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Upsurge Seeds of Agriculture Limited IPO (Upsurge Seeds of Agriculture IPO) Detail

July 29, 2022 - August 2, 2022

Upsurge Seeds of Agriculture IPO is a fixed price issue of Rs 22.81 crores. The issue is entirely a fresh issue of 19.01 lakh shares.

Upsurge Seeds of Agriculture IPO bidding started from July 29, 2022 and ended on August 2, 2022. The allotment for Upsurge Seeds of Agriculture IPO was finalized on Friday, August 5, 2022. The shares got listed on NSE SME on August 11, 2022.

Upsurge Seeds of Agriculture IPO price is ₹120 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹288,000.

Finshore Management Services Limited is the book running lead manager of the Upsurge Seeds of Agriculture IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Upsurge Seeds of Agriculture IPO RHP for detailed information.

Upsurge Seeds of Agriculture IPO Details

IPO Date July 29, 2022 to August 2, 2022
Listing Date August 11, 2022
Face Value ₹10 per share
Price ₹120 per share
Lot Size 1200 Shares
Total Issue Size1,900,800 shares
(aggregating up to ₹22.81 Cr)
Fresh Issue1,900,800 shares
(aggregating up to ₹22.81 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion96,000 shares

Upsurge Seeds of Agriculture IPO Reservation

Upsurge Seeds of Agriculture IPO offers 1,900,800 shares. 902,400 (47.47%) to NII, 902,400 (47.47%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered96,000 (5.05%)
Other Shares Offered902,400 (47.47%)
Retail Shares Offered902,400 (47.47%)
Total Shares Offered1,900,800 (100%)

Upsurge Seeds of Agriculture IPO Timeline (Tentative Schedule)

Upsurge Seeds of Agriculture IPO opens on July 29, 2022, and closes on August 2, 2022.

IPO Open Date Friday, July 29, 2022
IPO Close Date Tuesday, August 2, 2022
Basis of Allotment Friday, August 5, 2022
Initiation of Refunds Monday, August 8, 2022
Credit of Shares to Demat Wednesday, August 10, 2022
Listing Date Thursday, August 11, 2022
Cut-off time for UPI mandate confirmation 5 PM on August 2, 2022

Upsurge Seeds of Agriculture IPO Lot Size

Investors can bid for a minimum of 1200 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 1200 ₹144,000
Retail (Max) 1 1200 ₹144,000
HNI (Min) 2 2,400 ₹288,000
Lot Size Calculator

Upsurge Seeds of Agriculture IPO Promoter Holding

Mr. Arvindkumar Jadavjibhai Kakadia, Mr. Viken Jentilal Kakadiya and Mrs. Sonalben Arvindbhai Kakadiya are the company promoters.

Share Holding Pre Issue 96.92%
Share Holding Post Issue 70.82%

About Upsurge Seeds of Agriculture Limited

Incorporated in 2017, Upsurge Seeds of Agriculture Limited (USA) is a seeds manufacturing company engaged in business of growing, developing, processing and marketing of variety of seeds for a range of field crops and vegetables. The company has a processing unit, which is equipped with modern technology and is spread across an area of more than 45,000 sq. feet, situated at Kuvadva, Rajkot.

The company sells its seeds under the brand name "USA seeds". As of March 31, 2022, Upsurge Seeds of Agriculture Limited has produced seeds for more than 40 different field crops and vegetables and have operations across India covering Gujarat, Maharashtra, and Rajasthan with more than 75 varieties of Crops.

The company's product portfolio includes crop seeds for Groundnut, Wheat, Cumin, Green Gram, Black Gram and vegetable seeds for Onion, Coriander Seeds, Fenugreek etc.

Competitive Strengths:

  • Wide Range of Seeds and its Variants
  • Quality Assurance
  • Customer Satisfaction
  • Experienced Promoter supported by dedicated Management team
  • Proven track record of robust financial performance

Company Financials

Upsurge Seeds of Agriculture Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20835.391763.7321.9292.1442.14
31-Mar-211811.86290.3185.31324.45127.45
31-Mar-224087.497577.15396.441119.3603.4
Amount in ₹ Lakhs

Key Performance Indicator

Upsurge Seeds of Agriculture IPO Market Cap is Rs 84.72 Cr and P/E (x) is 21.35.

KPI Values
P/E (x)21.35
Market Cap (₹ Cr.)84.72

Objects of the Issue (Upsurge Seeds of Agriculture IPO Objectives)

The company intends to utilize the proceeds of the Issue to meet the following objects:

  1. To meet the Working Capital requirements.
  2. General Corporate Purpose.
  3. To meet Issue Expenses.

Upsurge Seeds of Agriculture IPO Review (May apply)

[Dilip Davda]  USAL has posted boosted bottom line for FY22 which is helping its IPO pricing to be around 22 P/E. Based on this ratio, the issue is fully priced. It placed shares at Rs. 60 in January 2022 and now mulls doubt the price from new investors. Of late many players have emerged in this segment raising cut-throat competition. The second IPO from a group company in a similar business raises concern. Considering all these, cash surplus/risk seekers may consider parking funds with a long-term perspective. Read detail review...


Upsurge Seeds of Agriculture IPO Subscription Status (Bidding Detail)

The Upsurge Seeds of Agriculture IPO is subscribed 80.50 times on August 2, 2022 5:00:00 PM. The public issue subscribed 59.29 times in the retail category, times in the QIB category, and 101.70 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other101.70
Retail59.29
Total80.50

Upsurge Seeds of Agriculture IPO Prospectus

Upsurge Seeds of Agriculture IPO Rating

476
4.2
Rating:Rated 4.2 stars
Vote Here ...

Upsurge Seeds of Agriculture IPO Listing Details

Listing Date August 11, 2022
BSE Script Code
NSE Symbol USASEEDS
ISIN INE0CBM01019
Final Issue Price ₹120 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹120.00
₹140.00
₹135.00
₹147.00
₹147.00

Check IPO Performance…

Upsurge Seeds of Agriculture Limited Contact Details

Upsurge Seeds of Agriculture Limited
Plot No. 17, Shreenathji Industrial Estate,
National Highway 8-B, Kuvadva,
Rajkot, Gujarat 360023
Phone: +91- 96879 65596
Email: info@usalimited.in
Website: http://www.usaseedslimited.com/

Upsurge Seeds of Agriculture IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: upsurgeipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html

Upsurge Seeds of Agriculture IPO - Buy or Not

Upsurge Seeds of Agriculture IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 5 2 0

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Upsurge Seeds of Agriculture IPO FAQs

Upsurge Seeds of Agriculture IPO is a SME IPO of 1,900,800 equity shares of the face value of ₹10 aggregating up to ₹22.81 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 1200 Shares.

The IPO opens on July 29, 2022, and closes on August 2, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Upsurge Seeds of Agriculture IPO using UPI as a payment gateway. Zerodha customers can apply in Upsurge Seeds of Agriculture IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Upsurge Seeds of Agriculture IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Upsurge Seeds of Agriculture IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Upsurge Seeds of Agriculture IPO opens on July 29, 2022 and closes on August 2, 2022.

Upsurge Seeds of Agriculture IPO lot size is 1200 Shares, and the minimum amount required is ₹144,000.

You can apply in Upsurge Seeds of Agriculture 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 Upsurge Seeds of Agriculture IPO will be done on Friday, August 5, 2022, and the allotted shares will be credited to your demat account by Wednesday, August 10, 2022. Check the Upsurge Seeds of Agriculture IPO allotment status.

The Upsurge Seeds of Agriculture IPO listing date is on August 11, 2022.
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Upsurge Seeds of Agriculture IPO Message Board

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984 Comments

326. CA Sunil |   Link |  Bookmark |September 23, 2022 3:15:43 PM
Any other person in group holding?
326.1. Anik |   Link |  Bookmark |September 23, 2022 3:56:52 PM
Still holding
326.2. ajnabeedost |   Link |  Bookmark |September 26, 2022 1:54:11 PM
still holding 2 lots
325. CA Sunil |   Link |  Bookmark |September 23, 2022 3:15:00 PM
Out of 2 lot, still holding 1 lot. Planning to sale around Rs. 300..
324. Sandy S |   Link |  Bookmark |September 1, 2022 12:37:17 PM
Sold my one lot at 211/-
More than 1.05lac of profit at 1.44lac investment is a way good for me!

Now I can spend some good amount on my Sister’s marriage 😅😇
324.1. Takamichi |   Link |  Bookmark |September 1, 2022 7:18:15 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Nice....ya better to book profit ..i made a mistake of keep expecting higher return in kn agri and i lost more than 1 lakhs due to that .... So better to book profit than dream for it.....
Glad u can do things which u wanna do for ur sister.... Bless u and bless her....
324.2. Sandy S |   Link |  Bookmark |September 5, 2022 4:32:18 PM
@Takamichi
Thank you sir for the great wishes and I'm glad to hear from you.
323. Sandy S |   Link |  Bookmark |August 29, 2022 3:22:31 PM
180+

I was right 😝😜

Now should I exit or till continue holding
323.1. JAINAM SANGHVI |   Link |  Bookmark |August 31, 2022 11:05:22 AM
Pl suggest, Hold or Sell?
323.2. Sandy S |   Link |  Bookmark |September 1, 2022 12:35:11 PM
I was Holding till today and sold one lot today at 211/-

My guts feeling says to hold for more considering the director and leadership even several stocks are already up above 300-350/-

But if don’t want to take any risk, then you can sell at this price. More than 1lac of profit is not bad at all
322. JAI MATA DI |   Link |  Bookmark |September 1, 2022 12:00:58 AM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
Sold 1 lot. @ 197.60
322.1. Takamichi |   Link |  Bookmark |September 1, 2022 2:25:40 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Great💥 1 at 147 and 1 at 197.60 ....would love to see it reach at around 257 then u can sell ur 3rd one.... 😅😅.....would be a good arithmetical progression
321. Sandy S |   Link |  Bookmark |August 25, 2022 1:38:47 PM
Still holding one lot. Hoping to see some green signs for 160+ !

@All Experts, Gurus, Mentors
Please share your suggestion for hold
321.1. NeilM |   Link |  Bookmark |August 26, 2022 10:53:16 AM
This IPO has failed to impress initially and is continuing to do so.
I too want to exit around 165.
Holding 3 lots!
321.2. Sandy S |   Link |  Bookmark |August 26, 2022 4:21:32 PM
@NeilM
I also think so, but after seeing today's movement, it gave me some positive vibes and encouraged me to hold for some more time !!

Don't know what to do now !!
Should I book a profit now or still hold (I'm confused)😅😅
320. GauravJ |   Link |  Bookmark |August 23, 2022 10:37:19 AM
When will the circuit filter change to 20%
320.1. Ravu |   Link |  Bookmark |August 23, 2022 10:40:17 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Friday - 11th trading day
319. aspirant |   Link |  Bookmark |August 19, 2022 8:46:12 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
With many IPOs are already in queue and many more in pipeline, this counter may see some more selling pressure as part of cash rotation for applying new IPOs. Especially retailers/ SHNIs may look for cash out..

But I believe this counter is having much better future prospects..
319.1. Takamichi |   Link |  Bookmark |August 20, 2022 1:01:54 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
With price flactuates only those with believe in company stays....better for long term
319.2. NeilM |   Link |  Bookmark |August 22, 2022 3:56:10 PM
Do you think this will fall till the IPO opening price? What is your stance here?
I believe this is an unfair exchange of equities between two-three parties and is driving risk for a lot of retail investors in the short run.
318. Takamichi |   Link |  Bookmark |August 19, 2022 11:37:49 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Manipulation of prices by someone as there was many sells at prices of 156-158 in matter of 1-2 seconds which took it to LC
318.1. Tesonaj |   Link |  Bookmark |August 19, 2022 1:27:48 PM
Operator want it below 160.Let's see when it will go above this, it will go though but when, only operator knows.
317. Wishal |   Link |  Bookmark |August 19, 2022 10:28:38 AM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Aaj bhi LC
316. Takamichi |   Link |  Bookmark |August 18, 2022 11:04:33 AM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Today selling pressure is because in zerodha today only the stocks were credit .... If it absorbs today's selling pressure then it would go a long way from here...... Settlement by different brokers on different days led to 3 days of selling pressure
316.8. NeilM |   Link |  Bookmark |August 18, 2022 3:59:40 PM
I had 4 lots at an average of 195. Now sold one at 164. Retaining 3 for now. Lets see!
316.9. Takamichi |   Link |  Bookmark |August 18, 2022 4:32:17 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
It should reach 200 with one push around 170....the day it happens the next support is at around 200....
315. Bhav |   Link |  Bookmark |August 18, 2022 11:39:58 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
SL of 154 was triggered so sold

anyway 10% profit in 1 week is good for me
314. Ravu |   Link |  Bookmark |August 16, 2022 8:05:58 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Bulk deals

16-Aug-22      USASEEDS      Upsurge Seeds of Agri Ltd      HIREN NARANBHAI RAMANI      BUY      97200      160.17
16-Aug-22      USASEEDS      Upsurge Seeds of Agri Ltd      NITUBEN BHUPATBHAI SIROLIYA      BUY      60000      153.67


314.7. NeilM |   Link |  Bookmark |August 17, 2022 12:53:59 PM
So does that mean that stock proce will rise further or it is some level of scam happening?
I have 2 lots at an average of 155 and i’m not sure of long vision, also, wont be able to sell untill upcoming Monday.

What are your thoughts about the momentum that this stock may gain?
314.8. NeilM |   Link |  Bookmark |August 17, 2022 7:49:43 PM
17-Aug-2022      USASEEDS      Upsurge Seeds of Agri Ltd      BHAVIN VITHALBHAI CHHATRALA      BUY      60,000      160.22      -
17-Aug-2022      USASEEDS      Upsurge Seeds of Agri Ltd      NIKUNJ STOCK BROKERS LTD      SELL      60,000      160.22      


I see these Gujrati bhai family has purchased approximately 2 lac shares at an overall average of 155-158. Is that a good sign for longer run or this will be a short term scenario? @sandy262 @Raviu
313. Earthking |   Link |  Bookmark |August 17, 2022 11:43:17 AM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Kept stop loss for 158.5 got triggered and sold at 158.4 ... Thank you all... Learnt to keep stop loss...
313.1. Takamichi |   Link |  Bookmark |August 17, 2022 4:32:42 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Stop loss is used majorily to avoid big loss or sudden fal .... It was trading in the range of 155-160 for long time today and tomorrow..... Better choice of stop loss would have been below 150.5 as that was the minimum buy yesterday...if it would have gone below there would have been chance of sudden fall.... In daily business stocks will move between -2 to + 2 perecent.....its a normal thing..... UC to UC working is not always a good thing....let the stock have some sell and buy....this helps in making good support at different levels....
Wrote this just for some Understanding purpose.....
Anyway having a profit in hand is much better than an unrealised profit.....
313.2. Earthking |   Link |  Bookmark |August 17, 2022 7:36:23 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Thank you very much sir for your concern and sharing your deep knowledge... As said earlier via chittorgarh i learnt and earned a lot... This also is one such learning...
312. 🎯 Big Bull 🎯 |   Link |  Bookmark |August 16, 2022 11:45:31 AM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
Bought in pre open
Exited @ 162.05
312.12. Arca |   Link |  Bookmark |August 16, 2022 7:56:51 PM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
I also bought in preopen but upstoxx didn't allow to sell upsurge today as it wasn't there in holding.
312.13. Userrrrr |   Link |  Bookmark |August 16, 2022 10:45:03 PM
Okay thank you @arca
311. 🎯 Big Bull 🎯 |   Link |  Bookmark |August 16, 2022 6:39:56 PM
IPO Guru IPO Guru (1000+ Posts, 700+ Likes)
till now got single SME alotmnet in upstx ie. Healthy life still holding so cant answer ur question
311.1. Userrrrr |   Link |  Bookmark |August 16, 2022 7:14:23 PM
Okay thank you for replying and what about in angel account? Any problem there?
311.2. Takamichi |   Link |  Bookmark |August 16, 2022 7:39:18 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Same here....only sme I got is healthy life.... Pre open buy would have been better😅😅
310. Earthking |   Link |  Bookmark |August 15, 2022 8:15:28 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
How to keep stop loss in hdfc sec??? In USA tomorrow if it opens at upper band of 161+ and if I wish to sell once if it breaks 160 then how to place the stop loss order... Please guide me experts
310.6. Earthking |   Link |  Bookmark |August 16, 2022 11:54:23 AM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Yes sir... Going by the current trend it can go either way... Let's c
310.7. Earthking |   Link |  Bookmark |August 16, 2022 5:09:47 PM
IPO Mentor IPO Mentor (1000+ Posts, 300+ Likes)
Thank God it went to UC... Hopefully if positive bulk data comes with good name ( as I feel around 9:30 -10:30 am some bulk transaction happened.. Volume suddenly raised) , then some more firework is expected...
309. Tesonaj |   Link |  Bookmark |August 16, 2022 10:56:55 AM
Please sell, so other bystanders can enter. 😂
309.1. Tesonaj |   Link |  Bookmark |August 16, 2022 5:05:22 PM
UC!! Thanks for giving up your shares so easily. 😆
308. abc xyz |   Link |  Bookmark |August 16, 2022 4:12:56 PM
IPO Mentor IPO Mentor (900+ Posts, 800 Likes)
Looking to the today's price movement it seems that Strong hands accumulates this stock from the weak hand. The credibility of the promoters is also known hence those who have patience and face the volatility can hold this stock for multibagger returns over Short to Medium term. Happy investing.
307. Takamichi |   Link |  Bookmark |August 16, 2022 4:06:20 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
More than 6 lakh shares changed hand....one more strong support.....
Good for long investment in case of any panic selling in future