Sita Shree Food IPO Opens on Mar 11 with price band Rs 27-30
The company that is coming up with new IPO on both BSE and NSE exchanges, Sita Shree Food Products is in the business of wheat and pulse processing. The product portfolio of the company consists of wheat flour, maida, rawa, daliya, suji, chana dal etc. These products are marketed under its own brand like Sita Shree, Regular and Sita Shree Gold. It has reported sales of Rs 80.73 crore and net profit of Rs 0.92 crore for the year ended March 2007.
Sita Shree Food Products is coming out with an initial public offering equity shares of Rs 10 each at a price band of Rs 27-30 per share for cast aggregating Rs 31.5 crore.
The issue will open for subscription on March 11 and close on March 14, 2008. Lead manager to the issue is Keynote Corporate Services Limited and Ankit Consultancy Private Limited is the registrar.
Sita Shree Food IPO Allotment status shall be available here sometime later in future.
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