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Upsurge Seeds of Agriculture IPO is a fixed price issue of Rs 22.81 crores. The issue is entirely a fresh issue of 19.01 lakh shares.
Upsurge Seeds of Agriculture IPO bidding started from July 29, 2022 and ended on August 2, 2022. The allotment for Upsurge Seeds of Agriculture IPO was finalized on Friday, August 5, 2022. The shares got listed on NSE SME on August 11, 2022.
Upsurge Seeds of Agriculture IPO price is ₹120 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹288,000.
Finshore Management Services Limited is the book running lead manager of the Upsurge Seeds of Agriculture IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Upsurge Seeds of Agriculture IPO RHP for detailed information.
| IPO Date | July 29, 2022 to August 2, 2022 |
| Listing Date | August 11, 2022 |
| Face Value | ₹10 per share |
| Price | ₹120 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 1,900,800 shares (aggregating up to ₹22.81 Cr) |
| Fresh Issue | 1,900,800 shares (aggregating up to ₹22.81 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 5,159,000 |
| Share holding post issue | 7,059,800 |
| Market Maker portion | 96,000 shares |
Upsurge Seeds of Agriculture IPO offers 1,900,800 shares. 902,400 (47.47%) to NII, 902,400 (47.47%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 96,000 (5.05%) |
| Other Shares Offered | 902,400 (47.47%) |
| Retail Shares Offered | 902,400 (47.47%) |
| Total Shares Offered | 1,900,800 (100%) |
Upsurge Seeds of Agriculture IPO opens on July 29, 2022, and closes on August 2, 2022.
| IPO Open Date | Friday, July 29, 2022 |
| IPO Close Date | Tuesday, August 2, 2022 |
| Basis of Allotment | Friday, August 5, 2022 |
| Initiation of Refunds | Monday, August 8, 2022 |
| Credit of Shares to Demat | Wednesday, August 10, 2022 |
| Listing Date | Thursday, August 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 2, 2022 |
Investors can bid for a minimum of 1200 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 | 1200 | ₹144,000 |
| Retail (Max) | 1 | 1200 | ₹144,000 |
| HNI (Min) | 2 | 2,400 | ₹288,000 |
| Lot Size Calculator | |||
Mr. Arvindkumar Jadavjibhai Kakadia, Mr. Viken Jentilal Kakadiya and Mrs. Sonalben Arvindbhai Kakadiya are the company promoters.
| Share Holding Pre Issue | 96.92% |
| Share Holding Post Issue | 70.82% |
Incorporated in 2017, Upsurge Seeds of Agriculture Limited (USA) is a seeds manufacturing company engaged in business of growing, developing, processing and marketing of variety of seeds for a range of field crops and vegetables. The company has a processing unit, which is equipped with modern technology and is spread across an area of more than 45,000 sq. feet, situated at Kuvadva, Rajkot.
The company sells its seeds under the brand name "USA seeds". As of March 31, 2022, Upsurge Seeds of Agriculture Limited has produced seeds for more than 40 different field crops and vegetables and have operations across India covering Gujarat, Maharashtra, and Rajasthan with more than 75 varieties of Crops.
The company's product portfolio includes crop seeds for Groundnut, Wheat, Cumin, Green Gram, Black Gram and vegetable seeds for Onion, Coriander Seeds, Fenugreek etc.
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 835.39 | 1763.73 | 21.92 | 92.14 | 42.14 |
| 31-Mar-21 | 1811.8 | 6290.31 | 85.31 | 324.45 | 127.45 |
| 31-Mar-22 | 4087.49 | 7577.15 | 396.44 | 1119.3 | 603.4 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Upsurge Seeds of Agriculture IPO is Rs 84.72 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 21.35 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] USAL has posted boosted bottom line for FY22 which is helping its IPO pricing to be around 22 P/E. Based on this ratio, the issue is fully priced. It placed shares at Rs. 60 in January 2022 and now mulls doubt the price from new investors. Of late many players have emerged in this segment raising cut-throat competition. The second IPO from a group company in a similar business raises concern. Considering all these, cash surplus/risk seekers may consider parking funds with a long-term perspective. Read detail review...
The Upsurge Seeds of Agriculture IPO is subscribed 80.50 times on August 2, 2022 5:00:00 PM. The public issue subscribed 59.29 times in the retail category, times in the QIB category, and 101.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 101.70 |
| Retail | 59.29 |
| Total | 80.50 |
| Listing Date | August 11, 2022 |
| BSE Script Code | |
| NSE Symbol | USASEEDS |
| ISIN | INE0CBM01019 |
| Final Issue Price | ₹120 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹120.00 |
| ₹140.00 |
| ₹135.00 |
| ₹147.00 |
| ₹147.00 |
Upsurge Seeds of Agriculture Limited
Plot No. 17, Shreenathji Industrial Estate,
National Highway 8-B, Kuvadva,
Rajkot, Gujarat 360023
Phone: +91- 96879 65596
Email: info@usalimited.in
Website: http://www.usaseedslimited.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: upsurgeipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Upsurge Seeds of Agriculture IPO is a SME IPO of 1,900,800 equity shares of the face value of ₹10 aggregating up to ₹22.81 Crores. The issue is priced at ₹120 per share. The minimum order quantity is 1200 Shares.
The IPO opens on July 29, 2022, and closes on August 2, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Upsurge Seeds of Agriculture IPO using UPI as a payment gateway. Zerodha customers can apply in Upsurge Seeds of Agriculture IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Upsurge Seeds of Agriculture IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Upsurge Seeds of Agriculture IPO opens on July 29, 2022 and closes on August 2, 2022.
Upsurge Seeds of Agriculture IPO lot size is 1200 Shares, and the minimum amount required is ₹144,000.
You can apply in Upsurge Seeds of Agriculture 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 Upsurge Seeds of Agriculture IPO will be done on Friday, August 5, 2022, and the allotted shares will be credited to your demat account by Wednesday, August 10, 2022. Check the Upsurge Seeds of Agriculture IPO allotment status.
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