The public issue will close for subscription on January 22, 2013
Delhi-based Esteem Bio Organic Food Processing is set to hit the capital markets, through BSE SME, with an initial public offering IPO of 45,00,000 equity shares of Rs 10 each. The issue, at fixed price of Rs 25 per share, opens for subscription on January 18 and closes on January 22, 2013.
The company aims to raise Rs 11.25 crore through public issue. Net issue for the public is of 37.50 lakh equity shares while the balance 7.5 lakh shares will be reserved for subscription by market makers to the issue. Bids can be made for minimum of 6,000 equity shares and in multiples of 6,000 shares thereafter.
The issue proceeds will be used for setting up of shade net cultivation facility, development of farm land for organic farming, procurement of farm tools and equipments and brand building.
Guiness Merchant Bankers is the book running lead manager to the issue.
