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 name | Vishwas Agri Seeds Limited |
| Sector | Agriculture |
| Industry | Agriculture |
| Company Website | https://www.vishwasagriseeds.com/ |
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 date | 21 March 2024 |
| IPO Closing | 26 March 2024 |
| Basis of Allotment | 27 March 2024 |
| Initiation Refund | 28 March 2024 |
| Credit to Demat Account | 28 March 2024 |
| Listing Date | 01 April 2024 |
Vishwas Agri Seeds IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹25.80 Cr – 3,000,000 shares |
| Fresh Issue | ₹25.80 Cr – 3,000,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹86 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 152,000 shares |
| Shareholding pre-issue | 7,000,000 |
| Shareholding post-issue | 10,000,000 |
| Listing Exchange | NSE SME |
Vishwas Agri Seeds IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
Vishwas Agri Seeds IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Vishwas Agri Seeds Financial Performance
| FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 | |
| Revenue | 53.82 | 64.86 | 65.31 | 42.46 |
| Expenses | 52.22 | 61.54 | 58.18 | 36.43 |
| Net income | 1.16 | 2.48 | 5.34 | 4.51 |
Vishwas Agri Seeds Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 4.65 | 9.49 | 16.98 |
| PE ratio | – | – | 5.06 |
| RONW (%) | 57.91 | 51.79 | 37.28 |
| NAV | 40.16 | 59.84 | 20.47 |
| ROCE (%) | 15.23 | 19.99 | 23.84 |
| EBITDA (%) | 4.07 | 6.78 | 12.11 |
| Debt/Equity | – | – | – |
Company Promoters
- Mr.Ashokbhai Sibabhai Gajera
- Mr. Bharatbhai Sibabhai Gajera
- Mr.Dineshbhai Madhabhai Suvagiya & Others
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 70% |
Vishwas Agri Seeds IPO Lead Manager(s)
ISK ADVISORS PRIVATE LIMITED
501, A. N. Chambers, 130,
Turner Road, Bandra West, Mumbai-400 050
Phone: +91 – 22 – 26431002
Email: ncmpl@ncmpl.com
Website: www.iskadvisors.com
Vishwas Agri Seeds Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Vishwas Agri Seeds Contact Details
VISHWAS AGRI SEEDS LIMITED
Near Toll Tax, S. No. 460, Gangad Road, Bhayla,
Bhayla, Ahmedabad, Bavla, Gujarat, India. – 382220
Phone: +91 6535709174
E-mail: cs@vishwasagriseeds.com
Website: www.vishwasagriseeds.com
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
