Narmada Agrobase Limited IPO

Narmada Agrobase Limited Profile

Narmada Agrobase Limited IPO Updates- Price, Subscription details , Allotment Status, Listing Date and Grey Market Premium (GMP)
Narmada Agrobase Limited IPO

Narmada Agrobase Limited is an ISO 9001:2015 certified company and engaged in manufacturing & processing of cottonseed meal cake, cattle feed and soya bean meal. The products manufactured 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 Products are used in textiles Industry, Consumer Goods Industry, and Paper Industry. The registered office and factory situated at 613/P-1 IJ Pura (Jethaji) Dhanpura Road, Tal. Jotana, Mahesana -384421, Gujarat, India.

 Narmada Agrobase Limited was originally incorporated on January 29, 2013, as “Narmada Agrobase Private Limited” vide Registration No. 073468/ 2012-2013 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra, and Nagar Haveli. Further, Company was converted into Public Limited Company and consequently name of company was changed from “Narmada Agrobase Private Limited” to “Narmada Agrobase Limited” vide Special resolution passed on December 05, 2017 by the Shareholders at the Extra Ordinary General Meeting held and a fresh certificate of incorporation dated December 11, 2017, issued by the Registrar of Companies, Ahmedabad.

Presently the promoters of the Company are Mr. Suresh Chandra Gupta and Mr. Neerajkumar Sureshchandra Agrawal who have experience of about three decades in cattle feed, cottonseed meal cake and soya bean meal manufacturing business. The vast experience of the Promoters has been instrumental in determining the vision and growth strategies for Company. They further believe that companies market position has been achieved by adherence to the vision of Promoters and senior management team and their experience of over a decade in the industry in which the Company operates.

They are manufacturer and exporter of cottonseed meal, guar meal, delinted cottonseed, organic fertilizers, and cattle feed under own brand name of “Churma” and “Gaay Chhaap Narmada Pashu Aahar”. Narmada Agrobase Private Limited Company has a flagship brand which commands a high reputation worldwide for quality products, efficient services and level of reliability as a stable supplier of quality products in cattle feed Industries. The products offered by them are processed using quality ingredients sourced from the selected vendors of the market. Before packaging and distributing, the raw material is inspected by Quality Assurance team after properly graded and processed.

Narmada Agrobase Limited Promoters:

Mr. Neerajkumar Sureshchandra Agrawal and Mr. Suresh Chandra Gupta are the Promoters of the Company.

Narmada Agrobase Limited IPO details:


Symbol: NARMADA

Issue Size: the Public issue of 23,40,000 Equity Shares (including Market Maker reservation portion of 1,24,000 equity shares)

Face Value: Rs 10

Price Range: Rs 32

Issue Type: Fixed Price

Bid Lot: 4000 Equity Shares and in multiples thereof.

Minimum Order Quantity: 4000 Equity Shares

Issue Period: 28-March -2018 to 11-April-2018

Maximum Subscription Amount for Retail Investor: Rs. 2,00,000

Name of the Registrar:    Karvy Computershare Private Limited

IPO Market Timings: 10.00 a.m. to 5.00 p.m.

Listing at: NSE SME

Narmada Agrobase Limited Financials:


 

  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)

 

Narmada Agrobase Limited Allotment Status:


Narmada Agrobase Limited IPO Allotment Date:  N/A

Narmada Agrobase Limited IPO Listing Date: N/A

IPO Allotment Status
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