Vishwas Agri Seeds Limited has announced its initial public offering on 21 March 2024. Investors looking to invest in a business of supplying and processing seeds to farmers can invest in the upcoming IPO of Vishwas Agri Seeds IPO. Read the article to know everything about Vishwas Agri Seed IPO.
Vishwas Agri Seeds Limited IPO
Vishwas Agri Seeds Limited engages in the business of Agricultural seed distribution. The company announced its IPO, giving an exciting opportunity to investors to invest in the agricultural sector of India.
The Vishwas Agri IPO applications will open on 21 March 2024 and close on 26 March 2024. The allotment of the IPO will begin on the next day of Vishwas Agri IPO closing day, 27 March 2024.
The initiation of refunds for those who have subscribed for the shares but did not get allotted the shares will begin on 28 March 2024.
The company plans to list the shares on NSE SME on a tentative date of 1 April 2024. Investors mark the following dates of Vishwas Agri IPO to not miss the opportunity to invest in the Vishwas Agri Seeds Limited IPO:
| Date | Vishwas Agri Seeds Limited IPO Events |
| 21 March 2024 | IPO Opening Date |
| 26 March 2024 | IPO Closing date |
| 27 March 2024 | Allotment of IPO |
| 28 March 2024 | Refund Initiation |
| 1 April 2024 | Listing Date |
| 26 March 2024 till 5 PM | UPI mandates confirmation cut-off time. |
Vishwas Agri Seeds Limited IPO details
This will be the first Public issue of the company with a face value of ₹10 equity shares, and the price of the issue is 86 per share. The total issue size of the Vishwas Agri IPO is 30 lakh shares which matches up to ₹25.80 crores.
The company aims to use the raised funds from the IPO in capital expenditure to set up a greenhouse, buy equipment for Seed testing laboratories, install rooftop solar plants, and other general corporate purposes.
The registrar of the Vishwas Agri IPO issue is Bigshares Services Private Limited and the book-running lead manager chosen for the Vishwas Agri IPO is Isk Advisors Private Limited.
The market maker of Vishwas Agri Seeds, Sunflower Booking holds 152,000 shares. The promoters of Vishwas Agri Seeds hold 100% shares before the IPO and after the IPO the shares will be diluted to 70%.
| Company Name | Vishwas Agri Seeds Limited |
| IPO Total Size | 30 lakh shares match up to ₹25.80 cr |
| Issue type | Fixer Price Issue |
| Lot Size | 1600 shares |
| Price band | ₹86 per equity share |
| Face Value | ₹10 per equity share |
| Fresh issue | 30 lakh shares match up to ₹25.80 cr |
| OFS | NIL |
| Listing at | NSE SME |
| Market Maker | 152,000 shares |
Vishwas Agri Seeds IPO Reservation and Lot Size
In the upcoming IPO of Vishwas Agri Seeds Limited, the company has reserved the following shares offered to the investor category:
| Investors Category | Shares offered |
| Retail | 50% of the net shares |
| Others | 50% of the net shares |
The lot market size of the Vishwas IPO is 1600 shares with a minimum investment of ₹137,600. The retail investor would need a minimum investment of ₹137,600 to invest in one lot for the Vishwas Agri IPO.
The following table shows the distribution of shares and amount for the investor categories maximum and minimum investment:
| Investor Category | Lots | Shares | Amount |
| Retail (min.) | 1 | 1600 | ₹137,600 |
| Retail (max.) | 1 | 1600 | ₹137,600 |
| HNI (min.) | 2 | 3200 | ₹275,200 |
Vishwas Agri Seeds Limited Financial Statement
The company mainly invests in crop seeds for the agricultural sector and as of now, they have produced more than 40 different fields of vegetables and crop seeds.
The revenue of the Vishwas Agri Seeds has hiked to 0.72% in the FY 2022-2023. The PAT of the company has risen to 115.43% for FY23.
Summary of the financial statement of Vishwas Agri Seeds till 30 Sep 2023:
| Key indicators | On 30 September 2023 |
| Share Capital | 700 |
| Net-worth | 1,883.90 |
| Total Revenue | 4247.49 |
| Profit After Tax | 451.01 |
| Assets | 8071.95 |
| Reserve and surplus | 1,183.90 |
The market cap of Vishwas Agri Seeds IPO is Rs 86 crore with a PAT margin of 10.62%. Investors looking to invest in the Vishwas Agri Seeds business can bid for the IPO from 21 March 2024.