Upsurge Seeds IPO description – The company is engaged in business of growing, developing, processing and marketing of seeds for a range of field crops and vegetables. It is primarily involved in seed processing wherein the improved genetic materials of the breeder seed is grown and multiplied into foundation seed.
It has different variants of seeds for each crop depending upon suitability of seeds for varying agro-climatic conditions, such as water availability, crop duration and soil attributes, across different geographic regions in India.
Accredited with ISO 9001:2015, the company sells its seeds under the brand name “USA seeds”. As of 31 March 2022, the company produced seeds for more than 40 different field crops and vegetables and has operations across India covering Gujarat, Maharashtra, Rajasthan with more than 75 varieties of crops. Its product portfolio includes crop seeds for Groundnut, Wheat, Cumin, Green Gram, Black Gram and vegetable seeds for Onion, Coriander Seeds, Fenugreek etc.
Its promoter, Mr Arvindkumar Jadavjibhai Kakadia has over 23 years of experience in the agriculture industry and is also the Managing Director of Bombay Super Hybrid Seeds Limited which is a listed group company.
Promoters of Upsurge Seeds of Agriculture – Mr Arvindkumar Jadavjibhai Kakadia, Mr Viken Jentilal Kakadiya and Mrs Sonalben Arvindbhai Kakadiya
Upsurge Seeds IPO Details
| Subscription Dates | 29 July – 2 August 2022 |
| Price Band | INR120 per share |
| Fresh issue | 19,00,800 shares (INR22.81 crore) |
| Offer For Sale | Nil |
| Total IPO size | 19,00,800 shares (INR22.81 crore) |
| Minimum bid (lot size) | 1,200 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Upsurge Seeds Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Revenue | 1,763.7 | 6,290.3 | 7,577.2 |
| Expenses | 1,734.3 | 6,183.4 | 7,151.7 |
| Net income | 21.9 | 85.3 | 396.4 |
Upsurge Seeds Offer News
Upsurge Seeds Valuations & Margins
| FY2020 | FY2021 | FY2022 | |
| EPS | 1.53 | 5.23 | 9.79 |
| PE ratio | – | – | 12.26 |
| RONW (%) | 23.78 | 26.29 | 35.42 |
| ROCE (%) | 16.68 | 21.37 | 36.45 |
| Debt/Equity | 2.32 | 1.00 | 0.16 |
| NAV | 18.43 | 16.47 | 21.70 |
Upsurge Seeds IPO GMP Daily Trend
| Date | Upsurge Seeds IPO GMP | Kostak | Subject to Sauda |
Upsurge Seeds IPO Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 9,50,400 | 9,50,400 | 19,00,800 |
| Day 1 | 0.55 | 3.65 | 2.10 |
| Day 2 | 4.02 | 19.03 | 11.53 |
| Day 3 | 96.57 | 56.29 | 76.43 |
Upsurge Seeds IPO Lead Manager
Finshore Management Services Limited
Anandlok Building, Block-A,
2nd Floor, Room No. 207,
227 A.J.C Bose Road,
Kolkata-700020, West Bengal
Phone: +91 033 22895101/46032561
Email: [email protected]
Website: www.finshoregroup.com
Upsurge Seeds Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.co.in
Upsurge Seeds IPO Contact Details
Upsurge Seeds of Agriculture Limited
Plot No. 17, Shreenathji Industrial Estate,
National Highway 8-B, Kuvadva,
Rajkot, Gujarat – 360023
Phone: +91 96879 65596
E-mail: [email protected]
Website: www.usaseedslimited.com
Upsurge Seeds IPO Allotment Status
Upsurge Seeds IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Upsurge Seeds IPO Timetable
| IPO Opening Date | 29 July 2022 |
| IPO Closing Date | 2 August 2022 |
| Finalisation of Basis of Allotment | 5 August 2022 |
| Initiation of refunds | 8 August 2022 |
| Transfer of shares to demat accounts | 10 August 2022 |
| Listing Date | 11 August 2022 |
| Opening Price on NSE SME | INR140 per share (up 16.67% from IPO price) |
| Closing Price on NSE SME | INR147 per share (up 22.5% from IPO price) |
Upsurge Seeds IPO FAQs
What is Upsurge Seeds offer size?
Upsurge Seeds offer size is INR22.81 crore.
What is Upsurge Seeds IPO Price Band?
Upsurge Seeds public offer price is INR120 per share.
What is the lot size of Upsurge Seeds IPO?
Upsurge Seeds offer lot size is 1,200 shares.
What is Upsurge Seeds IPO GMP today?
Upsurge Seeds IPO GMP today is NA per share.
What is Upsurge Seeds kostak rate today?
Upsurge Seeds kostak rate today is NA per application.
What is Upsurge Seeds Subject to Sauda rate today?
Upsurge Seeds Subject to Sauda rate today is NA per application.
