Sita Shree Food Products IPO Subscription begins

Sita Shree Food IPO Subscription started today and the issue closes on 14th March, 2008. Sitashree Foods IPO is a small food processing company which is set to raise over Rs.31.5 crore through the public offering. Price band of the Sita Shree Food Products IPO is set at Rs. 27 to 30 per share for equity shares of Rs. 10 each and the issue is proposed to be listed on the BSE and the NSE exchanges. Sita Shree is a food processing company which processes products like wheat, maida, suji, and other dals. The company markets its products under the name Sita Shree regular and Sita Shree Gold. The company plans to use the proceeds rasied from the IPO for setting up new plants and to finance the capital expenditure. Sita Shree Food has reported Net profit of Rs. 0.92 crore for the year ended March 2007 for Reported sales of rs. 80.73 crore. Book RunningLead manager to Sita Shree Food IPO is Keynote Corporate Services Limited and Ankit Consultancy Pvt Ltd is the registrar for the Sita Shree IPO. More information and updates on the Sita Shree Food Products IPO Subscription will be updated here soon.