Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 17 2018

Capricorn Food gets Sebi's Nod to launch IPO

With this, the total number of companies receiving approval from the capital markets regulator has reached 13.

Markets regulator Sebi's has given go-ahead to float an initial public offering to Capricorn Food Products India Ltd, an integrated food processing company.

The company had filed IPO papers with Securities and Exchange Board of India (Sebi) in February and obtained its "observations" on April 12, latest update with the regulator showed.

Sebi's observation is necessary for any company planning to launch public issue like initial public offer (IPO), follow-on public offer (FPO) and rights issue.

With this, the total number of companies receiving approval from the capital markets regulator has reached 13 so far this year.

Going by the draft papers, Capricorn Food's IPO comprises fresh issuance of equity shares worth Rs 171 crore and an offer for sale of up to 76.43 lakh scrips by the existing shareholders.

Proceeds of the issue will be utilised towards repayment of certain indebtedness of the company; investment in its subsidiary Gonglu for repayment of certain borrowings availed by it; and general corporate purposes.

IIFL Holdings, ICICI Securities, and IDFC Bank will manage the company's public issue. The equity shares are proposed to be listed on the BSE and NSE.

Established in 1998, Capricorn Food is a food processing company with both export and domestic operations. It serves clients across North America, Europe, Asia-Pacific, Africa and the Middle East.

Comment
Related opportunities
  • About Us:   Investment Brand fee Space Staff Expected Monthly sal..
    Locations looking for expansion Tamil nadu
    Establishment year 2000
    Franchising Launch Date 2014
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Juices / Smoothies / Dairy parlors
    About Us: At Lassi Corner, we strive to help people transform..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 125
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Snacks / Namkeen shops
    About : • Established in the year 1992, National Chikki is..
    Locations looking for expansion Maharashtra
    Establishment year 1992
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: The only nationalised Chinese wok Quick Service Restaurant (QSR)..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities