Narmada Bio-Chem IPO

Narmada Bio-Chem IPONarmada 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]

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 
 +91 40 2343 1551 
[email protected]

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
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


Please enter your comment!
Please enter your name here