Vishwas Agri Seeds Limited IPO Detail
Incorporated in 2013, Vishwas Agri Seeds Limited is in the business of processing and supplying seeds to farmers via the distribution network. The company sells its seeds under the brand name "Vishwas". Vishwas Agri Seeds Limited's product portfolio includes crop seeds for Groundnut, Soybean, Wheat, Cumin, Green Gram, Black Gram Research Hybrid seeds for Cotton, Castol, Pearl Millet, Maize, hybrid vegetable seeds Chilli, Tomato, Brinjal, Watermelon, Sweet Corn, cabbage, Onion, Coriander Seeds, Fenugreek, Mustard, Lucern, Carrot, etc
Vishwas Agri Seeds Limited's commercial operations of seed processing unit along with Warehouse & Cold storage facility is located in Bavla, District: Ahmedabad, Gujarat.
As of March 31, 2023, the company has produced seeds for more than 40 different field crops and vegetables.
Vishwas Agri Seeds Limited have a presence in Gujarat, Maharashtra, and Rajasthan. Vishwas has more than 75 varieties of Crops.
The company has 18 employees who look after the marketing & sales of the products.
Competitive Strengths:
- Integrated Seed processing unit with cold storage and warehouse facility in one premise.
- Wide range of products backed by consistent quality.
- Experienced Promoter supported by dedicated Management team.
Company Promoters
Mr.Ashokbhai Sibabhai Gajera, Mr. Bharatbhai Sibabhai Gajera, Mr.Dineshbhai Madhabhai Suvagiya & OthersIPO Details
| IPO Opening Date | Mar 21, 2024 |
| IPO Closing Date | Mar 26, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹86 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹25.80 Cr |
| Fresh Issue | ₹25.80 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.49x | 1.41x | 0.95x |
| Day 2 | 0.00x | 0.00x | 0.00x | 0.74x | 2.77x | 1.76x |
| Day 3 | 0.00x | 0.00x | 0.00x | 12.80x | 11.57x | 12.21x |
IPO Tentative Timetable
The Vishwas Agri Seeds Limited IPO open date is Mar 21, 2024, and the close date is Mar 26, 2024. The issue may list on Apr 01, 2024.
| IPO Open Date | Mar 21, 2024 |
| IPO Close Date | Mar 26, 2024 |
| Basis of Allotment Date | Mar 27, 2024 |
| Initiation of Refunds | Mar 28, 2024 |
| Credit of Shares to Demat Account | Mar 28, 2024 |
| IPO Listing Date | Apr 01, 2024 |
IPO Lot Size
The Vishwas Agri Seeds Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹137600).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹137600 |
| Maximum | 1 | 1600 | ₹137600 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 2095.59 | 5382.66 | 116.30 |
| 31-Mar-22 | 3362.93 | 6485.80 | 247.94 |
| 31-Mar-23 | 5351.89 | 6532.18 | 534.14 |
| 30-Sep-23 | 8071.95 | 4247.49 | 451.01 |
Objects of the Issue:
The Objects of the Net Issue is to raise funds for:
(a) Capital Expenditure to
i). To Furnish the Corporate Office building
ii). To purchase Equipments for setting up Seed Testing laboratory\
iii). To set-up Greenhouse (Fan-Pad System)
iv). To install Roof Top Solar Monocrystalline Panels (129.6KW)
(b) Additional Working Capital Requirement
(c) General Corporate Purpose
Vishwas Agri Seeds Limited IPO Registrar:
Bigshare Services Pvt Ltd
Vishwas Agri Seeds Limited IPO Lead Manager(s):
Isk Advisors Pvt Ltd
Company Contact Information:
Vishwas Agri Seeds Limited
Near Toll Tax,
S. No. 460, Gangad Road, Bhayla
Ahmedabad, Bavla, Gujarat, India. - 382220
