Vishwas Agri Seeds, a company established in 2013 to provide a wide range of seeds for various crops in Gujarat and Rajasthan, has become a significant player in the seed industry.
They have decided to go public by offering shares through an initial public offering (IPO). Here’s what you need to know about the IPO
10 Things To Know Before Investing In Vishwas Agri Seeds
- IPO will be open for subscription from March 21 to March 26.
- The company aims to raise 25.60 crore rupees by issuing 30 lakh Fresh shares. The Price is set for Rs.86 per share.
- IPO will consist of only fresh shares, and no existing shares will be sold
- Promoters currently own 100% of the company, and after the IPO, it will be reduced to 70 %
- The funds will be used for capital expenditure, Furnishing the Corporate Office, setting up a Greenhouse, installing roof-top solar Monocrystalline Panels (129.6KW), setting up infrastructure and meeting working capital needs.
- The IPO is being managed by Isk Advisors Pvt Ltd, and Bigshare Services Pvt Ltd is the registrar
- The minimum amount to be invested is approximately 140,000rs or 1600 shares, and the maximum amount a retail investor can buy is 1 lot.
- HNIs can buy up to 2 lots, that’s 3200 shares or approx 280,000rs
- Allotment of shares will be done on March 27, 2024
- The company will listed on the NSE SME platform.
Vishwas Agri Seeds’ last 3 years’ financial performance & highlights
