Narmada Bio-chem Limited IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 18, 2022| Face Value | Rs 10 |
| Price Band | Rs NA |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs NA MILLION |
| Fresh Issue | Rs NA MILLION |
| IPO Size | Rs NA MILLION |
| Tick Size | NA |
Narmada Bio-chem IPO is listed at NA% premium, check out the live share price by clicking on the below link.
Summary of Narmada Bio-chem Limited IPO
Narmada Bio-chem Limited also trade in chemical compounds and organic fertilisers. The Company started with manufacturing of different grades of NPK fertilizers.
Over the years, they have widened their product base and at present their product portfolio includes different types of chemical and organic fertilizers.
It includes various grades of NPK, Single Super Phosphate (powdered and granulated), organic manure, PROM, mix micro nutrients, water soluble fertilizers, soil conditioners, etc. The face value of the Equity Shares is Rs. 10/- and the Issue Price is X.
The Promoter of this company is Mr Dineshbhai Dhirubhai Patel . The lead manager to the issue is Pantomath Capital Advisors Private Limited and the Registrar to this issue is Karvy Computershare Private Limited .
Narmada Bio-chem Limited IPO Date
The opening and the closing date of Narmada Bio-chem Limited IPO is not known yet.
Narmada Bio-chem Limited IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd 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.
Narmada Bio-chem Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders.
However, the Allotment status is not yet disclosed.
Narmada Bio-chem Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
Narmada Bio-chem IPO Price Band / Cash Price
The face value of each share is Rs 10, but the price band of the IPO is Rs [●].
Narmada Bio-chem IPO Equity Size
This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] million.
Narmada Bio-chem IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs.[●] million,
Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.[●] million
Offer for Sale: Offer for sale consists of Up to [●] Equity Shares of face value of Rs.10 each, aggregating Rs.[●] million.
Narmada Bio-chem IPO – Live Performance
The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.
Narmada Bio-chem IPO Grey Market Premium
The Narmada Bio-chem Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Narmada Bio-chem Limited – Company Overview
Narmada Bio-chem Limited also trade in chemical compounds and organic fertilisers. The Company started with manufacturing of different grades of NPK fertilizers.
Over the years, they have widened their product base and at present their product portfolio includes different types of chemical and organic fertilizers viz. various grades of NPK, Single Super Phosphate (powdered and granulated), organic manure, PROM, mix micro nutrients, water soluble fertilizers, soil conditioners, etc.
The face value of the Equity Shares is Rs. 10/- and the Issue Price is nil times of the face value.
The Company currently have four production facilities: Unit I & II at Changodar, Ahmedabad, Unit III at Malarpura, Kheda and Unit IV at Kalyangadh, Bavla, Ahmedabad.
As at March 31, 2018, these four facilities have a combined installed capacity of around 3,02,000 MT per annum.
Each of their manufacturing facilities has the ability to manufacture different type of products, which provides them with the necessary flexibility to cater to changing demands in the market.
They conduct in house test and check activities to improve their production processes, improve the quality of their product range and develop new products according to market demand.
The Company is promoted by Mr Dineshbhai Dhirubhai Patel and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Narmada Bio-chem Limited:
- Expertise in manufacture of Organic fertilizers
- Wide product range
- Widespread distribution network
- Experienced promoters and dedicated management team
- History of repeat orders
- Location advantage
Business strategies of Narmada Bio-chem Limited:
- Expand our domestic presence and explore international markets At present, we have a widespread distribution network of more than 750
- Capitalise on growing demand for organic fertilisers
- Continue to improve operating efficiencies through technology enhancements
- Enhance our product base
Narmada Bio-chem Limited – Financial Statements
A quick look into the past financial performance of the company is to understand its performance of business and evaluate the growth prospectus.
Financial Summary:
| Assets (in INR & Millions) | ||||
| 30-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | – | – | – | – |
| Total Revenue | – | – | – | – |
| Total Expense | – | – | – | – |
| Profit After Tax | – | – | – | – |
Earnings per Equity Share (in Millions)
| Earning per Equity Share (in INR) | ||||
| 30-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Basic | ||||
| Diluted | ||||
From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,
- Total revenue decreased by Rs. 28.54 Millions i.e. 1.63% from Rs. 1,745.11 Millions in the fiscal year ended March 31, 2017 to Rs. 1,716.57 Millions in the fiscal year ended March 31, 2018. Total revenue increased by Rs. 537 Millions i.e. 30.77% from Rs.2,282.40 Millions in the fiscal year ended March 31, 2016 to Rs.1,745.11 Millions in the fiscal year ended March 31, 2017.
- For the Fiscals 2018, 2017 and 2016, the revenue from operations was Rs. 1,733.49 Millions, Rs. 1,764.17 Millions and Rs. 2,308.14 Millions respectively.
- In Fiscals 2018, 2017 and 2016, they recorded EBITDA of Rs. 173.21 Millions, Rs. 103.21 Millions and Rs. 194.32 Millions, respectively.
- Net Profit has increased by Rs. 47.64 Millions i.e. 63.20 % from Rs. 75.37 Millions in the fiscal year ended March 31, 2017 to profit of Rs. 122.99 Millions in the fiscal year ended March 31, 2018. Net profit after tax has increased due to increase in overall income of the Company. It has decreased by Rs. 55.15 Millions i.e. 42.25% from profit of Rs 130.52 Millions in the fiscal year ended March 31, 2016 to profit of Rs. 75.37 Millions in the fiscal year ended March 31, 2017. Net profit after tax has decreased due to decrease in revenue from operation of Company.
Narmada Bio-chem Limited IPO – Promoters
The Promoter of this company is:
- MR. DINESHBHAI DHIRUBHAI PATEL
- ADESHWAR DISTRIBUTORS PRIVATE LIMITED
List of Related Parties (Key Managerial Personnel)
- Dineshbhai D. Patel
- Bhavnaben D. Patel
- Sanjaybhai D. Kumbhani
Narmada Bio-chem Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 72,00,000 Equity Shares aggregating upto Rs [●] Million. |
| Of which: | |
| Reserved for Market Makers | Upto 54,00,000 Equity Shares |
| Net Issue to the Public | Upto 18,00,000 Equity Shares |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Non-Retail Investors Portion | Not less than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,57,40,959 Equity Shares |
| Equity Shares outstanding after the Issue | [●] Equity Shares |
Narmada Bio-chem Limited IPO Issue Object
These are the IPO Issue Objects of the company
- Funding the Working Capital Requirements of the Company;
- General Corporate Purposes.
Narmada Bio-chem 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:
- Expertise in manufacture of organic fertilizers
- Wide product range
- Widespread distribution network
- Experienced Promoter and dedicated management team
- History of repeat orders
- Location advantage
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-14 | – | – | – |
| 31-Mar-15 | – | – | – |
| 31-Mar-16 | 8.30 | 15.98 | – |
| 31-Mar-17 | 4.79 | 8.45 | – |
| 31-Mar-18 | 7.81 | 12.11 | 64.50 |
- Competitive Peers:
| Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio |
| Rama Phosphates Limited | 10 | 3.06 | 28.45 |
| Khaitan Chemicals And Fertilizers Limited | 1 | 0.17 | 65.59 |
Narmada Bio-chem Limited IPO Lead Managers
| Lead Managers |
| Pantomath Capital Advisors Private Limited, 406-408, Keshava Premises Bandra Kurla Complex, Bandra East Mumbai – 400 051 Tel: +91 22 6194 6700 Fax: +91 22 2659 8690 Email: ipo@pantomathgroup.com Investor Grievance Email: ipo@pantomathgroup.com Website: www.pantomathgroup.com Contact Person: Mr. Hardik Bhuta SEBI Registration No: INM000012110 |
Narmada Bio-chem Limited IPO Registrar to offer
| Registrar to the Offer |
| Karvy Computershare Private Limited Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda Hyderabad – 500 032, India Tel: (91 40) 6716 2222 Fax: (91 40 2343 1551 Email: einward.ris@karvy.com Investor Grievance E-mail: narmadabiochem.ipo@karvy.com Website: http://www.karisma.karvy.com/ Contact Person: Mr. M. Murali Krishna SEBI Registration Number: INR000000221 |
Other Details:
- Statutory Auditor – M/s R.S. Patel & Co., Chartered Accountants
- Bankers to the Company – Kotak Mahindra Bank Limited
Narmada Bio-chem Limited IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Narmada Bio-chem IPO – Fill up the Form Below
Narmada Bio-chem Limited IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
Market Guide
Featured Topics