The Narmada Agrobase date has been confirmed from March 28, 2018 and ended on April 11, 2018. Read the post to learn about Narmada Agrobase IPO GMP.
Looking to invest? The Narmada Agrobase Developers IPO offers a fixed price issue worth Rs 7.48 crores, valuing each share at ₹32. To get in on the action, you’ll need to apply for a minimum of 4000 shares. For retail investors, the entry requirement stands at a minimum investment of ₹128,000. The Narmada Agrobase Developers IPO is an opportunity for management to answer any questions and share installation pictures, and at the same time helps to create excitement about its public debut.
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Bidding Dates
March 28-April 11
Price Range
₹32 per share
Face Value
₹10 per share
GMP
₹21.45
Narmada Agrobase IPO GMP
The Narmada Agrobase IPO GMP Today is ₹21.45.
IPO Overview
The Narmada Agrobase IPO, valued at Rs 7.48 crore, commenced its bidding phase on March 28, 2018, concluding on April 11, 2018. On April 19, 2018, the shares were officially listed on the NSE SME at an IPO price of Rs 32 per share. Narmada Agrobase IPO GMP Today is ₹21.45. Success in the Narmada Agrobase Developers IPO might open the door for other businesses of similar nature to float their shares.
The products bearing our trademarks “Churma” and “Gaay Chhaap Narmada Pashu Aahar” are manufactured and sent overseas by our company. To submit an application, a bundle of 4000 shares is needed. Retail investors should allocate a minimum of ₹128,000. The Narmada Agrobase Developers IPO work closely with management at every phase of its offering Regulatory approval means that the Company is a step closer to its IPO.
Narmada Agrobase IPO Details
| IPO Date | March 28, 2018 to April 11, 2018 |
| Listing Date | April 19, 2018 |
| Face Value | ₹10 per share |
| Price | ₹32 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,340,000 shares (aggregating up to ₹7.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 124,000 shares |
Narmada Agrobase Company Financials
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,367.01 | 1,072.64 | 896.18 | 528.13 | 5 | |
| Total Revenue | 3,444.89 | 3,070.72 | 2,203.68 | 209.69 | 0.00 | |
| Profit After Tax | 30.29 | 18.90 | 13.88 | (-2.49) | — | |
Narmada Agrobase IPO Listing Details
| Listing Date | April 19, 2018 |
| BSE Script Code | |
| NSE Symbol | NARMADA |
| ISIN | INE117Z01011 |
| Final Issue Price | ₹32 per share |
Company Profile
Founded in 2013, Narmada Agrobase Limited operates out of Gujarat and is primarily engaged in the production and processing of cottonseed meal cake, cow feed, and soya bean meal. These products play a crucial role in providing livestock with essential proteins and nutrients. Furthermore, the company’s by-products serve diverse sectors including textiles, consumer goods, and paper industries. Narmada Agrobase’s workforce comprises 9 individuals, encompassing roles ranging from Registered Office Staff to Factory Workers, with the addition of contractual laborers as per operational necessities. The demand for shares in the Narmada Agrobase Developers IPO is evidence of: confidence that it can make money and earn profits.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Narmada Agrobase Limited |
| Phone number | +91-79-4037 0886 |
| Email ID | cs@narmadaagrobase.com |
| Website | narmadaagrobase.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
