SE Fruits and Vegetable individual investors lead IPO Book Building allocation

September 23, 2026 (MLN): SE Fruits and Vegetable Limited saw individual investors emerge as the largest allottee group in its Initial Public Offering Book Building conducted on September 21-22, 2026, picking up 11,789,315 shares across 39 successful bidders, against 10,710,685 shares allocated to 22 institutional investors, with the strike price determined at Rs40 per share.

The company is offering 30mn ordinary shares in total, representing 32.01% of its post-IPO paid-up capital, and stands to raise Rs1.2bn.

Of this, 22.5mn shares, or 75% of the total issue, were offered through book-building.

The remaining 7.5mn shares, making up 25% of the issue, will be offered to the general public on September 28 and 29, a tranche expected to raise Rs300mn.

The Book Building drew total participation of Rs1,429mn against the floor-price issue size of Rs900mn, an oversubscription of 1.6x, with all 61 participating investors declared successful, according to details shared by book runners Topline Securities Limited and Growth Securities Private Limited in a notice to the Exchange.

Within institutional investors, mutual funds led with 8 bidders securing 2,895,509 shares, followed by "any other institutional investors" with 6 bidders securing 4,910,895 shares and securities brokers with 5 bidders securing 1,934,501 shares, taking the grand total to 22,500,000 shares among 61 successful bidders.

A category-wise breakup of successful investors is provided below:

Proceeds from the IPO will primarily go toward strengthening the company's working-capital position, allowing it to undertake larger seasonal procurement, raise processing throughput and convert rising international demand into higher export revenue.

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