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22 March 2024

Vishwas Agri Seeds IPO

Vishwas Agri Seeds Limited, embarking on its journey to raise funds through an Initial Public Offering (IPO), announced a fixed price issue of Rs 25.80 crores, entirely constituting a fresh issue of 30 lakh shares. With the IPO opening for subscription on March 21, 2024, and closing on March 26, 2024, the company is poised for listing on the NSE SME platform, marking a significant milestone in its growth trajectory. Below, we provide a detailed overview of the Vishwas Agri Seeds IPO in a structured table format for clarity and comprehension.

Vishwas Agri Seeds IPO Overview

General Details

Detail	Description
IPO Opening Date	March 21, 2024
IPO Closing Date	March 26, 2024
Expected Allotment Date	March 27, 2024
Listing Date	April 1, 2024 (Tentative)
Issue Type	Fixed Price Issue IPO
Price Per Share	₹86
Lot Size	1600 Shares
Total Issue Size	3,000,000 shares (Aggregating up to ₹25.80 Cr)
Book Running Lead Manager	Isk Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking
Listing At	NSE SME

Subscription Details

Investor Category	Shares Offered	Subscription (times)
NII (HNI)	1,424,000	0.74
Retail	1,424,000	2.77
Total	3,000,000	1.76

Company Overview

Vishwas Agri Seeds Limited, founded in 2013, specializes in processing and supplying a diverse range of quality seeds under the brand name "Vishwas." The company's product portfolio includes seeds for crops like Groundnut, Soybean, Wheat, and hybrids like Cotton, Maize, along with hybrid vegetable seeds. Located in Bavla, Ahmedabad, Gujarat, Vishwas Agri Seeds has established a robust presence across Gujarat, Maharashtra, and Rajasthan, offering over 75 varieties of crops.

Financial Performance Snapshot (as of September 30, 2023)

Financial Year	Assets (₹ Lakhs)	Revenue (₹ Lakhs)	Profit After Tax (₹ Lakhs)
Sep 30, 2023	8,071.95	4,247.49	451.01
Mar 31, 2023	5,351.89	6,532.18	534.14

Objectives of the Issue

The net proceeds from the issue are earmarked for the following objectives

1. Capital Expenditure for Corporate Office Building Furnishing, Seed Testing Laboratory Equipment, Greenhouse Setup, and Installation of Roof Top Solar Panels.
2. Additional Working Capital Requirement.
3. General Corporate Purpose.

Vishwas Agri Seeds IPO Review

Analysts, such as Dilip Davda, suggest that Vishwas Agri Seeds, with its commitment to processing and supplying quality seeds, presents a promising investment opportunity. The company's recent expansions and infrastructural developments are expected to significantly contribute to its financial growth. The IPO is deemed reasonably priced based on FY24 annualized earnings, suggesting potential for medium to long-term rewards for investors.

This comprehensive overview encapsulates critical details about the Vishwas Agri Seeds IPO, offering potential investors a structured insight into the company's financial journey, market prospects, and the strategic use of the funds raised through the IPO.

FAQs for Vishwas Agri Seeds IPO

What is Vishwas Agri Seeds IPO?

Vishwas Agri Seeds IPO is a fixed price issue aiming to raise Rs 25.80 crores through the issuance of 30 lakh fresh shares at a price of ₹86 per share.
When did the Vishwas Agri Seeds IPO open and close?

The IPO opened for subscription on March 21, 2024, and closed on March 26, 2024.
What is the listing date for Vishwas Agri Seeds IPO?

The tentative listing date on the NSE SME is April 1, 2024.
What is the price of each share in the Vishwas Agri Seeds IPO?

Each share was priced at ₹86.
What was the minimum lot size for the Vishwas Agri Seeds IPO?

The minimum lot size for the IPO was 1600 shares.
How much was the minimum investment required for retail investors?

Retail investors were required to invest a minimum of ₹137,600.
Who managed the Vishwas Agri Seeds IPO?

Bigshare Services Pvt Ltd was the registrar for the IPO.
Who was the market maker for the IPO?

Sunflower Broking served as the market maker for the IPO.
How was the Vishwas Agri Seeds IPO subscribed?

The IPO was subscribed 1.76 times, with the retail category subscribed 2.77 times and the NII category 0.74 times.
What are the main products of Vishwas Agri Seeds Limited?

Vishwas Agri Seeds Limited specializes in processing and supplying seeds for various crops and vegetables under the brand name "Vishwas".
What will the IPO proceeds be used for?

The proceeds from the IPO are intended for capital expenditure for various purposes, additional working capital requirement, and general corporate purposes.
Where is Vishwas Agri Seeds Limited located?

Vishwas Agri Seeds Limited's operations, including seed processing unit, warehouse, and cold storage facility, are located in Bavla, District Ahmedabad, Gujarat.
What is the financial performance of Vishwas Agri Seeds Limited?

For the period ending September 30, 2023, Vishwas Agri Seeds Limited reported a revenue increase of 0.72% and a profit after tax (PAT) rise of 115.43% compared to the previous fiscal year.