Narmada Bio-Chem IPO overview – Narmada Bio-Chem is engaged in manufacturing of various types of chemical and organic fertilizers and also trades in chemical compounds and organic fertilisers. The company started with manufacturing of different grades of NPK fertilizers but has widened its product base over the years. Currently, its product portfolio includes different types of chemical and organic fertilizers viz. various grades of NPK, Single Super Phosphate (powdered and granulated), organic manure, PROM, mix micro nutrients, water soluble fertilizers, soil conditioners, etc. Since past few years, Narmada Bio-Chem has been focusing on the organic fertilizer segment where it has been predominantly engaged in the production and marketing of Fertiliser Control Order (FCO) specified organic fertilizers grades. The company has a distribution network of more than 750 distributors spread over 10 states.
Narmada Bio-Chem currently has four production facilities: Unit I & II at Changodar, Ahmedabad, Unit III at Malarpura, Kheda and Unit IV at Kalyangadh, Bavla, Ahmedabad. As at 31 March 2018, these four facilities had a combined installed capacity of around 3,02,000 MT per annum and each of the manufacturing facilities has the ability to manufacture different type of products. The company is also exploring the pesticides markets and has entered into marketing agreement with few parties for contract manufacturing of pesticides which shall be marketed under its brand.
Narmada Bio-Chem promoters – Mr Dineshbhai Dhirubhai Patel and Adeshwar Distributors Private Limited
| Narmada Bio-Chem – Upcoming IPO details | |
| Subscription Dates | To be updated |
| Price Band | To be updated |
| Fresh issue | 5,400,000 shares |
| Offer For Sale | 1,800,000 shares |
| Total IPO size | 7,200,000 shares |
| Minimum bid (lot size) | To be updated |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Objects of the issue
- Funding working capital requirements – INR48 crore
- General corporate purposes
- Issue expenses
| Narmada Bio-Chem’s financial performance (in INR crore) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | FY2018 | ||
| Total revenues | 152.5 | 178.3 | 237.0 | 177.6 | 173.2 | |
| Total expenses | 139.8 | 161.9 | 217.5 | 167.3 | 155.6 | |
| Profit after tax | 8.5 | 11.2 | 13.1 | 7.5 | 12.3 | |
| Net margin (%) | 5.6 | 6.3 | 5.5 | 4.2 | 7.1 | |
Narmada Bio-Chem Contact Details
Narmada Bio-Chem Limited
“Narmada House”, Plot No. 252, TP No. 50
Nr. Sun Builders, Sindhu Bhavan Road
Bodakdev, Ahmedabad – 380054
Phone: +91 079 29705173/74/75
Email: [email protected]
Website: www.nbclindia.com
Registrar of Narmada Bio-Chem IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: [email protected]
Website: www.nbclindia.com
Valuation of Narmada Bio-Chem (FY2018)
Earnings Per Share (EPS): INR7.81
Price/Earnings (P/E) ratio: To be updated
Return on Net Worth (RONW): 12.11%
Net Asset Value (NAV): INR64.50 per share
Narmada Bio-Chem IPO Subscription Details
| Category | Shares offered | Subscription (no. of times) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | ||||
| NII | ||||
| Retail | ||||
| Total | ||||
Narmada Bio-Chem IPO Allotment Status
Narmada Bio-Chem IPO allotment status will be available on Karvy Computershare’s website. Click on this link to get allotment status.
Listing Performance of Narmada Bio-Chem
IPO Opening Date: To be updated
IPO Closing Date: To be updated
Finalisation of Basis of Allotment: To be updated
Initiation of refunds: To be updated
Transfer of shares to demat accounts: To be updated
Listing Date: To be updated
Listing Price on NSE: To be updated
Closing Price on NSE: To be updated