Feb 22 2017|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||6.60 Cr.|
|Lot Size:||2000 Shares|
|Issue Price:||₹ 60 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Mar 02 2017|