- POSITIVE
Annual Revenue Vishwas Agri Seeds Mar-2026 Annual Revenue is Rs 114 Cr which is growth of 10.2% YoY.
- NEGATIVE
Annual Net Profit Vishwas Agri Seeds Mar-2026 Annual Net Profit is Rs 2 Cr which is growth of -68.1% YoY.
Vishwas Agri Seeds was incorporated on 1 December 2009. The company is in the business of processing quality seeds and supplying them to farmers via their distribution network. The company sells its seeds under the brand name "Vishwas". The seed processing unit is equipped with an optical sorting machine. Furthermore, its seeds undergo a seed treatment process where seeds are processed by the application of fungicide, insecticide, or a combination of both, to disinfect them from seed-borne or soil-borne pathogenic organisms and storage insects.
| Bidding Dates |
|---|
| 21 Mar 2024 - 26 Mar 2024 |
| Subscription |
|---|
| 11.62x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹137,600 | 1 | 1 | 1600 | 3.0 M | ₹86 | 70 % | ₹258.0 M | RHP DOC |
Vishwas Agri Seeds IPO SUBSCRIPTION STATUS
26 Mar '24Total11.62x
Retail Individual Investor10.99x
HNI (NII) Investors12.21x
Qualified Institutional Buyers-
Vishwas Agri Seeds IPO overall subscription rate was 11.62 times the total available shares
Vishwas Agri Seeds IPO retail subscription rate was 10.99 times in the retail segment
Vishwas Agri Seeds IPO non-institutional investor subscription rate was 12.21 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
26 Mar 2024 (Day 3) | 10.99x | 12.21x | - |
22 Mar 2024 (Day 2) | 2.58x | 0.8x | - |
21 Mar 2024 (Day 1) | 1.29x | 0.46x | - |
Vishwas Agri Seeds FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY24 | 45.1 | 424.6 | 47.3 | -21.8 | 16.2% |
| FY23 | 53.4 | 653.1 | 61.0 | -40.6 | 12.1% |
| FY22 | 24.8 | 648.6 | 7.9 | -33.7 | 6.8% |
| FY21 | 11.6 | 538.2 | 2.0 | -0.7 | 4.1% |
Vishwas Agri Seeds IPO SUBSCRIPTION STATUS DETAILS
Vishwas Agri Seeds had 3.0 M shares on offer
Vishwas Agri Seeds IPO offer price was ₹86
Vishwas Agri Seeds IPO minimum Investment was ₹137600
Vishwas Agri Seeds IPO issue size was ₹ 258.0 M
Vishwas Agri Seeds had a minimum lot size of 1600 Shares per application
Vishwas Agri Seeds NUMBER OF SHARES ON OFFER
Total3.0 M
Fresh Issue3.0 M
Offer for Sale0
Post Issue Promoter Holding %70 %
Vishwas Agri Seeds IPO IMPORTANT DATES
| Issue Open Date | 21 Mar 2024 |
| Issue close Date | 26 Mar 2024 |
| Allotment Date | 27 Mar 2024 |
| Refund Date | 28 Mar 2024 |
| Demat Account Credit Date | 28 Mar 2024 |
| Listing Date | 01 Apr 2024 |
| Listing on Exchange(s) | NSE |
| Vishwas Agri Seeds Allotment Status | Exchange |
Vishwas Agri Seeds IPO subscription opened on 21 Mar 2024, and closed on 26 Mar 2024
IPO allotment for Vishwas Agri Seeds was finalized on Wednesday, 27 Mar 2024
IPO listing for Vishwas Agri Seeds was on NSE on Monday, 01 Apr 2024
Vishwas Agri Seeds IPO LISTING GAINS
| Issue Price (adjusted) | 86.0 |
| Listing Open Price | 85.0 |
| Listing Close Price | 83.6 |
| Listing Gain% | -1.2% |
| Current Gain% | -56.0% |
Vishwas Agri Seeds Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Vishwas Agri Seeds Ltd. | 37.8 | 37.8 | 17.6 | -0.3 | 0.3 | 4.1 | 1.9 | 113.8 | 10.2 | 2.1 | -68.1 | 2.1 | -68.1 |
| LT Foods Ltd. | 379.5 | 13178.2 | 20.1 | 6.2 | 1.1 | 13.8 | 6.9 | 11023.1 | 25.7 | 625.4 | 3.3 | 18.9 | 3.2 |
| Godrej Agrovet Ltd. | 553.2 | 10644.2 | 23.8 | -13 | 1 | 23.3 | 7.7 | 10338.5 | 9.7 | 472.8 | 10 | 23.2 | -1.8 |
| KRBL Ltd. | 345 | 7897.8 | 10.4 | 0.3 | 1.3 | 11.2 | 9.8 | 6168.2 | 9.1 | 648 | 36.1 | 33.1 | 40.4 |
| Gujarat Ambuja Exports Ltd. | 139.3 | 6388.4 | 12.5 | 0.1 | 1.1 | 9.2 | 7.3 | 5835.8 | 24.3 | 304.3 | 22 | 11.1 | 147.1 |
| Kaveri Seed Company Ltd. | 659.1 | 3390.4 | 13.2 | -0.9 | 2.6 | 16.8 | 10.7 | 1424.1 | 13.8 | 295.8 | 5.2 | 49.8 | -15.5 |
Annual
Balance Sheet
Ratios
Cash Flow
Vishwas Agri Seeds annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Reporting Type
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| Indicator | Graph | CAGR 3 Yrs | CAGR 5 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 |
|---|---|---|---|---|---|---|---|---|---|
20.3% | 16.2% | 113.8 | 103.3 | 74.9 | 65.3 | 64.9 | 53.8 | ||
Operating Exp. Ann. | 22.4% | 15.3% | 105 | 88.5 | 63.2 | 57.3 | 60.4 | 51.5 | |
Operating Profit Ann. | 2.4% | 30.2% | 8.6 | 13.8 | 11.5 | 8 | 4.5 | 2.3 | |
OPM Ann. % | -14.8% | 11.7% | 7.56% | 13.34% | 15.41% | 12.24% | 6.89% | 4.35% | |
24% | 16.3% | 110.9 | 94.5 | 66.8 | 58.2 | 61.5 | 52.2 | ||
EBITDA Ann. | 3.6% | 31.1% | 8.9 | 14.8 | 11.6 | 8 | 4.5 | 2.3 | |
EBITDA Ann. margin % | -14.1% | 12.3% | 7.78% | 14.32% | 15.54% | 12.26% | 6.90% | 4.35% | |
Interest Ann. | 68.1% | 44.7% | 3.8 | 3.6 | 2.3 | 0.8 | 1 | 0.6 | |
Depr. | 175.9% | 83.8% | 2.1 | 2.4 | 1.3 | 0.1 | 0.1 | 0.1 | |
PBT Ann. | -25% | 13.4% | 3 | 8.8 | 8.1 | 7.1 | 3.3 | 1.6 | |
Tax Ann. | -23.7% | 9.9% | 0.8 | 2.1 | 2.1 | 1.8 | 0.8 | 0.5 | |
-26.6% | 11.8% | 2.1 | 6.7 | 6 | 5.3 | 2.5 | 1.2 | ||
Net Profit Ann. | -26.6% | 11.8% | 2.1 | 6.7 | 6 | 5.3 | 2.5 | 1.2 | |
NPM Ann. % | -38.7% | -2.7% | 1.88% | 6.55% | 8.04% | 8.17% | 3.82% | 2.16% | |
EPS Adj. latest Ann. | -26.6% | 11.8% | 2.1 | 6.7 | 6 | 5.3 | 2.5 | 1.2 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
10.2%
2Y CAGR
23.3%
3Y CAGR
20.3%
5Y CAGR
16.2%
Total Revenue Annual growth is lower than historical averages.
Net Profit Ann.
1Y CHG
-68.7%
2Y CAGR
-40.8%
3Y CAGR
-26.6%
5Y CAGR
11.8%
Net Profit Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
18.6%
2Y CAGR
28.9%
3Y CAGR
22.4%
5Y CAGR
15.3%
Operating Expenses Annual Cr growth is stable compared to historical averages.
Vishwas Agri Seeds INFORMATION ON IPO ISSUE
About Vishwas Agri Seeds
Vishwas Agri Seeds was incorporated on 1 December 2009. The company is in the business of processing quality seeds and supplying them to farmers via their distribution network. The company sells its seeds under the brand name "Vishwas". The seed processing unit is equipped with an optical sorting machine. Furthermore, its seeds undergo a seed treatment process where seeds are processed by the application of fungicide, insecticide, or a combination of both, to disinfect them from seed-borne or soil-borne pathogenic organisms and storage insects.
Object of the Issue
- Capital expenditure to
- To furnish the corporate office building
- To purchase equipment for setting up a seed testing laboratory
- To set up greenhouse (fan-pad system)
- To install rooftop solar monocrystalline panels (129.6KW)
- Additional working capital requirement
- General corporate purpose
Vishwas Agri Seeds - PROMOTERS
| Name |
|---|
| Ashokbhai Sibabhai Gajera |
| Bharatbhai Sibabhai Gajera |
| Dineshbhai Madhabhai Suvagiya |
| Ilaben Pareshbhai Patel |
| Kalubhai Maganbhai Vekariya |
| Maheshbhai Sibabhai Gajera |
| Ketankumar Babulal Suvagiya |
| Babubhai Laljibhai Suvagiya |
| Rameshbhai Laljibhai Suvagiya |
| Shivlal Veljibhai Bhanderi |
Vishwas Agri Seeds Lead Manager to the Issue
ISK Advisors Private Limited
ncmpl@ncmpl.com
Vishwas Agri Seeds Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Vishwas Agri Seeds Strengths
Integrated unit
The company has integrated a seed processing unit with cold storage and warehouse facilities on one premise. Its seed processing unit is equipped with automated seed sorting, grading, and packing machines. The seed processing facility includes warehousing and a cold storage facility to store seeds
Strength
Wide range of products
The company offers a wide range of seeds that include groundnut, cotton, wheat, cumin, onion, coriander, mustard, and corn, among others. It also continuously adds new product variants, which help it cater to the needs of customers
Strength
Vishwas Agri Seeds Risks
Product concentration
The company is highly dependent on the sale of groundnut seeds and cumin seeds; its business is exposed to risks related to product concentration, which could materially and adversely affect the business, financial condition, results of operations, and prospects
Risk
Outstanding legal proceedings
There are outstanding legal proceedings on the date of this prospectus involving the company; however, there may be possible litigation that could adversely affect the business, financial condition, and results of operations
Risk
IPO FAQs
The promoters of the company are Ashokbhai Sibabhai Gajera, Bharatbhai Sibabhai Gajera, Dineshbhai Madhabhai Suvagiya, Ilaben Pareshbhai Patel, Kalubhai Maganbhai Vekariya, Maheshbhai Sibabhai Gajera, Ketankumar Babulal Suvagiya, Babubhai Laljibhai Suvagiya, Rameshbhai Laljibhai Suvagiya and Shivlal Veljibhai Bhanderi.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 86.0 - 86.0.
The IPO application opens on Mar 21, 2024 and closes on Mar 26, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 137,600.0, the maximum value for this IPO is Rs 137,600.0.
This IPO will be allotted on Mar 27, 2024.
The refund will be credited to your account on Mar 28, 2024.
The allotted shares will be credited to your demat on Mar 28, 2024.
Vishwas Agri Seeds Ltd.’s shares listed on the stock exchanges on Apr 01, 2024.