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Indo US Bio-Tech IPO is a fixed price issue of ₹7.29 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹7.29 crore.
Indo US Bio-Tech IPO bidding started from Apr 30, 2018 and ended on May 3, 2018. The shares got listed on BSE SME on May 11, 2018.
Indo US Bio-Tech IPO price is ₹51.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹1,02,000 (2000 shares). The minimum lot size investment for HNI is 2 lots (4,000 shares), amounting to ₹2,04,000.
Swastika Investmart Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Indo US Bio-Tech IPO RHP for detailed Information.
| IPO Date | April 30, 2018 to May 3, 2018 |
| Listing Date | May 11, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹51 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,30,000 shares (aggregating up to ₹7.29 Cr) |
| Reserved for Market Maker | 74,000 shares Beeline Broking Ltd. (aggregating up to ₹0.3774 Cr) |
| Net Offered to Public | 13,56,000 shares (aggregating up to ₹6.92 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 34,24,392 shares |
| Share Holding Post Issue | 48,54,392 shares |
Indo US BioTech IPO offers total 14,30,000 shares. Out of which 6,78,000 (47.41%) allocated to NII, 6,78,000 (47.41%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 74,000 (5.17%) |
| NII (HNI) Shares Offered | 6,78,000 (47.41%) |
| Retail Shares Offered | 6,78,000 (47.41%) |
| Total Shares Offered | 14,30,000 (100.00%) |
Indo US Bio-Tech IPO opens on April 30, 2018, and closes on May 3, 2018.
| IPO Open Date | Mon, Apr 30, 2018 |
| IPO Close Date | Thu, May 3, 2018 |
| Tentative Listing Date | Fri, May 11, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 3, 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 | ₹1,02,000 |
| Retail (Max) | 1 | 2,000 | ₹1,02,000 |
| HNI (Min) | 2 | 4,000 | ₹2,04,000 |
Incorporated in 2004, Gujarat based Indo US Bio-Tech Limited is engaged in the business of breeding products, processing and marketing of high performing open-pollinated and hybrid agricultural seed varieties & (seed testing, soil & water testing ). The company has its own laboratory for seed testing at Junagadh.
The company started In-House Research and Development (R&D) unit at Modasa, District - Sabarkantha (Gujarat) for research activities to produce better and different varieties of seeds. On September 23, 2011, it got the recognition up to March 31, 2014, for In-House R&D from Government of India, Ministry of Science and Technology, Department of Scientific and Industrial Research Technology Bhavan, New Delhi (DSIR).
In the initial stage, the company was engaged in producing different varieties of oilseeds and pulses seeds, later on, it also added vegetable, spices and cereals seeds to its basket. In the year 2014, it shifted its R&D unit Gandhinagar to carry on its research activities.
As on January 31, 2018, Indo US Bio-Tech has 45 Employees in various departments.
| 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 | 1,293.66 | 1,368.76 | 767.52 | 605.19 | 626.38 | |
| Total Revenue | 2,457.79 | 1,914.53 | 1,966.07 | 1,485.50 | 1,493.84 | |
| Profit After Tax | 64.99 | 35.99 | 49.59 | 25.96 | 29.94 | |
The Company Indo US Bio-Tech 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 | Incremental Working Capital | 5.04 |
| 2 | General Corporate Purpose | 1.80 |
[Dilip Davda] <p>Super profits for FY17 and seven months of FY 18 appears to have been window dressed before IPO and are a major concern for its sustainability. Considering this, cash surplus risk savvy investors may consider investment at their own risk for long term.</p> Read detail review...
| Listing Date | May 11, 2018 |
| BSE Script Code | 541304 |
| NSE Symbol | INDOUS |
| ISIN | INE250Z01010 |
| Final Issue Price | ₹51 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹51.00 |
| Open | ₹55.05 |
| Low | ₹55.05 |
| High | ₹57.80 |
| Last Trade | ₹57.80 |
Indo US Bio-Tech Ltd.
309, Shanti Mall,
Satadhar Char Rasta, Opp. Navrang Tower,
Sola Road,
Ahmedabad, Gujarat, 380061
Phone: +91 - 79 - 2749 1807
Email: compliance@indousagriseeds.com
Website: http://www.indousagriseeds.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Indo US Bio-Tech IPO is a SME IPO of 14,30,000 equity shares of the face value of ₹10 aggregating up to ₹7.29 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000.
The IPO opens on April 30, 2018, and closes on May 3, 2018.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Indo US Bio-Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Indo US Bio-Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indo US Bio-Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indo US Bio-Tech IPO opens on April 30, 2018 and closes on May 3, 2018.
Indo US Bio-Tech IPO lot size is 2000, and the minimum amount required for application is ₹1,02,000.
You can apply in Indo US Bio-Tech 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 Indo US Bio-Tech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Indo US Bio-Tech IPO allotment status.
The Indo US Bio-Tech IPO listing date is on Friday, May 11, 2018.
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