Fixed Price IPO | ₹26 Cr | Listed at NSE SME | Thu, Mar 21, 2024 - Tue, Mar 26, 2024
Vishwas Agri Seeds IPO is a fixed price issue of ₹25.80 crores. The issue is entirely a fresh issue of 0.30 crore shares of ₹25.80 crore.
Vishwas Agri Seeds IPO bidding started from Mar 21, 2024 and ended on Mar 26, 2024. The allotment for Vishwas Agri Seeds IPO was finalized on Mar 27, 2024. The shares got listed on NSE SME on Apr 1, 2024.
Vishwas Agri Seeds IPO price is ₹86 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,37,600 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,75,200.
ISK 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 Sunflower Broking Pvt.Ltd..
Refer to Vishwas Agri Seeds IPO RHP for detailed Information.
IPO Open
Thu, Mar 21, 2024
IPO Close
Tue, Mar 26, 2024
Issue Price
₹86 per share
Market Cap (Pre-IPO)
₹86.00 Cr
| IPO Date | 21 to 26 Mar, 2024 |
| Listed on | Mon, Apr 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 30,00,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 1,52,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 28,48,000 shares (agg. up to ₹24 Cr) |
| Net Offered to Public | 28,48,000 shares (agg. up to ₹24 Cr) |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
| NSE Symbol | VISHWAS |
| ISIN | INE0S2E01016 |
Vishwas Agri Seeds IPO comprises a total issue size of 30,00,000 shares. The net offer to the public is 28,48,000 shares, after excluding 1,52,000 shares allotted on a firm basis. Of the Net offer 14,24,000 (50.00%) allocated to NII 14,24,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 14,24,000 | 50.00% | 47.47% |
| Retail Shares Offered | 14,24,000 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,52,000 | 5.07% | |
| Total Shares Offered | 30,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,37,600 |
| Retail (Max) | 1 | 1,600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
Incorporated in 2013, Vishwas Agri Seeds Limited is in the business of processing and supplying seeds to farmers via the distribution network. The company sells its seeds under the brand name "Vishwas". Vishwas Agri Seeds Limited's product portfolio includes crop seeds for Groundnut, Soybean, Wheat, Cumin, Green Gram, Black Gram Research Hybrid seeds for Cotton, Castol, Pearl Millet, Maize, hybrid vegetable seeds Chilli, Tomato, Brinjal, Watermelon, Sweet Corn, cabbage, Onion, Coriander Seeds, Fenugreek, Mustard, Lucern, Carrot, etc
Vishwas Agri Seeds Limited's commercial operations of seed processing unit along with Warehouse & Cold storage facility is located in Bavla, District: Ahmedabad, Gujarat.
As of March 31, 2023, the company has produced seeds for more than 40 different field crops and vegetables.
Vishwas Agri Seeds Limited have a presence in Gujarat, Maharashtra, and Rajasthan. Vishwas has more than 75 varieties of Crops.
The company has 18 employees who look after the marketing & sales of the products.
Competitive Strengths:
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 80.72 | 53.52 | 33.63 | 20.96 |
| Total Income | 42.47 | 65.32 | 64.86 | 53.83 |
| Profit After Tax | 4.51 | 5.34 | 2.48 | 1.16 |
| NET Worth | 18.84 | 14.33 | 4.79 | 2.01 |
| Reserves and Surplus | 11.84 | 7.33 | 3.99 | 1.51 |
| Total Borrowing | 28.63 | 18.78 | 16.97 | 12.75 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure i). To Furnish the Corporate Office building | 4.00 |
| 2 | Capital expenditure ii). To purchase Equipments for setting up Seed Testing laboratory | 1.50 |
| 3 | Capital expenditure iii) To set-up Greenhouse (Fan-Pad System). | 1.50 |
| 4 | Capital expenditure iv) To install Roof Top Solar Monocrystalline Panels (129.6KW) | 0.60 |
| 5 | Additional Working Capital Requirement | 11.00 |
| 6 | General Corporate Purpose | 5.30 |
| KPI | Sep 30, 2023 |
|---|---|
| ROE | 27.20% |
| ROCE | 14.60% |
| RoNW | 23.94% |
| PAT Margin | 10.62% |
| Price to Book Value | 3.20 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 16.98 | |
| P/E (x) | 5.06 | |
| Promoter Holding | 100.00% | 70.00% |
| Market Cap | ₹86.00 Cr. |
The Vishwas Agri Seeds IPO is subscribed 12.21 times on March 26, 2024 7:30:00 PM (Day 3). The public issue subscribed 11.57 times in the retail category, [.] times in the QIB category, and 12.8 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 12.8 | 14,24,000 | 1,82,22,400 |
| Retail | 11.57 | 14,24,000 | 1,64,80,000 |
| Total | 12.21 | 28,48,000 | 3,47,64,800 |
Total Application : 10,300
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars, underwriters and other out of pocket expenses. | 0.40 |
| 2 | Brokerage and selling commission | 0.05 |
| 3 | Printing & Stationery, Distribution, Postage, etc.Advertisement and Marketing Expenses | 0.05 |
| 4 | Advertisement and Marketing Expenses | 0.10 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.05 |
| 6 | Underwriting Subscription etc. | 1.25 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹85.00 |
| Low | ₹80.75 |
| High | ₹85.70 |
| Last Trade | ₹83.60 |
Lead Manager Reports
Vishwas Agri Seeds IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Mar 21, 2024, and closes on Tue, Mar 26, 2024.
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 Vishwas Agri Seeds IPO using UPI as a payment gateway. Zerodha customers can apply in Vishwas Agri Seeds IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishwas Agri Seeds IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishwas Agri Seeds IPO opens on Thu, Mar 21, 2024 and closes on Tue, Mar 26, 2024.
Vishwas Agri Seeds IPO lot size is 1600, and the minimum amount required for application is ₹1,37,600.
You can apply in Vishwas Agri 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 Vishwas Agri Seeds IPO will be done on Wednesday, March 27, 2024, and the allotted shares will be credited to your demat account by Thu, Mar 28, 2024. Check the Vishwas Agri Seeds IPO allotment status.
The Vishwas Agri Seeds IPO listing date is on Mon, Apr 1, 2024.
