Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Thu, Apr 12, 2018 - Tue, Apr 17, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Apr 12, 2018
IPO Close
Tue, Apr 17, 2018
Issue Price
₹60 per share
Market Cap (Pre-IPO)
₹39.35 Cr
| IPO Date | 12 to 17 Apr, 2018 |
| Listed on | Wed, Apr 25, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹60 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 17,32,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 88,000 shares Monarch Networth Capital Ltd. (agg. up to ₹0.5280 Cr) |
| Fresh Issue (Ex Market Maker) | 16,44,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 16,44,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 48,26,580 shares |
| Share Holding Post Issue | 65,58,580 shares |
| NSE Symbol | BSHSL |
| ISIN | INE032Z01012 |
Bombay Super Hybrid Seeds IPO comprises a total issue size of 17,32,000 shares. The net offer to the public is 16,44,000 shares, after excluding 88,000 shares allotted on a firm basis. Of the Net offer 8,22,000 (50.00%) allocated to NII 8,22,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,22,000 | 50.00% | 47.46% |
| Retail Shares Offered | 8,22,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 88,000 | 5.08% | |
| Total Shares Offered | 17,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working capital Requirements | 5.00 |
| 2 | Repayment of Loan | 3.00 |
| 3 | General Corporate Purpose | 2.00 |
The Bombay Super Hybrid Seeds IPO is subscribed 9.67 times on April 17, 2018 5:00:00 PM (Day 4). The public issue subscribed 14.45 times in the retail category, [.] times in the QIB category, and 4.56 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 4.56 | 8,22,000 | 37,46,000 |
| Retail | 14.45 | 8,22,000 | 1,18,74,000 |
| Total | 9.67 | 16,44,000 | 1,58,96,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, Underwriting and brokerages. | 0.35 |
| 2 | Regulatory expenses and payment to other intermediaries such as Legal Advisors, Peer Review Auditors, Registrars and other out of pocket expenses. | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹60.00 |
| Open | ₹60.00 |
| Low | ₹57.00 |
| High | ₹63.00 |
| Last Trade | ₹63.00 |
Lead Manager Reports
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 Crores. The issue is priced at ₹60 per share. The minimum order quantity is 2000.
The IPO opens on Thu, Apr 12, 2018, and closes on Tue, Apr 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 Thu, Apr 12, 2018 and closes on Tue, Apr 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 Tue, Apr 24, 2018. Check the Bombay Super Hybrid Seeds IPO allotment status.
The Bombay Super Hybrid Seeds IPO listing date is on Wed, Apr 25, 2018.
