Green Farm Bio-Gen Limited IPO Dates, Bid, Size, Allotment, Subscription, GMP, Listing, Price
Last Updated Date: Aug 31, 2023Let’s have a detailed review of the company and analytics of the Green Farm Bio-Gen IPO release date, IPO offer price, Green Farm IPO subscription, Green Farm Biogen Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters, and other related things. 
Green Farm Biogen Limited IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.5/10 |
| Industry Ranking | 6.1/10 |
| Company Background | 7.3/10 |
| Company Reputation | 7.2/10 |
| Competitive Edge | 6.7/10 |
| Financial Statements | 6.1/10 |
| Popularity Index | 7.4/10 |
| Promoters Reputation | 6.7/10 |
| Retail Appetite | 7.1/10 |
| Top Brokers Review | 6.9/10 |
| Overall Ratings | 6.9/10 |
| Star Ratings | ★★★★☆ |
Summary of Green Farm Biogen IPO
Company was originally incorporated as a Private Limited Company in the name and style of Green Farm Bio Gen Private Limited under the provision of the companies Act, 1956 vide certificate of incorporation dated May 12, 2009 issued by the Registrar of Companies, Dadra and Nagar Havelli, Gujarat.
The company is engaged in producing and delivering high quality seeds with specialization in spices and forage crops. At present, Company is offering a wide range of seeds categorized as ―research seeds‖ and ―hybrid seeds.
Green farm Bio Gen ltd have two more brands i.e Neelam Seeds and Buddha seeds which they are marketing through two subsidiaries Neelam seeds pvt ltd and Budhha seeds pvt ltd respectively.
In Fiscals 2017, 2018 and 2019 our revenue from operation, as per our Restated Financial Information were Rs. 1744.33 lakhs, Rs.1776.50 lakhs and Rs.1878.69 lakhs, respectively. In Fiscals 2017 and 2018 and 2019 profit after tax, as per our Restated Financial Information was Rs. 1.56 lakhs, Rs. 180.91 lakhs and Rs. 200.76 lakhs, respectively.
The Promoters of this company are MR. GOPAL LAL JAT, MR.PRAFULKUMAR CHAVDA, MS.KRITI CHODHARY AND MR.KAMAL CHOUDHARY. The lead managers to the issue are MONARCH NETWORTH CAPITAL LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
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Green Farm Biogen IPO Date
The opening and the closing date of the Green Farm Bio-Gen Limited IPO are not known yet.
Green Farm Biogen IPO Date Date Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| 4th Day – | ||||
| 5th Day – | ||||
| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Green Farm Biogen IPO Date Allotment Status
Here, you can find the Allotment Status of this IPO.
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Green Farm Bio-Gen Limited IPO Price Band or Cash Price
Rs. [•] per Equity Share
Green Farm Bio-Gen Limited IPO Issue Size
Rs. [•] per Equity Share
Green Farm Biogen IPO Size & Equity Share Offering
The Issue size comprises issuance of up to 15,96,000 Equity Shares of face value of Rs. 10 each fully paid-up for cash at price of Rs. [●] per Equity Share aggregating to Rs. [●] Lakhs.
Green Farm Bio-Gen Limited – Company Overview
Company was issued on July 24, 2018 by the Registrar of Companies, Ahmedabad and the name of Company was changed to Green Farm Bio Gen Limited. The Company’s Corporate Identification Number is U24233GJ2009PLC056900.
Green Farm Bio-Gen Limited Business Model
The Manufacturer and Supplier Company GREEN FARM BIO-GEN LIMITED was established in the year 2009 to take responsibility to strengthening the agriculture industry by dealing in premium grade Agricultural Seeds. They are instrumental in rendering a wide assortment of ISO 9001:2008 certified quality products with specialization in spices and forage crops.
Their products are widely utilized for its pure cultivation, moisture proof packaging, high yield assurance and longer shelf life. Their products are being marketed under various brand names like GF-110, GF-5222, Black-81, Golden-45, Marshal, Sona etc. Company mostly deal in Groundnut, Greengram, Pearl millet (Bajra), Maize, Blackgram, Mustard wheat, Cumin & Psyllium Husk (Isabgol) etc.
Green Farm Bio-Gen Limited Business Process
The company engaged in producing and delivering high quality seeds with specialization in spices and forage crops.Company is offering a wide range of seeds categorized as ―research seeds‖ and ―hybrid seeds. As on date, they have developed 12 varieties of seeds. Further, Company has a collection of around 31 varieties of germplasm in various crops.
Business strategies of Green Farm Bio-Gen Limited
- Continue investing in breeding and other R&D.
- Expand our marketing and distribution network to increase the sales opportunities.
- Attract and retain skilled and experienced professionals.
- Customer satisfaction
- Improving functional efficiency
- Leveraging our marketing skills and initiatives
Green Farm Bio-gen Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary of Green Farm Bio-Gen Limited IPO
On the basis of Standalone statement:-
| Amount (in INR & lakhs) | |||
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 1667.95 | 1350.37 | 665.74 |
| Total Revenue | 1,879.41 | 1,776.50 | 1,744.33 |
| Total Expense | 1,600.36 | 1,526.67 | 1,739.85 |
| Profit After Tax | 200.77 | 180.91 | 1.56 |
Earnings per Equity Share (in lakhs)
| 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | |
| Basic & Diluted | 18.86 | 20.15 | 0.22 |
From the above statements, one could find that Green Farm Bio-Gen Limited may perform well.
Green Farm Bio-Gen Limited IPO – Promoters
The Promoter of this company is:
- MR. GOPAL LAL JAT,
- MR.PRAFULKUMAR CHAVDA,
- MS.KRITI CHODHARY AND
- MR.KAMAL CHOUDHARY
List of Related Parties (Key Managerial Personnel)
- Mr. Gopal Lal Jat, Managing Director
- Mr. Praful Kumar Chavda, Whole Time Director
- Mr. Rajesh Nama, Chief Financial Officer
- Ms. Nisha Bhagat, Company Secretary & Compliance Officer
Interest in promotion of the Company
Promoter hold 30,76,776 Equity Shares aggregating to 72.26% of pre-issue Equity Share Capital in the Company and he is interested to the extent that he has promoted Company and to the extent of his shareholding in Company & dividend payable thereon, if any.
Promoter may be interested to the extent of unsecured loans granted to Company. Further, Promoter may also interested to the extent of loans.
Property Interest
None of our Promoters and members of Promoter Group do not have any interest in any property acquired by or proposed to be acquired by our Company during a period of two years prior to the filing of the Draft Prospectus.
Interest in Intellectual Rights of the Company
As on the date of filing of the Draft Red Herring Prospectus, the Company does not own any intellectual property rights.
Green Farm Bio-Gen Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Issue of Equity Shares by our Company | 15,96,000 Equity Shares of Face Value of Rs. 10/- each for Cash at a Price of Rs. [●] Per Equity Share (Including a Share Premium of Rs. [●] per Equity Share) aggregating to Rs. [●]lakhs^ |
| Of which: | |
| Market Maker Reservation Portion | 80,000 Equity Shares of Rs.10/- each for cash at a price of Rs. [●] per share aggregating Rs.50.40 lakhs |
| Net Issue to the Public | 15,16,000 Equity Shares of Rs.10/- each for cash at a price of Rs. [●] per share aggregating Rs. 955.08 lakhs |
| Of which: | |
| (A) Retail Portion | 7,58,000 Equity Shares of Rs.10/- each for cash at a price of Rs. [●] per share ( including a premium of Rs. [●] per Equity Share) will be available for allocation for allotment to Retail Individual Investors of up to Rs. [●] Lakhs |
| (B) Non – Institutional Portion | 7,58,000 Equity Shares of Rs.10/- each for cash at a price of Rs. [●] per share ( including a premium of Rs. [●] per Equity Share) will be available for allocation for allotment to Other Investors of above Rs. [●] Lakhs |
| Pre-and Post-Issue Equity Shares | 42,57,648 Equity Shares of face value of Rs.10/- each |
| Equity Shares outstanding prior to the Issue | 36,00,000 Equity Shares of face value of Rs. 10 each |
| Equity Shares outstanding after the Issue | 58,53,648 Equity Shares of face value of Rs.10/- each |
Green Farm Bio-Gen Limited IPO Issue Object
These are the IPO Issue Objects of the company
- Working Capital Requirements
- Investment in Equity Shares of Buddha Seeds Private Limited and Neelam Seeds Private Limited, a subsidiary of the Company.
- General Corporate Purpose
- Issue Expense
Green Farm Bio-Gen Limited IPO – Basis of the Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Continue investing in breeding
- Installed Capacity and Cost effective production
- Independent Execution capabilities
The relevant quantitative factors are:
On the basis of standalone statement:-
| Basic & Diluted EPS | RONW | NAV (Rs.) | |
| 31-Mar-17 | – | – | – |
| 31-Mar-18 | 37.52 | – | – |
| 31-Mar-19 | 32.23 | 36.21%% | 52.09 |
- Price to Earnings (P/E) ratio in relation to Issue Price Rs. [●] per Equity Share of Rs. 10 each fully paid up
| Particulars | P/E ratio |
| Highest | 38.89 |
| Average | 19.41 |
| Lowest | -1.44 |
- Competitive Peers:
| Companies | EPS | PE Ratio | RONW (%) | NAV (Per Share) | Face Value |
| Green Farm Bio-Gen | 18.86 | [●] | 36.21 | 52.09 | 10.00 |
| Bombay hybrid seeds | 3.24 | 38.89 | 10.07 | 31.53 | 10.00 |
| Mangalam seeds ltd | 3.11 | 17.88 | 11.31 | 31.12 | 10.00 |
| kaveri seeds Company Limited | 33.3 | 15.44 | 21.19 | 160.46 | 2 |
| Monsanto India Limited | 87.87 | 23.67 | 21.45 | 409.56 | 10.00 |
| Camson Seeds Limited | -2.02 | -1.44 | -8.51 | 23.68 | 10.00 |
Green Farm Bio-Gen Limited IPO Lead Managers
| Lead Managers |
| MONARCH NETWORTH CAPITAL LIMITED
Address – Monarch House, Opp., Ishwar Bhuvan, Commerce Six Road, Navrangpura, Ahmedabad – 380014. Tel. No. – 079 – 66000754 Website: https://www.mnclgroup.com/ Email:deepak.sharma@mnclgroup.com Investor Grievance Email: mbd@mnclgroup.com Contact Person: Mr. Deepak Sharma SEBI Regn. No. MB/ INM000011013 |
Green Farm Bio-Gen Limited IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED
Address – E-2/3, Ansa Industrial Estate, Sakivihar Road, Saki Naka, Andheri (E), Mumbai – 400072. India. Tel. No. – 022 – 62638200 Website: www.bigshareonline.com/ Email: ipo@bigshareonline.com Investor Grievance Email: investor@bigshareonline.com Contact Person: Mr. Jibu John SEBI Regn. No. INR000001385 |
Green Farm Bio-Gen Limited IPO Other Details:
- Statutory Auditor – R.Swaroop & Co. Chartered Accountants
- Peer Review Auditor – J VAGERIYA & ASSOCIATES
- Bankers to the Company – Oriental Bank of Commerce
Green Farm Bio-Gen Limited IPO Grey Market Premium
The Green Farm Bio-Gen Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Green Farm Bio-Gen Limited IPO News
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