Vishwas Agri Seeds IPO

Vishwas Agri Seeds IPO will open for subscription from 21 March 2024. The company aims for an issue size of ₹25.80 Cr through this IPO.

Company Overview

Full nameVishwas Agri Seeds Limited
Company Website

About Company

Established in 2013, Vishwas Agri Seeds operates in the seed processing and distribution sector, providing farmers with high-quality seeds through an extensive distribution network. Marketed under the brand name ‘Vishwas’, the company’s product range encompasses various crop seeds, including Groundnut, Soybean, Wheat, Cumin, Green Gram, and Black Gram, as well as Research Hybrid seeds for Cotton, Castol, Pearl Millet, and Maize. Additionally, Vishwas Agri Seeds offers hybrid vegetable seeds such as Chilli, Tomato, Brinjal, Watermelon, Sweet Corn, Cabbage, Onion, Coriander Seeds, Fenugreek, Mustard, Lucern, and Carrot.

As of 31 March 2023, Vishwas Agri has produced seeds for over 40 field crops and vegetables. Its products are distributed across Gujarat, Maharashtra, and Rajasthan through its sales and distribution network. Vishwas offers more than 75 varieties of crops.

In July 2023, the company commenced commercial operations of its seed processing unit and a warehouse and cold storage facility in Bavla, Ahmedabad, Gujarat. This unit is equipped with warehousing capable of storing 4200 metric tons (MT) of stock and a cold storage facility capable of storing 3000 MT of stock.

The Objectives of the Issue

  • Capital Expenditure to
  • i). To Furnish the Corporate Office building
  • ii). To purchase Equipment for setting up the Seed Testing Laboratory
  • iii). To set up a Greenhouse (Fan-Pad System)
  • iv). To install Roof Top Solar Monocrystalline Panels (129.6KW)
  • (Additional Working Capital Requirement
  • General Corporate Purpose

Vishwas Agri Seeds IPO Timetable

IPO Opening date21 March 2024
IPO Closing26 March 2024
Basis of Allotment27 March 2024
Initiation Refund28 March 2024
Credit to Demat Account28 March 2024
Listing Date01 April 2024
(Cut-off time for UPI mandate confirmation – )

Vishwas Agri Seeds IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹25.80 Cr – 3,000,000 shares
Fresh Issue₹25.80 Cr – 3,000,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹86 per share
Lot size1600 Shares
Market Maker portion152,000 shares
Shareholding pre-issue7,000,000
Shareholding post-issue10,000,000
Listing ExchangeNSE SME

Vishwas Agri Seeds IPO Lot Size

Retail (Min)11600₹137,600
Retail (Max)11600₹137,600
HNI (Min)23,200₹275,200

Vishwas Agri Seeds IPO Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Vishwas Agri Seeds Financial Performance

 FY 2021FY 2022FY 2023H1 FY 2024
Net income1.162.485.344.51
(Amount in ₹ Crores)

Vishwas Agri Seeds Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio5.06
RONW (%)57.9151.7937.28
ROCE (%)15.2319.9923.84
EBITDA (%)4.076.7812.11

Company Promoters

  • Mr.Ashokbhai Sibabhai Gajera
  • Mr. Bharatbhai Sibabhai Gajera
  • Mr.Dineshbhai Madhabhai Suvagiya & Others

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding70%

Vishwas Agri Seeds IPO Lead Manager(s)

501, A. N. Chambers, 130,
Turner Road, Bandra West, Mumbai-400 050
Phone: +91 – 22 – 26431002

Vishwas Agri Seeds Registrar

S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200

Vishwas Agri Seeds Contact Details

Near Toll Tax, S. No. 460, Gangad Road, Bhayla,
Bhayla, Ahmedabad, Bavla, Gujarat, India. – 382220
Phone: +91 6535709174

Vishwas Agri Seeds IPO Allotment Status

Vishwas Agri Seeds IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.

Final thoughts

Vishwas Agri Seeds IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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