Monday, April 26, 2010

Tara Health Foods Ltd IPO opening on Apr 28 to May 05

Tara Health Foods Limited (THFL) is entering in the capital markets with an initial public offering, IPO of 10,000,000 equity shares of Rs. 10 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 175/- at lower level and Rs 185/- at upper level for equity share of Rs 10/-.


Incorporated on 1977, Tara Health Foods Limited (THFL) is in the business of manufacturing of oil and cattle/poultry feed. Company is now also in the nutritive healthy edible oil segment producing and selling Rice Bran Oil, blend of Rice Bran Oil and Refined Olive Oil. Company not only produce these products but also market them in the northern part of the country as on date through different points of sale set up in the state(s) of Punjab, Delhi, Haryana and Jammu & Kashmir.


The issue opens on Apr 28, 2010, and closes for subscription on May 05, 2010. 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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