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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 ₹86.00 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). The minimum lot size investment for 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 Date | March 21, 2024 to March 26, 2024 |
| Listing Date | April 1, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹86 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 30,00,000 shares (aggregating up to ₹25.80 Cr) |
| Reserved for Market Maker | 1,52,000 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹1.31 Cr) |
| Net Offered to Public | 28,48,000 shares (aggregating up to ₹24.49 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 70,00,000 shares |
| Share Holding Post Issue | 1,00,00,000 shares |
Vishwas Agri Seeds IPO offers total 30,00,000 shares. Out of which 14,24,000 (47.47%) allocated to NII, 14,24,000 (47.47%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,52,000 (5.07%) |
| NII (HNI) Shares Offered | 14,24,000 (47.47%) |
| Retail Shares Offered | 14,24,000 (47.47%) |
| Total Shares Offered | 30,00,000 (100.00%) |
Vishwas Agri Seeds IPO opens on March 21, 2024, and closes on March 26, 2024.
| IPO Open Date | Thu, Mar 21, 2024 |
| IPO Close Date | Tue, Mar 26, 2024 |
| Tentative Allotment | Wed, Mar 27, 2024 |
| Initiation of Refunds | Thu, Mar 28, 2024 |
| Credit of Shares to Demat | Thu, Mar 28, 2024 |
| Tentative Listing Date | Mon, Apr 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 26, 2024 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,37,600 |
| Retail (Max) | 1 | 1,600 | ₹1,37,600 |
| HNI (Min) | 2 | 3,200 | ₹2,75,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
Vishwas Agri Seeds Limited's revenue increased by 0.72% and profit after tax (PAT) rose by 115.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,071.95 | 5,351.89 | 3,362.93 | 2,095.59 |
| Total Income | 4,247.49 | 6,532.18 | 6,485.80 | 5,382.66 |
| Profit After Tax | 451.01 | 534.14 | 247.94 | 116.30 |
| Net Worth | 1,883.90 | 1,432.89 | 478.75 | 200.81 |
| Reserves and Surplus | 1,183.90 | 732.89 | 398.75 | 150.81 |
| Total Borrowing | 2,862.87 | 1,877.88 | 1,697.17 | 1,275.08 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Vishwas Agri Seeds IPO is ₹86.00 Cr.
KPI as of Sat, Sep 30, 2023.
| KPI | Values |
|---|---|
| ROE | 27.20% |
| ROCE | 14.60% |
| RoNW | 23.94% |
| PAT Margin | 10.62% |
| Price to Book Value | 3.20 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 16.98 | |
| P/E (x) | 5.06 |
The Objects of the Net Issue is to raise funds for:
(a) Capital Expenditure to
i). To Furnish the Corporate Office building
ii). To purchase Equipments for setting up Seed Testing laboratory
iii). To set-up Greenhouse (Fan-Pad System)
iv). To install Roof Top Solar Monocrystalline Panels (129.6KW)
(b) Additional Working Capital Requirement
(c) General Corporate Purpose
[Dilip Davda] The company is engaged in processing and supplying of quality seeds that gives better yields. Its completed expansion and proposed infra facilities will uplift its top and bottom lines. Based on FY24 annualized earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | April 1, 2024 |
| BSE Script Code | |
| NSE Symbol | VISHWAS |
| ISIN | INE0S2E01016 |
| Final Issue Price | ₹86 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹86.00 |
| Open | ₹85.00 |
| Low | ₹80.75 |
| High | ₹85.70 |
| Last Trade | ₹83.60 |
Vishwas Agri Seeds Ltd.
Near Toll Tax,
S. No. 460, Gangad Road, Bhayla
Ahmedabad, Bavla
Ahmedabad, Gujarat, 382220
Phone: +91 6535709174
Email: cs@vishwasagriseeds.com
Website: http://www.vishwasagriseeds.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Vishwas Agri Seeds IPO is a SME IPO of 30,00,000 equity shares of the face value of ₹10 aggregating up to ₹25.80 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600.
The IPO opens on March 21, 2024, and closes on March 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 March 21, 2024 and closes on March 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 Thursday, March 28, 2024. Check the Vishwas Agri Seeds IPO allotment status.
The Vishwas Agri Seeds IPO listing date is on Monday, April 1, 2024.
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