ShreeOswal Seeds and Chemicals Limited IPO
(i) Shree Oswal Seeds and Chemicals Limited is a trusted name in the industry when it comes to quality products and on-time delivery of those goods. The Company, ShreeOswal Seeds and Chemicals Limited an ISO 22000:2005 certified Company is engaged in the business of production, processing and sale of different kind of agricultural seeds, maize and soyabean.
(ii) Their journey of production, processing and sale of agricultural seed began in the year 2002 by their promoters Sanjay Kumar Baigani and Anil Kumar Nahata, as a partnership concern by the name of M/s Oswal Seeds and Chemicals. By gaining an insight of the industry coupled with an foreseeing growth opportunity, they converted their partnership concern into public limited Company in the year 2017.
(iii) The Company processes various kinds of seeds at its processing unit which is located at Neemuch, Madhya Pradesh. At present, the Company processes 5 varieties of wheat seed, 5 varieties of soya bean seed, 3 varieties of Mustard seed, 1 variety of black gram, 1 variety of corn seeds and 1 Variety of isabgol/psyllium. The products are marketed under the brand name of OSWAL. The majority of their sales are through their own Brand which contributed 66.00 %, 85.32 % and 95.25 % respectively to their total sales for the financial year ended March 31, 2015, 2016, and 2017 respectively.
(iv) The Liaising/Contracting with individual farmers is one of the major step in their production mechanism. Upto November 30, 2017 the company have entered into contracts with 752 farmers, thereby giving them an access to around 2680 hectres of land.
(v) The Company has one subsidiary Company in the name of Shree Oswal Psyllium Export India Limited, is engaged in the business of manufacturing, processing and sale of psyllium husk and psyllium husk powder. The Subsidiary also produces by products of psyllium such as cattle feed. Psyllium is a herbal plant and its leaves, seeds, husks, etc. are used on a large scale as effective herbal medicines. Psyllium products are used as curative solutions for a number of stomach problems and indigestion complications. It is a natural product and has no side effects at all. Oswal Psyllium Exporter is a leading manufacturer, exporter and supplier of well processed Psyllium Seeds, Psyllium Husks, Psyllium Powder, Agricultural Seeds, Industrial Grade Khakha Powder, etc. These products are naturally processed, dehusked and filtered at our modern manufacturing unit.
(vi) The company has a diversified customer base covering states like Bihar, Jharkhand, Maharashtra, Madhya Pradesh, Rajasthan, Uttar Pradesh, Delhi and Punjab. They mainly market their product through different revenue channels which includes network of distributors, marketing agents and direct to consumers.
Objects of the ShreeOswal Seeds and Chemicals Limited IPO:
ShreeOswal Seeds and Chemicals Limited IPOare: 1. Purchase of New Plant and Machinery 2. Funding the Working Capital Requirement of the Company 3. General Corporate Purpose
ShreeOswal Seeds and Chemicals Limited IPO Details:
|Open Date:||Jun 07 2018|
|Close Date:||Jun 12 2018|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built Issue IPO|
|Issue Size:||11.90 Cr.|
|Lot Size:||4000 Shares|
|Issue Price:||₹ 25-26 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Jun 19 2018|
Promoters And Management:
|(i) Authorized Share Capital 1,80,00,000 shares at FV@10)||18 Cr|
|(ii) Issued, Subscribed,& Paid-up Share Capital Before Issue (1,06,69,000Shares at FV@10)||10.669 Cr|
|(iii) Present Issue ( 45,78,000 Shares at FV@10)||4.578 Cr|
|(iv) Reservation for Market Maker ( 2,34,000 Shares at FV@10)||23.4 Lacs|
|(v) Net Issue to Public (45,78,000-2,34,000= 43,44,000 Shares)||4.34 Cr|
|(vi) QIB & HNI quota-21,72,000||50%|
|(vii) Retail Quota - 21,72,000||50%|
|(viii) Paid Up Share Capital after the issue||15.247 Cr|
Financials of ShreeOswal Seeds and Chemicals Limited IPO as per DRHP:
|1. Assets and Liabilities Key Parameters|
|Year||Asset(Lacs)||Liabilities(Lacs)||Net Worth(Lacs)||Book Value||D/E||RONW||Receiveable days|
|3. Cash Flow Statement(all figures in Lacs)|
|(i) Net Cash Generated from Operation||692.7||443.42||-631.22||-506.65||-68.08|
|(ii) Net Cash Generated from Investment||3.8||-89.64||-20.91||-12.03||-105.28|
|(iii) Net Cash Generated from Financing Activity||-357.83||-478.61||805.51||518.11||197.41|
|(iv) Total[ (i)+(ii)+(iii) ]||338.67||-124.83||153.38||-0.57||24.05|
Comparison With Peers:
Recommendation on ShreeOswal Seeds and Chemicals Limited IPO:
ShreeOswal Seeds and Chemicals Limited IPOfrom our side is: Rating: 4/10. 1-5: Fair 5-7: Good 7-10: Excellent
Lead Manager of ShreeOswal Seeds and Chemicals Limited IPO:
Registrar of ShreeOswal Seeds and Chemicals Limited IPO:
Bid Details of ShreeOswal Seeds and Chemicals Limited IPO as on
12-Jun-2018 17:00:00 IST
|Category||No.of shares offered||No. of shares bid|