Vishwas Agri Seeds Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹86 - ₹86
- Lot size
- 1,600 shares
- Issue amount
- ₹25.8 cr
- Total subscription
- 12.23×
- Opens
- 21 Mar 2024
- Closes
- 26 Mar 2024
- Allotment
- 27 Mar 2024
- Listing
- 1 Apr 2024
Offer at a glance
Issue overview
- Issue size
- 30,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,37,600
- Fresh issue
- ₹25.8 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,37,600
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 70,00,000
- Shares after issue
- 1,00,00,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,37,600 |
| HNI | 2 | 3,200 | ₹2,75,200 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 12.25 | 141.58 |
| NIB | 12.25 | 158.02 |
Financial performance
Company financials
in ₹ Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 6.44 | 16.98 | 9.49 |
| ROE | 27.2 | 55.88 | 72.97 |
| ROCE | 14.6 | 23.84 | 19.99 |
| RONW | 23.94 | 37.28 | 51.79 |
| PRE IPO(PE) | 3.2 | 0 | 0 |
| POST IPO(PE) | 5.06 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Vishwas Agri Seeds Limited, established in 2013, is a prominent player in the agricultural seed industry, specializing in the processing and supply of high-quality seeds under the brand name "Vishwas." With a diverse portfolio of over 40 field crops and vegetables, the company ensures efficiency and reliability through its integrated seed processing unit, complemented by cold storage and warehouse facilities. Operating strategically across Gujarat, Maharashtra, and Rajasthan, Vishwas Agri Seeds Limited caters to the evolving needs of farmers, providing them with superior seed varieties. With a strong foundation led by an experienced promoter and a dedicated management team, the company upholds a commitment to quality and trust. Offering more than 75 crop varieties and supported by a focused workforce of 18 employees in marketing and sales, Vishwas Agri Seeds Limited continues to expand its reach and strengthen its position in the agricultural sector.
Strengths
- Operational Efficiency with Integrated Infrastructure: The presence of seed processing, cold storage, and warehousing in one location streamlines operations, minimizes logistics costs, and ensures better inventory control, ultimately improving profitability.
- Market Resilience Through Product Diversity: A broad portfolio of over 75 crop varieties reduces dependency on any single product, enabling the company to cater to different market demands and agricultural trends.
- Customer Trust Through Quality Assurance: Consistently high-quality products strengthen brand credibility, fostering customer loyalty and repeat business.
- Strategic Market Access: Operating in key agricultural regions like Gujarat, Maharashtra, and Rajasthan ensures strong distribution networks, better farmer outreach, and reduced risks from localized agricultural disruptions.
Risk factors
- High Working Capital Requirements: The company’s dependence on significant working capital could strain liquidity, especially during seasonal demand fluctuations. Any delay in receivables or increased procurement costs may disrupt operations.
- Exposure to Group Company Liabilities: Providing corporate guarantees for Vraj Hybrid Seeds Limited’s loans exposes Vishwas Agri Seeds Limited to financial risks if the group company defaults, potentially impacting its own cash flows and creditworthiness.
- Legal and Compliance Risks: Ongoing legal proceedings could result in financial penalties, harm the company’s reputation, and divert management focus from core business activities.
Promoters
Mr.Ashokbhai Sibabhai Gajera
Mr. Bharatbhai Sibabhai Gajera
Mr.Dineshbhai Madhabhai Suvagiya
Registrar & documents
Lead manager
Isk Advisors Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Near Toll Tax, S. No. 460, Gangad Road, Bhayla, Ahmedabad, Bavla, Gujarat, India. - 382220
+91 6535709174
[email protected]Company website ↗Understanding VISHWAS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.