Tara Health Foods IPO Price Band revised, closing date extended

The closing date for the IPO of Tara Health Foods Ltd. is extended and the IPO would now close on Monday, May 05, 2010 instead of earlier scheduled closing date of Friday, April 30, 2010. The Price Band for the IPO has also been revised from the earlier price band of Rs.180/- to Rs.190/- per equity share to the revised price band of Rs.175/- to Rs.185/- per equity share (Click here to view Tara Health Foods IPO Revised Details)

Tara Health Foods IPO, consisting of 10,000,000 Equity Shares of Rs.10/- each, had opened for subscription from Wednesday, April 28, 2010. The IPO was assigned an IPO Grade 2 from credit rating agency Fitch, indicating 'Below Average Fundamentals'

Tara Health Foods IPO had remained poorly subscribed till Friday, April 30, 2010, the scheduled closing date of the IPO, when it was subscribed only 0.03 times or 3% on an overall basis. The IPO has received poor response from all the three categories of investors till now. (Click here to view Tara Health Foods IPO Bidding Status till Friday, April 30, 2010)

Tara Health Foods Limited (THFL) is engaged in the business of manufacturing of oil and cattle/poultry feed. Company is now also in the nutritive healthy edible oil segment producing and selling Rice Bran Oil, blend of Rice Bran Oil and Refined Olive Oil