Vishwas Agri Seeds IPO is a fixed price issue of Rs 25.80 crores.The allotment for the Vishwas Agri Seeds IPO is expected to be finalized on Wednesday, March 27, 2024. Vishwas Agri Seeds IPO will list on NSE SME with tentative listing date fixed as Monday, April 1, 2024.
Vishwas Agri Seeds IPO bidding opened for subscription on March 21, 2024 and will close on March 26, 2024.The issue is entirely a fresh issue of 30 lakh shares.
Vishwas Agri Seeds IPO price is ₹86 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹137,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹275,200.
Isk Advisors Pvt Ltd is the book running lead manager of the Vishwas Agri Seeds IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Vishwas Agri Seeds IPO is Sunflower Broking.
About Vishwas Agri Seeds Limited
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:
- Integrated Seed processing unit with cold storage and warehouse facility in one premise.
- Wide range of products backed by consistent quality.
- Experienced Promoter supported by dedicated Management team.
[
Vishwas Agri Seeds IPO Details
| IPO Date | March 21, 2024 to March 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹86 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,000,000 shares (aggregating up to ₹25.80 Cr) |
| Fresh Issue | Fresh Issue(aggregating up to ₹25.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,000,000 |
| Share holding post issue | 10,000,000 |
| Market Maker portion | 152,000 shares |
Vishwas Agri Seeds IPO Timeline (Tentative Schedule)
| IPO Open Date | Thursday, March 21, 2024 |
| IPO Close Date | Tuesday, March 26, 2024 |
| Basis of Allotment | Wednesday, March 27, 2024 |
| Initiation of Refunds | Thursday, March 28, 2024 |
| Credit of Shares to Demat | Thursday, March 28, 2024 |
| Listing Date | Monday, April 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 26, 2024 |
Vishwas Agri Seeds IPO Reservation
| Investor Category | Shares Offered |
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 152,000 (5.07%) |
| Other Shares Offered | 1,424,000 (47.47%) |
| Retail Shares Offered | 1,424,000 (47.47%) |
| Total Shares Offered | 3,000,000 (100%) |
Vishwas Agri Seeds IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
Vishwas Agri Seeds IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.00% |
Vishwas Agri Seeds Limited Financial Information (Restated Standalone)
| 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 |
| Revenue | 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 |
Key Performance Indicator
| KPI | Values |
| ROE | 27.20% |
| ROCE | 14.60% |
| RoNW | 23.94% |
| P/BV | 3.2 |
| PAT Margin (%) | 10.62 |
KPI as of September 30, 2023.
Vishwas Agri Seeds Limited Contact Details
Near Toll Tax,
S. No. 460, Gangad Road, Bhayla
Ahmedabad, Bavla, Gujarat, India. – 382220
Phone: +91 6535709174
Email: cs@vishwasagriseeds.com
Website: http://www.vishwasagriseeds.com/ Read More:- Enfuse Solutions Limited IPO of 23.38 lakh shares(Enfuse Solutions IPO) Detail
