The Vishwas Agri Seeds Limited IPO date has been confirmed from March 21, 2024 and closes on March 26, 2024. Read the post to learn about Vishwas Agri Seeds Limited IPO GMP.
Get ready to invest! Vishwas Agri Seeds Limited Developers IPO is making waves with a fixed price offering of Rs 25.80 crores. At ₹86 per share, the minimum lot size stands at 1600 shares, requiring a minimum investment of ₹137,600 for retail investors. High-net-worth individuals (HNIs) need to double up, investing ₹275,200 for 2 lots. The Vishwas Agri Seeds Limited’s IPO is an opportunity for investors to diversify portfolios and tap into fresh growth venues.
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Bidding Dates
March 21-26
Price Range
₹86 per share
Face Value
₹10 per share
GMP
₹9
Vishwas Agri Seeds Limited IPO GMP
The Vishwas Agri Seeds Limited IPO GMP Today is ₹9.
IPO Overview
Circle March 21, 2024, on your calendars for the Vishwas Agri Seeds IPO debut! Valued at Rs 25.80 crore, the IPO will offer 30 lakh shares. Subscription window closes on March 26, 2024, with allocations expected by March 27, 2024. Look out for the IPO’s listing on NSE SME starting April 1, 2024. The Company’s IPO underwriters strive to ensure a smooth and successful offering.
Ready to explore Vishwas Agri Seeds’ IPO? Well, the starting price per share stands at ₹86. Vishwas Agri Seeds Limited IPO GMP Today is ₹NA. But here’s the catch: you’ll need to commit to a minimum of 1600 shares. For retail investors, this implies a minimum investment of ₹137,600. Now, if you’re an HNI eyeing a piece of the action, you’ll need to double that with a minimum of ₹275,200 for two lots, totaling 3,200 shares. The Vishwas Agri Seeds’ IPO also makes useful reading in shedding light on its industry, market position or competitive advantages.
Vishwas Agri Seeds Limited IPO Details
| IPO Date | March 21, 2024 to March 26, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹86 per share |
| Lot Size | 1600 Shares |
| Total 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 |
Vishwas Agri Seeds Limited Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 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 After Tax | 451.01 | 534.14 | 247.94 | 116.30 |
| Net Worth | 1,883.90 | 1,432.89 | 478.75 | 200.81 |
| Reserves and Surplus | 1,183.90 | 732.89 | 398.75 | 150.81 |
| Total Borrowing | 2,862.87 | 1,877.88 | 1,697.17 | 1,275.08 |
| Amount in ₹ Lakhs | ||||
Vishwas Agri Seeds Limited IPO Timeline
| IPO Open Date | Thursday, March 21, 2024 |
| IPO Close Date | Tuesday, March 26, 2024 |
| Basis of Allotment | Wednesday, March 27, 2024 |
| Initiation of Refunds | Thursday, March 28, 2024 |
| Credit of Shares to Demat | Thursday, March 28, 2024 |
| Listing Date | Monday, April 1, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 26, 2024 |
Company Profile
Established in 2013, Vishwas Agri Seeds Limited has emerged as a prominent distributor facilitating farmers’ access to high-quality seeds. The trusted “Vishwas” brand is synonymous with excellence in agriculture. It’s mainly a matter of patience for investors who are prepared to take advantage of the company’s IPO. You need only to choose a high-growth industry and invest in one of its promising high-fliers. Hybrid seeds: Cotton, Castol, Pearl Millet, Maize; hybrid vegetable seeds: Cabbage, Onion, Mustard, Fenugreek, Carrot, Tomato, Brinjal, Watermelon, Sweet Corn, etc. The commercial seed processing
centre, warehouse, and cold storage facility of Vishwas Agri Seeds Limited are situated at Bavla, District: Ahmedabad, Gujarat. By March 31, 2023, Vishwas Agri Seeds Limited had hit a big milestone. They’d grown seeds for more than 40 different crops and veggies. With offices in Rajasthan, Maharashtra, and Gujarat, they’ve set up shop in key farming zones. They offer around 75 crop varieties, showing their commitment to pushing agriculture forward. Backing up their sales and marketing efforts is a team of eighteen skilled folks.
Competitive Strengths:
- Integrated Seed processing unit with cold storage and warehouse facility in one premise.
- Wide range of products backed by consistent quality.
- Experienced Promoter supported by dedicated Management team.
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 | Vishwas Agri Seeds Limited |
| Phone number | +91 6535709174 |
| Email ID | cs@vishwasagriseeds.com |
| Website | vishwasagriseeds.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.
