March 28, 2024
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Vishwas Agri Seeds IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Vishwas Agri Seeds IPO Post Listing Review:
On 1 April, the scrip is listed at Rs. 85, discount of 1.16% over the issue-price of Rs. 86. This listing has been below the expectations of the grey market
What is the latest GMP of Vishwas Agri Seeds IPO?Premium: Rs.9
Subject to Rs.11000
Check Subscription status of Vishwas Agri Seeds IPO
On 26 March 2024 5.00 pm (Day 3)
Review: Not so good subscription on Day3
NII: 1424000 Shares 12.80 T
RII: 1424000 Shares 11.57 T
Total: 2848000 Shares 12.21 T
What is the business of Vishwas Agri Seeds?
Vishwas Agri Seeds Limited is in the business of processing quality seeds and supplying to farmers via there distribution network. The Company sells its seeds under the brand name “Vishwas”. Its seeds processing unit is equipped with optical sorting machine, they detect unwanted colours, subtle discoloration, size and shape defects, and foreign materials. Further its seeds undergo seed treatment process where seeds are processed by application of fungicide, insecticide, or a combination of both, to seeds so as to disinfect them from seed-borne or soil-borne pathogenic organisms and storage insects.
Initially company started seeds processing unit at Plot no. 61 Near Akshar Solar Jamvadi GIDC 2 Gondal, Rajkot- 360311, Gujarat, India. Company ceased its operations in Rajkot Unit in June 2023 to migrate in its own larger facility in Ahmedabad. In July 2023, Company started commercial operations of seed processing unit along with Warehouse & Cold storage facility at Unit no. 3 New R.S No. 460, Village: Bhayla, Taluka: Bavla, District: Ahmedabad, Gujarat. The said processing unit, equipped with modern technology is spread across 5 acres.
The Company has availed term loan of Rs. 11.51 Crores from HDFC bank via sanction letter dated
June 22, 2022 to construct the factory shed, to built Cold Storage, Warehouse and Machinery of seed processing unit. The said unit also equipped with warehousing for storing 4200 MT (Metric ton) capacity of stock and cold storage facility to store 3000 MT of stock.
Get more information about the company @ http://www.vishwasagriseeds.com/
| Vishwas Agri Seeds IPO Details | |
| IPO opens on | 21 March 2024 |
| IPO closes on | 26 March 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 3000000 Sh /Rs 25.80 Cr |
| * Fresh Issue | 3000000 Sh /Rs 25.80 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 152000 Sh. |
| Net offer to Public | 2848000 Sh./Rs.24.49 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 86 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Vishwas Agri Seeds IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | – |
| NII (50%) | 1424000 | 12.25 |
| RII (50%) | 1424000 | 12.24 |
| Total Shares | 2848000 | 24.49 |
| Retail portion will be oversubscribed by | 890 | |
| Forms | ||
| How much Shares to Apply in Vishwas Agri Seeds IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 137600 |
| Min HNI Application | 3200 Sh | Rs.275200 |
Who are the Promoters of Vishwas Agri Seeds IPO?
Mr.Ashokbhai Sibabhai Gajera, Mr. Bharatbhai Sibabhai Gajera, Mr.Dineshbhai Madhabhai Suvagiya & Others are the company promoters.
What are the Objects of Vishwas Agri Seeds IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
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
| Vishwas Agri Seeds IPO Tentative timetable | |
| IPO opens on | 21 March 2024 |
| IPO Closes on | 26 March 2024 |
| IPO Allotment on | 27 March 2024 |
| Refund Initiation | 28 March 2024 |
| Credit of Shares | 28 March 2024 |
| Listing on | 01 April 2024 |
| Registered Office of the Company Vishwas Agri Seeds Limited Near Toll Tax, S. No. 460, Gangad Road, Bhayla Ahmedabad, Bavla, Gujarat, India. – 382220 |
| Who is the Lead Manager of Vishwas Agri Seeds IPO? Isk Advisors Pvt Ltd |
| Who is the Registrar to IPO? Bigshare Services Pvt Ltd |
| Vishwas Agri Seeds IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 53.83 | 1.16 | 4.65 | 57.91 |
| 2021-22 | 64.86 | 2.48 | 9.49 | 51.79 |
| 2022-23 | 65.32 | 5.34 | 16.98 | 37.28 |
| Book Value of the Share on | 31.03.2023 | Rs 20.47 | ||
| BV of the Share at cap price | after the IPO | Rs. ? | ||
| Offer Price/upper band | Rs. 86 | |||
| Vishwas Agri Seeds IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 16.10 |
| Price/BV Ratio | 4.20 |
| Upper price/BV after IPO | |
How Vishwas Agri Seeds IPO compares with the Peers?
| As per RHP | FV | Total Income | PE Ratio |
| In Rs. Cr | |||
| Vishwas Agri Seeds | 10 | – 16.10 | |
| Bombay Super Hybrid | 10 | 128.79 | |
| Kaveri Seeds | 2 | 14.81 | |
| Upsurege Seeds | 10 | 43.93 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Vishwas Agri Seeds IPO To the point Guidance
Vishwas Agri Seeds Limited is in the business of processing quality seeds and supplying to farmers via there distribution network. The Company sells its seeds under the brand name “Vishwas”. Its seeds processing unit is equipped with optical sorting machine, they detect unwanted colours, subtle discoloration, size and shape defects, and foreign materials.
Size: The net size of the IPO is Rs. 24.49 Cr comprising of 2848000 shares. The HNI portion is just Rs.12.25 Cr and Retail portion is Rs. 12.24 Cr. The Retail portion will get oversubscribed with only 890 applications. So, there is no worry about oversubscription.
Financial Snapshot: The company has shown steady growth in its topline and bottomline during last 3 years. During the year 2022-23, the profits show some exceptional rise. The shares are offered at PE multiple of 16.10 and compared to Peers, there appears to be some room for listing gain. May Apply.
Quicklinks
Vishwas Agri Seeds IPO GMP Detail IPO GMP today details?
Vishwas Agri Seeds IPO
Vishwas Agri Seeds IPO FAQs
What is Vishwas Agri Seeds IPO?
Vishwas Agri Seeds is a SME IPO of 3000000 equity shares of the face value of Rs. 10 aggregating up to Rs.25.80 Crores. The issue is priced at Rs.86 per share. The minimum order quantity is 1600 Shares.
When will Vishwas Agri Seeds IPO open?
Vishwas Agri Seeds IPO opens on March 21, 2024, and closes on March 26, 2024.
What is the lot size of Vishwas Agri Seeds IPO?
Vishwas Agri Seeds IPO lot size is 1600 Shares, and the minimum amount required is Rs.137600.
How to apply for Vishwas Agri Seeds IPO?
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.
When is Vishwas Agri Seeds IPO allotment?
The finalization of Basis of Allotment for Vishwas Agri Seeds IPO will be done on March 27, 2024, and the allotted shares will be credited to your demat account by March 28, 2024.
When is Vishwas Agri Seeds IPO listing date?
Vishwas Agri Seeds IPO listing date is April 01, 2024.
