Vishwas Agri Seeds Limited IPO GMP Review: This IPO, which is going to open from March 21, is a fixed price issue IPO whose total size is Rs 25.80 crore. The company is issuing fresh issue of 30 lakh shares through this IPO. Investors can apply for this IPO from March 21 to March 26, 2024. You will see this IPO listed on SME, NSE exchange on Monday 1st April. Let us know the complete details of this IPO.
Vishwas Agri Seeds Limited IPO Detail
| IPO Name | Vishwas Agri Seeds Limited |
| IPO Start Date | 21-Mar-24 |
| IPO End Date | 26-Mar-24 |
| Price Band | 86 per share (Fixed) |
| Lot Size | 86 Shares |
| Face Value | Rs 10 per share |
| Total Issue | Size 3,000,000 Shares |
| Fresh Issue | Shares 3,000,000 Shares |
| Shares Allotment | Date Wednesday, March 27, 2024 |
| Refund Date | Thursday, March 28, 2024 |
| Demat Transfer | Thursday, March 28, 2024 |
| Listing Date | Monday 1 April 2024 |
| UPI Cut Off Time | 26-03-2024 17:00 |
| Listing Exchange | Name SME, NSE |
Vishwas Agri Seeds Limited IPO Category Wise Lot Size
| Category | Lots | Shares | Total | Amount |
| Retail | (Min.) | 1 | 1600 | 1,37,600 |
| Retail | (Max.) | 1 | 1600 | 1,37,600 |
| HNI | (Min.) | 2 | 3,200 | 2,75,200 |
Vishwas Agri Seeds Limited IPO Company Information
The promoters of this company are Ashokbhai Sibabhai Gajera, Bharatbhai Sibabhai Gajera, Dineshbhai Madhabhai Suvagiya. Incorporated in 2013, this company works to supply seeds to farmers through distribution network. The company sells seeds under its brand name Vishwas Agri Seeds Limited. The company sells seeds of Wheat, Cumin, Green Gram, Black Gram Research Hybrid Seeds Cotton, Castor, Pearl Millet, Onion, Sweet Corn etc.
With the money raised from IPO, this company will work on setting up a green house and purchasing equipment for the seed testing laboratory. Along with this, the work of installing roof solar panels will also be done.
Financial information of Vishwas Agri Seeds Limited Company
| Period | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Earning | 6532.18 LAKH | 6485.8 lakh | 5382.66 lakh |
| Profit after tax | 534.14 lakh | 247.94 lakh | 116.3 lakh |
| Net Worth | 1432.89 lakh | 478.75 lakh | 200.81 lakh |
| Assets | 5351.89 lakh | 3362.93 lakh | 2095.59 lakh |
| Borrowing | 1877.88 lakh | 1697.17 lakh | 1275.08 lakh |
Vishwas Agri Seeds Company’s ROE is 27.20% and ROCE is 14.60%.
Vishwas Agri Seeds Limited IPO GMP
| IPO CLOSE DATE | IPO PRICE | LATEST GMP | ESTIMATED LISTING GAIN |
| 26-Mar-24 | 86 | 0 | 86(0%) |
Is Vishwas Agri Seeds Limited IPO good or bad?
This IPO is going to open from March 21 and its GMP and demand will be known after the IPO opens. The financial condition of the company is good and the company is also making profit. If multiple times subscription of this IPO and GMP is sustained above 50% then this IPO will be considered good for investment.
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