Vishwas Agri Seeds Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Vishwas Agri

CMP

74.00

+0.50 (0.68%)

  • DRHP
₹86

Offer Price

₹ 25.80 Cr

Issue Size

₹ 1,37,600

Min Investment

1,600

Lot size

Time Line

  • 21
    Mar 2024
    Open
  • 26
    Mar 2024
    Close
  • 27
    Mar 2024
    Finalisation of Basis of Allotment
  • 28
    Mar 2024
    Initiation of Refunds
  • 28
    Mar 2024
    Transfer of Shares to Demat Account
  • 01
    Apr 2024
    Listing Date

Objects of the Offer

  • Modern Automated seed processing unit at Bhayla, Ahmedabad, Gujarat.

  • Distribution network spread across western part of India.

  • Vishwas work as vocal for local approach to solove the problems faced by the local farmers.

Products & Services

  • Vishwas Agri Seeds Limited is in the business of processing quality seeds and supplying to farmers via their distribution network.

Strengths

  • Integrated Seed procssing unit with coldstorage and warehouse facility in one premise.

  • Wide range of products backed by consistant quality.

  • Experienced Promoter supported by dedicated Management team.

Risks

  • Its operations are subject to high working capital requirements. The company`s inability to maintain an optimal level of working capital required for its business may impact its operations adversely.

  • The Company has provided corporate guarantees to HDFC Bank for the loans availed by its Group Company, Vraj Hybrid Seeds Limited. In the event any of its Group Company default on any of the loans availed, the Company will be liable for the repayment obligations.

  • Its Group Company and Promoter Group entity is engaged in the similar line of business as of the Company. There are no non - compete agreements between the Company and such entities. Its cannot assure that its Promoter will not favour the interests of such entities over its interest or that the said entity will not expand which may increase its competition and may adversely affect business operations and financial condition of the Company.

  • The company is highly dependent on the sale of Groundnut seeds & Cumin seeds its business is exposed to risks related to product concentration, which could materially and adversely affect its business, financial condition, results of operations, and prospects.

  • There are no outstanding legal proceedings on the date of this draft prospectus involving the Company, however there may be possible litigation which may adversely affect it business, financial condition and results of operations.

Company Promoters

Promoters Holding

Issue For IPO
30.00%
Pre Holding

100.00%

Post Holding

70.00%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 64.86 (20.50%) 65.31 (0.70%) 55.88 (-)
Gross Profit 64.86 (20.50%) 65.31 (0.70%) 55.88 (-)
Net Income 64.86 (20.50%) 65.31 (0.70%) 55.88 (-)
Assets 64.86 (20.50%) 65.31 (0.70%) 55.88 (-)
Liabilities 64.86 (20.50%) 65.31 (0.70%) 55.88 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Vishwas Agri Seeds Ltd 65.31 5.34 33.28 18.95 55.88 0.00 20.47 1.88 0.56
Bombay Super Hybrid Seeds Ltd 227.92 16.78 132.88 132.88 29.78 1.61 5.37 12.62 0.94
Kaveri Seed Company Ltd 1,070.36 271.73 2,051.05 2,051.05 19.90 47.89 244.50 13.24 0.00
Upsurge Seeds of Agriculture Ltd 82.91 4.76 102.21 102.21 12.27 7.18 54.91 4.65 1.26

Book Running Managers

  • ISK Advisors Pvt Ltd

Registrar & Transfer Agent

Bigshare Services Pvt Ltd

Office No 56-2,
Pinnacle Busine.Park,
Mahakali Caves Road - Mumbai - 400093
Phone : 91-22-62638200 Fax: 91-22-63638299

Company Contact Information

S No 460 Gangad Road Bhayla,
Bhayla Bavla,
Ahmedabad - 382220
Phone : +91 65357 09174 Email : cs@vishwasagriseeds.com www.vishwasagriseeds.com

Offer Related Information

Initial public offer of upto 30,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Vishwas Agri Seeds Limited (the "Company" or "VASL" or "The Issuer") for cash at a price of Rs. 86 per share (including a share premium of Rs. 76 per equity share) (the "Issue Price"), aggregating to Rs. 25.80 crores ("The Issue"), of which upto 1,52,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The... More

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