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Bombay Super Hybrid Seeds IPO is a fixed price issue of ₹10.39 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹10.39 crore.
Bombay Super Hybrid Seeds IPO bidding started from Apr 12, 2018 and ended on Apr 17, 2018. The allotment for Bombay Super Hybrid Seeds IPO was finalized on Apr 20, 2018. The shares got listed on NSE SME on Apr 25, 2018.
Bombay Super Hybrid Seeds IPO price is ₹60.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,40,000.
Monarch Networth Capital Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Monarch Networth Capital Ltd..
Refer to Bombay Super Hybrid Seeds IPO RHP for detailed Information.
| IPO Date | April 12, 2018 to April 17, 2018 |
| Listing Date | April 25, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 17,32,000 shares (aggregating up to ₹10.39 Cr) |
| Reserved for Market Maker | 88,000 shares Monarch Networth Capital Ltd. (aggregating up to ₹0.5280 Cr) |
| Net Offered to Public | 16,44,000 shares (aggregating up to ₹9.86 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 48,26,580 shares |
| Share Holding Post Issue | 65,58,580 shares |
Bombay Super Hybrid Seeds IPO offers total 17,32,000 shares. Out of which 8,22,000 (47.46%) allocated to NII, 8,22,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 88,000 (5.08%) |
| NII (HNI) Shares Offered | 8,22,000 (47.46%) |
| Retail Shares Offered | 8,22,000 (47.46%) |
| Total Shares Offered | 17,32,000 (100.00%) |
Bombay Super Hybrid Seeds IPO opens on April 12, 2018, and closes on April 17, 2018.
| IPO Open Date | Thu, Apr 12, 2018 |
| IPO Close Date | Tue, Apr 17, 2018 |
| Tentative Allotment | Fri, Apr 20, 2018 |
| Initiation of Refunds | Mon, Apr 23, 2018 |
| Credit of Shares to Demat | Tue, Apr 24, 2018 |
| Tentative Listing Date | Wed, Apr 25, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Apr 17, 2018 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,20,000 |
| Retail (Max) | 1 | 2,000 | ₹1,20,000 |
| HNI (Min) | 2 | 4,000 | ₹2,40,000 |
Incorporated in 2000, Gujarat based Bombay Super Hybrid Seeds is Manufacturer and Supplier of premium grade Agricultural Seeds. The products of the company are popular for its pure cultivation, moisture-proof packaging, high yield assurance and longer shelf life. It has two brands Kasturi and Bombay.
The product ranges of the company has jumped to more than 27 crops with more than 111 varieties in a span of just 8 years with expansion in Gujarat, Maharastra, Rajasthan, Madhya Pradesh, Andra Pradesh and Karnataka with the necessary approved license. It has also successfully established distribution network of 350 plus dealers. Bombay Super has a state of art fully equipped seed processing unit and seed testing laboratory.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 2,034.27 | 1,523.70 | 838.99 | 408.42 | 447.76 | |
| Total Revenue | 10,970.05 | 6,313.27 | 3,132.65 | 3,012.50 | 1,571.16 | |
| Profit After Tax | 80.48 | 27.43 | 3.74 | 24.80 | 27.26 | |
The Company Bombay Super Hybrid Seeds IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Working capital Requirements | 5.00 |
| 2 | Repayment of Loan | 3.00 |
| 3 | General Corporate Purpose | 2.00 |
[Dilip Davda] <p>Although company has shown better top and bottom lines for recent years, considering aggressive pricing, cash surplus investors may consider investment for long term.</p> Read detail review...
| Listing Date | April 25, 2018 |
| BSE Script Code | |
| NSE Symbol | BSHSL |
| ISIN | INE032Z01012 |
| Final Issue Price | ₹60 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹60.00 |
| Low | ₹57.00 |
| High | ₹63.00 |
| Last Trade | ₹63.00 |
Bombay Super Hybrid Seeds Ltd.
Shrinathji Industrial Estate, Plot No.-11,
Near Kuvadava GIDC, 8-B,
National Highway,
Rajkot, Gujarat, 360023
Phone: +91-9687967096
Email: cs@bombaysuper.in
Website: http://www.bombaysuperseeds.com
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Bombay Super Hybrid Seeds IPO is a SME IPO of 17,32,000 equity shares of the face value of ₹10 aggregating up to ₹10.39 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on April 12, 2018, and closes on April 17, 2018.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Bombay Super Hybrid Seeds IPO using UPI as a payment gateway. Zerodha customers can apply in Bombay Super Hybrid Seeds IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Bombay Super Hybrid Seeds IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Bombay Super Hybrid Seeds IPO opens on April 12, 2018 and closes on April 17, 2018.
Bombay Super Hybrid Seeds IPO lot size is 2000, and the minimum amount required for application is ₹1,20,000.
You can apply in Bombay Super Hybrid Seeds IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Bombay Super Hybrid Seeds IPO will be done on Friday, April 20, 2018, and the allotted shares will be credited to your demat account by Tuesday, April 24, 2018. Check the Bombay Super Hybrid Seeds IPO allotment status.
The Bombay Super Hybrid Seeds IPO listing date is on Wednesday, April 25, 2018.
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