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vishwas agri seeds ipo

Vishwas Agri Seeds IPO

  • Status: Closed
  • RHP:
  • ₹ 137,600 / 1600 shares

    Minimum Investment

IPO Details

  • Open Date

    21 Mar 2024

  • Close Date

    26 Mar 2024

  • IPO Price Range

    ₹ 86

  • IPO Size

    ₹ 25.80 Cr

  • Listing Exchange

    NSE SME

  • Listing Date

    01 Apr 2024

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IPO Timeline

Vishwas Agri Seeds IPO Subscription Status

Last Updated: 10 April 2024 6:11 PM by 5Paisa

Vishwas Agri Seeds Limited IPO is all set to open from 21st March to 26th March 2024. The company operates in the seed processing business. The IPO includes a fresh issue of 3,000,000 shares worth ₹25.80 cr. The share allotment date is 27th March 2024, and the IPO will be listed on 1st April 2024 on the stock exchanges. The price band is ₹86 and the lot size is 1600 shares.        

ISK Advisors Private Limited is the book-running lead manager for this IPO, while Bigshare Services Private Limited is the registrar. 

Objectives of Vishwas Agri Seeds IPO:

Vishwas Agri Seeds Limited plans to utilize the raised capital from the IPO to:

●    To fund the capital expenditure requirements to undertake furnishing the corporate office building, purchase equipment to build a seed testing lab, set up a greenhouse and install rooftop solar monocrystalline panels.
●    For working capital requirements.
●    General corporate purposes.
 

Established in 2009, Vishwas Agri Seeds Limited operates in the seed processing business and is based out of Rajkot, Gujarat. The company sells its product via distributors to farmers under the brand name "Vishwas".

Vishwas Agri Seeds produced seeds of 40+ field crops and has sold them in Gujarat, Rajasthan, and Maharashtra as of March 2023. The company’s portfolio includes crop seeds such as 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. 

Peer Comparison

●    Bombay Super Hybrid Seeds Limited
●    Kaveri Seed Company Limited
●    Upsurge Seeds of Agriculture Limited

For More Information:
Webstory on Vishwas Agri Seeds IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 65.30 64.85 53.82
EBITDA 7.90 4.39 2.19
PAT 5.34 2.47 1.16
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 53.51 33.62 20.95
Share Capital 7.00 0.80 0.50
Total Borrowings 39.19 28.84 18.94
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities 6.09 0.78 0.19
Net cash from / (used in) investing activities -10.75 -4.15 -0.26
Net cash flow from / (used in) financing activities 4.79 3.38 0.085
Net increase (decrease) in cash and cash equivalents 0.14 0.015 0.014

Strengths

1.    It has a vast and diversified product portfolio.
2.    The company has an integrated Seed processing unit with cold storage and a warehouse facility in one premise. 
3.    The company focuses on high-quality seeds. 
4.    The company’s management team is well-experienced.
 

Risks

1.    High working capital requirements.
2.    The business is seasonal and Weather conditions, crop diseases and pest attacks can impact the business. 
3.    The company is dependent on revenues from Groundnut seeds & Cumin seeds.
4.    It has reported negative cash flows in the past. 
5.    The company faces high competition. 
6.    It has also reported negative PAT in the past.
 

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FAQs

Vishwas Agri Seeds IPO opens from 21st March to 26th March 2024.
 

The size of Vishwas Agri Seeds IPO is ₹25.80 cr. 
 

To apply for Vishwas Agri Seeds IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the  Vishwas Agri Seeds IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    
You will receive a mandate notification to block funds in your UPI app.
 

The price band of Vishwas Agri Seeds IPO is fixed at ₹86 per share. 
 

The minimum lot size of Vishwas Agri Seeds IPO is 1600 shares and the investment required is ₹1,37,600.
 

The share allotment date of Vishwas Agri Seeds IPO is 27th March 2024.
 

The Vishwas Agri Seeds IPO will be listed on 1st April 2024.
 

ISK Advisors Private Limited is the book-running lead manager for Vishwas Agri Seeds IPO.
 

Vishwas Agri Seeds Limited plans to utilize the raised capital from the IPO to:

1.    To fund the capital expenditure requirements to undertake furnishing the corporate office building, purchase equipment to build a seed testing lab, set up a greenhouse and install rooftop solar monocrystalline panels.
2.    For working capital requirements.
3.    General corporate purposes.