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Vishwas Agri Seeds IPO
Price Band
₹
Issue Size
₹25.8 Cr
Lot Size
1,600 shares
Min Investment
₹137,600
GMP
+₹9.0 (10.47%)
Issue Price
₹86.0
Subject to Sauda
₹10900
Paid only if allotted
Vishwas Agri Seeds IPO AI Summary
- Vishwas Agri Seeds IPO is listed on NSE SME in the Other Agricultural Products sector.
- Subscription window: 21 Mar–26 Mar 2024, listing on 01 Apr 2024.
- Current GMP is +₹9.0 (10.47%) — unofficial and can change daily.
Vishwas Agri Seeds Limited is an SME IPO focused on the agricultural sector, offering a range of seeds to farmers. With a strong operational base and plans for expansion, the company presents an investment opportunity for those interested in the agricultural products sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Vishwas Agri Seeds IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 26 Mar 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Vishwas Agri Seeds IPO Grey Market Premium (GMP) Today
GMP
+₹9.0
GMP %
+10.47%
Est. Listing
₹95.0
Updated: 25 Jul 2026 14:06
About the Company
Incorporated in 2013, Vishwas Agri Seeds Limited is in the business of processing and supplying seeds to farmers via the distribution network. The company sells its seeds under the brand name "Vishwas". Vishwas Agri Seeds Limited's product portfolio includes crop seeds for Groundnut, Soybean, Wheat, Cumin, Green Gram, Black Gram Research Hybrid seeds for Cotton, Castol, Pearl Millet, Maize, hybrid vegetable seeds Chilli, Tomato, Brinjal, Watermelon, Sweet Corn, cabbage, Onion, Coriander Seeds, Fenugreek, Mustard, Lucern, Carrot, etc Vishwas Agri Seeds Limited's commercial operations of seed processing unit along with Warehouse & Cold storage facility is located in Bavla, District: Ahmedabad, Gujarat. As of March 31, 2023, the company has produced seeds for more than 40 different field crops and vegetables. Vishwas Agri Seeds Limited have a presence in Gujarat, Maharashtra, and Rajasthan. Vishwas has more than 75 varieties of Crops. The company has 18 employees who look after the marketing & sales of the products. Competitive Strengths: Integrated Seed processing unit with cold storage and warehouse facility in one premise. Wide range of products backed by consistent quality. Experienced Promoter supported by dedicated Management team.
Company Financials (₹ Cr)
As of 2023-09-30
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 80.72 | 53.52 | 33.63 | 20.96 |
| Total Income | 42.47 | 65.32 | 64.86 | 53.83 |
| Profit After Tax | 4.51 | 5.34 | 2.48 | 1.16 |
| NET Worth | 18.84 | 14.33 | 4.79 | 2.01 |
| Reserves and Surplus | 11.84 | 7.33 | 3.99 | 1.51 |
| Total Borrowing | 28.63 | 18.78 | 16.97 | 12.75 |
Key Ratios
EPS
₹16.98
NAV
₹26.91
ROE
27.20%
ROCE
14.60%
RoNW
23.94%
P/B Value
3.20
P/E Ratio
5.06
Market Cap
₹86.00 Cr
PAT Margin
10.62%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Upsurge Seeds Of Agriculture Limited | 54.91 | 12.28% | 43.93 | 7.18 | 7.18 |
| Kaveri Seed Company Ltd. | 245.6 | 18.58% | 14.81 | 46.35 | 46.35 |
| Bombay Super Hybrid Seeds Limited | 5.37 | 19.44% | 128.79 | 1.61 | 1.61 |
| Vishwas Agri Seeds Limited This IPO | 20.47 | 55.88% | 5.06 | 16.98 | 16.98 |
Promoters
Ashokbhai Sibabhai Gajera, Bharatbhai Sibabhai Gajera and Dineshbhai Madhabhai Suvagiya & Others
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital expenditure i). To Furnish the Corporate Office building 4.00 2 Capital expenditure ii). To purchase Equipments for setting up Seed Testing laboratory 1.50 3 Capital expenditure iii) To set-up Greenhouse (Fan-Pad System). 1.50 4 Capital expenditure iv) To install Roof Top Solar Monocrystalline Panels (129.6KW) 0.60 5 Additional Working Capital Requirement 11.00 6 General Corporate Purpose 5.30
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹53.83 Cr in the year ending 31 Mar 2021, rising to ₹64.86 Cr by 31 Mar 2022, and slightly declining to ₹64.32 Cr in the year ending 31 Mar 2023. However, the most recent figure of ₹42.47 Cr as of 30 Sep 2023 is not directly comparable as it represents a 9-month period.
Profit Trend
Profit After Tax was ₹1.16 Cr in the year ending 31 Mar 2021, increasing to ₹2.48 Cr by 31 Mar 2022, and further rising to ₹5.34 Cr in the year ending 31 Mar 2023. The latest figure of ₹4.51 Cr as of 30 Sep 2023 is also a 9-month figure, making it not directly comparable to the full-year figures.
Valuation
Vishwas Agri Seeds Limited has an implied P/E ratio of 5.06 at the issue price, compared to peers trading at P/E ratios ranging from 14.81 to 128.79.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the demand for an IPO, reflecting the price at which shares are expected to trade in the grey market before they are officially listed. A higher GMP usually indicates strong demand and potential listing gains.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their financial goals and risk appetite. It's essential to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable returns may want to avoid this IPO, as it operates in a sector that can be affected by agricultural conditions and market fluctuations.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is on 21 March 2024, and it will close on 26 March 2024. Allotment of shares will be done on 27 March 2024, with the listing date scheduled for 1 April 2024.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange. However, these gains are not guaranteed and depend on market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Vishwas Agri Seeds's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Vishwas Agri Seeds IPO GMP today?
Vishwas Agri Seeds IPO GMP today is +₹9.0 (10.47%). GMP is an unofficial grey-market indicator and can change daily.
When does Vishwas Agri Seeds IPO open and close?
Vishwas Agri Seeds IPO opens on 21 March 2024 and closes on 26 March 2024.
When does Vishwas Agri Seeds IPO list on the stock exchange?
Vishwas Agri Seeds IPO listed on 01 April 2024 at ₹95.0.
What is the lot size for Vishwas Agri Seeds IPO?
The lot size for Vishwas Agri Seeds IPO is 1600 shares, requiring a minimum investment of ₹137,600.
What is the issue price of Vishwas Agri Seeds IPO?
The issue price is ₹86.0.
What is the lot size for the IPO?
The lot size is 1600 shares.
What is the minimum investment required?
The minimum investment required is ₹137,600.
When will the IPO open and close for subscription?
The IPO will open on 21 March 2024 and close on 26 March 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the shares in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
21 Mar 2024
Close
26 Mar 2024
Allotment
27 Mar 2024
Listing
01 Apr 2024
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