Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI returned the draft Initial Public Offer (IPO) documents of Star Agriwarehousing & Collateral Management Ltd. on March 19, 2025, due to non-compliance with disclosure requirements as outlined in Schedule VI of ICDR regulations. Star Agriwarehousing & Collateral Management Ltd. had filed the DRHP with SEBI on December 4, 2024 for Initial Public Offer (IPO).
Star Agriwarehousing & Collateral Management Ltd. IPO was a Book Build Issue consisting of fresh issue of ₹450.00 crores and an offer for sale (OFS) of upto 2.69 crore equity shares.
The equity shares were proposed to be listed on NSE and BSE. Jefferies India Pvt.Ltd. was the book running lead manager and MUFG Intime India Pvt.Ltd. was the registrar of the issue.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹450 Cr) |
| Offer for Sale | 2,69,19,270 shares of ₹2 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 7,24,87,825 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Dec 4, 2024 |
| Offer document returned | Wed, Mar 19, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not lessthan 35% of the Net Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in 2006, Star Agriwarehousing and Collateral Management Limited engaged in providing services such as procurement, trade facilitation, warehousing, collateral management, financing solutions, digital marketplace and technology based value-added data services.
Star Agriwarehousing and Collateral Management Limited has a pan-India network of 2,189 warehouses at 379 locations spread across 19 states in India, as of June 30, 2024.
Collateral Management Business: the company supports lenders such as banks and financial institutions including NBFCs.
Financing Solutions Business: the company offers a range of loans which are extended through their capital as well as through co-lending and business correspondent models through the Material Subsidiary, Agriwise Finserv Limited, which is an NBFC.
Agribazaar Tradefloor: is an e-auction platform which enables institutional buyers and sellers to list agricultural commodities and products for auction, while traders, suppliers, processors, millers and corporates participate by placing bids.
The company also offer trade facilitation services to the customers in the Procurement and Trade Facilitation business.
As of June 30, 2024, the company provide services to more than 145,000 stakeholders including corporates, traders, processors/millers, FPOs covering a large and diverse farmer network, and banks and financial institutions, through the businesses, Procurement and Trade Facilitation, Warehousing, Collateral Management, Financing Solutions, Agribazaar Tradefloor and Agribazaar Marketplace and Technology based value added data services.
The company has a pan-India network of 1,165 professional warehouses in 235 locations across 16 states in India as of June 30, 2024
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 836.50 | 798.41 | 700.79 | 714.37 |
| Total Income | 342.03 | 1,006.71 | 709.72 | 392.03 |
| Profit After Tax | 22.45 | 46.60 | 28.75 | 12.14 |
| NET Worth | 465.66 | 444.42 | 400.35 | 373.96 |
| Total Borrowing | 131.02 | 148.64 | 142.53 | 212.00 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Part-funding the working capital requirements of the Company; | 120.00 |
| 2 | Part-funding the working capital requirements of the Material Subsidiary, FarmersFortune (India) Private Limited (“FFIPL”); | 125.00 |
| 3 | Infusion of funds in the Material Subsidiary, Agriwise Finserv Limited (“AFL”), towards augmenting of capital; and | 100.00 |
| 4 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 10.81% |
| ROCE | 12.43% |
| RoNW | 10.50% |
| PAT Margin | 4.72% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 88.17% |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission, brokerage and selling commission) | |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding/uploading charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Others: Listing fees, SEBI filing fees, upload fees, Stock Exchanges processing fees, book building software fees and other regulatory expenses | |
| 5 | Printing and stationery expenses | |
| 6 | Advertising and marketing expenses | |
| 7 | Fees payable to legal counsel | |
| 8 | Fees payable to the Monitoring Agency | |
| 9 | Miscellaneous |
Lead Manager Reports
Star Agriwarehousing IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Star Agriwarehousing IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Star Agriwarehousing IPO using UPI as a payment gateway. Zerodha customers can apply in Star Agriwarehousing IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Star Agriwarehousing IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Star Agriwarehousing IPO dates are not announced. Please check back again after some time.
Star Agriwarehousing IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Star Agriwarehousing 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 Star Agriwarehousing IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Star Agriwarehousing IPO allotment status.
The Star Agriwarehousing IPO listing date is not yet announced. The tentative date of listing is .
