Narmada Bio-Chemical Limited IPO
(i) Narmada Biochem Ltd. believes that ‘the growth of India is directly related to the growth of the rural areas’. Farmers being the central focus of rural India, and farming is the main profession and almost 60% of India’s Population is engaged in it. It becomes necessary to give them a helping hand by providing them with top-of-the-line agricultural inputs and services.
With this as a core initiative, Narmada Biochem Ltd. has been serving the farming community for over one & a half decades. An impressive track record takes forward its strategy to head the leading position in the Organic manures and others fertilizers inputs. The growth of NBCL in the inputs business in a span of just 5 years has itself created a story to talk about within fertilizers industry.
(ii) They help in providing the farmers not just customized Products but customized solutions, developing and evaluating Products and processes for improving their satisfaction. Their extensive high-quality product range that includes organic manure, chemical fertilizers, micronutrients, soil conditioners, water-soluble Products, further supports this goal. They offer amongst the best list of farm nutrients and associated Products in India.
(iii) They have now ventured to extend the vision in serving the farming community by introducing a toll free number, printed on each bags/containers. Through that contact number the three things can be checked – quality, reliability, and services that ensure a healthy crop produce to farmers.
(iv) Narmada Bio chem Limited annually produce approx. 3,02,000 MT of fertilizers and sell in 10 states of India like Gujarat, Rajasthan, Maharashtra, Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, Telangana, Chhattisgarh, Bihar, Punjab, Haryana, Himachal Pradesh, Jammu & Kashmir, Aasam and so on with help of more than 700 distributors/dealers (Private and Co-operative) network and more than 2100 retailers private and Co-operative directly working at grass root level.
Objects of the Narmada Bio-Chemical Limited IPO:
Narmada Bio-Chemical Limited IPOare: The Offer for Sale The Fresh Issue Our Company proposes to utilize the Net Proceeds from the Fresh Issue (“Net Proceeds”) towards the following objects: 1. Funding the Working Capital Requirements of the Company 2. General Corporate Purposes
Narmada Bio-Chemical Limited IPO Details:
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||90 Cr.|
|Issue Price:||₹ 120-125 Per Equity Share|