Upsurge Seeds of Agriculture Limited

Company Profile
Company Name Upsurge Seeds of Agriculture Limited
Open Date 29-07-2022
Close Date 02-08-2022
Exchange NSE SME
Lot Size 1200 Shares
Issue Price ₹ 120 per share
Issue Size 19,00,800 Equity Shares
Application Amount ₹ 1,44,000
Recommendation Apply
Upsurge Seeds of Agriculture Limited was incorporated on 30th October 2017 in Gujarat. The company is engaged in the business of growing, developing, processing and marketing of variety of seeds for a range of field crops and vegetables. Company procures breeder seeds which it processes into foundation seeds, which is then processed into commercial seeds and sold in market for crop production.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-22 Mar-21 Mar-20
Total Assets 4,087.49 1,811.80 835.39
Net Assets 1,119.30 324.45 92.14
Total Borrowings 1,498.98 456.41 440.04
Total Revenue 7,577.15 6,290.31 1,763.73
Profit After Tax 396.44 85.31 21.92

Tentative Timeline

Opening Date 29-07-2022
Closing Date 02-08-2022
Basis of Allotment 05-08-2022
Initiation of Refunds 08-08-2022
Credit of Shares to Demat 10-08-2022
Listing Date 11-08-2022

Objects of the Issue

To meet the Working Capital requirements.
General Corporate Purpose.
To meet Issue Expenses.

Contact Information

Registered Office Upsurge Seeds of Agriculture Limited Plot No. 17, Shreenathji Industrial Estate, National Highway 8-B, Kuvadva, Rajkot, Gujarat 360023
Phone +91- 96879 65596

Registrar Details

Name Link Intime India Private Limited
Phone +91-22-4918 6270

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 96,000 (5.05%)
Other Shares Offered 902,400 (47.47%)
Retail Shares Offered 902,400 (47.47%)
Total Shares Offered 1,900,800 (100%)

Shareholding Pattern

Pre Issue Share Holding 96.92%
Post Issue Share Holding 70.82%

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