Upsurge Seeds of Agriculture Limited IPO Detail
Incorporated in 2017, Upsurge Seeds of Agriculture Limited (USA) is a seeds manufacturing company engaged in business of growing, developing, processing and marketing of variety of seeds for a range of field crops and vegetables. The company has a processing unit, which is equipped with modern technology and is spread across an area of more than 45,000 sq. feet, situated at Kuvadva, Rajkot.
The company sells its seeds under the brand name "USA seeds". As of March 31, 2022, Upsurge Seeds of Agriculture Limited has produced seeds for more than 40 different field crops and vegetables and have operations across India covering Gujarat, Maharashtra, and Rajasthan with more than 75 varieties of Crops.
The company's product portfolio includes crop seeds for Groundnut, Wheat, Cumin, Green Gram, Black Gram and vegetable seeds for Onion, Coriander Seeds, Fenugreek etc.
Competitive Strengths:
- Wide Range of Seeds and its Variants
- Quality Assurance
- Customer Satisfaction
- Experienced Promoter supported by dedicated Management team
- Proven track record of robust financial performance
Company Promoters
Mr. Arvindkumar Jadavjibhai Kakadia, Mr. Viken Jentilal Kakadiya and Mrs. Sonalben Arvindbhai Kakadiya are the company promoters.IPO Details
| IPO Opening Date | Jul 29, 2022 |
| IPO Closing Date | Aug 02, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹120 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹22.81 Cr |
| Fresh Issue | 1,900,800 shares of ₹10 (aggregating up to ₹22.81 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.58x | 3.85x | 2.21x | |
| Day 2 | - | - | 4.24x | 20.04x | 12.14x | |
| Day 3 | - | - | 101.70x | 59.29x | 80.50x |
IPO Tentative Timetable
The Upsurge Seeds of Agriculture Limited IPO open date is Jul 29, 2022, and the close date is Aug 02, 2022. The issue may list on Aug 11, 2022.
| IPO Open Date | Jul 29, 2022 |
| IPO Close Date | Aug 02, 2022 |
| Basis of Allotment Date | Aug 05, 2022 |
| Initiation of Refunds | Aug 08, 2022 |
| Credit of Shares to Demat Account | Aug 10, 2022 |
| IPO Listing Date | Aug 11, 2022 |
IPO Lot Size
The Upsurge Seeds of Agriculture Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹144000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹144000 |
| Maximum | 1 | 1200 | ₹144000 |
IPO Promoter Holding
| Pre Issue Share Holding | 96.92% |
| Post Issue Share Holding | 70.82% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 835.39 | 1763.73 | 21.92 |
| 31-Mar-21 | 1811.8 | 6290.31 | 85.31 |
| 31-Mar-22 | 4087.49 | 7577.15 | 396.44 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objects:
- To meet the Working Capital requirements.
- General Corporate Purpose.
- To meet Issue Expenses.
Upsurge Seeds of Agriculture Limited IPO Registrar:
Link Intime India Private Ltd
Upsurge Seeds of Agriculture Limited IPO Lead Manager(s):
Finshore Management Services Limited (Past IPO Performance)
Company Contact Information:
Upsurge Seeds of Agriculture Limited
Plot No. 17, Shreenathji Industrial Estate, National Highway 8-B, Kuvadva,
Rajkot
Gujarat
