Narmada Agrobase Ltd IPO

Incorporated in 2013, Narmada Agrobase Limited is a Gujarat based company engaged in manufacturing & processing of cottonseed meal cake, cattle feed and soya bean meal. The products manufactured by the company 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 the Products are used in textiles Industry, Consumer Goods Industry, and Paper Industry.

The company manufactures and exports its products under the brand name of "Churma" and "Gaay Chhaap Narmada Pashu Aahar".

Narmada Agrobase has 9 employees (including Registered Office Staff and Factory Workmen and Corporate Office) on
payroll and it also hires contract labor in the factories as per requirement.

Narmada Agrobase Ltd IPO Issue Details

Narmada Agrobase Ltd IPO
 Issue Open

 Mar 28, 2018 - Apr 11, 2018 
 Issue Price  Rs 32 Per Equity Share
 Market Lot  4000 Shares 
 Minimum Order  Quantity  4000 Shares
 Issue Size  2,340,000 Equity Shares of Rs 10 aggregating up to Rs 7.48 Cr 
 Face Value  Rs 10/-
 Listing At  NSE SME


Company Promoters:

Mr. Neerajkumar Sureshchandra Agrawal, and Mr. Suresh Chandra Gupta are the Promoters of the Company.
They hold 29,65,250 Equity Shares which in aggregate, constitutes 57.17% of the issued and paid-up Equity Share capital of the Company. The Promoter and Promoter Group will continue to hold the majority of the post- Issue paid-up equity share capital of the Company.

Objects of Narmada Agrobase Ltd - SME IPO:

The objects of the Issue are-

  1. To Meet Working Capital Requirement
  2. General Corporate Purpose
  3. To Meet the Issue Expenses

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