Fixed Price IPO | ₹79 Cr | Listing at NSE SME |
Simran Agrovet Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on September 26, 2025 to raise funds through Initial Public Offer (IPO).
Simran Agrovet Ltd. IPO is a Fixed Price Issue consisting solely of fresh issue of upto 0.64 crore equity shares worth ₹78.51 crores.
The equity shares are proposed to be listed on the NSE SME. Mark Corporate Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Simran Agrovet IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹122 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 64,35,000 shares (agg. up to ₹79 Cr) |
| Reserved for Market Maker | 3,25,000 shares (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 61,10,000 shares (agg. up to ₹75 Cr) |
| Net Offered to Public | 61,10,000 shares (agg. up to ₹75 Cr) |
| Share Holding Pre Issue | 1,20,00,000 shares |
| Share Holding Post Issue | 1,84,35,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Sep 26, 2025 |
Simran Agrovet IPO comprises a total issue size of 64,35,000 shares. The net offer to the public is 61,10,000 shares, after excluding 3,25,000 shares allotted on a firm basis. Of the Net offer 30,55,000 (50.00%) allocated to NII 30,55,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 30,55,000 | 50.00% | 47.47% |
| Retail Shares Offered | 30,55,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,25,000 | 5.05% | |
| Total Shares Offered | 64,35,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,44,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,44,000 |
| HNI (Min) | 3 | 3,000 | ₹3,66,000 |
Incorporated in 2017, Simran Agrovet Limited is engaged in the manufacturing of poultry feed, integration and contract farming with poultry farmers.
The company has an in-house production capacity of 66,000 MT per annum of poultry feed which is spread over 0.901 hectare of land, situated in Survey No. 701/1, Gram Memdi, Mhow, Indore.
The company integrated poultry enterprise engaged in the hatching, rearing, and marketing of poultry, including day-old chicks, broiler chickens, and poultry feed. Their operations span the full poultry value chain—from hatching fertile eggs and raising chicks under controlled bio-secure conditions through third-party partners, to contract farming of broilers and in-house feed production.
Business Verticals:
Competitive Strengths:
Simran Agrovet Ltd.'s revenue increased by 53% and profit after tax (PAT) rose by 55% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 138.30 | 86.45 | 34.16 |
| Total Income | 568.00 | 370.49 | 89.24 |
| Profit After Tax | 11.13 | 7.17 | 0.78 |
| EBITDA | 14.84 | 8.40 | -0.01 |
| NET Worth | 21.85 | 10.72 | 3.55 |
| Reserves and Surplus | 18.85 | 7.72 | 0.55 |
| Total Borrowing | 15.90 | 11.25 | 7.05 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Project for setting-up of Breeding Farm Facility, Hatchery Facility and Expansion of the Feed Mill Plant | 35.00 |
| 2 | Working Capital Requirement | 25.00 |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 50.95% |
| ROCE | 68.79% |
| RoNW | 50.95% |
| PAT Margin | 1.97% |
| EBITDA Margin | 2.62% |
| Price to Book Value | 6.70 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 9.28 | 6.04 |
| P/E (x) | 13.15 | 20.2 |
| Promoter Holding | 100% | |
| Market Cap | ₹224.91 Cr. |
Lead Manager Reports
Simran Agrovet IPO is a SME IPO of 64,35,000 equity shares of the face value of ₹10 aggregating up to ₹79 Crores. The issue is priced at ₹122 per share. The minimum order quantity is 1000.
The Simran Agrovet IPO open and close dates are not available as of now.
Skyline Financial 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 Simran Agrovet IPO using UPI as a payment gateway. Zerodha customers can apply in Simran Agrovet IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Simran Agrovet IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Simran Agrovet IPO dates are not announced. Please check back again after some time.
Simran Agrovet IPO lot size is 1000, and the minimum amount required for application is ₹2,44,000, with 2 lots being the minimum application size.
You can apply in Simran Agrovet 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 Simran Agrovet IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Simran Agrovet IPO allotment status.
The Simran Agrovet IPO listing date is not yet announced. The tentative date of listing is .
