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Vishwas Agri Seeds Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed NSE SME SME Live Chart
Issue Price
₹86
Per Share
GMP
NIL
Grey Market
Est. Listing
₹86
Expected Price
Min. Application
₹275,200
2 lots × 1600 shares
IPO Issue Details
Issue Price / Price Band₹86 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size30,00,000 shares (aggregating up to ₹25.80 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenThu, 21 Mar 2024
Subscription CloseTue, 26 Mar 2024
Anchor AllotmentWed, 20 Mar 2024
Basis of AllotmentWed, 27 Mar 2024
Initiation of RefundsThu, 28 Mar 2024
Credit of Shares to DematThu, 28 Mar 2024
Listing DateMon, 01 Apr 2024
UPI Mandate Deadline2024-03-26
Application & Investment Details
Retail — Min (1 Lots)₹1,37,600 — 1,600 shares
Retail — Max (13 Lots)₹1,788,800 (13 Lots)
HNI — Min (2 Lots)₹2,75,200 — 3,200 shares
EPS (Pre-IPO)₹16.98
P/E Ratio (Pre-IPO)5.06x
Net Offer to Public28,48,000 shares (aggregating up to ₹24.49 Cr)
Reserved for Market Maker1,52,000 shares (aggregating up to ₹1.31 Cr)
Pre-IPO Promoter Holding70,00,000 shares
Post-IPO Promoter Holding1,00,00,000 shares
About Vishwas Agri Seeds Ltd

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, etcVishwas 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.

Objects of the Issue

Vishwas Agri Seeds Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
(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)
2
(b) Additional Working Capital Requirement
3
(c) General Corporate Purpose
Shareholding & Lock-in
Pre-IPO Promoter Holding 70,00,000 shares
Post-IPO Promoter Holding 1,00,00,000 shares
Check AllotmentCheck Status →
Vishwas Agri Seeds Ltd — Live Price LIVE
₹86.00
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Issue ₹86.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹86
GMPNIL
Est. Listing₹86
Lot Size1,600 shares
Min Amount₹275,200
Listing Date01 Apr 2024
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹86
Listing Date01 Apr 2024
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
Market Maker 152,000 ₹1.31 Cr
TOTAL 3,000,000 100.00% ₹25.80 Cr
* Based on ₹86.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,600
Shares
Issue Price
₹86.00
Per Share
Min Investment
₹137,600
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,600 ₹137,600
Retail (Max) 13 20,800 ₹1,788,800
sNII (Min) 14 22,400 ₹1,926,400
bNII (Min) 68 108,800 ₹9,356,800
Company Financials — Restated Consolidated (Amount in ₹ Lakhs)
Particulars30 Sep 202331 Mar 202331 Mar 2022
Revenue from Operations 4247.49 6532.18 6485.80
EBITDA N/A N/A N/A
Profit After Tax (PAT) 451.01 534.14 247.94
Net Worth 1883.90 1432.89 478.75
Total Assets 8071.95 5351.89 3362.93
Reserves & Surplus 1183.90 732.89 398.75
Total Borrowings 2862.87 1877.88 1697.17
Key Ratios & Valuation
Issue Price ₹86
Face Value ₹10 Per Share
P/BV 3.20
RoE 27.20%
RoCE 14.60%
RoNW 23.94%
PAT Margin (%) 10.62%
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Vishwas Agri Seeds Ltd
Exchange
NSE SME
IPO Type
SME IPO
Issue Type
Fixed Price IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Near Toll Tax, S. No. 460, Gangad Road, Bhayla Ahmedabad, Bavla Ahmedabad, Gujarat, 382220
Book Running Lead Managers
ISK Advisors Pvt.Ltd
Book Running Lead Manager (BRLM)