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ShreeOswal Seeds & Chemicals IPO is a book built issue of Rs 11.90 crores.
ShreeOswal Seeds & Chemicals IPO bidding started from June 7, 2018 and ended on June 12, 2018. The allotment for ShreeOswal Seeds & Chemicals IPO was finalized on Friday, June 15, 2018. The shares got listed on NSE SME on June 20, 2018.
ShreeOswal Seeds & Chemicals IPO price band is set at ₹25 to ₹26 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹104,000.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the ShreeOswal Seeds & Chemicals IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to ShreeOswal Seeds & Chemicals IPO RHP for detailed information.
| IPO Date | June 7, 2018 to June 12, 2018 |
| Listing Date | June 20, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹25 to ₹26 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,576,000 shares (aggregating up to ₹11.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 232,000 shares |
ShreeOswal Seeds & Chemicals IPO offers 4,808,000 shares. 2,172,000 (45.17%) to NII, 2,172,000 (45.17%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 232,000 (4.83%) |
| NII (HNI) Shares Offered | 2,172,000 (45.17%) |
| Retail Shares Offered | 2,172,000 (45.17%) | Other Shares Offered | 232,000 (4.83%) |
| Total Shares Offered | 4,808,000 (100%) |
ShreeOswal Seeds & Chemicals IPO opens on June 7, 2018, and closes on June 12, 2018.
| IPO Open Date | Thursday, June 7, 2018 |
| IPO Close Date | Tuesday, June 12, 2018 |
| Basis of Allotment | Friday, June 15, 2018 |
| Initiation of Refunds | Monday, June 18, 2018 |
| Credit of Shares to Demat | Tuesday, June 19, 2018 |
| Listing Date | Wednesday, June 20, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 12, 2018 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹104,000 |
| Retail (Max) | 1 | 4000 | ₹104,000 |
| Lot Size Calculator | |||
Incorporated in 2002, Madhya Pradesh based ShreeOswal Seeds and Chemicals Limited is an ISO 22000:2005 certified company engaged in the business of production, processing, and sale of different kind of agricultural seeds like wheat,maize,soybean,mustard,etc.
The Company processes various kinds of seeds at its processing unit located at Neemuch, Madhya Pradesh. It processes 5 varieties of wheat seeds, 5 varieties of soya bean seeds, 3 varieties of Mustard seeds, 1 variety of black gram, 1 variety of corn seeds and 1 Variety of isabgol/psyllium. The products are marketed under the brand name of OSWAL. The majority of the sales are through its own Brand which contributed 66.00 %, 85.32 %, and 95.25 % respectively to the total sales for the financial year ended March 31, 2015, 2016, and 2017 respectively.
ShreeOswal has a diversified customer base covering states like Bihar, Jharkhand, Maharashtra, Madhya Pradesh, Rajasthan, Uttar Pradesh, Delhi, and Punjab. The Company operates through a network of distributors and dealers and has an association with more than 114 dealers and distributors.
Strengths of the Company-
1. A diverse portfolio of seeds products
2. Wide distribution network across many states
3. Established brand name of OSWAL
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 2,734.88 | 2,489.88 | 3,009.15 | 2,843.94 | 1,479.95 | |
| Total Revenue | 4,300.12 | 3,887.04 | 5,860.25 | 3,350.11 | 2,254.33 | |
| Profit After Tax | 102.39 | 32.21 | 30.98 | 17.71 | 12.50 | |
The Objects of the Issue are-
1. Purchase of New Plant & Machinery
2. Funding the working capital requirements of the Company
3. General corporate purposes.
[Dilip Davda] Investors may consider investment for medium to long term in ShreeOswal Seeds NSE SME IPO. Read detail review...
The ShreeOswal Seeds & Chemicals IPO is subscribed 4.17 times on June 12, 2018 5:00:00 PM. The public issue subscribed 5.69 times in the retail category, times in the QIB category, and 2.60 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.60 |
| Retail | 5.69 |
| Total | 4.17 |
| Listing Date | June 20, 2018 |
| BSE Script Code | |
| NSE Symbol | OSWALSEEDS |
| ISIN | INE00IK01011 |
| Final Issue Price | ₹26 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹26.00 |
| ₹27.85 |
| ₹27.00 |
| ₹27.85 |
| ₹27.00 |
ShreeOswal Seeds & Chemicals Limited
Oswal House
Nasirabad Highway, Village Kanwati
Neemuch- 458441 , Madhya Pradesh
Phone: +91 7423-297006
Email: info@oswalseeds.com
Website: http://www.oswalseeds.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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ShreeOswal Seeds & Chemicals IPO is a SME IPO of 4,576,000 equity shares of the face value of ₹10 aggregating up to ₹11.90 Crores. The issue is priced at ₹25 to ₹26 per share. The minimum order quantity is 4000 Shares.
The IPO opens on June 7, 2018, and closes on June 12, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The ShreeOswal Seeds & Chemicals IPO opens on June 7, 2018 and closes on June 12, 2018.
ShreeOswal Seeds & Chemicals IPO lot size is 4000 Shares, and the minimum amount required is ₹104,000.
You can apply in ShreeOswal Seeds & Chemicals IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ShreeOswal Seeds & Chemicals IPO will be done on Friday, June 15, 2018, and the allotted shares will be credited to your demat account by Tuesday, June 19, 2018. Check the ShreeOswal Seeds & Chemicals IPO allotment status.
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