IPO Issue Details
Issue Price / Price Band₹26 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size4,000 Shares per Lot
Total Issue Size45,76,000 shares (aggregating up to ₹11.90 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 07 Jun 2018
Subscription CloseTue, 12 Jun 2018
Anchor AllotmentWed, 06 Jun 2018
Basis of AllotmentFri, 15 Jun 2018
Initiation of RefundsMon, 18 Jun 2018
Credit of Shares to DematTue, 19 Jun 2018
Listing DateWed, 20 Jun 2018
UPI Mandate Deadline2018-06-12
Application & Investment Details
Retail — Min (1 Lots)₹1,04,000 — 4,000 shares
Retail — Max (13 Lots)₹1,352,000 (13 Lots)
HNI — Min (2 Lots)₹2,08,000 — 8,000 shares
Net Offer to Public43,44,000 shares (aggregating up to ₹11.29 Cr)
Reserved for Market Maker2,32,000 shares (aggregating up to ₹0.6032 Cr)
Pre-IPO Promoter Holding1,06,69,000 shares
Post-IPO Promoter Holding1,52,45,000 shares
About ShreeOswal Seeds & Chemicals Ltd.
Incorporated in 2002, Madhya Pradesh based ShreeOswal Seeds and Chemicals Limited is an ISO 22000:2005 certified company engaged in the business of production, processing, and sale of different kind of agricultural seeds like wheat,maize,soybean,mustard,etc.The Company processes various kinds of seeds at its processing unit located at Neemuch, Madhya Pradesh. It processes 5 varieties of wheat seeds, 5 varieties of soya bean seeds, 3 varieties of Mustard seeds, 1 variety of black gram, 1 variety of corn seeds and 1 Variety of isabgol/psyllium. The products are marketed under the brand name of OSWAL. The majority of the sales are through its own Brand which contributed 66.00 %, 85.32 %, and 95.25 % respectively to the total sales for the financial year ended March 31, 2015, 2016, and 2017 respectively.ShreeOswal has a diversified customer base covering states like Bihar, Jharkhand, Maharashtra, Madhya Pradesh, Rajasthan, Uttar Pradesh, Delhi, and Punjab. The Company operates through a network of distributors and dealers and has an association with more than 114 dealers and distributors.Strengths of the Company-1. A diverse portfolio of seeds products2. Wide distribution network across many states3. Established brand name of OSWAL Investor PresentationView Issue detail in brief:
Objects of the Issue
ShreeOswal Seeds & Chemicals Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Purchase of New Plant & Machinery
1.63
2
2 Funding the working capital requirements of the Company
6.25
3
3 General corporate purposes*
2.52
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,06,69,000 shares
Post-IPO Promoter Holding
1,52,45,000 shares