Tara Health Foods Limited IPO Allotment

ipo news for Tara Health Foods Limited Tara Health Foods Limited (THFL) Punjab-based cattle nutrition and healthy edible oil industry, announced its “initial public offering” (IPO) open on Apr 28, 2010 and would remain open for subscription till April 30, 2010. THFL set the price band in the 180-190 level, Initial public offering is consist of 1 crore Equity Shares. Face value for IPO is Rs 10 and Issue Type is Book Building.

THFL having a two business segments, one is Animal Nutrition (, feed supplements and mineral mixtures), other is Edible Oils (Olive oil and Rice Bran Oil). The company(THFL) plan to utilize the proceeds from the issue(IPO) to set up a new edible oil refining plant and expansion of its cattle feed plant at existing location.

31-Mar-07, Tara Health Foods Limited has reported profit after tax of Rs 1.5 crore (total income of Rs 33.8 crore). 31-Mar-08, profit after tax of Rs 9. crore (total income of Rs 106 crore). 31-Mar-09, it has posted profit after tax of Rs 17 crore (total income of Rs 198 crore).

Mr.Kulwant Singh, Non Executive Chairman, Mr. Jaswant Singh Chairman and Mr. Balwant Singh, the Managing Director are the Promoters of the Company.

Market Lot is 30 and Minimum Order Qty is 30.

Fitch has assigned Grade 2 to Tara Health Foods Limited (THFL) initial public offer. This indicating company “Below Average Fundamentals”

Address; 3rd Floor, Mall Plaza, Fountain Chowk, The Mall, Ludhiana – 141001, Punjab, India.

Conduct details;

Phone number; 91-01675-274300 Fax detail; 91-01675-273241.

Email address; info@tarahealthfoods.com
Website Url;   http://www.tarahealthfoods.com

Atherstone Capital Markets Ltd is a Book Running Lead Manager.

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