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ShreeOswal Seeds IPO is a book build issue of ₹11.90 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹11.90 crore.
ShreeOswal Seeds IPO bidding started from Jun 7, 2018 and ended on Jun 12, 2018. The allotment for ShreeOswal Seeds IPO was finalized on Jun 15, 2018. The shares got listed on NSE SME on Jun 20, 2018.
ShreeOswal Seeds IPO price band is set at ₹26.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,00,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,08,000.
Pantomath Capital Advisors Pvt.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 Pantomath Stock Brokers Pvt.Ltd..
Refer to ShreeOswal Seeds IPO RHP for detailed Information.
| IPO Date | June 7, 2018 to June 12, 2018 |
| Listing Date | June 20, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹25 to ₹26 per share |
| Issue Price Final | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,76,000 shares (aggregating up to ₹11.90 Cr) |
| Reserved for Market Maker | 2,32,000 shares Pantomath Stock Brokers Pvt.Ltd. (aggregating up to ₹0.6032 Cr) |
| Net Offered to Public | 43,44,000 shares (aggregating up to ₹11.29 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,06,69,000 shares |
| Share Holding Post Issue | 1,52,45,000 shares |
ShreeOswal Seeds & Chemicals IPO offers total 45,76,000 shares. Out of which 21,72,000 (47.47%) allocated to NII, 21,72,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,32,000 (5.07%) |
| NII (HNI) Shares Offered | 21,72,000 (47.47%) |
| Retail Shares Offered | 21,72,000 (47.47%) |
| Total Shares Offered | 45,76,000 (100.00%) |
ShreeOswal Seeds IPO opens on June 7, 2018, and closes on June 12, 2018.
| IPO Open Date | Thu, Jun 7, 2018 |
| IPO Close Date | Tue, Jun 12, 2018 |
| Tentative Allotment | Fri, Jun 15, 2018 |
| Initiation of Refunds | Mon, Jun 18, 2018 |
| Credit of Shares to Demat | Tue, Jun 19, 2018 |
| Tentative Listing Date | Wed, Jun 20, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Jun 12, 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 | ₹1,04,000 |
| Retail (Max) | 1 | 4,000 | ₹1,04,000 |
| HNI (Min) | 2 | 8,000 | ₹2,08,000 |
Incorporated in 2002, Madhya Pradesh based ShreeOswal Seeds and Chemicals Limited is an ISO 22000:2005 certified company engaged in the business of production, processing, and sale of different kind of agricultural seeds like wheat,maize,soybean,mustard,etc.
The Company processes various kinds of seeds at its processing unit located at Neemuch, Madhya Pradesh. It processes 5 varieties of wheat seeds, 5 varieties of soya bean seeds, 3 varieties of Mustard seeds, 1 variety of black gram, 1 variety of corn seeds and 1 Variety of isabgol/psyllium. The products are marketed under the brand name of OSWAL. The majority of the sales are through its own Brand which contributed 66.00 %, 85.32 %, and 95.25 % respectively to the total sales for the financial year ended March 31, 2015, 2016, and 2017 respectively.
ShreeOswal has a diversified customer base covering states like Bihar, Jharkhand, Maharashtra, Madhya Pradesh, Rajasthan, Uttar Pradesh, Delhi, and Punjab. The Company operates through a network of distributors and dealers and has an association with more than 114 dealers and distributors.
Strengths of the Company-
1. A diverse portfolio of seeds products
2. Wide distribution network across many states
3. Established brand name of OSWAL
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 2,734.88 | 2,489.88 | 3,009.15 | 2,843.94 | 1,479.95 | |
| Total Revenue | 4,300.12 | 3,887.04 | 5,860.25 | 3,350.11 | 2,254.33 | |
| Profit After Tax | 102.39 | 32.21 | 30.98 | 17.71 | 12.50 | |
The Company ShreeOswal 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 | Purchase of New Plant & Machinery | 1.63 |
| 2 | Funding the working capital requirements of the Company | 6.25 |
| 3 | General corporate purposes* | 2.52 |
[Dilip Davda] Investors may consider investment for medium to long term in ShreeOswal Seeds NSE SME IPO. Read detail review...
| Listing Date | June 20, 2018 |
| BSE Script Code | |
| NSE Symbol | OSWALSEEDS |
| ISIN | INE00IK01011 |
| Final Issue Price | ₹26 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹27.85 |
| Low | ₹27.00 |
| High | ₹27.85 |
| Last Trade | ₹27.00 |
ShreeOswal Seeds & Chemicals Ltd.
Oswal House
Nasirabad Highway,
Village Kanwati,
Neemuch, Madhya Pradesh, 458441
Phone: +91 7423-297006
Email: info@oswalseeds.com
Website: http://www.oswalseeds.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
ShreeOswal Seeds IPO is a SME IPO of 45,76,000 equity shares of the face value of ₹10 aggregating up to ₹11.90 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on June 7, 2018, and closes on June 12, 2018.
Bigshare 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 ShreeOswal Seeds IPO using UPI as a payment gateway. Zerodha customers can apply in ShreeOswal Seeds IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ShreeOswal Seeds IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ShreeOswal Seeds IPO opens on June 7, 2018 and closes on June 12, 2018.
ShreeOswal Seeds IPO lot size is 4000, and the minimum amount required for application is ₹1,04,000.
You can apply in ShreeOswal 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 ShreeOswal Seeds IPO will be done on Friday, June 15, 2018, and the allotted shares will be credited to your demat account by Tuesday, June 19, 2018. Check the ShreeOswal Seeds IPO allotment status.
The ShreeOswal Seeds IPO listing date is on Wednesday, June 20, 2018.
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