16-Mar-2024
2 mins read
Vishwas Agri Seeds IPO is open for subscription starting from Tuesday, March 21, 2024, and will close on Thursday, March 26, 2024. The price of this upcoming IPO is decided at Rs 86 per share. The minimum lot size of this application for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum amount of investment required for retail category investors is Rs 1,37,600 (86 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,75,200 (86 x 3200 shares). Vishwas Agri Seeds IPO is a book-built issue of Rs 25.80 crores. This upcoming IPO issue is completely a fresh issue of 30 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Wednesday, March 27, 2024. Vishwas Agri Seeds IPO will be listed on NSE SME, and the listing date is fixed on Monday, April 1, 2024. The book-running lead manager of Vishwas Agri Seeds IPO is Isk Advisors Private Limited. The registrar for this IPO is Bigshare Services Private Limited. The market maker of this IPO is Sunflower Broking.
About Vishwas Agri Seeds Company Profile
Vishwas Agri Seeds Limited incorporated in 2013, engaged in the business of processing and supplying seeds to the farmers. Company has a strong distribution network which helps the company to supply seeds to the farmers. The product portfolio includes crop seeds for Groundnut, Wheat, Soybean, Cumin, Green Gram, Black gram Research Hybrid seeds for cotton, Pearl Millet, Maize, Hybrid vegetables seeds Chilli, Tomato, Brinjal, Mustard etc. Company is India’s premier farm input organisation, involved in marketing of seeds of field and vegetable crops. Company catters 46 crops and 151 products across Gujarat and Rajasthan through 600 authorised dealers and distributors. Vishwas Agri Seeds focused on R&D, constantly working on various applications and products to add value and improve volume, widen the product base and upgrade the current product and research facilities located in the diversity of climatic zones. Company had presence in Maharashtra, Gujarat and Rajasthan. They had 18 employees who look after marketing and sales of the product.
Objectives of Vishwas Agri Seeds IPO
The net amount received from the company will be used for capital expenditure like furnishing the corporate office building, to purchase equipment for setting up speed to testing laboratory, to set up a greenhouse and to install rooftop solar monocrystalline panels. Other than this, funds will be used to cover the working capital requirement and to fulfil the general corporate purposes.
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Financials of Vishwas Agri Seeds Limited (Amt in Rs Lakhs)
Vishwas Agri Seeds posted a revenue of Rs 4,247.49 lakhs and profit after tax of Rs 451.01 for the quarter ended on September 30, 2024. The company’s revenue increased by 0.72% and PAT increased by 115.43% between the FY ending on 31 March 2023, and 31 March 2022.
| Period Ended | 30-Sep-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 116.3 |
| 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 |
Other Important Details of Vishwas Agri Seeds IPO
| IPO Date | March 21, 2024 to March 26, 2024 |
| Listing Date | 1-Apr-24 |
| Face Value | Rs 10 per share |
| Price | Rs 86 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,000,000 shares amounting to Rs 25.80 crores |
| Fresh Issue | 3,000,000 shares amounting to Rs 25.80 crores |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 7,000,000 |
| Shareholding post issue | 10,000,000 |
| Market Maker portion | 152,000 shares |
Time-Table of Vishwas Agri Seeds IPO
| 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 | 5 PM on March 26, 2024 |
Lot Size of Vishwas Agri Seeds IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 1600 | Rs 137,600 |
| Retail - maximum | 1 | 1600 | Rs 137,600 |
| HNI - minimum | 2 | 3,200 | Rs 275,200 |
IPO Reservation of Vishwas Agri Seeds Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of Vishwas Agri Seeds Limited IPO
| KPI | Values |
| ROE | 27.20% |
| ROCE | 14.60% |
| RoNW | 23.94% |
| P/BV | 3.2 |
| PAT Margin | 10.62% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 2.5 | 4.91 |
| P/E | 28.02 | 14.26 |
Promoters of Vishwas Agri Seeds Limited and Their Holdings
The promoters of Vishwas Agri Seeds company are Mr.Ashokbhai Sibabhai Gajera, Mr. Bharatbhai Sibabhai Gajera, Mr.Dineshbhai Madhabhai Suvagiya & Others.
| Shareholding Pre Issue | 100 percent |
| Shareholding Post Issue | 70 percent |
Lead Manager(s) of Vishwas Agri Seeds IPO
The lead manager for Vishwas Agri Seeds IPO is Isk Advisors Private Limited.
How do you apply for the Vishwas Agri Seeds IPO?
Wait for the public issue to open for subscription, then click here to apply for the Vishwas Agri Seeds Limited IPO with Bigul.
How do you check the allotment status of Vishwas Agri Seeds IPO?
The registrar for Vishwas Agri Seeds IPO is Bigshare Services Private Limited. To check your allotment status, please click here.
FAQs
1. What is Vishwas Agri Seeds IPO?
Vishwas Agri Seeds IPO is a book-built issue of Rs 25.80 crores. This upcoming IPO issue is completely a fresh issue of 30 lakh equity shares. The offer for sale component is not available in this issue. The allotment for this new IPO is expected to be finalised on Wednesday, March 27, 2024.
2. Who are the lead managers for the Vishwas Agri Seeds Limited IPO?
Isk Advisors Private Limited is appointed as the lead manager for the IPO.
3. What is the role of Bigshare Services Private Limited in this IPO?
Bigshare Services Private Limited is the registrar for Vishwas Agri Seeds Limited, handling the IPO's administrative aspects.
4. How can I apply for the Vishwas Agri Seeds IPO?
The public subscription of this new IPO will open on March 21, 2024. Click here to initiate the application process.
5. How will the net proceeds from the IPO be utilised?
The net amount received from the company will be used for capital expenditure like furnishing the corporate office building, to purchase equipment for setting up speed to testing laboratory, to set up a greenhouse and to install rooftop solar monocrystalline panels.
6. How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Vishwas Agri Seeds Limited IPO 2024 by visiting here.
7. What is the financial performance of Vishwas Agri Seeds Limited?
Vishwas Agri Seeds posted a revenue of Rs 4,247.49 lakhs and profit after tax of Rs 451.01 for the quarter ended on September 30, 2024. The company’s revenue increased by 0.72% and PAT increased by 115.43% between the FY ending on 31 March 2023, and 31 March 2022.
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