Bombay Super Hybrid Seeds Ltd

Bombay Super Hybrid Seeds

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:

Bombay Super Hybrid Seeds




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:

  1. Mr. Arvindkumar Jadavjibhai Kakadia (Desigation: Managing Director)
  2. Mr. Kiritkumar Jadavjibhai Kakadia (Desigation: Whole time Director& CFO)
  3. 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 (%)
Arvindkumar Jadavjibhai
38.60 28.40
Kiritkumar Jadavjibhai
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
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.


IPO Registrar Info:
Address – 4A9, Gundecha Onclave,
Kherani Road, Sakinaka, Mumbai – 400072
Tel. No. – +91-22-28511022 / 62215779
Investor Email:


Lead Manager to the Issue:
Monarch House,
Opp., Ishwar Bhuvan, Commerce Six Road,
Navrangpura, Ahmedabad – 380014.
Tel. No. – 079 – 6600 0500/ 700
Investor Grievance Email: