Simran Agrovet IPO Details

SME

Simran Agrovet IPO DRHP (Draft Red Herring Prospectus) has been Filed with Exchange.

Simran Agrovet IPO price band has been fixed at ₹122 – ₹122 per share.The face value is ₹10 per share with a lot size of 1000.

Simran Agrovet IPO total issue size comprises 64,35,000 shares (aggregating up to ₹78.51 Cr.). This includes a fresh issue of 64,35,000 shares (aggregating up to ₹78.51 Cr.). Pre-issue shareholding stands at 1,20,00,000, which will increase to 1,84,35,000 post-issue.

The Lead Managers for Simran Agrovet IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Mark Corporate Advisors Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For detailed information, Refer to the Simran Agrovet Limited DRHP.

Simran Agrovet IPO Details

Open Date
-
Close Date
-
Listing Date
-
Issue Price
₹122 - ₹122
Face Value
₹10 per share
Lot Size
1000
GMP
₹0
Issue Type
IPO
Listing On
NSE
Type
Fixed Price Issue
Share holding pre issue
12000000
Share holding post issue
18435000
Total Issue Size
64,35,000 shares (aggregating up to ₹78.51 Cr.)
Fresh Issue
64,35,000 shares (aggregating up to ₹78.51 Cr.)
Offer for Sale
-
DRHP Status
Filed with Exchange

Simran Agrovet IPO Lot Size

ApplicationLotsSharesAmount
To be announced

Simran Agrovet IPO Reservation

Promoter Holding

Pre Issue:100%
Post Issue:-
Promoter Names:
Mr. Avneet Singh Bhatia, Mr. Dilraj Singh Bhatia, Mr. Sumeet Singh Bhatia, Mr. Kawaljeet Singh Bhatia

Documents

Simran Agrovet IPO Valuations

ROE:50.95%
ROCE:68.79%
RONW:50.95%
PRICE TO BOOK VALUE:6.70
P/E Pre IPO:13.15
P/E Post IPO:20.2

Simran Agrovet Financial Information

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets138.3086.4534.16
Total Income568.00370.4989.24
Profit After Tax11.137.170.78
EBITDA14.848.40-0.01
NET Worth21.8510.723.55
Reserves and Surplus18.857.720.55
Total Borrowing15.9011.257.05
Amount in ₹ Crore

About Simran Agrovet IPO

Incorporated in 2017, Simran Agrovet Limited is engaged in the manufacturing of poultry feed, integration and contract farming with poultry farmers.

The company has an in-house production capacity of 66,000 MT per annum of poultry feed which is spread over 0.901 hectare of land, situated in Survey No. 701/1, Gram Memdi, Mhow, Indore.

The company integrated poultry enterprise engaged in the hatching, rearing, and marketing of poultry, including day-old chicks, broiler chickens, and poultry feed. Their operations span the full poultry value chain—from hatching fertile eggs and raising chicks under controlled bio-secure conditions through third-party partners, to contract farming of broilers and in-house feed production.

Business Verticals:

  • Poultry Feeds
  • Integration and Contract Farming with Poultry Farmers

Competitive Strengths:

  • Market Leadership
  • Competitive Pricing
  • Price Leadership
  • Established Brand Presence
  • Strong Distribution Network
  • High-Quality Products

Strength Of Simran Agrovet IPO

To be announced

Risk Of Simran Agrovet IPO

To be announced

Objectives Simran Agrovet IPO

1. Project for setting-up of Breeding Farm Facility, Hatchery Facility and Expansion of the Feed Mill Plant

2. Working Capital Requirement

3. General Corporate Purposes

Company Contact Details

Simran Agrovet Ltd.
624-E, Second Floor,
Opposite Vikas Rekha Complex,
Khatiwala Tank, Indore G.P.O.,
Indore, Madhya Pradesh, 452001
Phone: +91 8435505900
Email: compliance@successfeeds.com
Website: https://simranagrovet.com/

Registrar Contact Details

Name: Skyline Financial Services Private Ltd
Phone: +91-22-28511022

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