Upsurge Seeds of Agriculture Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

29 Jul 2022

Close Date

02 Aug 2022

Allotment

05 Aug 2022

Listing Date

01 Aug 2022

Exchange

NSE SME

Price Band

₹120

Listing Price

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Allotment Status

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Price Band

₹120

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

19,00,800 shares (aggregating up to ₹22.81 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

51,59,000 shares

Promoters

Post-IPO Holding

70,59,800 shares

Promoters

P/E (Pre)

21.35x

UPI Deadline

2022-08-02

Mandate

Anchor AllotmentThu, 28 Jul 2022

Basis of AllotmentFri, 05 Aug 2022

Refund InitiationMon, 08 Aug 2022

Demat CreditWed, 10 Aug 2022

Listing DayMon, 01 Aug 2022

UPI Mandate Deadline2022-08-02

Sale TypeFresh Capital

Net Offer to Public18,04,800 shares (aggregating up to ₹21.66 Cr)

Market Maker Quota96,000 shares (aggregating up to ₹1.15 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Upsurge Seeds of Agriculture Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 02 Aug 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	96,000	—	₹1.15
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,900,800	100%	₹22.81

IPO Shares Offered

Upsurge Seeds of Agriculture Ltd. IPO total issue size: ₹22.81 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	96,000	₹1.15	5.05%
Total	1,900,800	₹22.81	100.00%

* Based on upper price band ₹120 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹120.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹288,000
Retail (Max — 13 Lots)	13	15,600	₹1,872,000
S-HNI (Min — 14 Lots)	14	16,800	₹2,016,000
B-HNI (Min — 68 Lots)	68	81,600	₹9,792,000

* Issue Price ₹120 × Lot Size 1,200 shares

IPO Schedule

Anchor

28 Jul 2022

✓ Done

IPO Open

29 Jul 2022

✓ Done

IPO Close

02 Aug 2022

✓ Done

Allotment

05 Aug 2022

✓ Done

Refunds

08 Aug 2022

✓ Done

Demat Credit

10 Aug 2022

✓ Done

Listing Day

01 Aug 2022

✓ Done

₹120.00

INR · NSE

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Issue ₹120.00 Live Price

About Upsurge Seeds of Agriculture Ltd.

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:Wide Range of Seeds and its VariantsQuality AssuranceCustomer SatisfactionExperienced Promoter supported by dedicated Management teamProven track record of robust financial performance

Objects of the Issue

To meet the Working Capital requirements.

General Corporate Purpose.

To meet Issue Expenses.

Upsurge Seeds of Agriculture Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹7,577.2

31-Mar-22

₹6,290.3

31-Mar-21

₹1,763.7

31-Mar-20

Profit After Tax (PAT)

₹396.4

31-Mar-22

₹85.3

31-Mar-21

₹21.9

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	1763.73	6290.31	7577.15
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	21.92	85.31	396.44
Net Worth	92.14	324.45	1119.30
Total Assets	835.39	1811.80	4087.49
Reserves & Surplus	42.14	127.45	603.40
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered19,00,800 (100.00%)

Net Offer to Public18,04,800 shares (aggregating up to ₹21.66 Cr)

Reserved for Market Maker96,000 shares (aggregating up to ₹1.15 Cr)

Pre-Issue Promoter Holding51,59,000 shares

Post-Issue Promoter Holding70,59,800 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

upsurgeipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Finshore Management Services Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Upsurge Seeds of Agriculture Ltd. IPO subscribed? ▲

Upsurge Seeds of Agriculture Ltd. IPO is subscribed 1.00 times by Aug 02, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Upsurge Seeds of Agriculture Ltd. IPO retail subscription status? ▼

The Upsurge Seeds of Agriculture Ltd. IPO retail category is subscribed 1.00 times as of 02 Aug 2022. The retail portion is oversubscribed.

How to subscribe Upsurge Seeds of Agriculture Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 29 Jul 2022 and closes 02 Aug 2022. Min investment: ₹144,000 (1 lot = 1,200 shares). UPI mandate: 2022-08-02.

How many times Upsurge Seeds of Agriculture Ltd. IPO subscribed? ▼

The Upsurge Seeds of Agriculture Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Upsurge Seeds of Agriculture Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Aug 2022. Refunds: on 08 Aug 2022.

When Upsurge Seeds of Agriculture Ltd. IPO will be listed? ▼

The Upsurge Seeds of Agriculture Ltd. IPO listing date is 01 Aug 2022, Monday. Listed on: NSE SME. Issue price: ₹120. Estimated listing: ₹120. GMP: NIL.

When Upsurge Seeds of Agriculture Ltd. IPO close? ▼

The Upsurge Seeds of Agriculture Ltd. IPO closes on 02 Aug 2022, Tuesday. UPI mandate: 2022-08-02. Allotment: 05 Aug 2022. Listing: 01 Aug 2022.

Quick Actions

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Live Price LIVE

Last Price₹120.00

Change—

Issue Price₹120.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹120

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹120

Subscribed1.00x

Open Date29 Jul 2022

Close Date02 Aug 2022

Allotment05 Aug 2022

Listing Date01 Aug 2022

ExchangeNSE SME

UPI Deadline2022-08-02