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
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
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