Vishwas Agri Seeds Limited (NSE SME)
Mar 21, 2024 - Mar 26, 2024
| Price | ₹86 - ₹86 |
| Premium | ₹9 |
|---|---|
| Lot size | 1600 |
| Allotment | Mar 27, 2024 |
| Listing | Apr 1, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 137600 | 890 |
| HNI | 2 | 3200 | 275200 | 890 |
Last updated on 26-Mar-2024 17:01:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 1424000 | 18374400 | 12.9 |
| RETAIL | 1424000 | 16462400 | 11.56 |
| Total | 2848000 | 34836800 | 12.23 |
| Retail Apps | 10289 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.49 | @8% ₹1.7 | @9% ₹1.91 | @10% ₹2.13 | @11% ₹2.34 | @12% ₹2.55 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 1424000 |
| Other | 47.5% | 1424000 |
| Market Maker | 5.07% | 152000 |
| Total No. of Shares | 100.0% | 3000000 |
Vishwas Agri Seeds Limited, established in 2013, stands as a robust player in the agricultural seed industry, specializing in processing and supplying seeds under the brand name "Vishwas". With a diverse portfolio encompassing over 40 different field crops and vegetables, the company's integrated seed processing unit, coupled with cold storage and warehouse facilities, positions it as a reliable and efficient supplier. Vishwas Agri Seeds Limited operates with a strategic presence in Gujarat, Maharashtra, and Rajasthan, catering to the agricultural needs of farmers across these regions. Backed by an experienced promoter and a dedicated management team, the company ensures consistent quality and a wide range of products, fostering trust and reliability among its customers. With over 75 varieties of crops and a committed workforce of 18 employees overseeing marketing and sales operations, Vishwas Agri Seeds Limited continues to strengthen its foothold in the agricultural sector.
IPO Details
| Issue Size | 3,000,000 shares (aggregating up to ₹25.80 Cr) |
| Fresh Issue | 3,000,000 shares (aggregating up to ₹25.80 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,000,000 |
| Share holding post issue | 10,000,000 |
| Market Maker portion | 152,000 shares Sunflower Broking |
Key Performance Indicator
| KPI | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROE | 27.20% | 55.88% | 72.97% |
| ROCE | 14.60% | 23.84% | 19.99% |
| RONW | 23.94% | 37.28% | 51.79% |
| EPS (basic & diluted) | 6.44 | 16.98 | 9.49 |
| P/BV | 3.2 | ||
| P/E (Pre IPO) | 5.06 |
Company Financials
Vishwas Agri Seeds Limited Financial Information (Restated Standalone)
Vishwas Agri Seeds Limited's revenue increased by 0.72% and profit after tax (PAT) rose by 115.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 8,071.95 | 5,351.89 | 3,362.93 | 2,095.59 |
| Revenue | 4,247.49 | 6,532.18 | 6,485.80 | 5,382.66 |
| Profit | 451.01 | 534.14 | 247.94 | 116.30 |
| Net Worth | 1,883.90 | 1,432.89 | 478.75 | 200.81 |
| Reserves | 1,183.90 | 732.89 | 398.75 | 150.81 |
| Borrowing | 2,862.87 | 1,877.88 | 1,697.17 | 1,275.08 |
| Amount in ₹ Lakhs |
Strength Factors
Integrated Infrastructure: The presence of a seed processing unit, cold storage, and warehouse facilities within a single premise provides operational efficiency, reducing logistical complexities and ensuring better control over the quality and storage of seeds.
Diverse Product Portfolio: Offering more than 75 varieties of crops and over 40 different field crops and vegetables, the company boasts a wide range of products, catering to various agricultural needs. This diversity enhances market penetration and reduces dependency on specific crops.
Consistent Quality: The Company’s commitment to consistent quality across its product range strengthens its reputation among farmers. Consistency in quality not only fosters customer trust but also leads to repeat business and positive word-of-mouth referrals.
Strategic Geographic Presence: Operating in Gujarat, Maharashtra, and Rajasthan, key agricultural regions in India, provides strategic advantages in terms of market access and distribution networks. This geographic spread mitigates risks associated with localized market fluctuations and enhances market reach.
Risk Factors
High Working Capital Requirements: The Company’s operations are subject to high working capital needs. Inability to maintain an optimal level of working capital may adversely affect operations, leading to disruptions in production, procurement, or distribution processes.
Guarantees for Group Company Loans: Vishwas Agri Seeds Limited has provided corporate guarantees to HDFC Bank for loans availed by its Group Company, Vraj Hybrid Seeds Limited. Any default by the Group Company on these loans could result in financial liabilities for Vishwas Agri Seeds Limited, impacting its financial health and liquidity position.
Legal Proceedings: The existence of outstanding legal proceedings against the company poses a potential risk. These legal matters may lead to financial liabilities, reputational damage, or diversion of management attention, adversely affecting business operations and financial performance.
Vishwas Agri Seeds IPO Lead Manager(s)
- Isk Advisors Pvt Ltd
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html