Bookbuilding IPO | ₹12 Cr | Listed at NSE SME | Thu, Jun 7, 2018 - Tue, Jun 12, 2018
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 per share. The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,04,000 (4000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Jun 7, 2018
IPO Close
Tue, Jun 12, 2018
Issue Price
₹26 per share
Market Cap (Pre-IPO)
₹39.64 Cr
| IPO Date | 7 to 12 Jun, 2018 |
| Listed on | Wed, Jun 20, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹25 to ₹26 |
| Issue Price | ₹26 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,76,000 shares (agg. up to ₹12 Cr) |
| Reserved for Market Maker | 2,32,000 shares Pantomath Stock Brokers Pvt.Ltd. (agg. up to ₹0.6032 Cr) |
| Fresh Issue (Ex Market Maker) | 43,44,000 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 43,44,000 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 1,06,69,000 shares |
| Share Holding Post Issue | 1,52,45,000 shares |
| NSE Symbol | OSWALSEEDS |
| ISIN | INE00IK01011 |
ShreeOswal Seeds IPO comprises a total issue size of 45,76,000 shares. The net offer to the public is 43,44,000 shares, after excluding 2,32,000 shares allotted on a firm basis. Of the Net offer 21,72,000 (50.00%) allocated to NII 21,72,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 21,72,000 | 50.00% | 47.47% |
| Retail Shares Offered | 21,72,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,32,000 | 5.07% | |
| Total Shares Offered | 45,76,000 | 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 | ₹1,04,000 |
| 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
| 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 | Purchase of New Plant & Machinery | 1.63 |
| 2 | Funding the working capital requirements of the Company | 6.25 |
| 3 | General corporate purposes* | 2.52 |
The ShreeOswal Seeds & Chemicals IPO is subscribed 4.17 times on June 12, 2018 5:00:00 PM (Day 4). The public issue subscribed 5.69 times in the retail category, [.] times in the QIB category, and 2.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.6 | 21,72,000 | 56,44,000 |
| Retail | 5.69 | 21,72,000 | 1,23,48,000 |
| Total | 4.17 | 43,44,000 | 1,81,32,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 1.03 |
| 2 | Regulatory fees | 0.07 |
| 3 | Marketing and Other Expenses | 0.41 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹26.00 |
| Open | ₹27.85 |
| Low | ₹27.00 |
| High | ₹27.85 |
| Last Trade | ₹27.00 |
Lead Manager Reports
ShreeOswal Seeds IPO is a SME IPO of 45,76,000 equity shares of the face value of ₹10 aggregating up to ₹12 Crores. The issue is priced at ₹26 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Jun 7, 2018, and closes on Tue, Jun 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 Thu, Jun 7, 2018 and closes on Tue, Jun 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 Tue, Jun 19, 2018. Check the ShreeOswal Seeds IPO allotment status.
The ShreeOswal Seeds IPO listing date is on Wed, Jun 20, 2018.
