Vishwas Agri Seeds IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Mar 21 to Mar 26 2024
Price Band
₹86
Current GMP
₹85 (-1.16%)
Subscription
12.20 times
IPO Details
| IPO Date | March 21, 2024 to March 26, 2024 |
| Listing Date | Monday, April 1, 2024 |
| Face Value | ₹10 per share |
| Price | ₹86 per share |
| Lot Size | 1600 Shares |
| 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) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,000,000 |
| Share holding post issue | 10,000,000 |
| Market Maker portion | 152,000 shares Sunflower Broking |
IPO Date
March 21, 2024 to March 26, 2024
Listing Date
Monday, April 1, 2024
Face Value
₹10 per share
Price
₹86 per share
Lot Size
1600 Shares
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)
Issue Type
Fixed Price Issue IPO
Listing At
NSE SME
Share holding pre issue
7,000,000
Share holding post issue
10,000,000
Market Maker portion
152,000 shares Sunflower Broking
IPO Subscription Details
| Market Maker | 1 |
| Non-Institutional Buyers* | 12.80 |
| Retail Investors | 11.56 |
| Total ** | 12.20 |
Market Maker
1
Non-Institutional Buyers*
12.80
Retail Investors
11.56
Total **
12.20
Day Wise Sub
| Day | NII* | Retail | Total |
|---|---|---|---|
| Day 1 Mar 21, 2024 | 0.49 | 1.41 | 0.95 |
| Day 2 Mar 22, 2024 | 0.74 | 2.77 | 1.76 |
| Day 3 Mar 26, 2024 | 12.80 | 11.56 | 12.20 |
DayDay 1
Mar 21, 2024
NII*0.49
Retail1.41
Total0.95
DayDay 2
Mar 22, 2024
NII*0.74
Retail2.77
Total1.76
DayDay 3
Mar 26, 2024
NII*12.80
Retail11.56
Total12.20
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 01-04-2024 | 86.00 | 9 (10.47%) | 95 |
| 31-03-2024 | 86.00 | 9 (10.47%) | 95 |
| 30-03-2024 | 86.00 | 9 (10.47%) | 95 |
| 29-03-2024 | 86.00 | 9 (10.47%) | 95 |
| 28-03-2024 | 86.00 | 9 (10.47%) | 95 |
| 27-03-2024 | 86.00 | 9 (10.47%) | 95 |
| 26-03-2024 | 86.00 | 3 (3.49%) | 89 |
| 25-03-2024 | 86.00 | 5 (5.81%) | 91 |
| 24-03-2024 | 86.00 | 5 (5.81%) | 91 |
| 23-03-2024 | 86.00 | 5 (5.81%) | 91 |
| 22-03-2024 | 86.00 | 5 (5.81%) | 91 |
| 21-03-2024 | 86.00 | 0 (0%) | 86 |
| 20-03-2024 | 86.00 | 0 (0%) | 86 |
| 19-03-2024 | 86.00 | 0 (0%) | 86 |
| 18-03-2024 | 86.00 | 0 (0%) | 86 |
| 17-03-2024 | 86.00 | 0 (0%) | 86 |
| 16-03-2024 | 86.00 | 0 (0%) | 86 |
| 15-03-2024 | 86.00 | 0 (0%) | 86 |
Date01-04-2024
Price86.00
GMP9 (10.47%)
Estimate List Price95
Date31-03-2024
Price86.00
GMP9 (10.47%)
Estimate List Price95
Date30-03-2024
Price86.00
GMP9 (10.47%)
Estimate List Price95
Date29-03-2024
Price86.00
GMP9 (10.47%)
Estimate List Price95
Date28-03-2024
Price86.00
GMP9 (10.47%)
Estimate List Price95
Date27-03-2024
Price86.00
GMP9 (10.47%)
Estimate List Price95
Date26-03-2024
Price86.00
GMP3 (3.49%)
Estimate List Price89
Date25-03-2024
Price86.00
GMP5 (5.81%)
Estimate List Price91
Date24-03-2024
Price86.00
GMP5 (5.81%)
Estimate List Price91
Date23-03-2024
Price86.00
GMP5 (5.81%)
Estimate List Price91
Date22-03-2024
Price86.00
GMP5 (5.81%)
Estimate List Price91
Date21-03-2024
Price86.00
GMP0 (0%)
Estimate List Price86
Date20-03-2024
Price86.00
GMP0 (0%)
Estimate List Price86
Date19-03-2024
Price86.00
GMP0 (0%)
Estimate List Price86
Date18-03-2024
Price86.00
GMP0 (0%)
Estimate List Price86
Date17-03-2024
Price86.00
GMP0 (0%)
Estimate List Price86
Date16-03-2024
Price86.00
GMP0 (0%)
Estimate List Price86
Date15-03-2024
Price86.00
GMP0 (0%)
Estimate List Price86
IPO Important Dates
| IPO Open Date | Thursday, March 21, 2024 |
| IPO Close Date | Tuesday, March 26, 2024 |
| Basis of Allotment | Wednesday, March 27, 2024 |
| Initiation of Refunds | Thursday, March 28, 2024 |
| Credit of Shares to Demat | Thursday, March 28, 2024 |
| Listing Date | Monday, April 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 26, 2024 |
IPO Open Date
Thursday, March 21, 2024
IPO Close Date
Tuesday, March 26, 2024
Basis of Allotment
Wednesday, March 27, 2024
Initiation of Refunds
Thursday, March 28, 2024
Credit of Shares to Demat
Thursday, March 28, 2024
Listing Date
Monday, April 1, 2024
Cut-off time for UPI mandate confirmation
5 PM on March 26, 2024
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 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹137,600
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹137,600
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹275,200
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 8,071.95 | 5,351.89 | 3,362.93 |
| Revenue | 4,247.49 | 6,532.18 | 6,485.80 |
| Profit After Tax | 451.01 | 534.14 | 247.94 |
| Net Worth | 1,883.90 | 1,432.89 | 478.75 |
| Reserves and Surplus | 1,183.90 | 732.89 | 398.75 |
| Total Borrowing | 2,862.87 | 1,877.88 | 1,697.17 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 20238,071.95
31 Mar 20235,351.89
31 Mar 20223,362.93
Period EndedRevenue
30 Sep 20234,247.49
31 Mar 20236,532.18
31 Mar 20226,485.80
Period EndedProfit After Tax
30 Sep 2023451.01
31 Mar 2023534.14
31 Mar 2022247.94
Period EndedNet Worth
30 Sep 20231,883.90
31 Mar 20231,432.89
31 Mar 2022478.75
Period EndedReserves and Surplus
30 Sep 20231,183.90
31 Mar 2023732.89
31 Mar 2022398.75
Period EndedTotal Borrowing
30 Sep 20232,862.87
31 Mar 20231,877.88
31 Mar 20221,697.17
Key Performance Indicator
| ROE | 27.20% |
| ROCE | 14.60% |
| RoNW | 23.94% |
| P/BV | 3.2 |
| PAT Margin (%) | 10.62 |
| EPS (Rs) | 16.98 |
ROE
27.20%
ROCE
14.60%
RoNW
23.94%
P/BV
3.2
PAT Margin (%)
10.62
EPS (Rs)
16.98
IPO Reservation
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 152,000 (5.07%) |
| Other Shares Offered | 1,424,000 (47.47%) |
| Retail Shares Offered | 1,424,000 (47.47%) |
| Total Shares Offered | 3,000,000 (100%) |
Anchor Investor Shares Offered
-
Market Maker Shares Offered
152,000 (5.07%)
Other Shares Offered
1,424,000 (47.47%)
Retail Shares Offered
1,424,000 (47.47%)
Total Shares Offered
3,000,000 (100%)
Information 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:
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.
Objectives of IPO
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
Disclaimer
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