Shanti Overseas (India) Ltd IPO


Subscription Details

  • Open Date 21 Jul
  • Close Date 26 Jul
  • Lot Size 3000
  • IPO Size ₹ 10.02 Cr
  • IPO Price Range ₹ 50
  • Min Investment ₹ 150000

Shanti Overseas (India) Ltd IPO Timeline

Open Date
21 Jul
Close Date
26 Jul
Basis of Allotment
Credit to Demat Account
Listing Date

IPO Synopsis

Initial public issue of 20,04,000 equity shares of face value of Rs. 10 each (equity shares) of Shanti Overseas (India) Limited (company or issuer) for cash at a price of Rs.50 per equity share (including a share premium of Rs.40 per equity share) (issue price) aggregating to Rs.10.02 crores (issue ) of which 1,38,000 equity shares of face value of Rs. 10.00 each for a cash price of Rs.50 per equity share, aggregating to Rs.0.69 crores will be reserved for subscription by market maker (market maker reservation portion). The issue less the market maker reservation portion i.e. Issue of 18,66,000 equity shares of face value of Rs. 10.00 each at an issue price of Rs.50 per equity share aggregating to 9.33 crores (is hereinafter referred to as the net issue). The issue and the net issue will constitute 27.07% and 25.20%, respectively of the post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price is Rs.50 each. The issue price is 5.0 times of the face value.

How to apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Shanti Overseas (India) Ltd IPO

Contact Information


215-216 Vikram Tower,
1st Floor,
Indore, Madhya Pradesh 452001

Shanti Overseas (India) Ltd IPO Lead Manager

Hem Securities Ltd
Open Demat Account