ShreeOswal Seeds IPO launched on 7th June 2018. The Issue Size of this IPO is Rs.11.90 cr. This organization involved in production, processing and sale of different kind of agriculture seeds. In this article we have done a detailed analysis of Shreeoswal Seeds IPO objective, Offering, company’s goodwill, financials, allotment status, grey market pricing, subscription status, Shreeoswal Seeds IPO offer price, basis of fixing price and management information.
Shreeoswal Seeds IPO Review & Ratings
|Shreeoswal Seeds IPO Ratings & Review|
|Top Brokers Review||6.4/10|
Summary of Shreeoswal Seeds IPO
ShreeOswal Seeds and Chemicals Limited an ISO 22000:2005 certified Company is engaged in the business of production, processing and sale of different kind of agricultural seeds, maize and soyabean. The products are marketed under the brand name of OSWAL. The majority of the sales are through our own Brand which contributed 66.00 %, 85.32 % and 95.25 % respectively to our total sales for the financial year ended March 31, 2015, 2016, and 2017 respectively.
Company has a diversified customer base covering states like Bihar, Jharkhand, Maharashtra, Madhya Pradesh, Rajasthan, Uttar Pradesh, Delhi and Punjab. The company will be using the fund to finance their new plant & machinery and funding their working capital requirements.
- Bid Opens On: June 7, 2018
- BiD Closes On: June 12, 2018
- Finalization of Basis of Allotment: On or about June 15, 2018
- Initiation of refunds: On or about June 18, 2018
- Credit of Equity Shares to demat accounts: On or about June 19, 2018
- Commencement of trading of the Shares on the Exchanges: On or about June 20, 2018
Subscribe to Shreeoswal Seeds IPO
Shreeoswal Seeds IPO Date
The IPO opens on 7th June 2018 & closes on 12th June 2018.
Shreeoswal Seeds IPO Subscription
|Day 1||2,288,000 shares|
|Day 2||3,660,000 shares|
|Day 3||7,076,000 shares|
|Day 4||18,132,000 shares|
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Shreeoswal Seeds IPO Allotment Status
The details of allotment of shares made by the company to the public will be updated herein once the company is through with the allotment process.
Shreeoswal Seeds IPO Price Band
The Price bank of this IPO is Rs.25 to Rs.26 per equity share.
Shreeoswal Seeds IPO Issue Size
The issue size of this IPO is Rs.11.90 cr.
Shreeoswal Seeds IPO Equity Share Offerings
4,576,000 Equity Shares is offered for subscription.
Shreeoswal Seeds & Chemicals Ltd – Company Overview
ShreeOswal Seeds and Chemicals Limited was started in 2002 and they has gone public in 2017. The company is engaged in the business of production, processing and sale of different kind of agricultural seeds, maize and soyabean.
Company processes various kinds of seeds at its processing unit which is located at Neemuch, Madhya Pradesh. At present, our Company processes 5 varieties of wheat seed, 5 varieties of soya bean seed, 3 varieties of Mustard seed, 1 variety of black gram, 1 variety of corn seeds and 1 Variety of isabgol/psyllium.
Competitive Strengths of Shreeoswal Seeds & Chemicals Ltd:
- Experienced promoters and Management Expertise
- Quality projects and committed operations
- Independent Execution capabilities
- Networking strength
Shreeoswal Seeds & Chemicals Ltd – Financial Statements
Have a look at the financial statements of the firm before you invest in the firm.
The asset of the Company
Assets (in lakhs)
|Jan 2018||Nov 2017||Mar 2017||Mar 2016||Mar 2015||Mar 2014|
|Non – Current Assets||541||493||186.99||209.71||129.99||115.58|
Revenue and PAT of the company
Revenue and Profit (in lakhs)
|Profit After Tax||6.30||88.62||102.39||32.21||30.98||17.71|
Earnings per Equity Share
Earnings per Equity Share (in lakhs)
Shreeoswal Seeds & Chemicals Ltd – Promoters
Sanjay Kumar Baigani, Promoter, Chairman & Managing Director
Sanjay Kumar Baigani, aged 45 years is the Promoter and Chairman & Managing Director of the Company. He is associated with the Company since Incorporation. He has practical and hands on experience in field related with taxation, accounting and computer.
He has work experience of more than 10 years with Anil Kumar Sanjay Kumar Jain and was responsible in handling day-to-day working and dealing in seeds, fertilizers, grains etc. including its marketing He is the guiding force behind the strategic decisions of the Company and has been instrumental in planning and formulating the overall business strategy and developing business relations of the Company. He majorly looks after accounts department and finance department of our Company.
Anil Kumar Nahata, Promoter, Director and Chief Executive Officer
Anil Kumar Nahata, aged 42 years is the Promoter and Director of the Company and has been designatedas the Chief Executive Officer of the Company. He has been on the Board of the Company since incorporation. He looks after the overall business affairs majorly taking care of sales department, purchase department, production department and marketing department of the Company.
He has work experience of more than 9 years with M/s. Nahata Brothers and was responsible in handling day-to-day working and dealing in seeds, fertilizers, grains etc. including its marketing. Further, he has also participated in many conventions related with Agri-Industry, ICAR- National Research Centre on seed spices and India Expo, which was held in Karachi Expo. Center, Pakistan.
Kiran Devi Begani, Promoter and Director
Kiran Devi Begani, aged 41 years is the Director of the Company. She is taking care of Human Resources Department of the Company. She is the Director of the Company since incorporation.
Padma Nahta, Promoter and Non-executive Director
Padma Nahta, aged 41 years is the Director of the Company. She is associated with the Company since incorporation and has been re-designated as Non-executive Director as on January 08, 2017
Gopal Lal Agarwal. Additional Independent Director
Gopal Lal Agarwal, aged 56 years is an Independent Director of the Company. He holds Bachelor’s degree in commerce from Rajasthan University, Jaipur. Rajasthan. Prior to joining our Company, he was associated with as State Bank of India as Branch manager and has knowledge and experience on all types of financial analysis, customer relation, statutory obligation, housekeeping, customer relation, general and life insurance business, recovery in difficult accounts etc.
Sunil Kumar Agrawal, Additional Independent Director
Sunil Kumar Agrawal, aged 58 years is an Independent Director of the Company. He has completedSecondary School from Board of Secondary Education, Rajasthan.
The interest of Promoters in the Promotion of the company
The Directors, Sanjay Kumar Baigani, Anil Kumar Nahata, Kiran Devi Begani and Padma Nahta may be deemed to be interested in the promotion of the Company to the extent of the Equity Shares held by them. And also to the extent of any dividend payable to them and other scatterings in respect of the aforesaid Equity Shares.
The interest of Promoter in the Property of the company
Directors have not entered into any contract, agreement or arrangements within a period of two years preceding the date of Draft Red Herring Prospectus in which the Directors are interested directly or indirectly. No payments have been made to them in respect of these contracts, agreements or arrangements or are proposed to be made to them. Further, the Directors do not have any interest in any immovable property to be acquired by the Company.
The interest of Promoter in the Intellectual Rights of the company
Promoter has not shown any interest in acquiring the intellectual rights of the company.
Shreeoswal Seeds IPO Offer Details or Issue Details
|Particulars||No. Of Equity Shares|
|Equity Shares Offered||4,576,000 Equity Shares of Rs 10/- each|
|Reserved for Market Makers||Upto 2,34,000|
|Net Issue to the Public||43,44,000|
|Retail Investors Portion||Upto 21,72,000|
|Non-Retail Investors Portion||X|
|Equity Shares outstanding prior to the Issue||X|
|Equity Shares outstanding after the Issue||X|
Shreeoswal Seeds IPO – Issue Object
These are the IPO Issue Objects of the company
- Purchase of New Plant & Machinery
- Funding the working capital requirements of our Company
- General corporate purposes ( Yet to be finalized)
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Shreeoswal Seeds 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. The face value of each share is Rs 10 and the issue price of the IPO is yet to be decided.
Qualitative factors are:
Some of the qualitative factors, which form the basis for computing the price, are:
- Diverse portfolio of seed products;
- Strong distribution network across various geographies in India;
- Experienced management and dedicated employee base;
- Accredited with ISO 22000:2005 Quality Certification;
- Established Brand Image.
Quantitative factors influencing the offer price:
- Basic and Diluted Earnings per Share (EPS)
- Price to Earnings (P/E) ratio
- Return on Net Worth
- Minimum Return on Increased Net Worth required to maintain pre-issue Earnings Per Share
- Net Asset Value per Equity Share
- Comparison of Accounting Ratios with Peer Group Companies
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Shreeoswal Seeds IPO Lead Managers
|PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED|
Shreeoswal Seeds IPO Registrar to offer
|Registrar of the Offer|
|BIGSHARE SERVICES PRIVATE LIMITED|
Shreeoswal Seeds IPO Review by Top 10 Stock Brokers
|Top Stock Brokers Review||Company Repu-tation||Compe-titive Edge||Finan-cial State-ment||Popu-larity Index||Promo-ters Repu-tation|
The ratings would be updated once the financials and the other details of the IPO are released.
Shreeoswal Seeds IPO Grey Market Premium
The SHREEOSWAL SEEDS AND CHEMICALS LIMITED IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced. The grey market generally opens up 15 days before the release of the IPO. The grey market is traded among the local traders and they are the best lot to go for such deals.
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Shreeoswal Seeds IPO News
News 1 – IPO ISSUES OPEN NOW
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