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Narmada Agrobase IPO is a fixed price issue of Rs 7.48 crores.
Narmada Agrobase IPO bidding started from March 28, 2018 and ended on April 11, 2018. The shares got listed on NSE SME on April 19, 2018.
Narmada Agrobase IPO price is ₹32 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹128,000.
Corporate Capitalventures Pvt Ltd is the book running lead manager of the Narmada Agrobase IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Narmada Agrobase IPO RHP for detailed information.
| IPO Date | March 28, 2018 to April 11, 2018 |
| Listing Date | April 19, 2018 |
| Face Value | ₹10 per share |
| Price | ₹32 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,340,000 shares (aggregating up to ₹7.48 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,187,063 |
| Share holding post issue | 7,527,063 |
| Market Maker portion | 124,000 shares |
Narmada Agrobase IPO offers 2,464,000 shares. 1,108,000 (44.97%) to NII, 1,108,000 (44.97%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 124,000 (5.03%) |
| Other Shares Offered | 1,108,000 (44.97%) |
| Retail Shares Offered | 1,108,000 (44.97%) | Other Shares Offered | 124,000 (5.03%) |
| Total Shares Offered | 2,464,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹128,000 |
| Retail (Max) | 1 | 4000 | ₹128,000 |
| Lot Size Calculator | |||
Incorporated in 2013, Narmada Agrobase Limited is a Gujarat based company engaged in manufacturing & processing of cottonseed meal cake, cattle feed and soya bean meal. The products manufactured by the company are used for the feeding of cattle which provides a high amount of proteins and other nutrients required by them. Also, the by-products of the Products are used in textiles Industry, Consumer Goods Industry, and Paper Industry.
The company manufactures and exports its products under the brand name of "Churma" and "Gaay Chhaap Narmada Pashu Aahar".
Narmada Agrobase has 9 employees (including Registered Office Staff and Factory Workmen and Corporate Office) on
payroll and it also hires contract labor in the factories as per requirement.
| Particulars | For the year/period ended (in Rs. Lacs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 1,367.01 | 1,072.64 | 896.18 | 528.13 | 5 | |
| Total Revenue | 3,444.89 | 3,070.72 | 2,203.68 | 209.69 | 0.00 | |
| Profit After Tax | 30.29 | 18.90 | 13.88 | (-2.49) | -- | |
The objects of the Issue are-
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
[Dilip Davda]
Considering exorbitantly priced offer, there is no harm in giving it a miss.
Read detail review...The Narmada Agrobase IPO is subscribed 1.21 times on April 11, 2018 5:00:00 PM. The public issue subscribed 1.48 times in the retail category, times in the QIB category, and 0.93 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.93 |
| Retail | 1.48 |
| Total | 1.21 |
| Listing Date | April 19, 2018 |
| BSE Script Code | |
| NSE Symbol | NARMADA |
| ISIN | INE117Z01011 |
| Final Issue Price | ₹32 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹32.00 |
| ₹31.95 |
| ₹30.60 |
| ₹31.95 |
| ₹31.90 |
Narmada Agrobase Limited
310, Sudarshan Complex,
Mithakhali Underbridge, Navrangpura
Ahmedabad - 380009
Phone: +91-79-4037 0886
Email: cs@narmadaagrobase.com
Website: http://www.narmadaagrobase.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Narmada Agrobase IPO is a SME IPO of 2,340,000 equity shares of the face value of ₹10 aggregating up to ₹7.48 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000 Shares.
The IPO opens on March 28, 2018, and closes on April 11, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Narmada Agrobase IPO opens on March 28, 2018 and closes on April 11, 2018.
Narmada Agrobase IPO lot size is 4000 Shares, and the minimum amount required is ₹128,000.
You can apply in Narmada Agrobase IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Narmada Agrobase IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Narmada Agrobase IPO allotment status.
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IPOANALYSIS| Link | Bookmark |April 19, 2018 10:52:07 AM