SeedWorks International Submitted DRHP to the SEBI for IPO

Telangana-based Seed Works International filed DRHP with SEBI for an IPO launch. Moreover, this IPO consists of OFS up to Rs 5.19 Equity shares processed by Promoters. Seed Works International is going to launch on the BSE and NSE stock exchanges. This OFS has a face value of Rs 2 for each share. 

In this IPO, a minimum 50% offer is allocated for QIBs,15% for Non-institutional investors, and 35% for RII. 

As this is OFS, the company will not receive any proceeds from it, all the money would given to promoters. Moreover, the employee reservation portion will be added to the IPO. 

True North Fund V LLP is offered 3.99 crore shares for selling in this OFS while, South Asia Growth Fund II Holdings LLC is selling up to 1.09 crore shares. Dr. Balaji Manmohan Nukal is selling up to 10.44 lakh shares and last, South Asia EBT Trust has decided to sell 82,055 shares in this IPO. 

DAM Capital Advisors Ltd., Equirus Capital Pvt. Ltd., and SBI Capital Markets Ltd. are the book-running lead managers for the issue. While KFin Technologies Ltd. 

Financially, Seed Works International represents satisfactory revenue, which is increased in contrast to 2023. In 2024, revenue was ₹522.69 crore, while ₹488.31 crore in FY23, means 7.05% is surged. For the six months ending September 30, 2024, PAT 70.25 crore. 

SeedWorks International was founded in 1998 and started a business of research, production, and marketing of hybrid seeds. Along with that, the company also provides seeds for crops such as rice, cotton, pearl millet, mustard, vegetables, and fruits and for Naturally-pollinated variety crops like rice, wheat, and mustard. 

Also, it has a strong supply chain system designed to improve every part of the process and adjust to changing market needs. 

From production and distribution to the final planting is done by farmers, as well as there are many factors that ake the seed supply chain complex. 

From production and distribution to the final planting by farmers, many factors make the seed supply chain complex.

SeedWorks International IPO Prospectus:

SeedWorks International Company Financial Report

Amount ₹ in Crores

SeedWorks International IPO Valuation – FY2024

SeedWorks International IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group Comparison

Objects of the Issue

• To be updated soon

IPO Lead Managers aka Merchant Bankers

• Equirus Capital Private Limited
• DAM Capital Advisors Limited
• SBI Capital Markets Limited