Upsurge Seeds of Agriculture Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 902,400 (47%) | — | ₹1,083 Cr |
| Retail | — | 902,400 (47%) | — | ₹1,083 Cr |
| Market Maker | — | 96,000 (5%) | — | ₹12 Cr |
| Σ Total | — | 1,900,800 (100%) | — | ₹22,810 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹144,000 |
| Retail (Max) | 13 | 15,600 | ₹1,872,000 |
| S-HNI (Min) | 14 | 16,800 | ₹2,016,000 |
| B-HNI (Min) | 67 | 80,400 | ₹9,648,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Revenue | 1,764 | 6,290 | 7,577 |
| Profit After Tax | 22 | 85 | 396 |
| Net Worth | 92 | 324 | 1,119 |
| Total Assets | 835 | 1,812 | 4,087 |
| Reserves & Surplus | 42 | 127 | 603 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- To meet the Working Capital requirements. –
- General Corporate Purpose. –
- To meet Issue Expenses. –
Company Overview
Incorporated in 2017, Upsurge Seeds of Agriculture Limited (USA) is a seeds manufacturing company engaged in business of growing, developing, processing and marketing of variety of seeds for a range of field crops and vegetables. The company has a processing unit, which is equipped with modern technology and is spread across an area of more than 45,000 sq. feet, situated at Kuvadva, Rajkot.
The company sells its seeds under the brand name "USA seeds". As of March 31, 2022, Upsurge Seeds of Agriculture Limited has produced seeds for more than 40 different field crops and vegetables and have operations across India covering Gujarat, Maharashtra, and Rajasthan with more than 75 varieties of Crops.
The company's product portfolio includes crop seeds for Groundnut, Wheat, Cumin, Green Gram, Black Gram and vegetable seeds for Onion, Coriander Seeds, Fenugreek etc.
Competitive Strengths:
- Wide Range of Seeds and its Variants
- Quality Assurance
- Customer Satisfaction
- Experienced Promoter supported by dedicated Management team
- Proven track record of robust financial performance