Vishwas Agri Seeds is scheduled to hit the market on March 21, 2024 and close on March 26, 2024. Vishwas Agri Seeds plans to raise around ₹25.80 Cr through an IPO with a sale of up to 3,000,000 equity shares of ₹10 each. The Retail offered 50%, Others Offered 50%.
Vishwas Agri Seeds Limited, established in 2013, operates from Bavla, Ahmedabad, Gujarat, offering a diverse range of crop and vegetable seeds under the brand name “Vishwas”. Their product portfolio includes seeds for various crops like Groundnut, Soybean, Cotton, Maize, as well as hybrid vegetable seeds such as Chilli, Tomato, and Brinjal. With a presence in Gujarat, Maharashtra, and Rajasthan, the company boasts a comprehensive seed processing unit alongside warehouse and cold storage facilities, ensuring consistent quality across their 75+ crop varieties.
The company's competitive strengths lie in its integrated seed processing unit equipped with cold storage and warehouse facilities, providing end-to-end seed processing solutions. Backed by a dedicated management team and an experienced promoter, Vishwas Agri Seeds Limited prides itself on offering a wide range of high-quality products to farmers, solidifying its position in the agricultural seed market.
Vishwas Agri Seeds IPO Details
Vishwas Agri Seeds IPO opens on March 21, 2024, and closes on March 26, 2024. The Listing date for Vishwas Agri Seeds IPO is on April 1, 2024. The price band for IPO is ₹86 per share and lot size of 1600 Shares.
| IPO Date | Mar 21, 2024 to Mar 26, 2024 |
| Listing Date | April 1, 2024 |
| Price | ₹86 per share |
| Lot Size | 1600 Shares |
| Issue Size | ₹25.80 Cr |
| Face Value | ₹10 per share |
Vishwas Agri Seeds IPO Tentative Timetable
Vishwas Agri Seeds opening date is March 21, 2024 and close date is March 26, 2024. The IPO allotment date is March 27, 2024. The refund initiation of IPO is on March 28, 2024. The credit of shares in demat account is on March 28, 2024. The listing date is on April 1, 2024.
| Event | Date |
|---|---|
| IPO Opening | Mar 21, 2024 |
| IPO Closing | Mar 26, 2024 |
| IPO Allotment Date | Mar 27, 2024 |
| Refund Initiation | Mar 28, 2024 |
| Shares Credit to Demat | Mar 28, 2024 |
| Lisiting Date | April 1, 2024 |
Vishwas Agri Seeds IPO Lot Size
Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹137,600).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1600 | ₹137,600 |
| Retail(Maximum) | 1 | 1600 | ₹137,600 |
| HNI (Minimum) | 2 | 3200 | ₹275,200 |
Vishwas Agri Seeds IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.00% |
Vishwas Agri Seeds IPO Review
Vishwas Agri Seeds Ltd. (VASL) is gearing up to introduce its debut IPO, offering 3,000,000 equity shares at a price of Rs. 86 per share, aiming to raise Rs. 25.80 crore. The funds raised from this IPO will be allocated towards essential aspects such as capex on office building, setting up a seed testing laboratory, working capital requirements, and general corporate purposes. VASL, recognized for its quality seed processing under the brand name “Vishwas,” has exhibited commendable financial performance, evident through an upward trend in margins and a robust market presence across multiple states facilitated by its efficient distribution network.
The strategic focus of VASL on modernization and expansion signifies a significant growth trajectory in the competitive seed processing industry. The recent shift to a more spacious facility in Ahmedabad coupled with planned infrastructural enhancements underscores the company's dedication to enhancing operational efficiency and ensuring top-notch product quality. Prospective investors seeking a lucrative opportunity within the agriculture sector may find VASL's IPO appealing for potential medium to long-term returns, considering the company's solid foundation and promising growth prospects.
With an IPO price set at Rs. 86 per share and an issue size of 3,000,000 equity shares, VASL's IPO presents an opportunity for investors to participate in the company's expansion journey. The company's consistent financial performance with escalating margins and a steady revenue growth trajectory reflects its resilience and potential for sustained profitability. By strategically investing in modernization initiatives and infrastructural developments, VASL aims to position itself as a key player in the seed processing industry, offering investors a compelling investment proposition in the agricultural domain with promising returns on investment over the medium to long term.
Vishwas Agri Seeds IPO Subscription Status (Bidding Details)
Table not foundVishwas Agri Seeds IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Vishwas Agri Seeds IPO FAQs
What is Vishwas Agri Seeds IPO?
Vishwas Agri Seeds is issuing 3,000,000 equity shares with a face value of ₹10 each, totaling up to ₹25.80 Cr. The shares are being offered at a price of ₹86 each, with a minimum order quantity of 1600 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Vishwas Agri Seeds IPO will open?
Vishwas Agri Seeds will open on March 21, 2024 for QIB, NII, and Retail Investors.
When Vishwas Agri Seeds IPO will end?
Vishwas Agri Seeds will end on March 26, 2024.
What is Vishwas Agri Seeds IPO Size?
Vishwas Agri Seeds IPO size is ₹25.80 Cr.
What is Vishwas Agri Seeds IPO Price Band?
Vishwas Agri Seeds price band is ₹86 per share.
What is the Vishwas Agri Seeds IPO Allotment Date?
Vishwas Agri Seeds allotment date is March 27, 2024.
What is the Vishwas Agri Seeds IPO Listing Date?
Vishwas Agri Seeds listing date is April 01, 2024. The IPO is to be listed on BSE and NSE.
How to Vishwas Agri Seeds IPO through Zerodha?
To apply for the IPO “Vishwas Agri Seeds” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Vishwas Agri Seeds IPO through Upstox?
To apply for the IPO “Vishwas Agri Seeds” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Vishwas Agri Seeds IPO Allotment Status?
For Vishwas Agri Seeds IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Vishwas Agri Seeds IPO GMP?
You can check out here: Vishwas Agri Seeds IPO GMP