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Narmada Agrobase Limited IPO (Narmada Agrobase IPO) Detail

Mar 28, 2018 - Apr 11, 2018

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 Promoters:

Mr. Neerajkumar Sureshchandra Agrawal, and Mr. Suresh Chandra Gupta are the Promoters of the Company.
They hold 29,65,250 Equity Shares which in aggregate, constitutes 57.17% of the issued and paid-up Equity Share capital of the Company. The Promoter and Promoter Group will continue to hold the majority of the post- Issue paid-up equity share capital of the Company.

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:

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 Details

IPO Opening Date Mar 28, 2018
IPO Closing Date Apr 11, 2018
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹32 per equity share
Market Lot 4000 Shares
Min Order Quantity 4000 Shares
Listing At NSE SME
Issue Size2,340,000 Eq Shares of ₹10
(aggregating up to ₹7.48 Cr)

Narmada Agrobase IPO Lot Size

The Narmada Agrobase IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹128,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 4000 ₹128,000
Maximum 1 4000 ₹128,000

Narmada Agrobase IPO Review

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 4/11/2018 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)
NII0.93
Retail1.48
Total1.21

Narmada Agrobase IPO Prospectus

Narmada Agrobase IPO Rating

59
3.2
Rating:Rated 3.2 stars
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Narmada Agrobase IPO Listing Date

Listing Date Thursday, April 19, 2018
BSE Script Code
NSE Symbol NARMADA
Listing In
ISIN INE117Z01011
IPO Price ₹32 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹32.00
Open: ₹31.95
Low: ₹30.60
High: ₹31.95
Last Trade: ₹31.90

Company Contact Information

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

KFintech Private Limited

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

Narmada Agrobase IPO Reviews / Ratings

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 equity share. The minimum order quantity is 4000 Shares.

The IPO opens on Mar 28, 2018, and closes on Apr 11, 2018.

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

The Narmada Agrobase IPO opens on Mar 28, 2018 and closes on Apr 11, 2018.

Narmada Agrobase IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.

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, Edelweiss, 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 Thursday, April 19, 2018.

Narmada Agrobase IPO Message Board

Ranked Members  Ranked Members

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11 Comments

7. IPOANALYSIS |Apr 19, 2018 10:52:07 AM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Apr 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 |Apr 10, 2018 2:38:06 PM
SHOULD I APPLY OR NOT?
5.1. IPOANALYSIS |Apr 10, 2018 2:44:07 PM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Apr 10, 2018 1:32:30 AM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Apr 5, 2018 3:58:44 PM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Mar 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 |Mar 28, 2018 4:56:51 PM
AS PER MY ASSUMPTION THIS COMNAY IS VERY.
1. IPOANALYSIS |Mar 23, 2018 10:25:54 PM
IPO Guru IPO Guru (1900+ Posts, 1500+ Likes)
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 |Mar 27, 2018 4:13:12 PM
True