VISHWAS AGRI SEEDS LIMITED

21 Mar 2024 - 26 Mar 2024 Individual Category SME IPO NSE

Min Investment

₹137600

Price Band

₹86

Issue Size

30 lakhs
Equity Shares

Lot Size

1600

IPO Dates
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21 Mar 2024

Open Date

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26 Mar 2024

Close Date

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27 Mar 2024

Allotment Date

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01 Apr 2024

Listing Date

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.

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About Vishwas Agri Seeds Limited

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.

Founded

2013

Managing Director

Parent Organization

IPO Objectives

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. 

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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