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Narmada Agrobase Limited IPO (Narmada Agrobase IPO) Detail

March 28, 2018 - April 11, 2018

Narmada Agrobase IPO is a fixed price issue of Rs 7.48 crores.

Narmada Agrobase IPO bidding started from March 28, 2018 and ended on April 11, 2018. The shares got listed on NSE SME on April 19, 2018.

Narmada Agrobase IPO price is ₹32 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹128,000.

Corporate Capitalventures Pvt Ltd is the book running lead manager of the Narmada Agrobase IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Narmada Agrobase IPO RHP for detailed information.

Narmada Agrobase IPO Details

IPO Date March 28, 2018 to April 11, 2018
Listing Date April 19, 2018
Face Value ₹10 per share
Price ₹32 per share
Lot Size 4000 Shares
Total Issue Size2,340,000 shares
(aggregating up to ₹7.48 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion124,000 shares

Narmada Agrobase IPO Reservation

Narmada Agrobase IPO offers 2,464,000 shares. 1,108,000 (44.97%) to NII, 1,108,000 (44.97%) to RII.

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Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered124,000 (5.03%)
Other Shares Offered1,108,000 (44.97%)
Retail Shares Offered1,108,000 (44.97%)
Other Shares Offered124,000 (5.03%)
Total Shares Offered2,464,000 (100%)

Narmada Agrobase IPO Lot Size

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 ₹128,000
Retail (Max) 1 4000 ₹128,000
Lot Size Calculator

About Narmada Agrobase Limited

Incorporated in 2013, Narmada Agrobase Limited is a Gujarat based company engaged in manufacturing & processing of cottonseed meal cake, cattle feed and soya bean meal. The products manufactured by the company are used for the feeding of cattle which provides a high amount of proteins and other nutrients required by them. Also, the by-products of the Products are used in textiles Industry, Consumer Goods Industry, and Paper Industry.

The company manufactures and exports its products under the brand name of "Churma" and "Gaay Chhaap Narmada Pashu Aahar".

Narmada Agrobase has 9 employees (including Registered Office Staff and Factory Workmen and Corporate Office) on
payroll and it also hires contract labor in the factories as per requirement.

Company Financials

Summary of financial Information (Restated)
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 1,367.01 1,072.64 896.18 528.13 5
Total Revenue 3,444.89 3,070.72 2,203.68 209.69 0.00
Profit After Tax 30.29 18.90 13.88 (-2.49) --

Objects of the Issue (Narmada Agrobase IPO Objectives)

The objects of the Issue are-

1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses

Narmada Agrobase IPO Review (Avoid)

[Dilip Davda]  

Considering exorbitantly priced offer, there is no harm in giving it a miss.

Read detail review...


Narmada Agrobase IPO Subscription Status (Bidding Detail)

The Narmada Agrobase IPO is subscribed 1.21 times on April 11, 2018 5:00:00 PM. The public issue subscribed 1.48 times in the retail category, times in the QIB category, and 0.93 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other0.93
Retail1.48
Total1.21

Narmada Agrobase IPO Prospectus

Narmada Agrobase IPO Rating

59
3.2
Rating:Rated 3.2 stars
Vote Here ...

Narmada Agrobase IPO Listing Details

Listing Date April 19, 2018
BSE Script Code
NSE Symbol NARMADA
ISIN INE117Z01011
Final Issue Price ₹32 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹32.00
₹31.95
₹30.60
₹31.95
₹31.90

Check IPO Performance…

Narmada Agrobase Limited Contact Details

Narmada Agrobase Limited
310, Sudarshan Complex,
Mithakhali Underbridge, Navrangpura
Ahmedabad - 380009
Phone: +91-79-4037 0886
Email: cs@narmadaagrobase.com
Website: http://www.narmadaagrobase.com

Narmada Agrobase IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Narmada Agrobase IPO - Buy or Not

Narmada Agrobase IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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Narmada Agrobase IPO FAQs

Narmada Agrobase IPO is a SME IPO of 2,340,000 equity shares of the face value of ₹10 aggregating up to ₹7.48 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000 Shares.

The IPO opens on March 28, 2018, and closes on April 11, 2018.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Narmada Agrobase IPO opens on March 28, 2018 and closes on April 11, 2018.

Narmada Agrobase IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.

You can apply in Narmada Agrobase 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 Narmada Agrobase IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Narmada Agrobase IPO allotment status.

The Narmada Agrobase IPO listing date is on April 19, 2018.
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Narmada Agrobase IPO Message Board

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11 Comments

7. IPOANALYSIS |   Link |  Bookmark |April 19, 2018 10:52:07 AM
Corporate capital advisor is a bad reputed lead manager. See it's previous and is now half the issue price. Simply stay away from bad LME issues
6. Bholabhala |   Link |  Bookmark |April 11, 2018 2:29:56 PM
As per popular Gujarati megazine, 'Blue Chip' it is advised to be applied, I can see subscription slowly increasing, what say experts?
5. JAYENDRA |   Link |  Bookmark |April 10, 2018 2:38:06 PM
SHOULD I APPLY OR NOT?
5.1. IPOANALYSIS |   Link |  Bookmark |April 10, 2018 2:44:07 PM
No, stay away.
the LM has pethetic record. SMVD heavily subscribed is now half the issue price
nothing good about company. expensive . bad lead manager.

avoid
4. IPOANALYSIS |   Link |  Bookmark |April 10, 2018 1:32:30 AM
remember SMVD of same lead manager is now half the issue price
there is not much history track record and with such poor last sme performance they have come to loot again

remember never invest in such greedy lead manager issue
people lost heavily in sarveshwar food(again new LM asit c mehta) and this one is even more pathetic

there is nothing good in this one. it is expensive,LM track record is too bad
remember the NII category is falsely mention as at last moment they will cancel application
once LM has made fool of public. dont subscribe and teach such greedy LM a lesson


3. IPOANALYSIS |   Link |  Bookmark |April 5, 2018 3:58:44 PM
A big salute to those retailers who applied for 44000 shares.
they are so generous that they are donating their money to the company.,
remember the lead manager last issue smvd is now half the issue price and the LM is a proven bad track record

still have courage then go ahead but i would prefer to donate money in orphanage
2. Impankaj |   Link |  Bookmark |March 28, 2018 9:47:02 AM
Sales and profit growth is good
But
9 employees and a turnover in chores
Epitome of employee productivity
Case study
2.1. dhruv patel |   Link |  Bookmark |March 28, 2018 4:56:51 PM
AS PER MY ASSUMPTION THIS COMNAY IS VERY.
1. IPOANALYSIS |   Link |  Bookmark |March 23, 2018 10:25:54 PM
CORPORATE ADVISORS CAPITAL LAST ISSUE SMVD IS NOW RULING HALF THE ISSUE PRICE
PRICED AT 55 RS, ITS NOW AT 30 RS. SNVD WAS GIVEN VERY GOOD REVIEWS

DONT EVEN THINK ABOUT THIS STOCK TO APPLY IT WILL RUN AWAY WITH UR MONEY.
THE LEAD MANAGER RECORD IS POOR SO CLEARLY AVOID
1.1. Allan |   Link |  Bookmark |March 27, 2018 4:13:12 PM (200+ Posts)
True