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March 18, 2014

India

Oceanaa Biotek Industries’ Stock Offering

 

Oceanaa Biotek Industries, Ltd., focuses on tiger shrimp seedstock, shrimp hatcheries, shrimp farms, vegetable processing, canning, bottling and information technology.  To support these activities, it is planning to issue 2,100,000 equity shares, offered by VB Desai Financial Services, Ltd. (the manager of the offering) and Bigshare Services, Pvt. Ltd. (the registrar for the offering).  The offering opens on Tuesday, March 18, 2014, and closes on Thursday, March 20, 2014.  The shares will be listed on the BSE SME trading platform.  Minimum purchase is 10,000 shares and multiples of 10,000 shares.

 

Remarks: “Avoid this at par offer due to poor fundamentals and also entry barrier.”

 

Information: Oceanaa Biotek Industries Limited, No.6 First Floor, Wellington Estate, 53 Ethiraj Salai, Egmore, Chennai 600008, Tamil Nadu, India (phone +91-44-3024-1900, fax + 91-44-3024-1990, email obil@oceanicedible.com, webpage http://www.oceanaabiotek.com/index.php).

 

Source: The Free Press Journal.  CPSE ETF: Retail Investors Will Definitely Stand to Benefit.  Dilip Davda (email dilip_davda@rediffmail.com).  March 18, 2014.

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