At Rs 51.25 cr Euro India IPO biggest ever on SME platform

Mumbai: Surat based Euro India Fresh Foods (Euro India) completed the biggest IPO on any of the SME platforms in India with a Rs 51.25 crore offer. On Friday, the stock was listed on NSE Emerge platform at Rs 82.35 and closed at Rs 89.95. The shares were offered at Rs 78, a release from Pantomath Capital Advisors, the lead managers to the offer, said.

In the IPO, Euro India offered 65.71 lakh shares at Rs 78 per share. The offer had closed on March 24. Of the total number of shares on offer, 51.25 lakh shares were fresh offers while the promoters sold another 13.81 lakh shares.

Incorporated in 2009, Euro India manufactures extruder snacks, namkeen, farali, Chikki, fruit beverages and packaged drinking water.

Source: Times of India