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Indo US BioTech IPO is a fixed price issue of Rs 7.29 crores.
Indo US BioTech IPO bidding started from April 30, 2018 and ended on May 3, 2018. The shares got listed on BSE SME on May 11, 2018.
Indo US BioTech IPO price is ₹51 per share. The minimum lot size for an application is 2000 Shares. The minimum amount of investment required by retail investors is ₹102,000.
Swastika Investmart Ltd is the book running lead manager of the Indo US BioTech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Indo US BioTech IPO RHP for detailed information.
| IPO Date | April 30, 2018 to May 3, 2018 |
| Listing Date | May 11, 2018 |
| Face Value | ₹10 per share |
| Price | ₹51 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 1,430,000 shares (aggregating up to ₹7.29 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 74,000 shares |
Indo US BioTech IPO a total of 1,504,000 shares are offered. RII: 678,000 (45.08%), NII: 678,000 (45.08%).
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 74,000 (4.92%) |
| Other Shares Offered | 678,000 (45.08%) |
| Retail Shares Offered | 678,000 (45.08%) |
| Other Shares Offered | 74,000 (4.92%) |
| Total Shares Offered | 1,504,000 (100%) |
Investors can bid for a minimum of 2000 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 | 2000 | ₹102,000 |
| Retail (Max) | 1 | 2000 | ₹102,000 |
| Lot Size Calculator | |||
Incorporated in 2004, Gujarat based Indo US Bio-Tech Limited is engaged in the business of breeding products, processing and marketing of high performing open-pollinated and hybrid agricultural seed varieties & (seed testing, soil & water testing ). The company has its own laboratory for seed testing at Junagadh.
The company started In-House Research and Development (R&D) unit at Modasa, District - Sabarkantha (Gujarat) for research activities to produce better and different varieties of seeds. On September 23, 2011, it got the recognition up to March 31, 2014, for In-House R&D from Government of India, Ministry of Science and Technology, Department of Scientific and Industrial Research Technology Bhavan, New Delhi (DSIR).
In the initial stage, the company was engaged in producing different varieties of oilseeds and pulses seeds, later on, it also added vegetable, spices and cereals seeds to its basket. In the year 2014, it shifted its R&D unit Gandhinagar to carry on its research activities.
As on January 31, 2018, Indo US Bio-Tech has 45 Employees in various departments.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,293.66 | 1,368.76 | 767.52 | 605.19 | 626.38 | |
| Total Revenue | 2,457.79 | 1,914.53 | 1,966.07 | 1,485.50 | 1,493.84 | |
| Profit After Tax | 64.99 | 35.99 | 49.59 | 25.96 | 29.94 | |
The objects of the Issue are:
1. To meet Incremental Working Capital Requirement;
2. General Corporate Purpose;
3. Meeting Public Issue Expenses.
[Dilip Davda]
Super profits for FY17 and seven months of FY 18 appears to have been window dressed before IPO and are a major concern for its sustainability. Considering this, cash surplus risk savvy investors may consider investment at their own risk for long term.
Read detail review...The Indo US BioTech IPO is subscribed 19.74 times on May 3, 2018 5:00:00 PM. The public issue subscribed 19.87 times in the retail category, times in the QIB category, and 19.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 19.52 |
| Retail | 19.87 |
| Total | 19.74 |
| Listing Date | May 11, 2018 |
| BSE Script Code | 541304 |
| NSE Symbol | |
| ISIN | INE250Z01010 |
| Final Issue Price | ₹51 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹51.00 |
| ₹55.05 |
| ₹55.05 |
| ₹57.80 |
| ₹57.80 |
Indo US Bio-Tech Limited
309, Shanti Mall,
Satadhar Char Rasta, Opp. Navrang Tower,
Sola Road, Ahmedabad - 380 061
Phone: +91 - 79 - 2749 1807
Email: compliance@indousagriseeds.com
Website: http://www.indousagriseeds.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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Indo US BioTech IPO is a SME IPO of 1,430,000 equity shares of the face value of ₹10 aggregating up to ₹7.29 Crores. The issue is priced at ₹51 per share. The minimum order quantity is 2000 Shares.
The IPO opens on April 30, 2018, and closes on May 3, 2018.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Indo US BioTech IPO opens on April 30, 2018 and closes on May 3, 2018.
Indo US BioTech IPO lot size is 2000 Shares, and the minimum amount required is ₹102,000.
You can apply in Indo US BioTech 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 Indo US BioTech IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Indo US BioTech IPO allotment status.
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