ShreeOswal Seeds & Chemicals IPO is set to make its debut on 7th June 18 with 11.90 Cr is a third-party logistics solutions provider.
ShreeOswal Seeds & Chemicals IPO – overview
| IPO Dates | 7-12 June 18 |
| IPO Price | INR 26 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 4,576,000 shares (INR 11.90 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
ShreeOswal Seeds & Chemicals IPO – Tentative Dates
| IPO Offer Opening Date | 07 June 2018 |
| IPO Closing Date | 12 June 2018 |
| Finalization of Basis of Allotment | 14 June 2018 |
| Initiation of refunds | 15 June 2018 |
| Transfer of shares to demat accounts | 18 June 2018 |
| IPO Listing Date | 19 June 2018 |
Company Overview
Incorporated in 2002, Madhya Pradesh based ShreeOswal Seeds and Chemicals Limited is an ISO 22000:2005 certified company engaged in the business of production, processing, and sale of different kind of agricultural seeds like wheat,maize,soybean,mustard,etc.
The Company processes various kinds of seeds at its processing unit located at Neemuch, Madhya Pradesh. It processes 5 varieties of wheat seeds, 5 varieties of soya bean seeds, 3 varieties of Mustard seeds, 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. Most of the sales are through its own Brand which contributed 66.00 %, 85.32 %, and 95.25 % respectively to the total sales for the financial year ended March 31, 2015, 2016, and 2017 respectively.
ShreeOswal has a diversified customer base covering states like Bihar, Jharkhand, Maharashtra, Madhya Pradesh, Rajasthan, Uttar Pradesh, Delhi, and Punjab. The Company operates through a network of distributors and dealers and has an association with more than 114 dealers and distributors.
Strengths of the Company-
1. A diverse portfolio of seeds products
2. Wide distribution network across many states
3. Established brand name of OSWAL
Objects of the Issue
1. Purchase of New Plant & Machinery
2. Funding the working capital requirements of the Company
3. General corporate purposes.
Company Contact Information
ShreeOswal Seeds & Chemicals Limited
Oswal House
Nasirabad Highway, Village Kanwati
Neemuch- 458441 , Madhya Pradesh
Phone: +91 7423-297006
Email: info@oswalseeds.com
Website: http://www.oswalseeds.com
ShreeOswal Seeds & Chemicals IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
ShreeOswal Seeds & Chemicals IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
