Upsurge Seeds of Agriculture IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Upsurge Seeds of Agriculture IPO release date, IPO offer price, subscription, Upsurge Seeds of Agriculture Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 120 |
| Listing At | NSE Emerge |
| Min. Order Quantity | 1200 Shares |
| Listing Date | Aug 11, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 2280.96 Lakh |
| IPO Size | Rs 2280.96 Lakh |
| Tick Size | 1 |
Upsurge Seeds of Agriculture IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Upsurge Seeds of Agriculture IPO – Summary
We are a technology driven seeds manufacturing Company engaged in business of growing, developing, processing and marketing of variety of seeds for a range of field crops and vegetables.
We are primarily involved in seed processing wherein the improved genetic materials of the breeder seed is grown and multiplied into foundation seed. Thereafter, the foundation seed undergoes next level of processing in which the foundation seed is grown and multiplied into commercial seeds, which is then sold in market for crop production.
The Promoter of this company is Mr. Arvindkumar Jadavjibhai Kakadia, Mr. Viken Jentilal Kakadiya and Mrs. Sonalben Arvindbhai Kakadiya. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
Upsurge Seeds of Agriculture IPO Date
The opening and the closing date of Upsurge Seeds of Agriculture IPO are Jul 29, 2022 and Aug 2, 2022 respectively.
Upsurge Seeds of Agriculture IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 29th July | 0.58x | 3.85x | 2.21x |
| 2nd Day – 1st Aug | 4.24x | 20.04x | 12.14x |
| 3rd Day – 2nd Aug | 101.70x | 59.29x | 80.50x |
| Shares Offered or Net Issue | 902,400 | 902,400 | 1,804,800 |
The shares subscribed by the public will be updated here.
Check Upsurge Seeds of Agriculture IPO LIVE Subscription
- Upsurge Seeds of Agriculture IPO LIVE Bid details on BSE
- Upsurge Seeds of Agriculture IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Upsurge Seeds of Agriculture 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.
Upsurge Seeds of Agriculture Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Aug 5, 2022 |
| Refunds Initiation | Aug 8, 2022 |
| Credit of Shares to Demat Account | Aug 10, 2022 |
| Share Listing Date | Aug 11, 2022 |
Upsurge Seeds of Agriculture IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.120
Upsurge Seeds of Agriculture IPO Equity Size
This Initial Public Issue of 19,00,800 Equity Shares of Rs.10 each for cash at a price of Rs.120 per equity share aggregating to Rs.2280.96 Lakh.
Upsurge Seeds of Agriculture IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 19,00,800 Equity Shares of Rs.10 each, aggregating to Rs.2280.96 Lakh
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Upsurge Seeds of Agriculture 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.
| Live IPO Performance – Upsurge Seeds of Agriculture Share Price |
Upsurge Seeds of Agriculture IPO Grey Market Premium
The Upsurge Seeds of Agriculture Limited IPO Grey Market Premium price is Rs 25, the Kostak rate is Rs X and the Subject to Sauda is X.
Upsurge Seeds of Agriculture IPO – Company Overview
Our company enters into seed grower production agreement with seed growing farmers for leasing thier land on lease rentals to develop and produce the foundation and commercial seeds.
Under these agreements, the farmer is engaged to carry out agricultural operations over the leased agricultural land, however the ownership of the entire crop and the risk of crop failure is retained with our company.
The farmers are compensated for their services of producing such seeds and for all production expenses such as land preparation, irrigation, sowing, fertilization, combat against pests and diseases, weeding, harvesting, thrashing etc.
During large-scale production, we monitor the crops under given field conditions and have the farmers carry out all the required steps until maturity to produce the seeds to be sold at the desired levels of quality.
Upsurge Seeds of Agriculture IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Total Assets | 4,087.49 | 1,811.80 | 835.39 |
| *Total Revenue | 7,577.15 | 6,290.31 | 1,763.73 |
| Total Expense | 7,151.65 | 6,183.37 | 1,734.26 |
| Profit After Tax | 396.44 | 85.31 | 21.92 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Basic & Diluted | 9.79 | 5.23 | 1.53 |
Further, their PAT for the period ended on Mar 31, 2022, March 31, 2021, and March 31, 2020 were Rs. 396.44 Lakh, Rs. 85.31 Lakh, and Rs. 21.92 Lakh respectively.
Upsurge Seeds of Agriculture IPO – Promoters
The Promoter of this company is:
- Mr. Arvindkumar Jadavjibhai Kakadia,
- Mr. Viken Jentilal Kakadiya
- Mrs. Sonalben Arvindbhai Kakadiya
List of Related Parties (Key Managerial Personnel)
- Arvindkumar Jadavjibhai Kakadia, Chairman & Managing Director
- Viken Jentilal Kakadiya, Whole Time Director
- Sonalben Arvindbhai Kakadiya, Whole Time Director & CFO
- Pankajbhai Chandulal Kotak, Non-Executive Director
- Rasik Vallabhbhai Moliya, Independent Director
Upsurge Seeds of Agriculture IPO – Promoters Holding
- Pre Issue Share Holding – 96.92%
- Pos Issue Share Holding – 70.82%
Upsurge Seeds of Agriculture IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 19,00,800 Equity Shares aggregating up to Rs.2280.96 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 96,000 Equity Shares aggregating up to Rs.115.20 Lakh |
| Net Issue to the Public | Up to 18,04,800 Equity Shares aggregating up to Rs.2165.76 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 9,02,400 Equity Shares |
| Other than Retail Individual Investors | Not more than 9,02,400 Equity Shares |
| Equity Shares outstanding prior to the Issue | 51,59,000 Equity Shares |
| Equity Shares outstanding after the Issue | 70,59,800 Equity Shares |
Upsurge Seeds of Agriculture IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1.To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses
Upsurge Seeds of Agriculture IPO – Business Strategy
- Enhance customer base by entering new geographies to establish long-term relationships
- Brand building and promotion
- Continue to strive for cost efficiency
- Focus on consistently meeting quality standards
- Establish and strengthen Long Term Relationship with clients
Upsurge Seeds of Agriculture IPO – Basis of 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:
- Wide Range of Seeds and its variants
- Quality Assurance
- Customer Satisfaction
- Experienced Promoter supported by dedicated Management team
- Proven track record of robust financial performance
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 9.79 | 35.42 | 21.70 |
| 31-Mar-21 | 5.23 | 26.29 | 16.47 |
| Mar-20 | 1.53 | 23.78 | 18.43 |
Upsurge Seeds of Agriculture IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Book Value (Rs.) | |
| Upsurge Seeds of Agriculture Limited | 10 | 12.26 | 9.79 | 35.42 | 21.70 |
| Listed Peers | |||||
| Bombay Super Hybrid Seeds Limited | 10 | 39.04 | 10.06 | 26.60 | 37.63 |
| Continental Seeds and Chemical Limited | 10 | 54.21 | 0.19 | 1.53 | 12.23 |
| Kaveri Seed Company Limited | 2 | 15.51 | 35.23 | 16.14 | 221.92 |
| Mangalam Seeds limited | 10 | 18.36 | 4.67 | 11.33 | 41.26 |
Upsurge Seeds of Agriculture IPO Lead Managers
| Lead Managers |
| FINSHORE MANAGEMENT SERVICES LIMITED Anandlok Building, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal, India Contact Person: Mr. S. Ramakrishna Iyengar Telephone: +91 – 33 – 22895101 / 46032561 Email: ramakrishna@finshoregroup.com |
Upsurge Seeds of Agriculture IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India Contact Person: Ms. Shanti Gopalkrishnan Telephone: +91 – 22 – 4918 6200 Email: upsurgeipo@linkintime.co.in |
Upsurge Seeds of Agriculture IPO – Other Details
- Statutory Auditor – M/s R B GOHIL & CO, Chartered Accountants
- Legal Counsel to the Company – Candour Legal
- Bankers to the Company – ICICI Bank Limited
Upsurge Seeds of Agriculture IPO Review by 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 |
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Upsurge Seeds of Agriculture Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Upsurge Seeds of Agriculture IPO Review FAQs
Check out various FAQs related to Upsurge Seeds of Agriculture IPO:
What is the Issue Size of Upsurge Seeds IPO?
The Company is making an initial public offer of 19,00,800 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Upsurge Seeds IPO?
The price band for this particular IPO ranges between Rs 120. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Upsurge Seeds IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jul 29, 2022, while the closing date is set at Aug 2, 2022.
What is the Upsurge Seeds IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Aug 5, 2022, refund initiation is on Aug 8, 2022, credit of shares is on Aug 10, 2022, and share listing date is on Aug 11, 2022.
What is the Upsurge Seeds IPO Listing Date?
Shares of this company shall be listed in the exchanges Aug 11, 2022. The date, when the listing would be done, is stagnant on Aug 11, 2022.
Who is the Registrar of Upsurge Seeds IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Upsurge Seeds IPO?
Here are the promoters of this IPO – Mr. Arvindkumar Jadavjibhai Kakadia, Mr. Viken Jentilal Kakadiya and Mrs. Sonalben Arvindbhai Kakadiya. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Upsurge Seeds IPO?
We have obtained the GMP of this IPO and it is Rs 25. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Upsurge Seeds IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Upsurge Seeds of Agriculture Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 396.44, 2021 is 85.31, 2020 is 21.92.
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