Business description – Narmada Agrobase is an ISO 9001:2015 certified company and is engaged in manufacturing & processing of cotton seed meal cake, cattle feeds and soya bean meal. The products manufactured by the company are used for feeding of cattle which provides high amount of proteins and other nutrients required by them. Also the by-products of its products is used in textiles Industry, consumer goods industry and paper industry. The company is a manufacturer and exporter of cotton seed meal, guar meal, delinted cotton seed, organic fertilizers and cattle feed under the brand name of “Churma” and “Gaay Chhaap Narmada Pashu Aahar”.
Promoters of Narmada Agrobase – Mr Neerajkumar Sureshchandra Agrawal and Mr Suresh Chandra Gupta
| Narmada Agrobase IPO details | |
| Subscription Dates | 28 March – 11 April 2018 |
| IPO Price band | INR32 per share |
| Fresh issue | 2,340,000 shares (INR7.49 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,340,000 shares (INR7.49 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge SME platform |
Use of funds
- Working Capital Requirements – INR6.00 crore
- General Corporate Purposes – INR1.19 crore
- Issue Expenses – INR0.30 crore
| Narmada Agrobase’s financial performance (in INR lakh) | ||||||
| FY2014 | FY2015 | FY2016 | FY2017 | 6M FY2018 | ||
| Total revenue | 209.7 | 2,203.7 | 3,070.7 | 3,444.9 | 1,740.3 | |
| Total expenses | 207.4 | 2,186.2 | 3,046.9 | 3,404.9 | 1,714.6 | |
| Profit after tax | 2.3 | 17.4 | 23.8 | 40.0 | 25.7 | |
Narmada Agrobase’s Contact Details
Narmada Agrobase Limited
310, Sudarshan Complex
Mithakhali Underbridge, Navrangpura
Ahmedabad – 380009
Phone: +91 79 4037 0886
Email: [email protected]
Website: www.narmadaagrobase.com
Narmada Agrobase IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.00 |
| Day 2 | 0.01 |
| Day 3 | 0.02 |
| Day 4 | 0.02 |
| Day 5 | 0.03 |
| Day 6 | 0.05 |
| Day 7 | 0.21 |
| Day 8 | 0.47 |
| Day 9 | 1.14 |
Narmada Agrobase Valuation (Latest FY)
Earnings Per Share (EPS): INR0.85
Price/Earnings (P/E) ratio: 37.65
Return on Net Worth (RONW): 12.48
Net Asset Value (NAV): INR6.81 per share
Registrar of Narmada Agrobase 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.karvycomputershare.com
Narmada Agrobase IPO Allotment Status
Narmada Agrobase IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.
Listing performance of Narmada Agrobase
IPO Opening Date: 28 March 2018
IPO Closing Date: 11 April 2018
Listing Date: 19 April 2018
Listing Price on NSE SME: INR31.45 per share (down 1.71% from IPO price)
Closing Price on NSE SME: INR32.50 per share (up 1.56% from IPO price)
