IPO

Vishwas Agri Seeds Limited IPO

NSE SME

Listed On: Apr 1, 2024 at ₹ 85.0

₹ 275200 /3200 Shares
*Min Investment

Check Allotment

21 Mar, 2024

Open Date

26 Mar, 2024

Close Date

27 Mar, 2024

Allotment Date

01 Apr, 2024

Listing Date
Vishwas Agri Seeds Limited IPO Issue Details
  • Issue Price ₹86 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 30,00,000 shares(aggregating up to ₹25.8 crore)
  • Fresh Share 30,00,000 shares(aggregating up to ₹25.8 crore)
  • Listing at NSE SME
  • List Price 85.0
  • Listing Date 2024-04-01
  • Lead Manager Isk Advisors Pvt Ltd
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11600₹1,37,600
Retail(max)11600₹1,37,600
NII (min) 23,200₹2,75,200
Vishwas Agri Seeds Limited IPO Reservation

Vishwas Agri Seeds Limited IPO offers total 3,000,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,1,424,000 (47.47%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered152,000 (5.07%)
Retail Shares Offered1,424,000 (47.47%)
Total Shares Offered3,000,000 (100%)
Vishwas Agri Seeds Limited IPO Documents
DRHP
RHP
Vishwas Agri Seeds Limited IPO Details


Vishwas Agri Seeds Limited IPO is an SME IPO, priced at ₹86 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 30,00,000 equity shares, aggregating up to ₹25.8 crores..

The IPO bidding window is open from Mar 21, 2024 to Mar 26, 2024. The allotment is expected to be finalized on Mar 27, 2024, and the tentative listing date is Apr 1, 2024.

The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,37,600. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,75,200.

Isk Advisors Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Sunflower Broking Private Limited will act as the market maker for this issue.

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Vishwas Agri Seeds Limited IPO Subscription Analysis And Details
Retail
10.86x
Total
11.87x
As onQIB / NIIRetailTotal
Shares Offered / Reserved1,424,0001,424,0002,848,000
Day 1 21-03-24 06:00 PM
0.49 x1.41 x0.95 x
Day 2 22-03-24 06:00 PM
0.74 x2.77 x1.76 x
Day 3 26-03-24 06:00 PM
12.88 x10.86 x11.87 x
Total No of Applications
10,300
Vishwas Agri Seeds Limited Valuations
EPS Pre IPO ₹16.98/-
EPS Post IPO ₹/-
P/E Pre IPO 5.06
ROE 27.20%
ROCE 14.60%
RoNW 23.94%
PAT Margin 10.62
Price to Book Value 3.20
Vishwas Agri Seeds Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets5,351.893,362.932,095.59
Revenue6,532.186,485.805,382.66
Profit After Tax534.14247.94116.30
Net Worth1,432.89478.75200.81
Reserves & Surplus732.89398.75150.81
Total Borrowing1,877.881,697.171,275.08
About Vishwas Agri Seeds Limited Company

Vishwas Agri Seeds Limited is in the business of seed processing and its supply to the farmers through a network of distribution. The products of the company are sold under the brand name Vishwas.Incorporated in the year 2013,. The crop seeds of 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 developed seeds for over 40 varieties of field crops and vegetables.

Vishwas Agri Seeds Limited is present in Gujarat, Maharashtra, and Rajasthan. Vishwas has more than 75 varieties of Crops.

The company has 18 employees who take care of the marketing & sales of the products.

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Vishwas Agri Seeds Limited - Promoter(s)

Mr.Ashokbhai Sibabhai Gajera

Mr. Bharatbhai Sibabhai Gajera

Mr.Dineshbhai Madhabhai Suvagiya

Pre Issue Share Holding : 100%

Post Issue Share Holding : 70%

Vishwas Agri Seeds Limited IPO - Issue Objectives
1

Capital Expenditure to Furnish the Corporate Office building,To purchase Equipments for setting up Seed Testing laboratory,To set-up Greenhouse (Fan-Pad System),To install Roof Top Solar Monocrystalline Panels (129.6KW)

2

Additional Working Capital Requirement

3

General Corporate Purpose

Vishwas Agri Seeds Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Vishwas Agri Seeds Limited16.9816.9820.475.0655.88N/AStandalone
Bombay Super Hybrid Seeds Limited1.611.615.37128.7919.4438.61Standalone
Kaveri Seed Company Ltd.46.3546.35245.614.8118.582.79Standalone
Upsurge Seeds Of Agriculture Limited7.187.1854.9143.9312.285.74Standalone

Notes:

  1. The figures of Vishwas Agri Seeds Limited are based on financial statements as restated as on March 31, 2023.
  2. Current Market Price (CMP) is the closing price of peer group scripts as on March 13, 2023.
  3. The figures for the peer group are based on the standalone audited financials for the year ended March 31, 2023.
Contact Details

Vishwas Agri Seeds Limited

Near Toll Tax, S. No. 460, Gangad Road, Bhayla, Ahmedabad, Bavla, Gujarat, India. - 382220

+91 6535709174

cs@vishwasagriseeds.com

http://www.vishwasagriseeds.com/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html