Vishwas Agri Seeds IPO is a fixed price issue of Rs 25.80 crores. The issue is entirely a fresh issue of 30 lakh shares.
Vishwas Agri Seeds IPO opens for subscription on March 21, 2024 and closes on March 26, 2024. 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 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.
Refer to Vishwas Agri Seeds IPO RHP for detailed information.
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 | 3,000,000 shares (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 Sunflower Broking |
Vishwas Agri Seeds IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Vishwas Agri Seeds IPO Timeline (Tentative Schedule)
Vishwas Agri Seeds IPO opens on March 21, 2024, and closes on March 26, 2024.
| 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 Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
| Lot Size Calculator | |||
Vishwas Agri Seeds IPO Promoter Holding
Mr.Ashokbhai Sibabhai Gajera, Mr. Bharatbhai Sibabhai Gajera, Mr.Dineshbhai Madhabhai Suvagiya & Others are the company promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.00% |
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 Limited Financial Information (Restated Standalone)
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 |
| 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 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Vishwas Agri Seeds IPO is Rs 86 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 27.20% |
| ROCE | 14.60% |
| RoNW | 23.94% |
| P/BV | 3.2 |
| PAT Margin (%) | 10.62 |
Check Vishwas Agri Seeds IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 16.98 | |
| P/E (x) | 5.06 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2023 that is available in RHP.
Objects of the Issue (Vishwas Agri Seeds IPO Objectives)
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
Vishwas Agri Seeds Limited Contact Details
Vishwas Agri Seeds Limited
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/
Vishwas Agri Seeds IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html