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 has a presence in Gujarat, Maharashtra, and Rajasthan. The company has more than 75 varieties of Crops.
The company has 18 employees who look after the marketing & sales of the products.
Vishwas Agri Seeds IPO – Details
| IPO Opening Date | 21 March 2024 |
| IPO Closing Date | 26 March 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 30,00,000 Shares Worth ₹25.80 Crore Fresh Issue: 30,00,000 Shares Worth ₹25.80 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹86 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Vishwas Agri Seeds IPO – Date Schedule
| IPO Open Date | 21 March 2024 |
| IPO Close Date | 26 March 2024 |
| Basis of Allotment | 27 March 2024 |
| Initiation of Refund | 28 March 2024 |
| Credit of Shares to Demat Account | 28 March 2024 |
| IPO Listing Date | 01 April 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 26, 2024 |
Vishwas Agri Seeds IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,37,600 |
| Retail (Maximum) | 1 | 1600 | ₹1,37,600 |
| HNI (Minimum) | 2 | 3200 | ₹2,75,200 |
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 a dedicated Management team.
Company Promoters
- Mr. Ashokbhai Sibabhai Gajera
- Mr. Bharatbhai Sibabhai Gajera
- Mr. Dineshbhai Madhabhai Suvagiya
- Ms. Ilaben Pareshbhai Patel
- Mr. Kalubhai Maganbhai Vekariya
- Mr. Maheshbhai Sibabhai Gajera
- Mr. Ketankumar Babulal Suvagiya
- Mr. Babubhai Laljibhai Suvagiya
- Mr. Rameshbhai Laljibhai Suvagiya
- Mr. Shivlal Veljibhai Bhanderi.
Object Of The Issue
- Capital Expenditure to:
- To Furnish the Corporate Office building.
- To purchase Equipment for setting up the Seed Testing Laboratory.
- To set up the Greenhouse (Fan-Pad System).
- To install Roof Top Solar Monocrystalline Panels (129.6KW).
- Additional Working Capital Requirement.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 53.82 | 52.21 | 1.16 | 12.75 |
| 31 March 2022 | 64.85 | 61.54 | 2.47 | 16.97 |
| 31 March 2023 | 65.32 | 58.18 | 5.34 | 18.77 |
| 30 September 2023 | 42.47 | 36.42 | 4.51 | 28.62 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 27.20% |
| ROCE | 14.60% |
| RoNW | 23.94% |
| P/BV | 3.2 |
| PAT Margin (%) | 10.62 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 16.98 | – |
| P/E (x) | 5.06 | – |
Vishwas Agri Seeds IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.00% |
Vishwas Agri Seeds IPO Prospectus
- Vishwas Agri Seeds IPO DRHP
- Vishwas Agri Seeds IPO RHP
Company 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 Registrar
| 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(s)
| 1. ISK Advisors Pvt Ltd |
Vishwas Agri Seeds IPO FAQs
| What is Vishwas Agri Seeds IPO? Vishwas Agri Seeds IPO is a SME IPO. The issue is priced at ₹86 per equity share. The IPO is to be listed on NSE SME. |
| When Vishwas Agri Seeds IPO will open? The IPO is to open on 21 March 2024 for Retail – 50% and Other – 50% Investors. |
| How to Vishwas Agri Seeds IPO? You can apply for Vishwas Agri Seeds IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Vishwas Agri Seeds IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Vishwas Agri Seeds”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Vishwas Agri Seeds IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Vishwas Agri Seeds”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Vishwas Agri Seeds’ IPO Size? Vishwas Agri Seeds’ IPO size is ₹25.80 crores. |
| What is Vishwas Agri Seeds IPO Price Band? Vishwas Agri Seeds’ IPO Price Band is ₹86. |
| What is Vishwas Agri Seeds IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,37,600 amount while the maximum bid is 1600 shares with ₹1,37,600. |
| What is the Vishwas Agri Seeds IPO Allotment Date? Vishwas Agri Seeds IPO allotment date is 27 March 2024. |
| What is the Vishwas Agri Seeds IPO Listing Date? Vishwas Agri Seeds IPO listing date is 01 April 2024. The IPO is to list on NSE SME. |
