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Vishwas Agri Seeds Ltd IPO Synopsis

An Initial Public Offering is an opportunity for investors to take part in the growth of a company. It is always better to be in the first batch of investors. The shares offered by the company get listed on the stock exchanges and can be bought and sold by investors.

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Vishwas Agri Seeds Ltd IPO

Registered Office: S No 460 Gangad Road Bhayla,Bhayla Bavla , Ahmedabad - 382220 , Gujarat , India.
Phone : +91 65357 09174   Fax:
Email :  cs@vishwasagriseeds.com  
Website :  www.vishwasagriseeds.com
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 issue less market maker reservation portion i.e. issue of upto 28,48,000 equity shares of (Rs)10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 30.00% and 28.48%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is (Rs)10 and the issue price is 8.6 time of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
21-Mar-24 26-Mar-24 (Rs)86.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1600  Further Multiples of :1600

  (Rs Cr) Lead Managers to the Issue
Project Cost 23.90
ISK Advisors Pvt Ltd
Project Financed through Current Offer 25.80  
Post Issue Equity Share Capital 10.00  
Issue Price (Rs)86.00  
 
Projects
To furnish the corporate office buildingTo install roof top solar monocrystalline panels (129.6KW)
Topurchase equipment for setting up seed testing laboratoryAdditional working capital requirement
To set-up Greenhouse (Fan-Pad System)General corporate purposes
Promoted By
Ashokbhai Sibabhai Gajera  
Bharatbhai Sibabhai Gajera  
Dineshbhai Madhabhai Suvagiya  
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd