Vishwas Agri Seeds Limited IPO

Price
₹80
Lot
10
Subs.
12.21
Expected Listing Earning

Exp. Premium(GMP):
N/A(N/A%)
IPO Details

Open Date: 21-Mar-2024
Close Date: 26-Mar-2024
Allotment Date: 27-Mar-0202
Listing Date: 01-Apr-2024
Listing Price: N/A
Face Value: ₹10 Per Equity Share
Issue Price: ₹80 Per Equity Share
Issue Size: 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)
Market Lot (Min Amount): Retail - ₹137,600 : HNI - ₹275,200
Subscription Details Updated at End of the Day

As on

Others

Rll

Total

Shares Offered/Reserved1,424,0001,424,0002,848,000
Day 1 - 21-03-24 
05:00 PM
0.49x1.41x0.95x
Day 2 - 22-03-24 
05:00 PM
0.74x2.77x1.76x
Day 3 - 26-03-24 
05:00 PM
12.80x11.57x12.21x
Total No. of Application:10,300 (Approx.)
Retail Subscription on the basis of Apps:11.57x
Valuations

Earning Per Share(EPS)16.98/-
P/E Ratio5.06
RoNW23.94%
Net Asset Value (NAV) - Post Issue:20.47/-
Company Financials (in Crore)

 Total AssetsTotal RevenueProfit After Tax
31 Mar,20238,071.954,247.49451.01
31 Mar,20235,351.896,532.18534.14
31 Mar,20223,362.936,485.80247.94
31 Mar,20212,095.595,382.66116.30
Promoter(s)

Pre Issue Share Holding100%
Post Issue Share Holding70.00%
Company Promoter(s)
1. Mr.Ashokbhai Sibabhai Gajera
2. Mr. Bharatbhai Sibabhai Gajera
3. Mr.Dineshbhai Madhabhai Suvagiya & Others
Issue Objective(s)

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

About Company

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:

  1. Integrated Seed processing unit with cold storage and warehouse facility in one premise.
  2. Wide range of products backed by consistent quality.
  3. Experienced Promoter supported by dedicated Management team.
Disclaimer

No financial information whatsoever published anywhere, within this application, should be considered as an advise to buy or sell securities or invest in IPOs, or as guide to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. 

Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.

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Thank you.