Narmada Agrobase Limited IPO
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Narmada Agrobase Limited is a Gujarat based company engaged in manufacturing & processing of cottonseed meal cake, cattle feed and soya bean meal. The products manufactured by the company are used for the feeding of cattle which provides a high amount of proteins and other nutrients required by them. Also, the by-products of the Products are used in textiles Industry, Consumer Goods Industry, and Paper Industry.
The company manufactures and exports its products under the brand name of “Churma” and “Gaay Chhaap Narmada Pashu Aahar”. Narmada Agrobase has 9 employees (including Registered Office Staff and Factory Workmen and Corporate Office) on payroll and it also hires contract labor in the factories as per requirement
Objects of the Narmada Agrobase Limited IPO:
Objectives of
Narmada Agrobase Limited IPO
are: 1. To Meet Working Capital Requirement 2. General Corporate Purpose 3. To Meet the Issue ExpensesNarmada Agrobase Limited IPO Details:
| Open Date: | Mar 28 2018 |
| Close Date: | Apr 11 2018 |
| Total Shares: | 2,340,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Fixed Price Issue IPO |
| Issue Size: | 7.48 Cr. |
| Lot Size: | 4000 Shares |
| Issue Price: | ₹ 32 Per Equity Share |
| Listing At: | NSE Emerge |
| Listing Date: | Apr 19 2018 |
Promoters And Management:
Mr. Neerajkumar Sureshchandra Agrawal
Mr. Suresh Chandra Gupta
Recommendation on Narmada Agrobase Limited IPO:
Review and Recommendation of
Narmada Agrobase Limited IPO
from our side is: NEUTRAL. i.e. Apply after checking the demand from HNIs and QIBs at 2PM on 11th April.Lead Manager of Narmada Agrobase Limited IPO:
Registrar of Narmada Agrobase Limited IPO:
Company Address:
Narmada Agrobase Limited
310, Sudarshan Complex,
Mithakhali Underbridge, Navrangpura
Ahmedabad - 380009
Phone: +91-79-4037 0886
Email: cs@narmadaagrobase.com
Website: www.narmadaagrobase.com
Bid Details of Narmada Agrobase Limited IPO as on
11-Apr-2018 17:00:00 IST
| Category | No.of shares offered | No. of shares bid |
|---|---|---|
| 1,170,000 | 1,032,000 | |
| 1,170,000 | 1,640,000 | |
| - | - | |
| 2,340,000 | 2,672,000 |
| QIBs | No |
| QIBs+HNIs Subscription | 0.88X |
| Retail Subscription | 1.40X |
| Total Subscription | 1.14X |