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Narmada Agrobase IPO is a fixed price issue of ₹7.49 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹7.49 crore.
Narmada Agrobase IPO bidding started from Mar 28, 2018 and ended on Apr 11, 2018. The shares got listed on NSE SME on Apr 19, 2018.
Narmada Agrobase IPO price is ₹32.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,56,000.
Corporate Capitalventures Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Beeline Broking Ltd..
Refer to Narmada Agrobase IPO RHP for detailed Information.
| IPO Date | March 28, 2018 to April 11, 2018 |
| Listing Date | April 19, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 23,40,000 shares (aggregating up to ₹7.49 Cr) |
| Reserved for Market Maker | 1,24,000 shares Beeline Broking Ltd. (aggregating up to ₹0.3968 Cr) |
| Net Offered to Public | 22,16,000 shares (aggregating up to ₹7.09 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 51,87,063 shares |
| Share Holding Post Issue | 75,27,063 shares |
Narmada Agrobase IPO offers total 23,40,000 shares. Out of which 11,08,000 (47.35%) allocated to NII, 11,08,000 (47.35%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,24,000 (5.30%) |
| NII (HNI) Shares Offered | 11,08,000 (47.35%) |
| Retail Shares Offered | 11,08,000 (47.35%) |
| Total Shares Offered | 23,40,000 (100.00%) |
Narmada Agrobase IPO opens on March 28, 2018, and closes on April 11, 2018.
| IPO Open Date | Wed, Mar 28, 2018 |
| IPO Close Date | Wed, Apr 11, 2018 |
| Tentative Listing Date | Thu, Apr 19, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Apr 11, 2018 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,28,000 |
| Retail (Max) | 1 | 4,000 | ₹1,28,000 |
| HNI (Min) | 2 | 8,000 | ₹2,56,000 |
Incorporated in 2013, Narmada Agrobase Limited is a Gujarat based company engaged in manufacturing & processing of cottonseed meal cake, cattle feed and soya bean meal. The products manufactured by the company are used for the feeding of cattle which provides a high amount of proteins and other nutrients required by them. Also, the by-products of the Products are used in textiles Industry, Consumer Goods Industry, and Paper Industry.
The company manufactures and exports its products under the brand name of "Churma" and "Gaay Chhaap Narmada Pashu Aahar".
Narmada Agrobase has 9 employees (including Registered Office Staff and Factory Workmen and Corporate Office) on
payroll and it also hires contract labor in the factories as per requirement.
| 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 | 1,367.01 | 1,072.64 | 896.18 | 528.13 | 5 | |
| Total Revenue | 3,444.89 | 3,070.72 | 2,203.68 | 209.69 | 0.00 | |
| Profit After Tax | 30.29 | 18.90 | 13.88 | (-2.49) | -- | |
The Company Narmada Agrobase 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 | To Meet Working Capital Requirement | 6.00 |
| 2 | General Corporate Expenses | 1.19 |
[Dilip Davda] <p>Considering exorbitantly priced offer, there is no harm in giving it a miss.</p> Read detail review...
| Listing Date | April 19, 2018 |
| BSE Script Code | |
| NSE Symbol | NARMADA |
| ISIN | INE117Z01011 |
| Final Issue Price | ₹32 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹31.95 |
| Low | ₹30.60 |
| High | ₹31.95 |
| Last Trade | ₹31.90 |
Narmada Agrobase Ltd.
310, Sudarshan Complex,
Mithakhali Underbridge,
Navrangpura,
Ahmedabad, Gujarat, 380009
Phone: +91-79-4037 0886
Email: cs@narmadaagrobase.com
Website: http://www.narmadaagrobase.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Narmada Agrobase IPO is a SME IPO of 23,40,000 equity shares of the face value of ₹10 aggregating up to ₹7.49 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on March 28, 2018, and closes on April 11, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Narmada Agrobase IPO using UPI as a payment gateway. Zerodha customers can apply in Narmada Agrobase IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Narmada Agrobase IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Narmada Agrobase IPO opens on March 28, 2018 and closes on April 11, 2018.
Narmada Agrobase IPO lot size is 4000, and the minimum amount required for application is ₹1,28,000.
You can apply in Narmada Agrobase 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 Narmada Agrobase IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Narmada Agrobase IPO allotment status.
The Narmada Agrobase IPO listing date is on Thursday, April 19, 2018.
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