Business description – Established in the year 2000, Bombay Super Hybrid Seeds is a manufacturer and supplier of premium grade Agricultural Seeds. The company is instrumental in rendering a wide assortment of ISO 9001:2008 certified quality products including Sesame Seeds, Guar Seeds, and Coriander Seeds. The company deals in own brands like Kasturi and Bombay. Its product range has jumped to more than 27 crops with more than 111 varieties in a span of just 8 years with expansion in Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, Andhra Pradesh and Karnataka with necessary approved licenses. The company has also successfully established distribution network of 350 plus dealers. It has also established state of art fully equipped seed processing unit and seed testing laboratory.
Promoters of Bombay Super Hybrid Seeds – Mr Arvindkumar Jadavbhai Kakadia and Mr Kiritkumar Jadavjibhai Kakadia
| Bombay Super Hybrid Seeds IPO details | |
| Subscription Dates | 12 – 17 April 2018 |
| IPO Price band | INR60 per share |
| Fresh issue | 1,732,000 shares (INR10.39 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,732,000 shares (INR10.39 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR5 crore
- Repayment of Loan – INR3 crore
- General Corporate Expenses – INR2 crore
- Issue Expenses – INR0.39 crore
| Bombay Super Hybrid Seeds’ financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 9M FY2018 | |
| Total revenue | 15.7 | 30.1 | 31.3 | 63.1 | 109.7 | 72.9 |
| Total expenses | 15.3 | 29.8 | 31.2 | 62.7 | 109.5 | 71.6 |
| Profit after tax | 0.27 | 0.25 | 0.04 | 0.27 | 0.80 | 0.87 |
Bombay Super Hybrid Seeds’ Contact Details
Bombay Super Hybrid Seeds Limited
Shrinathji Industrial Estate, Plot No.-11
Near Kuvadava GIDC, 8-B, National Highway
Rajkot – 360023
Phone: +91 9687967096
Email: [email protected]
Website: www.bombaysuperseeds.com
Bombay Super Hybrid Seeds IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.43 |
| Day 2 | 0.64 |
| Day 3 | 1.59 |
| Day 4 | |
Bombay Super Hybrid Seeds Valuation (Latest FY)
Earnings Per Share (EPS): INR2.48
Price/Earnings (P/E) ratio: 24.19
Return on Net Worth (RONW): 18.87%
Net Asset Value (NAV): INR13.33 per share
Registrar of Bombay Super Hybrid Seeds IPO
Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India
Phone: +91 22 2851 1022
Email: [email protected]
Website: www.skylinerta.com
Bombay Super Hybrid Seeds IPO Allotment Status
Bombay Super Hybrid Seeds IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.
Listing performance of Bombay Super Hybrid Seeds
IPO Opening Date: 12 April 2018
IPO Closing Date: 17 April 2018
Finalisation of Basis of Allotment: 20 April 2018
Initiation of refunds: 23 April 2018
Transfer of shares to demat accounts: 24 April 2018
Listing Date: 25 April 2018
Listing Price on NSE SME: INR60 per share (no change from IPO price)
Closing Price on NSE SME: INR63 per share (up 5% from IPO price)