Incorporated in 1997, Sita Shree Food Products Limited is in the business of wheat and pulse processing. The manufacturing unit of the Company is located in the city of Indore on approx. 2.5 acres of land which is connected with major cities like Nagpur and Ahmedabad by roads. 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".
Sita Shree Food Products Ltd is entering in the capital markets with an initial public offering, IPO of [ ] Equity Shares aggregating Rs. 315 million, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 27/- at lower level and Rs. 30/- at upper level for equity share of Rs. 10/-. The issue opens on Mar 11, 2008, and closes for subscription on Mar 14, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
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