Vishwas Agri Seeds Ltd IPO share allotment to be finalised today; here’s how to check status online

VishwasAgri Seeds IPO share allotment is expected to be finalised on Wednesday, March 27. The small and medium enterprises (SME) initial public offer (IPO) was subscribed over 12.34 times on the final day of bidding.

The company received bids for a total of 3.4 crore shares against 28.4 lakh shares on offer, according to NSE data. The public issue was available for subscription between March 21 and March 26

Vishwa Agri Seeds Ltd is engaged in the business of processing and supplying seeds to farmers under the brand name Vishwas.

Vishwa Agri Seeds IPO, consisting entirely of a fresh issue of 30 lakh shares, was received with enthusiastic responses from investors across categories.

Vishwas Agri Seeds IPO was subscribed over 11.56 times by retail investors while the non-institutional investors’ quota was subscribed 12.85 times.

Investors, who submitted bids for shares in Vishwas Agri Seeds IPO, can check the allotment status online through the official website of the registrar for the public issue – Bigshare Services Pvt Ltd.

How to check Vishwas Agri Seeds IPO allotment status online?

• Log in to Bigshare Services' official website—https://www.bigshareonline.com/Index.aspx
• Click on the IPO Allotment Status tab on the home on the homepage
• Select any one of the server links displayed on the screen to proceed with your request
• You will be redirected to a new page
• Select Vishwas Agri Seeds Ltd from the dropdown menu under the select IPO tab. It must be noted that the company's name will be displayed only after the finalisation of allotment.
• Fill in the required details like PAN, IPO application number, DP/client ID and the bank account number/IFSC as directed.
• Click on submit.

Your allotment status will be displayed on the screen only after the company finalises the share allocation. In case of final allotment, the number of allotted shares will also be displayed on the screen.

How to check Vishwas Agri Seeds IPO allotment via NSE?

• Head to the official website of NSE's – nseIndia.com
• Create a new registration using the required details
• Now, log in to your account using credentials.
• Select Vishwas Agri Seeds IPO from the dropdown list
• Enter PAN details and application number
• Click on submit.

After the allotment of shares, Vishwas Agri Seeds will start crediting shares into the Demat account of successful bidders along with refunds for non-allottees on March 28. Vishwas Agri Seeds Ltd shares are tentatively scheduled to get listed on the NSE Emerge platform on Monday, April 1.

Vishwas Agri Seeds IPO Details

Vishwas Agri Seeds IPO consists entirely of a fresh issue of 30 lakh shares including a market maker portion of 1,52,000 shares. The company has set a fixed price band of ₹86 per share, intending to raise ₹25.8 crore through the IPO.

Retail investors could have submitted their bids with a minimum lot size of 1600 shares aggregating to ₹1,37,600. High net worth individuals (HNI) could have bid for a minimum of 2 lots or 3200 shares, totalling, ₹2,75,200.

Proceeds from the Vishwas Agri Seeds IPO will be utilised toward capital expenditure on equipping the corporate office, setting up a greenhouse, and installing rooftop solar monocrystalline panels (129.6 kW). A part of the money raised will be used towards funding the working capital requirement and general corporate purposes.

Vishwas Agri offers a comprehensive range of over 75 hybrid seeds such as chilli, tomato, brinjal, and watermelon. The company has a strong presence in states like Maharashtra, Gujarat and Rajasthan.

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