Vishwas Agri Seeds IPO Review & Fundamental Analysis

Vishwas Agri Seeds IPO Review

Vishwas Agri Seeds is coming up with an IPO worth INR 25.80 crores, consisting of a fresh issue of 25.80 lakh shares. The company plans to utilize the funds raised to meet the working capital requirement and to incur capital expenditure to furnish the corporate office, purchase equipment in the seed testing laboratory, set up a greenhouse, and install rooftop solar panels.

Vishwas Agri Seeds Limited IPO – Important Dates

Vishwas Agri Seeds IPO DateMarch 21, 2024 to March 26, 2024
Vishwas Agri Seeds IPO Listing DateApril 1, 2024
Vishwas Agri Seeds IPO PriceINR 86 per share
Vishwas Agri Seeds IPO Lot Size1600 Shares
Vishwas Agri Seeds IPO Total Issue SizeINR 25.80 crores
Vishwas Agri Seeds IPO Basis of AllotmentMarch 27, 2024
Vishwas Agri Seeds IPO Initiation of RefundsMarch 28, 2024
Vishwas Agri Seeds IPO Credit of Shares to DematMarch 28, 2024
Vishwas Agri Seeds IPO Issue TypeFixed Price Issue
Vishwas Agri Seeds IPO Listing AtNSE SME

Vishwas Agri Seeds IPO  – Company Profile

Vishwas Agri Seeds Ltd started its business in the city of Gondal near Rajkot, Gujarat in the year 2009. Initially started with a small-scale seed processing unit in Gondal, Rajkot. Today Vishwas Agri Seeds Limited 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 company’s seeds processing unit is equipped with an optical sorting machine, which detects unwanted colors, subtle discoloration, size and shape defects, and foreign materials. Further, the seeds undergo a seed treatment process where seeds are processed by application of fungicide, insecticide, or a combination of both, to seeds to disinfect them from seed-borne or soil-borne pathogenic organisms and storage insects. 

Vishwas Agri Seeds Limited IPO – Fundamental Analysis

Vishwas Agri Seeds Ltd’s IPO reveals a mix of equity growth and asset expansion against a backdrop of revenue fluctuations and rising liabilities. This complex financial landscape suggests a cautious investment approach, weighing growth prospects against potential risks.

Revenue Growth:

The company’s revenue saw a marginal increase from ₹6,485.58 lakhs in FY2022 to ₹6,530.73 lakhs in FY2023, followed by a decrease to ₹4,246