Vishwas Agri Seeds IPO: Open/Close Date, Price, Lot Size, Allotment & Subscription

Q: What minimum lot size can retail investors subscribe to?

The lot size for the IPO will be 1,600 shares per lot .

IPO Details

Bidding Dates

20 Mar '24 - 25 Mar '24

Minimum Investment

₹ 137,600 / 1 Lot ( 1600 Shares )

Price Range

₹86

Maximum Investment

₹ 137,600 / 1 Lot ( 1600 Shares )

Retail Discount

Not Applicable

Issue Size

₹25.80 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

IPO Dates

Important dates with respect to IPO allotment and listing

Opening Date

Mar 20, 2024

Closing Date

Mar 25, 2024

Basis of Allotment

Mar 26, 2024

Initiation of Refunds

Mar 27, 2024

Credit of Shares to Demat

Mar 27, 2024

Listing Date

Mar 31, 2024

Cut-off time for UPI mandate confirmation

Mar 25, 2024

IPO Subscription Status Live

Investor Category	Subscription (Times)
Non-Institutional Buyers	0.02
Retail Investors	0.33
Total	0.18

About Vishwas Agri Seeds Ltd

Vishwas Agri Seeds Ltd started its business in the city of Gondal near Rajkot, Gujarat in year 2009. Initially started with a small-scale seed processing unit in Gondal, Rajkot. Today Vishwas Agri Seeds Limited is in the business of processing quality seeds and supplying them to farmers via their distribution network. The company sells its seeds under the brand name "Vishwas".

Their seeds processing unit is equipped with an optical sorting machine, which detects unwanted colours, subtle discolouration, size and shape defects, and foreign materials. Further, their seeds undergo a seed treatment process where seeds are processed by application of fungicide, insecticide, or a combination of both, so as to disinfect them from seed-borne or soil-borne pathogenic organisms and storage insects. As of March 31, 2023, they produced seeds for more than 40 different field crops, and vegetables. They have a presence in the states of Gujarat, Maharashtra, and Rajasthan via their sales and distribution network.

The seed industry in India has reached $6.3 billion in 2022. In the coming years, the market is set to reach $12.7 billion by 2028, exhibiting a CAGR of 12.43% during 2023-2028. An organised player like Vishwas Agri Seeds can benefit from such an expansion of the industry.

Vishwas Agri Seeds Ltd IPO Details

Vishwas Agri Seeds Ltd IPO Dates

The dates for bidding for the Vishwas Agri Seeds IPO are March 21, 2024 to March 26, 2024.

Vishwas Agri Seeds Ltd IPO Price Band

Vishwas Agri Seeds is a fixed price IPO. The exact price is ₹86 per share.

Vishwas Agri Seeds Ltd IPO Lot Size

The Vishwas Agri Seeds Ltd IPO lot size is 1,600 shares per lot.

Vishwas Agri Seeds Ltd IPO Objectives

The net proceeds from the IPO are proposed to be utilised towards the following objectives:

Capital Expenditure to:
- Furnish the corporate office building
- Purchase equipment for setting up Seed Testing Laboratory
- Set up a Greenhouse (Fan-Pad System)
- Install Roof Top Solar Monocrystalline Panels with a capacity of 129.6KW.
Additional working capital
General corporate purposes.

Peer Details

The following are the listed peer companies of Vishwas Agri Seeds in India:

Bombay Super Hybrid Seeds Limited
Kaveri Seed Company Limited
Upsurge Seeds of Agriculture Limited

How To Check the Allotment Status of the Vishwas Agri Seeds Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Vishwas Agri Seeds Ltd

Registered office: Near Toll Tax, S. No. 460, Gangad Road, Bhayla, Ahmedabad, Bavla, Gujarat, India. - 382220

Phone: +91 6535709174

E-mail: cs@vishwasagriseeds.com

IPO Financials

Particulars	Year Ending on March 31, 2023	Year Ending on March 31, 2022	Year Ending on March 31, 2021
Total Revenue (in ₹ lakh)	6,532.19	6,485.80	5,382.66
Net Profit (in ₹ lakh)	534.14	247.94	116.3
ROCE	23.84%	19.99%	15.23%
ROE	55.88%	72.97%	81.52%

Know before investing

Strengths

Their seeds processing unit is equipped with automated seed sorting, grading and packing machines. Their seeds processing facility includes warehousing and cold storage facilities to store seeds. It helps them meet the demand as per the sowing season.
The company offers a wide range of seeds that includes Groundnut, cotton, Wheat, Cumin, Onion, Coriander, Mustard, corn, etc. They regularly add new product variants which helps them to cater to the needs of a wide range of customers.

Risks

Their operations are subject to high working capital requirements. Their inability to maintain an optimal level of working capital required for the business may impact their operations adversely.
The sale of Groundnut seeds is the largest contributor towards their total revenue and contributed 46.82%, 60.45% & 37.11% to their revenue from operations in Fiscal 2023, Fiscal 2022 and Fiscal 2021, respectively. This presents over-dependence on a single crop for a large part of their revenue.