Vishwas Agri Seeds Limited IPO GMP, Review, Apply or not?

Vishwas Agri Seeds Limited IPO

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.

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Vishwas Agri Seeds Limited IPO GMP, Review, Apply or not

Vishwas Agri Seeds Limited IPO Detail

IPO NameVishwas Agri Seeds Limited
IPO Start Date21-Mar-24
IPO End Date26-Mar-24
Price Band86 per share (Fixed)
Lot Size86 Shares
Face ValueRs 10 per share
Total IssueSize 3,000,000 Shares
Fresh IssueShares 3,000,000 Shares
Shares AllotmentDate Wednesday, March 27, 2024
Refund DateThursday, March 28, 2024
Demat TransferThursday, March 28, 2024
Listing DateMonday 1 April 2024
UPI Cut Off Time26-03-2024 17:00
Listing ExchangeName SME, NSE

Vishwas Agri Seeds Limited IPO Category Wise Lot Size

CategoryLotsSharesTotalAmount
Retail(Min.)116001,37,600
Retail(Max.)116001,37,600
HNI(Min.)23,2002,75,200

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

Period31-Mar-2331-Mar-2231-Mar-21
Earning6532.18 LAKH6485.8 lakh5382.66 lakh
Profit after tax534.14 lakh247.94 lakh116.3 lakh
Net Worth1432.89 lakh478.75 lakh200.81 lakh
Assets5351.89 lakh3362.93 lakh2095.59 lakh
Borrowing1877.88 lakh1697.17 lakh1275.08 lakh

Vishwas Agri Seeds Company’s ROE is 27.20% and ROCE is 14.60%.

Vishwas Agri Seeds Limited IPO GMP

IPO CLOSE DATEIPO PRICELATEST GMPESTIMATED LISTING GAIN
26-Mar-2486086(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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