Vishwas Agri Seeds Ltd started its business in the city of Gondal near Rajkot, Gujarat in the 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. Their Company sells its seeds under the brand name “Vishwas”. Their seeds processing unit is equipped with an optical sorting machine, which detects unwanted colors, subtle discoloration, 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, to seeds to disinfect them from seed-borne or soil-borne pathogenic organisms and storage insects.
Initially company started a seeds processing unit at Plot no. 61 Near Akshar Solar Jamvadi GIDC 2 Gondal, Rajkot- 360311, Gujarat, India. The company ceased its operations in Rajkot Unit in June 2023 to migrate to its own larger facility in Ahmedabad. In July 2023, the Company started commercial operations of a seed processing unit along with a Warehouse & Cold storage facility at Unit No. 3 New R.S No. 460, Village: Bhayla, Taluka: Bavla, District: Ahmedabad, Gujarat. The said processing unit, equipped with modern technology is spread across 5 acres.
The company has availed a term loan of Rs. 11.51 Crores from HDFC bank via a sanction letter dated June 22, 2022, to construct the factory shed, and to build Cold Storage, Warehouse, and Machinery of seed processing unit. The said unit is also equipped with warehousing for storing 4200 MT (Metric ton) capacity of stock and a cold storage facility to store 3000 MT of stock. Further, the company is in the process of setting up its corporate office building within the premises of the said seed processing unit. The company is also planning to set up an in-house seed testing Laboratory which will help us to improve the quality of our existing products, and come up with new products and their variants.
Objects of the Issue:
- Capital Expenditure to
- To Furnish the Corporate Office building
- To purchase Equipments for setting up Seed Testing laboratory
- To set-up Greenhouse (Fan-Pad System)
- To install Roof Top Solar Monocrystalline Panels (129.6KW)
- Additional Working Capital Requirement
- General Corporate Purpose
Vishwas Agri Seeds IPO Review
- May Apply
Vishwas Agri Seeds IPO Date & Price Band Details
| IPO Open: | March 21, 2024 |
| IPO Close: | March 26, 2024 |
| IPO Size: | Approx ₹25.80 Crores, 3,000,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹86 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Vishwas Agri Seeds IPO Market Lot
The Vishwas Agri Seeds IPO minimum market lot is 1600 shares with a ₹137,600 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹137,600 |
| Retail Maximum | 1 | 1600 | ₹137,600 |
| S-HNI Minimum | 2 | 3200 | ₹275,200 |
Vishwas Agri Seeds IPO Dates
The Vishwas Agri Seeds IPO date is March 21 and the IPO close date is March 26. The IPO allotment date is March 27 and the IPO might list on April 1.
| IPO Open Date: | March 21, 2024 |
| IPO Close Date: | March 26, 2024 |
| Basis of Allotment: | March 27, 2024 |
| Refunds: | March 28, 2024 |
| Credit to Demat Account: | March 28, 2024 |
| IPO Listing Date: | April 1, 2024 |
You can check IPO subscription status and IPO allotment status on their respective pages.
Vishwas Agri Seeds IPO Form
How to apply Vishwas Agri Seeds IPO? You can apply Vishwas Agri Seeds IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Vishwas Agri Seeds IPO in the Invest section. The other option you can apply Vishwas Agri Seeds IPO via IPO forms download via the NSE website. Check out the Vishwas Agri Seeds forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Vishwas Agri Seeds Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹53.83 | ₹52.21 | ₹1.16 |
| 2022 | ₹64.86 | ₹61.54 | ₹2.48 |
| 2023 | ₹65.32 | ₹58.18 | ₹5.34 |
| 2023 6M | ₹42.47 | ₹36.43 | ₹4.51 |
Vishwas Agri Seeds IPO Valuation – FY2023
Check Vishwas Agri Seeds IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹16.98 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 37.28% |
| Net Asset Value (NAV): | ₹20.47 per Equity Share |
Peer Group
- Bombay Super Hybrid Seeds Limited
- Kaveri Seed Company Limited
- Upsurge Seeds of Agriculture Limited
Company Promoters
- Mr.Ashokbhai Sibabhai Gajera
- Mr. Bharatbhai Sibabhai Gajera
- Mr.Dineshbhai Madhabhai Suvagiya
Vishwas Agri Seeds IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Vishwas Agri Seeds IPO Allotment Status
Check Vishwas Agri Seeds IPO allotment status on Bigshare website URL. Click Here
Vishwas Agri Seeds IPO Lead Managers aka Merchant Bankers
- Isk Advisors Pvt Ltd
Company Address
Vishwas Agri Seeds Limited
Near Toll Tax,
S. No. 460, Gangad Road, Bhayla
Ahmedabad, Bavla, Gujarat, India. – 382220
Phone: +91 6535709174
Email: [email protected]
Website: http://www.vishwasagriseeds.com/
