Tanvi Foods (India) is coming out with an initial public offering (IPO) of 11,00,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 60 per equity share. The issue will open on February 17, 2017 and will close on February 22, 2017. The shares will be listed on SME platform of BSE.
The company will use the issue proceeds foe long term working capital requirement; general corporate purposes and issue related expenses.
The book running lead manager to the issue is Aryaman Financial Services, while the compliance officer for the issue is Shilpa Kotagiri.
The company currently specializes in products such as Fresh Corn, Frozen Corn, and Green Peas in loose as well as packed form. Further, it also prepares and sells corn based eatables such as Corn Samosa’s, Corn Patties and Spring Roll, in loose / semi-finished form to caterers as well as packaged from to Retailers and Wholesalers.