(i) The Manufacturer and Supplier firm Bombay Super Hybrid Seeds Pvt. Ltd. was established in the year 2000 to take responsibility to strengthening the agriculture industry by dealing in premium grade Agricultural Seeds. We are instrumental in rendering a wide assortment of ISO 9001:2008 certified quality products including Sesame Seeds, Guar Seeds, and Coriander Seeds. Our products are widely utilized for its pure cultivation, moisture proof packaging, high yield assurance and longer shelf life. We deals in own brands like Kasturi and Bombay.
(ii) In the agricultural segment our offered products are highly demanded for its unique capability of reducing operating cost and maximizing margins. Further owing to the longevity of our hygienically processed seeds, our vast product line also finds its applications in food and beverages industry. We take pride in our advanced manufacturing and processing facilities that heightens the standard of safety and reliability of our products. Moreover, we exist to empower our prestigious clients‘ business by rendering cost effective products with maximum assurance of quality. Our commitment to deliver every product with timely awareness equips us to carve a niche in the industry by earning highest levels of client satisfaction.
(iii) The product ranges of company has jumped to more than 27 crops with more than 111 varieties in span of just 8 years with expansion in Gujarat, Maharashtra, Rajsthan, Madhya Pradesh, Andra Pradesh and Karnatak with necessary approved licence. The Company has also successfully established distribution net work of 350 plus dealers. We have also established state of art fully equipped seed processing unit and seed testing laboratory
Bombay Super Hybrid Seeds Ltd IPO Stock Quote & Charts
(i) MR. Arvindkumar Jadavjibhai Kakadia ,aged 34 years, he is designated as Chairman and Managing Director and also the Promoter of our Company. He is associated and actively engaged in managing the company since its incorporation. He has more than 18 years of experience in the Agriculture industry.He is playing vital role in formulating business strategies and effective implementation of the same. He is entrusted with the responsibility of expansion and overall management of the business of our Company, along with this He actively grab opportunities to expand our business and take it to new height at international Market. He is involved in taking major policy decision of the Company and has been actively involved in taking various approval regarding seeds and other matters from state and central government .His leadership abilities have been instrumental in leading the core team of our Company very effectively & efficiently.
(ii) MR. Kiritkumar Jadavjibhai Kakadiaaged, 37 years,he is designated as Whole-time Director and promoter of our Company. He is actively engaged in company since its Incorporation .He has rich and vast experience of 18 years in agriculture industry.He is entrusted with the responsibility of looking after matters relating to accounting and finance management of our Company. With his wide experience he effectively co-ordinate and manage human resource of our company. He efficiently undertakes networking with distribution channel of our company.
(i) Authorized Share Capital
( 70,00,000 shares at FV@10)
(ii) Issued, Subscribed,& Paid-up Share Capital Before Issue
(48,26,580 Shares at FV@10)
(iii) Present Issue
(17,32,000 Shares at FV@10)
(iv) Reservation for Market Maker
( 88,000 Shares at FV@10)
(v) Net Issue to Public
(17,32,000-96000= 16,44,000 Shares)
(vi) QIB & HNI Quota- 8,22,000
(vii) Retail Quota- 8,22,000
(viii) Paid Up Share Capital after the issue
Financials of Bombay Super Hybrid Seeds Ltd IPO as per DRHP:
1. Balance Sheet Snippet[ Financials as on Dec 2017]
(i) Shareholders’ Fund[Equity] Value
(v) Net Worth(Asset- Liability)
(vi) RONW(PAT/Net Worth)
2. Profit n Loss Snippet
(i) The Revenue of the company in last 5 years is growing at CAGR of 43.96%[Excellent].
(ii) The PAT of the company in last 5 years is growing at CAGR of 33%[Excellent].
(iii)The EBITDA Margins of last 5 years are: 4.58%(FY13),4.18%(FY14), 2.84%(FY15), 1.94%(FY16) and 1.29%(FY17). Though the company's Revenue is excellent but continuous falling of EBITDA margins in last 5 years is a serious concern.
(iv) Annualized EPS(post issue)= 1.75
(v) P/B(post issue)= 7.36(very high).
(vi) Annualized P/E(post issue)=34[Highly priced] at the cutoff price of 60
3. CashFlow Statements
The Company's Cash Flow in the FY 2016-17 is negative which does not augur well for the company growth in future.
Comparison With Peers:
Name of the Company
EPS as on 31.03.2017
PE as on 22.02.2018
Mangalam Seeds Limited
Kaveri Seeds Company limited
Monsanto India Limited
R J Biotech Limited
Omega AG seeds Punjab limited
Bombay Super Hybrid Seeds limited
Recommendation on Bombay Super Hybrid Seeds Ltd IPO:
The Valuation of the company in terms of P/B and P/E at an issue price of 60 is on higher side and falling EBITDA margins is big negative for the company.
Rating: 4 /10.
Lead Manager of Bombay Super Hybrid Seeds Ltd IPO: