Fixed Price IPO | ₹7 Cr | Listed at NSE SME | Wed, Mar 28, 2018 - Wed, Apr 11, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 28, 2018
IPO Close
Wed, Apr 11, 2018
Issue Price
₹32 per share
Market Cap (Pre-IPO)
₹24.09 Cr
| IPO Date | 28 Mar to 11 Apr, 2018 |
| Listed on | Thu, Apr 19, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 23,40,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 1,24,000 shares Beeline Broking Ltd. (agg. up to ₹0.3968 Cr) |
| Fresh Issue (Ex Market Maker) | 22,16,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 22,16,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 51,87,063 shares |
| Share Holding Post Issue | 75,27,063 shares |
| NSE Symbol | NARMADA |
| ISIN | INE117Z01011 |
Narmada Agrobase IPO comprises a total issue size of 23,40,000 shares. The net offer to the public is 22,16,000 shares, after excluding 1,24,000 shares allotted on a firm basis. Of the Net offer 11,08,000 (50.00%) allocated to NII 11,08,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,08,000 | 50.00% | 47.35% |
| Retail Shares Offered | 11,08,000 | 50.00% | 47.35% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,24,000 | 5.30% | |
| Total Shares Offered | 23,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| 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 | To Meet Working Capital Requirement | 6.00 |
| 2 | General Corporate Expenses | 1.19 |
The Narmada Agrobase IPO is subscribed 1.21 times on April 11, 2018 5:00:00 PM (Day 8). The public issue subscribed 1.48 times in the retail category, [.] times in the QIB category, and 0.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.93 | 11,08,000 | 10,32,000 |
| Retail | 1.48 | 11,08,000 | 16,40,000 |
| Total | 1.21 | 22,16,000 | 26,72,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.22 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.02 |
| 4 | Statutory expenses | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹31.95 |
| Low | ₹30.60 |
| High | ₹31.95 |
| Last Trade | ₹31.90 |
Lead Manager Reports
Narmada Agrobase IPO is a SME IPO of 23,40,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on Wed, Mar 28, 2018, and closes on Wed, Apr 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 Wed, Mar 28, 2018 and closes on Wed, Apr 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 Thu, Apr 19, 2018.
