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Euro India Fresh Foods to hit capital markets to raise upto Rs 51.26 crore

  • Mar-20-2017
  • 11:58:00 Hrs IST

Euro India Fresh Foods is coming out with an initial public offering (IPO) of 65,71,200 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 78 per equity share. The issue will open on March 21, 2017 and will close on March 24, 2017. The shares will be listed on NSE Emerge Platform.

The company will use the issue proceeds for Repayment of certain unsecured loans, working capital requirements and general corporate purpose.

The book running lead manager to the issue is Pantomath Capital Advisors, while the compliance officer for the issue is Nikki Shah.

The company is engaged in manufacturing of chips, extruder snacks, namkeen, farali, extruder snacks, Chat, fruit beverages and packaged drinking water, of which, chips, get more (a variety of extruder snacks) and packaged drinking water is manufactured directly by it and farali, extruder snacks and fruit beverages is manufactured by its group entities on its behalf.