What you must know about Vishwas Agri Seeds IPO?
by 5paisa Research Team
15 Mar 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 01-Apr-24
- IPO Price Range ₹ 86
- Listing Price ₹ 85
- Listing Change -1.2%
- Last Traded Price ₹ 60.5
- Current Change -29.7%
Vishwas Agri Seeds IPO Details
- Open Date 21-Mar-24
- Close Date 26-Mar-24
- Lot Size 1600
- IPO Size ₹ 25.80 Cr
- IPO Price Range ₹ 86
- Min Investment ₹ 1,37,600
- Listing Exchange NSE SME
- Basis of Allotment 27-Mar-24
- Refunds 28-Mar-24
- Credit to Demat Account 28-Mar-24
- Listing Date 01-Apr-24
Vishwas Agri Seeds IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 21-Mar-24 | - | 0.48 | 1.40 | 0.94 |
| 22-Mar-24 | - | 0.74 | 2.77 | 1.76 |
| 26-Mar-24 | - | 12.80 | 11.56 | 12.20 |
Vishwas Agri Seeds IPO Synopsis
Vishwas Agri Seeds Limited IPO is all set to open from 21st March to 26th March 2024. The company operates in the seed processing business. The IPO includes a fresh issue of 3,000,000 shares worth ₹25.80 cr. The share allotment date is 27th March 2024, and the IPO will be listed on 1st April 2024 on the stock exchanges. The price band is ₹86 and the lot size is 1600 shares.
ISK Advisors Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar.
Objectives of Vishwas Agri Seeds IPO:
Vishwas Agri Seeds Limited plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure requirements to undertake furnishing the corporate office building, purchase equipment to build a seed testing lab, set up a greenhouse and install rooftop solar monocrystalline panels.
● For working capital requirements.
● General corporate purposes.
About Vishwas Agri Seeds
Established in 2009, Vishwas Agri Seeds Limited operates in the seed processing business and is based out of Rajkot, Gujarat. The company sells its product via distributors to farmers under the brand name "Vishwas".
Vishwas Agri Seeds produced seeds of 40+ field crops and has sold them in Gujarat, Rajasthan, and Maharashtra as of March 2023. The company’s portfolio includes crop seeds such as 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.
Peer Comparison
● Bombay Super Hybrid Seeds Limited
● Kaveri Seed Company Limited
● Upsurge Seeds of Agriculture Limited
For More Information:
Webstory on Vishwas Agri Seeds IPO
Vishwas Agri Seeds Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 65.30 | 64.85 | 53.82 |
| EBITDA | 7.90 | 4.39 | 2.19 |
| PAT | 5.34 | 2.47 | 1.16 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 53.51 | 33.62 | 20.95 |
| Share Capital | 7.00 | 0.80 | 0.50 |
| Total Borrowings | 39.19 | 28.84 | 18.94 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 6.09 | 0.78 | 0.19 |
| Net cash from / (used in) investing activities | -10.75 | -4.15 | -0.26 |
| Net cash flow from / (used in) financing activities | 4.79 | 3.38 | 0.085 |
| Net increase (decrease) in cash and cash equivalents | 0.14 | 0.015 | 0.014 |
Vishwas Agri Seeds IPO Key Points
-
Strengths
1. It has a vast and diversified product portfolio.
2. The company has an integrated Seed processing unit with cold storage and a warehouse facility in one premise.
3. The company focuses on high-quality seeds.
4. The company’s management team is well-experienced.
-
Risks
1. High working capital requirements.
2. The business is seasonal and Weather conditions, crop diseases and pest attacks can impact the business.
3. The company is dependent on revenues from Groundnut seeds & Cumin seeds.
4. It has reported negative cash flows in the past.
5. The company faces high competition.
6. It has also reported negative PAT in the past.
Vishwas Agri Seeds
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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Vishwas Agri Seeds IPO FAQs
When does the Vishwas Agri Seeds IPO opens and closes?
Vishwas Agri Seeds IPO opens from 21st March to 26th March 2024.
What is the size of the Vishwas Agri Seeds IPO?
The size of Vishwas Agri Seeds IPO is ₹25.80 cr.
How to apply for the Vishwas Agri Seeds IPO?
To apply for Vishwas Agri Seeds IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Vishwas Agri Seeds IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
What is the price band of Vishwas Agri Seeds IPO?
The price band of Vishwas Agri Seeds IPO is fixed at ₹86 per share.
What is the minimum lot size and investment required for the Vishwas Agri Seeds IPO?
The minimum lot size of Vishwas Agri Seeds IPO is 1600 shares and the investment required is ₹1,37,600.
What is the allotment date of the Vishwas Agri Seeds IPO?
The share allotment date of Vishwas Agri Seeds IPO is 27th March 2024.
What is the Vishwas Agri Seeds IPO listing date?
The Vishwas Agri Seeds IPO will be listed on 1st April 2024.
Who are the book runners for the Vishwas Agri Seeds IPO?
ISK Advisors Private Limited is the book-running lead manager for Vishwas Agri Seeds IPO.
What is the objective of the Vishwas Agri Seeds IPO?
Vishwas Agri Seeds Limited plans to utilize the raised capital from the IPO to:
1. To fund the capital expenditure requirements to undertake furnishing the corporate office building, purchase equipment to build a seed testing lab, set up a greenhouse and install rooftop solar monocrystalline panels.
2. For working capital requirements.
3. General corporate purposes.
Contact Details of Vishwas Agri Seeds IPO
Contact Information
Vishwas Agri Seeds Limited
Near Toll Tax,
S. No. 460, Gangad Road, Bhayla
Ahmedabad, Bavla, Gujarat, India. - 382220
Phone: +91 6535709174
Email: cs@vishwasagriseeds.com
Website: http://www.vishwasagriseeds.com/
Vishwas Agri Seeds IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Vishwas Agri Seeds IPO Lead Manager
Isk Advisors Pvt Ltd
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