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Manumangalanubhai Manumangalangaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

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MARKET

IPO Synopsis
Functional & Innovative Foods Ltd
Registered Office: 1/374A Andipalayam Village,Po., Tiruchengode, Namakkal - 637214, Tamil Nadu
Phone: 1
Email: 1
Website: 1
Initial public offering of up to 8,500,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Functional & Innovative Foods Limited ("Company" Or "Issuer") for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) ("Offer Price") aggregating up to [*] Crores comprising of a fresh issue of up to 6,000,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores ("Fresh Issue") and an offer for sale of up to 2,500,000 equity shares of face value of Rs. 10 each aggregating up to Rs. [*] Crores by Senthil Kumar Chinnusamy, (The"Promoter Selling Shareholder") ("Offer For Sale", and together with the fresh issue, the "Offer"). The offer shall constitute [*] % of the post-offer paid up equity share capital of the company. The company, in consultation with the brlm, may consider a pre-ipo placement, prior to filing of the red herring prospectus with the roc ("Pre-Ipo Placement"). The pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlm. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with rule 19(2)(b)of scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. The utilisation of the proceeds raised pursuant to the pre-ipo placement will be done towards the objects in compliance with applicable law. Prior to the completion of the issue and the allotment pursuant to the pre-ipo placement, the company shall appropriately intimate the subscribers to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If undertaken) shall be appropriately made in the relevant sections of the rhp and the prospectus. The face value of the equity shares is Rs. 10 each. The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot, will be decided by the company.
Issue Money Payable On
Opens On Closes On Application Allotment
01-Jan-1970 01-Jan-1970 0.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 0.00
Project Financed through Current Offer 0.00
Post Issue Equity Share Capital 0.00
Issue Price 0.00
Projects
Investment in its wholly owned Subsidiary, Christy Quality Foods India Pvt Ltd ("CQFIPL") in the form of debt or equity for repayment/prepayment of b/ws, in full or in part, of all or a portion of certain o/s b/ws availed by such Subsidiary
Promoted By
Senthil Kumar Chinnusamy
BSE
NSE
Registrar to the Issue
KFin Technologies Ltd
Attention Investor
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