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Vishwas Agri Seeds IPO is a fixed price issue of Rs 25.80 crores. The issue is entirely a fresh issue of 30 lakh shares.
Vishwas Agri Seeds IPO bidding started from March 21, 2024 and ended on March 26, 2024. The allotment for Vishwas Agri Seeds IPO was finalized on Wednesday, March 27, 2024. The shares got listed on NSE SME on April 1, 2024.
Vishwas Agri Seeds IPO price is ₹86 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹137,600. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹275,200.
Isk Advisors Pvt Ltd is the book running lead manager of the Vishwas Agri Seeds IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Vishwas Agri Seeds IPO is Sunflower Broking.
Refer to Vishwas Agri Seeds IPO RHP for detailed information.
| IPO Date | March 21, 2024 to March 26, 2024 |
| Listing Date | April 1, 2024 |
| Face Value | ₹10 per share |
| Price | ₹86 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,000,000 shares (aggregating up to ₹25.80 Cr) |
| Fresh Issue | 3,000,000 shares (aggregating up to ₹25.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,000,000 |
| Share holding post issue | 10,000,000 |
| Market Maker portion | 152,000 shares Sunflower Broking |
Vishwas Agri Seeds IPO offers 3,000,000 shares. 1,424,000 (47.47%) to NII, 1,424,000 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 152,000 (5.07%) |
| Other Shares Offered | 1,424,000 (47.47%) |
| Retail Shares Offered | 1,424,000 (47.47%) |
| Total Shares Offered | 3,000,000 (100%) |
Vishwas Agri Seeds IPO opens on March 21, 2024, and closes on March 26, 2024.
| IPO Open Date | Thursday, March 21, 2024 |
| IPO Close Date | Tuesday, March 26, 2024 |
| Basis of Allotment | Wednesday, March 27, 2024 |
| Initiation of Refunds | Thursday, March 28, 2024 |
| Credit of Shares to Demat | Thursday, March 28, 2024 |
| Listing Date | Monday, April 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 26, 2024 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹137,600 |
| Retail (Max) | 1 | 1600 | ₹137,600 |
| HNI (Min) | 2 | 3,200 | ₹275,200 |
| Lot Size Calculator | |||
Mr.Ashokbhai Sibabhai Gajera, Mr. Bharatbhai Sibabhai Gajera, Mr.Dineshbhai Madhabhai Suvagiya & Others are the company promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 70.00% |
Incorporated in 2013, Vishwas Agri Seeds Limited is in the business of processing and supplying seeds to farmers via the distribution network. The company sells its seeds under the brand name "Vishwas". Vishwas Agri Seeds Limited's product portfolio includes crop seeds for Groundnut, Soybean, Wheat, Cumin, Green Gram, Black Gram Research Hybrid seeds for Cotton, Castol, Pearl Millet, Maize, hybrid vegetable seeds Chilli, Tomato, Brinjal, Watermelon, Sweet Corn, cabbage, Onion, Coriander Seeds, Fenugreek, Mustard, Lucern, Carrot, etc
Vishwas Agri Seeds Limited's commercial operations of seed processing unit along with Warehouse & Cold storage facility is located in Bavla, District: Ahmedabad, Gujarat.
As of March 31, 2023, the company has produced seeds for more than 40 different field crops and vegetables.
Vishwas Agri Seeds Limited have a presence in Gujarat, Maharashtra, and Rajasthan. Vishwas has more than 75 varieties of Crops.
The company has 18 employees who look after the marketing & sales of the products.
Competitive Strengths:
Vishwas Agri Seeds Limited's revenue increased by 0.72% and profit after tax (PAT) rose by 115.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 8,071.95 | 5,351.89 | 3,362.93 | 2,095.59 |
| Revenue | 4,247.49 | 6,532.18 | 6,485.80 | 5,382.66 |
| Profit After Tax | 451.01 | 534.14 | 247.94 | 116.30 |
| Net Worth | 1,883.90 | 1,432.89 | 478.75 | 200.81 |
| Reserves and Surplus | 1,183.90 | 732.89 | 398.75 | 150.81 |
| Total Borrowing | 2,862.87 | 1,877.88 | 1,697.17 | 1,275.08 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Vishwas Agri Seeds IPO is Rs 86 Cr.
KPI as of September 30, 2023.
| KPI | Values |
|---|---|
| ROE | 27.20% |
| ROCE | 14.60% |
| RoNW | 23.94% |
| P/BV | 3.2 |
| PAT Margin (%) | 10.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 16.98 | |
| P/E (x) | 5.06 |
The Objects of the Net Issue is to raise funds for:
(a) Capital Expenditure to
i). To Furnish the Corporate Office building
ii). To purchase Equipments for setting up Seed Testing laboratory
iii). To set-up Greenhouse (Fan-Pad System)
iv). To install Roof Top Solar Monocrystalline Panels (129.6KW)
(b) Additional Working Capital Requirement
(c) General Corporate Purpose
[Dilip Davda] The company is engaged in processing and supplying of quality seeds that gives better yields. Its completed expansion and proposed infra facilities will uplift its top and bottom lines. Based on FY24 annualized earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term rewards. Read detail review...
The Vishwas Agri Seeds IPO is subscribed 12.21 times on March 26, 2024 7:30:00 PM. The public issue subscribed 11.57 times in the retail category, times in the QIB category, and 12.80 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 12.80 |
| Retail | 11.57 |
| Total | 12.21 |
Total Application : 10,300 (11.57 times)
| Listing Date | April 1, 2024 |
| BSE Script Code | |
| NSE Symbol | VISHWAS |
| ISIN | INE0S2E01016 |
| Final Issue Price | ₹86 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹86.00 |
| ₹85.00 |
| ₹80.75 |
| ₹85.70 |
| ₹83.60 |
Vishwas Agri Seeds Limited
Near Toll Tax,
S. No. 460, Gangad Road, Bhayla
Ahmedabad, Bavla, Gujarat, India. - 382220
Phone: +91 6535709174
Email: cs@vishwasagriseeds.com
Website: http://www.vishwasagriseeds.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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Check our SME IPO Guide 
Vishwas Agri Seeds IPO is a SME IPO of 3,000,000 equity shares of the face value of ₹10 aggregating up to ₹25.80 Crores. The issue is priced at ₹86 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 21, 2024, and closes on March 26, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Vishwas Agri Seeds IPO using UPI as a payment gateway. Zerodha customers can apply in Vishwas Agri Seeds IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Vishwas Agri Seeds IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Vishwas Agri Seeds IPO opens on March 21, 2024 and closes on March 26, 2024.
Vishwas Agri Seeds IPO lot size is 1600 Shares, and the minimum amount required is ₹137,600.
You can apply in Vishwas Agri Seeds 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 Vishwas Agri Seeds IPO will be done on Wednesday, March 27, 2024, and the allotted shares will be credited to your demat account by Thursday, March 28, 2024. Check the Vishwas Agri Seeds IPO allotment status.
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