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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
The Promoters of the Company are Sanjay Kumar Baigani and Anil Kumar Nahata. The Promoters hold 10,669,000 Equity Shares representing 100.00% of the pre-issue paid up Capital of the Company.
| 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.
| IPO Opening Date | Jun 7, 2018 |
| IPO Closing Date | Jun 12, 2018 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹25 to ₹26 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | 4,576,000 Eq Shares of ₹10 (aggregating up to ₹11.90 Cr) |
The ShreeOswal Seeds & Chemicals IPO open date is Jun 7, 2018, and the close date is Jun 12, 2018. The issue may list on Jun 20, 2018.
| IPO Open Date | Jun 7, 2018 |
| IPO Close Date | Jun 12, 2018 |
| Basis of Allotment Date | Jun 15, 2018 |
| Initiation of Refunds | Jun 18, 2018 |
| Credit of Shares to Demat Account | Jun 19, 2018 |
| IPO Listing Date | Jun 20, 2018 |
The ShreeOswal Seeds & Chemicals IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹104,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹104,000 |
| Maximum | 1 | 4000 | ₹104,000 |
The ShreeOswal Seeds & Chemicals IPO is subscribed 4.17 times on Jun 12, 2018 17:00. The public issue subscribed 5.69 in the retail category, in the QIB category, and 2.60 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.60 |
| RII | 5.69 |
| Total | 4.17 |
| Listing Date | Wednesday, June 20, 2018 |
| BSE Script Code | |
| NSE Symbol | OSWALSEEDS |
| Listing In | |
| ISIN | INE00IK01011 |
| IPO Price | ₹26 per equity share |
| Face Value | ₹10 per equity share |
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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: http://www.bigshareonline.com
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 equity share. The minimum order quantity is 4000 Shares.
The IPO opens on Jun 7, 2018, and closes on Jun 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 Jun 7, 2018 and closes on Jun 12, 2018.
ShreeOswal Seeds & Chemicals IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ShreeOswal Seeds & Chemicals IPO will be done on Jun 15, 2018, and the allotted shares will be credited to your demat account by Jun 19, 2018. Check the ShreeOswal Seeds & Chemicals IPO allotment status.
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