Vishwas Agri Seeds IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

Vishwas Agri Seeds Limited IPO GMP

Vishwas Agri Seeds' IPO, valued at Rs 25.80 crores, offers 30 lakh fresh shares at a fixed price. Subscriptions open on March 21, 2024, and close on March 26, 2024. Allotment is expected by Wednesday, March 27, 2024. The IPO is scheduled to list on NSE SME with a tentative listing date set for Monday, April 1, 2024.

This offering signifies a significant opportunity for investors to participate in the company's growth and expansion plans within the agricultural sector, positioning Vishwas Agri Seeds for potential market success and development.

The IPO price of Vishwas Agri Seeds stands at ₹86 per share, with a minimum lot size set at 1600 shares. Retail investors need to invest a minimum of ₹137,600, while High Net Worth Individuals (HNI) are required to invest in 2 lots, totaling 3,200 shares, amounting to ₹275,200. This delineates the entry thresholds for both retail and HNI investors, ensuring equitable participation in the offering at their respective investment levels.

Isk Advisors Pvt Ltd serves as the book running lead manager for the Vishwas Agri Seeds IPO, with Bigshare Services Pvt Ltd appointed as the registrar. Sunflower Broking operates as the market maker for the IPO.

Refer RHP (Red Herring Prospectus) & DRHP (Draft Red Herring Prospectus) for more details.

The Offer comprises a Fresh Issue of up to ~3000000 Equity Shares, aggregating up to ₹ 25.8 crore by Company.

The Objects of the Net Issue is to raise funds for

  • Capital Expenditure
    • i). To Furnish the Corporate Office building
    • ii). To purchase equipment for setting up Seed Testing laboratory
    • iii). To set-up Greenhouse (Fan-Pad System)
    • iv). To install Roof Top Solar Monocrystalline Panels (129.6KW)
  • Additional Working Capital Requirement
  • General Corporate Purpose

Services

The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:

Step Process Timeline
1 Consultation & Eligibility Check – Our experts assess your business and required documents. 1 Day
2 Document Collection & Preparation – You share scanned copies; we prepare the application. 1–2 Days
3 Online Application Submission – Filing GST REG-01 on GST portal. 1 Day
4 ARN Generation & Verification – Acknowledgment number generated and verified. 1 Day
5 GST Officer Review – Department may seek clarification if required. 2–3 Days
6 GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. 3–5 Days Total

Estimated Total Duration: 3–5 Working Days

Services

The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:

Step Process Timeline
1 Consultation & Eligibility Check – Our experts assess your business and required documents. 1 Day
2 Document Collection & Preparation – You share scanned copies; we prepare the application. 1–2 Days
3 Online Application Submission – Filing GST REG-01 on GST portal. 1 Day
4 ARN Generation & Verification – Acknowledgment number generated and verified. 1 Day
5 GST Officer Review – Department may seek clarification if required. 2–3 Days
6 GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. 3–5 Days Total

Estimated Total Duration: 3–5 Working Days

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