Upsurge Seeds of Agriculture IPO Guidance & Details

Listing day Trend of Upsurge Seeds of Agriculture IPO

Issued at : Rs120.00
Open: Rs140.00
Low: Rs135.00
High: Rs147.00
Closed at : Rs147.00

Listing Estimate for Upsurge Seeds of Agriculture IPO : According to the market players, the scrip is expected to get listed at around Rs. 140

Grey Market News for Upsurge Seeds of Agriculture IPO :
On 11 August 2022 
Subject to Rates# :  Rs. 16000 but no trades
GMP Rates :  – nil

Subscription Trend
On 2 August 2022 @ 5.00 pm
NII (50%) 902,400 Sh : 101.70 T
RII (50%) 902,400 Sh : 59.29 T
Tot 18,04,800 Sh : 80.50 T

Upsurge Seeds of Agriculture IPO Details
IPO Date July 29, 2022 to August 02, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 120 per share
IPO Lot Size 1200 Shares
Issue Size 19,00,800 shares of Rs 10
(aggregating up to Rs 22.81 Cr)
Fresh Issue 19,00,800 shares of Rs 10
(aggregating up to Rs 22.81Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered 50% of the net offer
NII (HNI) Shares Offered 50% of the net offer

Retail Quota : 50 % (   902400 Shares)
Minimum  1200 Rs 144,000
Maximum  1200 Rs 144,000
Retail : 752 Applications required for one time subscriptions.

Upsurge Seeds of Agriculture IPO Timetable 
IPO Opening Date July 29, 2022
IPO Closing Date August 02, 2022
Basis of Allotment August 05 , 2022
Initiation of Refunds August 08, 2022
Credit of Shares to Demat August 10, 2022
IPO Listing Date Aug 11, 2022

Upsurge Seeds of Agriculture Business :

UPSURGE SEEDS is a technology driven seeds manufacturing Company engaged in business of growing, developing, processing and marketing of variety of seeds for a range of field crops and vegetables. It is primarily involved in seed processing wherein the improved genetic materials of the breeder seed is grown and multiplied into foundation seed. Thereafter, the foundation seed undergoes next level of processing in which the foundation seed is grown and multiplied into commercial seeds, which is then sold in market for crop production. It has different variants of seeds being sold for each crop depending upon suitability of its seeds for varying agro-climatic conditions, such as water availability, crop duration and soil attributes, across different geographic regions in India.

The company enters into seed grower production agreement with seed growing farmers for leasing thier land on lease rentals to develop and produce the foundation and commercial seeds.
Such grown commercial seeds are then processed at its 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.
Accredited with ISO 9001:2015, the Company sells its seeds under the brand name “USA seeds”. The sole focus of the company is to deliver “Quality Seeds to the Farmer” and the commitment to quality has resulted in USA Seeds being recognised as a premium
For more information about the company,Click  www.usaseedslimited.com

Promoters of Upsurge Seeds of Agriculture

Mr. Arvindkumar Jadavjibhai Kakadia, Mr. Viken Jentilal Kakadiya and Mrs. Sonalben Arvindbhai Kakadiya

Upsurge Seeds of Agriculture : Objects of the IPO

To meet the working capital requirements

Registered office of Upsurge Seeds of Agriculture
Plot No. 17, Shreenathji Industrial Estate, National Highway 8-B,
Kuvadva, Rajkot, Gujarat 360023, India
Company Secretary and Compliance Officer: Mrs. Tanishka Anilbhai Dhamejani,

Lead Manager of Upsurge Seeds of Agriculture IPO
FINSHORE MANAGEMENT SERVICES

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20 Rs 1.53
Earnings per Share 2020-21 Rs 5.23
Earnings per Share 2021-22 Rs 9.79
Return on Net Worth: 19-20: 23.78 %
Return on Net Worth: 20-21 : 26.29 %
Return on Net Worth: 21-22 : 35.42 %
Book Value of the Share as on 31.03.22 Rs 21.70
NAV after the IPO Rs. 48.16
Offer Price Rs. 120

IPO Peer Comparison:
Bombay Super Hybrid Seeds @ PE Multiple of 39.04
Continental Seeds @ PE Multiple of 54.21
Kaveri Seed Company @ PE Multiple of 15.51
Mangalam Seeds @ PE Multiple 18.36

Observation by Paresh Gordhandas ( Research Analyst )

For Guidance : Will be updated soon

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