The ShreeOswal Seeds & Chemicals date has been confirmed from June 7, 2018 and ended on June 12, 2018.
ShreeOswal Seeds & Chemicals Developers IPO is a fixed price issue of Rs 11.90 crores. The price band is set at ₹25 to ₹26 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹104,000.
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Bidding Dates
June 7-12
Price Range
₹25 to ₹26 per share
Face Value
₹10 per share
GMP
₹56.65
ShreeOswal Seeds & Chemicals IPO GMP
The ShreeOswal Seeds & Chemicals IPO GMP is ₹56.65.
IPO Overview
The ShreeOswal Seeds & Chemicals IPO is a book-built offering for Rs 11.90 crores. Bidding for the ShreeOswal Seeds & Chemicals IPO began on June 7, 2018 and finished on June 12, 2018. ShreeOswal Seeds & Chemicals IPO allotment was completed on Friday, June 15, 2018. On June 20, 2018, the shares were listed on the NSE SME. The price band for ShreeOswal Seeds & Chemicals’ IPO is established at ₹25 to ₹26 per share. A lot size of 4000 shares is required for an application. Retail investors must make a minimum commitment of ₹100,000.
Strengths of the Company-
- A diverse portfolio of seeds products
- Wide distribution network across many states
- Established brand name of OSWAL
ShreeOswal Seeds & Chemicals IPO Details
| IPO Date | June 7, 2018 to June 12, 2018 |
| Listing Date | June 20, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹25 to ₹26 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,576,000 shares (aggregating up to ₹11.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 232,000 shares |
ShreeOswal Seeds & Chemicals Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 2,734.88 | 2,489.88 | 3,009.15 | 2,843.94 | 1,479.95 | |
| Total Revenue | 4,300.12 | 3,887.04 | 5,860.25 | 3,350.11 | 2,254.33 | |
| Profit After Tax | 102.39 | 32.21 | 30.98 | 17.71 | 12.50 | |
ShreeOswal Seeds & Chemicals IPO Timeline
| IPO Open Date | Thursday, June 7, 2018 |
| IPO Close Date | Tuesday, June 12, 2018 |
| Basis of Allotment | Friday, June 15, 2018 |
| Initiation of Refunds | Monday, June 18, 2018 |
| Credit of Shares to Demat | Tuesday, June 19, 2018 |
| Listing Date | Wednesday, June 20, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 12, 2018 |
Company Profile
ShreeOswal Seeds and Chemicals Limited, situated in Madhya Pradesh, was founded in 2002 and is an ISO 22000:2005 certified firm engaged in the production, processing, and marketing of various agricultural seeds such as wheat, maize, soybean, mustard, and so on. The Company processes a variety of seeds at its processing facility in Neemuch, Madhya Pradesh. It processes 5 types of wheat seeds, 5 types of soya bean seeds, 3 types of mustard seeds, 1 kind of black gramme, 1 type of maize seeds and 1 type of isabgol/psyllium. The goods are
offered under the OSWAL brand. The majority of sales are generated by its own brand, which contributed 66.00%, 85.32%, and 95.25% of total sales for the fiscal years ending March 31, 2015, and 2016. ShreeOswal’s consumer base is diverse, encompassing states such as Bihar, Jharkhand, Maharashtra, Madhya Pradesh, Rajasthan, Uttar Pradesh, Delhi, and Punjab. The company operates through a network of distributors and dealers and has relationships with over 114 of them.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | ipo.bigshareonline.com |
Contact Details
| Name | ShreeOswal Seeds & Chemicals Limited |
| Phone number | +91 7423-297006 |
| Email ID | info@oswalseeds.com |
| Website | oswalseeds.com |
IPO Strenghts
- 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.
