Narmada Agrobase IPO

Narmada Agrobase IPOBusiness description - Narmada Agrobase is an ISO 9001:2015 certified company and is engaged in manufacturing & processing of cotton seed meal cake, cattle feeds and soya bean meal. The products manufactured by the company are used for feeding of cattle which provides high amount of proteins and other nutrients required by them. Also the by-products of its products is used in textiles Industry, consumer goods industry and paper industry. The company is a manufacturer and exporter of cotton seed meal, guar meal, delinted cotton seed, organic fertilizers and cattle feed under the brand name of “Churma” and “Gaay Chhaap Narmada Pashu Aahar”.

Promoters of Narmada Agrobase – Mr Neerajkumar Sureshchandra Agrawal and Mr Suresh Chandra Gupta
Narmada Agrobase IPO details
Subscription Dates 28 March - 11 April 2018
IPO Price band INR32 per share
Fresh issue 2,340,000 shares (INR7.49 crore)
Offer for sale Nil
Total IPO size 2,340,000 shares (INR7.49 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Working Capital Requirements - INR6.00 crore
  • General Corporate Purposes - INR1.19 crore
  • Issue Expenses - INR0.30 crore
Narmada Agrobase's financial performance (in INR lakh)
FY2014 FY2015 FY2016 FY2017 6M FY2018
Total revenue 209.7 2,203.7 3,070.7 3,444.9 1,740.3
Total expenses 207.4 2,186.2 3,046.9 3,404.9 1,714.6
Profit after tax 2.3 17.4 23.8 40.0 25.7
Narmada Agrobase's Contact Details

Narmada Agrobase Limited
310, Sudarshan Complex
Mithakhali Underbridge, Navrangpura
Ahmedabad - 380009

Phone: +91 79 4037 0886
Email: [email protected]

Narmada Agrobase IPO Subscription Details
Day Subscription (no. of times)
Day 1  0.00
Day 2  0.01
Day 3  0.02
Day 4  0.02
Day 5  0.03
Day 6  0.05
Day 7  0.21
Day 8  0.47
Day 9  1.14
Narmada Agrobase Valuation (Latest FY)

Earnings Per Share (EPS): INR0.85

Price/Earnings (P/E) ratio: 37.65

Return on Net Worth (RONW): 12.48

Net Asset Value (NAV): INR6.81 per share

Registrar of Narmada Agrobase IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
 +91 40 2343 1551 
 [email protected]

Narmada Agrobase IPO Allotment Status

Narmada Agrobase IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing performance of Narmada Agrobase

IPO Opening Date: 28 March 2018

IPO Closing Date: 11 April 2018

Listing Date: 19 April 2018

Listing Price on NSE SME: INR31.45 per share (down 1.71% from IPO price)

Closing Price on NSE SME: INR32.50 per share (up 1.56% from IPO price)

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