Vishwas Agri Seeds Limited IPO (Vishwas Agri Seeds IPO) Detail: March 21, 2024

Vishwas Agri Seeds Limited IPO (Vishwas Agri Seeds IPO) Detail: March 21, 2024 - March 26, 2024

Looking for a promising investment opportunity? Dive into the details of Vishwas Agri Seeds Limited IPO, scheduled from March 21, 2024, to March 26, 2024. This IPO presents a fixed price issue of Rs 25.80 crores, exclusively through a fresh issue of 30 lakh shares.

Key IPO Details:

- Opening and Closing Dates: March 21, 2024 - March 26, 2024

- Allotment Date: Wednesday, March 27, 2024

- Listing Date: Monday, April 1, 2024

- Price per Share: ₹86

- Minimum Lot Size: 1600 Shares

- Minimum Retail Investment: ₹137,600

About Vishwas Agri Seeds Limited:

Established in 2013, Vishwas Agri Seeds Limited is a prominent player in the seed processing and supply industry. Operating under the brand name "Vishwas," the company offers a diverse range of seeds for various crops, including Groundnut, Soybean, Wheat, and many more. With a robust distribution network and a comprehensive product portfolio, Vishwas Agri Seeds Limited has established its presence across Gujarat, Maharashtra, and Rajasthan.

Competitive Strengths:

- Integrated seed processing unit with advanced facilities.

- Wide product range known for consistent quality.

- Experienced promoters and dedicated management team.

Financial Performance:

Vishwas Agri Seeds Limited has showcased impressive financial growth, with revenue and profit after tax witnessing significant increases over the years.

- Revenue (FY22 - FY23): ₹3,362.93 Lakhs to ₹6,532.18 Lakhs

- Profit After Tax (FY22 - FY23): ₹247.94 Lakhs to ₹534.14 Lakhs

Objectives of the Issue:

The IPO aims to raise funds for various purposes, including capital expenditure for infrastructure enhancement, additional working capital requirements, and general corporate purposes.

Expert Reviews:

According to Dilip Davda, Vishwas Agri Seeds Limited exhibits strong potential, with completed expansions and proposed infrastructural developments poised to drive top and bottom-line growth. With the issue priced reasonably based on FY24 annualized earnings, investors are advised to consider this opportunity for medium to long-term rewards.

Don't Miss Out:

Mark your calendar for the Vishwas Agri Seeds Limited IPO from March 21, 2024, to March 26, 2024. Take advantage of this opportunity to invest in a promising player in the agricultural sector and unlock potential returns for your portfolio.

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