Oleev olive oil-maker Modi Naturals shares get listed on NSE

Modi Naturals lists on NSE

The shares of Modi Naturals listed on National Stock Exchange (NSE) on December 11 at Rs 381.20 apiece. The stock closed over 3 percent higher than the listing price at Rs 392.90 apiece on December 12.

The Indian consumer goods company operating in the wellness and foods segment said that after its listing on Bombay Stock Exchange (BSE), the listing on NSE "further strengthens its presence across India’s leading stock exchanges, enhancing visibility, liquidity, and access to a wider investor base".

Speaking about the stock’s listing on NSE, Modi Naturals Joint Managing Director Akshay Modi said, "The listing of Modi Naturals Limited on the National Stock Exchange marks a defining milestone in our journey and reflects the steady progress we have made in building a credible, resilient, and growth-oriented organization. This transition initiates a new phase for the Company, as we focus on scaling our operations with discipline, strengthening governance, and executing our long-term growth strategy."

"On this important occasion, I would like to express my sincere appreciation to our shareholders, employees, and all stakeholders for their continued trust and support. Their confidence has been integral to our progress so far, and as we move forward as a listed company, we remain committed to delivering sustainable value and achieving our shared long-term aspirations," he added.

The New Delhi-headquartered company, which was established in 1974, operates four manufacturing facilities in India located at Pilibhit, Sonipat, Hyderabad, and Chhattisgarh. Its portfolio brands include Oleev, Oleev Kitchen and PIPO foods.

Modi Naturals said that it has developed a pan-India distribution network across all channels of FMCG, including the upcoming Q-Commerce, serving our consumers through all modes of online and offline retail across the country over the last decade.

“We are a very proud Indian company, manufacturing and marketing world-class food products in India. The company is poised to grow exponentially in the next few years with its three verticals namely a) consumer goods vertical, b) bulk edible oil and feeds vertical and c) alcohol manufacturing vertical (recently announced). it added.

In line with the Ethanol Blended Petrol (EBP) program, Modi Naturals has diversified into ethanol manufacturing. It said that it is establishing a state-of-the art greenfield Ethanol Plant Chhattisgarh under its wholly owned subsidiary Modi Biotech.