Vishwas Agri Seeds Ltd - IPO

Vishwas Agri Seeds Ltd IPO Details

Initial public offer of upto 30,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Vishwas Agri Seeds Limited (the Company or VASL or The Issuer) for cash at a price of Rs. 86 per share (including a share premium of Rs. 76 per equity share) (the Issue Price), aggregating to Rs. 25.80 crores (The Issue), of which upto 1,52,000 equity shares of Rs. 10 each will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of upto 28,48,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 30.00% and 28.48%, respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 8.6 time of the face value.

Objective of issue

To furnish the corporate office building. Topurchase equipment for setting up seed testing laboratory. To set-up Greenhouse (Fan-Pad System). To install roof top solar monocrystalline panels (129.6KW). Additional working capital requirement. General corporate purposes.

Vishwas Agri Seeds Ltd Contact Details

Vishwas Agri Seeds Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - cs@vishwasagriseeds.com

Website - www.vishwasagriseeds.com