About the Company
Bombay Super Hybrid Seeds Ltd (Established in the year 2000) is a Manufacturer and Supplier firm dealing in premium grade Agricultural Seeds.
Company is one of leading manufacturers of Agriculture Seeds based in Rajkot, Gujarat for vide range crops
Company sells wide assortment of ISO 9001:2008 certified quality products including Sesame Seeds, Guar Seeds, and Coriander Seeds.
Company has established as one of the market leading providers of hybrid seeds in the region of Gujarat. Company has established strength in range of crops like wheat, Groundnut, Gram, Bajra, Coriander and onion.
Company’s products are widely utilized for its pure cultivation, moisture proof packaging, high yield assurance and longer shelf life.They sell through their own brands like Kasturi and Bombay.
In the agricultural segment their products are highly demanded for its unique capability of reducing operating cost and maximizing margins.
Company offers products in the agricultural segment, which are in high demand for its unique capability of reducing operating cost and maximizing margins.
Company’s product range has jumped to more than 27 crops with more than 111 varieties in span of just 8 years with expansion in Gujarat, Maharastra, Rajsthan, Madhya Pradesh, Andra Pradesh and Karnataka.
Company has also successfully established distribution network of 350 plus dealers.
Company Sells Products Under the Following Brand Logo:
Company’s Product Range:
| Groundnut Seeds | Onion Seeds | Bajra Seeds | Coriander Seeds | Fenugreek Seeds | Beetroot Seeds |
| Black Gram Seeds | Sesame Seeds | Guar Seeds | Mung Seeds | Wheat Seeds | Carrot Seeds |
| Cumin Seeds | Jowar Seeds | Gram Seeds | Isabgul Seeds | Mustard Seeds | Toor Seeds |
| Fennel Seeds | Chilly Seeds | Brinjal Seeds | Okra/Bhindi Seeds | Cauliflower Seeds | Watermelon Seeds |
Geographical Revenue Breakup: (Top 5 States)
| No. | State Name | Revenue (Crores) |
|---|---|---|
| 1 | Gujarat | 44.14 |
| 2 | Maharashtra | 36.75 |
| 3 | Rajasthan | 25.87 |
| 4 | Madhy Pradesh | 2.62 |
| 4 | Karnataka | 0.21 |
Management Team:
- Mr. Arvindkumar Jadavjibhai Kakadia (Desigation: Managing Director)
- Mr. Kiritkumar Jadavjibhai Kakadia (Desigation: Whole time Director& CFO)
- Mr. Kishorkumar Devrajbhai Kakadiya (Desigation: Non- Executive Director)
Promoters Average Acquisition Cost:
| Name of the Promoter | No. of Shares held | Average Acquisition Cost (in Rs.) |
|---|---|---|
| Arvindkumar Jadavjibhai Kakadia | 18,62,830 | 12.97 |
| Kiritkumar Jadavjibhai Kakadia | 17,56,950 | 12.72 |
Promoters Stake Pre & Post Issue:
| Shareholder Name | Pre Issue Stake (%) | Post Issue Stake (%) |
|---|---|---|
| Promoters | ||
| Arvindkumar Jadavjibhai Kakadia |
38.60 | 28.40 |
| Kiritkumar Jadavjibhai Kakadia |
36.40 | 26.79 |
| Promoter Group Entities | 24.38 | 17.94 |
| Total | 99.38% | 73.13% |
Objectives of the Issue:
- Working Capital Requirements
- Repayment of Loan
- General Corporate Purpose
- Issue Expense
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Working Capital requirements | 5.0 |
| Repayment of Loan | 3.0 |
| General Corporate Purpose | 2.0 |
| Issue Expenses | 0.39 |
| Net Proceeds | 10.39 cr |
Financials of the Company:
| (in Crores) | FY 13 | FY 14 | FY 15 | FY 16 | FY 17 | 31st Dec 17 |
|---|---|---|---|---|---|---|
| Revenue | 15.71 | 30.12 | 31.32 | 63.13 | 109.70 | 72.90 |
| Net Profit | 0.27 | 0.25 | 0.03 | 0.27 | 0.80 | 0.86 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Bombay Super Hybrid Seeds Ltd |
10 | 2.48 | 24.19 | 18.87% | 13.33 |
| Mangalam Seeds Ltd | 10 | 5.93 | 18.64 | 13.18% | 42.78 |
| Kaveri Seeds Company Ltd |
2 | 11.27 | 40.84 | 7.62% | 146.78 |
| Omega AG Seeds Punjab Limited |
10 | 0.04 | 125.00 | 0.37% | 10.19 |
| Monsanto India Limited |
10 | 85.48 | 29.08 | 16.14% | 306.84 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 12th April 2018 |
| Issue Closes on:. | 17th April 2018 |
| Issue Price | Rs.60 |
| Face Value | Rs.10 |
| Minimum Lot | 2000 |
| Minimum Investment | Rs.1,20,000 |
| Issue Constitutes | 26.40% |
| Issue Size | Rs.10.39 cr |
| Market Cap | Rs.39.35 cr |
| Listing at | NSE SME |
| Total Equity Shares Offered (Fresh) | 17,32,000 |
| Equity Shares Prior to the issue | 48,26,580 |
| Equity Shares after the Issue | 65,58,580 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 20th April 2018 |
| Initiation of Refunds | on or Before 23rd April 2018 |
| Credit of Equity Shares: | on or Before 24th April 2018 |
| Listing Date: | on or Before 25th April 2018 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 2.48 | 24.19 | 18.87% | 13.33 |
Markets Guruji Opinion:
| IPO View | Apply For: | Expected listing Gain: |
|---|---|---|
| Subscribe | Long Term | 5% |
| Company Contact Info: |
|---|
| Bombay Super Hybrid Seeds Ltd Shrinathji Industrial Estate, Plot No.-11, Near Kuvadava G I D C, 8 – B, National Highway, Rajkot- 360023, Gujarat, India. E-mail: cs@bombaysuper.in Website: http://www.bombaysuperseeds.com |
| IPO Registrar Info: |
|---|
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED Address – 4A9, Gundecha Onclave, Kherani Road, Sakinaka, Mumbai – 400072 Tel. No. – +91-22-28511022 / 62215779 Email: virenr@skylinerta.com Investor Email: grievances@skylinerta.com Website: www.skylinerta.com |
| Lead Manager to the Issue: |
|---|
| MONARCH NETWORTH CAPITAL LIMITED Monarch House, Opp., Ishwar Bhuvan, Commerce Six Road, Navrangpura, Ahmedabad – 380014. Tel. No. – 079 – 6600 0500/ 700 Investor Grievance Email: mbd@mnclgroup.com Website: https://www.mnclgroup.com |
