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

Narmada Agrobase Limited IPO Stock Quote & Charts



  • Open: 20.00
  • High - Low: 20.00 - 20.00
  • Previous Close: 19.50
  • Total Traded Volume: 4000
  • Updated On: 24-Dec-2019

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 Expenses

Narmada 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:

  1. Corporate Capital Ventures Private Limited

Registrar of Narmada Agrobase Limited IPO:

  1. Karvy Computershare Private Limited

Company Address:

Narmada Agrobase Limited 310, Sudarshan Complex, Mithakhali Underbridge, Navrangpura Ahmedabad - 380009 Phone: +91-79-4037 0886 Email: Website:

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+HNIs Subscription 0.88X
Retail Subscription 1.40X
Total Subscription 1.14X

Discussion on Narmada Agrobase Limited IPO:

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