Business description – Indo US Bio-Tech started its journey in 2004, having its own laboratory for seed testing at Junagadh. In laboratory, it used to test the proportion of Enzyme-Linked Immunosorbent Assay (―ELISA) available in the seeds. ELISA tests are primarily used for the detection of proteins in the seeds which helps to fight against the diseases. In the initial stages, the company was engaged in the trading of all kind of seeds and mainly agriculture seeds, vegetable seeds, oil seeds etc. During 2004-2011, laboratories for testing seed were mainly in Nagpur, Hyderabad and Gujarat.
As a part of backward integration, the company started In-House Research and Development (R&D) unit at Modasa, District – Sabarkantha (Gujarat) for research activities to produce better and different varieties of seeds. On 23 September 2011, the company got the recognition up to 31 March 2014, for In-House R&D from Government of India, Ministry of Science and Technology, Department of Scientific and Industrial Research Technology Bhavan, New Delhi (DSIR).
Promoters of Indo US Bio-Tech – Mr Jagdish Ajudia
| Indo US Bio-Tech IPO details | |
| Subscription Dates | 30 April – 3 May 2018 |
| IPO Price band | INR51 per share |
| Fresh issue | 1,430,000 shares (INR7.29 crore) |
| Offer for sale | Nil |
| Total IPO size | 1,430,000 shares (INR7.29 crore) |
| Minimum bid (lot size) | 2,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Incremental Working Capital – INR5.04 crore
- General Corporate Purpose – INR1.80 crore
- Public Issue Expenses – INR0.45 crore
| Indo US Bio-Tech’s financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 7M FY2018 | |
| Total revenue | 1,493.8 | 1,485.5 | 1,966.1 | 1,914.5 | 2,457.8 | 1,588.6 |
| Total expenses | 1,472.7 | 1,474.6 | 1,940.7 | 1,890.5 | 2,398.5 | 1,499.7 |
| Profit after tax | 29.9 | 26.0 | 49.6 | 36.0 | 65.0 | 74.5 |
Indo US Bio-Tech’s Contact Details
Indo US Bio-Tech Limited
309, Shanti Mall, Satadhar Char Rasta
Opp. Navrang Tower, Sola Road
Ahmedabad – 380 061
Phone: +91 79 2749 1807
Email: [email protected]
Website: www.indousagriseeds.com
Indo US Bio-Tech IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.55 |
| Day 2 | 3.04 |
| Day 3 | 18.72 |
Indo US Bio-Tech Valuation (Latest FY)
Earnings Per Share (EPS): INR1.90
Price/Earnings (P/E) ratio: 26.84
Return on Net Worth (RONW): 16.70%
Net Asset Value (NAV): INR11.36 per share
Registrar of Indo US Bio-Tech IPO
Bigshare Services Private LimitedÂ
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072
Phone:Â +91 22Â 4043 0200Â
Fax:Â +91 22Â 2847Â 5201
Email:Â [email protected]
Website:Â www.bigshareonline.com
Indo US Bio-Tech IPO Allotment Status
Indo US Bio-Tech IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Listing performance of Indo US Bio-Tech
IPO Opening Date: 30 April 2018
IPO Closing Date: 3 May 2018
Finalisation of Basis of Allotment: 8 May 2018
Initiation of refunds: 9 May 2018
Transfer of shares to demat accounts: 10 May 2018
Listing Date: 11 May 2018
Listing Price on BSE SME: INR55.05 per share (up 7.94% from IPO price)
Closing Price on BSE SME: INR57.80 per share (up 13.33% from IPO price)
Very good progress of the company very good name quality work and it will name 10 times more in ipo
Nice opportunity to be a part of the well known seeds manufacturing company of Ahmedabad….It has its own R&D centre for seeds research……Healthy company in the seeds market…….Keep invested…..
Company has nice base and supply seeds to Gujarat govt. and plan to supply seeds to Chhatisgadh, Jarkhand as well as MP govt. soon…..Don’t miss the intial offer of the company….Keep invsted….
Well growing and well known seeds manufacturing company with their own R&D Center in Gujarat. SME IPO is coming of Indo Us Bio-Tech Limited. Well opportunity to invest and get good return.
INDO US BIO-TECH LIMITED is fastest vegetables as well as Fild crop seeds producer company with their own DSIR approved R & D center. Recently company has agreement for supply of seeds to government, like Gujcomasol, MP government, jarkhand, and telegana state. So best opportunities for invest in SME IPO for investors.
INDO US BIO-TECH LIMITED is fastest growing vegetables as well as Fild crop seeds producer company with their own DSIR approved R & D center. Recently company has agreement for supply of seeds to government, like Gujcomasol, MP, chattishgadh, jarkhand, and telegana state. So well opportunities for invest in SME IPO for investors.
Its nice time to invest in very popular company in seeds industry. Company has many plans to execute after the IPO….They have their own R&D centre to develop quality seeds which ultimately benifited to farmers. I have studied the prospectus of the company on company website. also available on BSE website…….Investment chance is there…..Keep invested…