IPO Details
Bidding Dates
21 Mar 24 - 26 Mar 24
Price Range ₹
86 - 0
Total Equity
₹ 25.80Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
21 Mar 2024
Offer end
26 Mar 2024
Allotment
27 Mar 2024
Refund initiation
28 Mar 2024
Demat transfer
28 Mar 2024
Listing
01 Apr 2024
Offer start
21 Mar 2024
Offer end
26 Mar 2024
Allotment
27 Mar 2024
Refund initiation
28 Mar 2024
Demat transfer
28 Mar 2024
Listing
01 Apr 2024
About Company
Incorporated in 2013, Vishwas Agri Seeds Limited operates in the seed processing and supply business, serving farmers through an extensive distribution network. The company markets its seeds under the brand name "Vishwas" and offers a diverse product portfolio including crop seeds for groundnut, soybean, wheat, cumin, green gram, and black gram. Additionally, Vishwas Agri Seeds Limited provides research hybrid seeds for cotton, castor, pearl millet, maize, and hybrid vegetable seeds such as chilli, tomato, brinjal, watermelon, sweet corn, cabbage, onion, coriander seeds, fenugreek, mustard, lucerne, and carrot. The company's commercial operations, including its seed processing unit and warehouse with cold storage facilities, are situated in Bavla, District: Ahmedabad, Gujarat.
Year Founded
03-03-2013
Promotor Details
Ashokbhai Shibabhai Gajera
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 70 |
| Share Capital | 7000000 | 7000000 |
Offer to Public
30,00,000.00 Cr
Project Details
- To purchase Equipments for setting up Seed Testing laboratory - 15cr
- To Furnish the Corporate Office building - 40cr
- General Corporate Purpose - 53cr
- To install Roof Top Solar Monocrystalline Panels (129.6KW) - 6cr
- Additional Working Capital Requirement - 110cr
- To set-up Greenhouse (Fan-Pad System). - 15cr
Objectives
- (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 (6KW)(b) Additional Working Capital Requirement(c) General Corporate Purpose
Highlights
- Led by an experienced promoter, the company is backed by a committed management team, ensuring strong leadership and strategic direction.
- Offering a broad spectrum of products, the company ensures consistent quality across its range.
- The company boasts an integrated seed processing plant, complete with a cold store and warehouse housed under one roof.
- Offering a variety of seeds such as Groundnut, Cotton, Wheat, Cumin, Onion, Coriander, Mustard, and more, the company regularly introduces new variants to meet diverse customer needs.
- Equipped with automated sorting, grading, and packing machines, their seed processing unit ensures efficiency in operations.
Challenges
- Inadequate working capital levels could adversely affect the company's operations.
- The company's seasonal operations may result in incomparable quarterly results within a given year.
- Dependency on Groundnut and Cumin seed sales exposes the company to risks of product concentration.
- Corporate guarantees to HDFC Bank for loans of Group Company pose potential financial risks.
- The company's operations are vulnerable to negative impacts due to substantial working capital requirements.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2024 | 8,103.71 | 1,000.00 | 601.45 | 601.45 | 6.0145 |
| 2022 | 3,359.76 | 80.00 | 601.45 | 601.45 | 6.0145 |
| 2023 | 5,377.91 | 700.00 | 116.30 | 116.30 | 16.6143 |
| 2021 | 2,094.25 | 50.00 | 601.45 | 601.45 | 6.0145 |
