About the Company:
Indo US Bio Tech Ltd is engaged in research plant, breeding products, processing and marketing of high performing open pollinated and hybrid agricultural seed varieties.
Company had started its journey way back in 2004, having a laboratory for seed testing at Junagadh. In laboratory, they used to test the proportion of Enzyme-Linked Immunosorbent Assay (ELISA) available in the seeds. ELISA tests are primarily used for the detection of proteins in the seeds which helps to fight against the diseases.
During the tenure of 2004-2011, laboratory for testing seed was mainly in Nagpur, Hyderabad and Gujarat. Company was having laboratory with all modern imported equipments, and an “image in the market was set up like ―if seeds are tested and approved in the Laboratory of Indo Us, its approved/certified seed“.
As a part of backward integration, Company started In-House Research and Development (R&D) unit at Modasa, District – Sabarkantha (Gujarat) for research activities to produce better and different varieties of seeds.
In the year 2014, Company shifted its R&D unit to carry on its research activities at Village – Bardoli Kathi, Taluka – Dehgam, District – Gandhinagar and R&D unit duly recognized by (DSIR).
Company is currently having approval for its existing R&D unit from DSIR (Department of Scientific and Industrial Research Technology Bhavan, New Delhi) granting approval up to March 31, 2019.
At present Company is having collection of around 4460 varieties of germplasm in various crops.Company’s products are being marketed under various brands names like INDO-US 955, INDO-US 936, INDO-US 927 etc.
Company’s Business Activities:
- Mr. Jagdish Ajudia (Designation: Managing Director)
- Mrs. Maltiben Ajudia (Designation: Whole Time Director)
- Ms. Priyanka (Designation: Executive Director)
Promoters Average Acquisition Cost:
|Name of the Promoter||No. of Shares held||Average Acquisition Cost (in Rs.)|
|Mr. Jagdish Ajudia||43,91,520||Rs.4.48|
Promoters Stake Pre & Post Issue:
|Shareholder Name||Pre Issue Stake (%)||Post Issue Stake|
|Mr. Jagdishbhai Devjibhai Ajudia||93.34||65.84|
|Promoter Group Entities||6.66||4.70|
Objectives of the Issue:
- Working Capital Requirement.
- General Corporate Purpose.
- Meeting Public Issue Expenses.
|Particulars||Amount (Rs. in Lakhs/Crores)|
|Incremental Working Capital||5.04|
|General Corporate Expenses||1.80|
|Public Issue Expenses||0.45|
|Net Proceeds||7.29 cr|
Positives for the Company:
Diversified Product Portfolio:
Company’s Product Portfolio includes diversified variety of agriculture seeds namely vegetable seeds, oil seeds, pulses seeds, cereals seeds, spcies seeds used in cultivating all kinds vegetables, pulses, crops like Tomato, Okra, Brinjal, Onion, Bit Root, cucumber, Bottle gourd, groundnut, mustard, Bajra, Wheat, Cumin, Corainder
Wide range of products allows the existing customers to source most of their product requirements from a single vendor and also enables the company to expand the business from existing customers, as well as address a larger base of potential new customers.
Well Equipped Research and Development facility:
Company has a well equipped Research and Development facility to improve quality of the products and to produce high performance of agriculture seeds. The R&D team includes plant breeders, crop protection specialists, agronomists, seed technologists, biotechnologists and physiologists.
Well Established in Domestic as well as Export Market:
Company is catering the customers both in domestic market as well as overseas market.
Currently they are catering the needs of state government and has tie-up with Madhya Pradesh State Agro Industries Development Corporation Limited & the Government of Chhattisgarh through Rate Contract Offer by CG Rajya Beej Evam Krishi Vikas Nigam Limited for supply of agriculture seeds.
Broad base Distribution Network:
Company is having wide distribution network in the state of Gujarat, Maharashtra, Madhya Pradesh, Chattishgarh, Rajasthan etc. They also export to many countries namely USA, Malaysia, Africa etc through direct or Merchant Export.
In addition, they are also having tie up with MP State Agro Industries Development Corporation Limited for supply of agriculture seeds. Company also sells online agriculture seeds through Desta Mart and Amazon.
Recently Company is “in process” to enter in to an agreement for marketing of their different seeds with Gujarat Co-operative Marketing Federation, Ahmedabad, the biggest Marketing Federation in Gujarat.
Financials of the Company:
|(in Crores)||FY 13||FY 14||FY 15||FY 16||FY 17||31st Oct 17|
Valuation of Peer Group Companies:
|Company Name||Face Value||EPS||PE Ratio||RoNW||NAV|
|Indo Us Bio-Tech Ltd||10||1.90||26.87||16.70%||11.36|
|Mangalam Seeds Ltd||10||5.98||18.39||13.27%||42.86|
|Kaveri Seed Company Ltd||2||11.36||43.43||7.66%||148.29|
|Nath Bio-Genes Ltd||10||10.17||46.55||11.83%||85.97|
|Bombay Super Hybrid Seeds Ltd||10||2.48||24.19||18.87%||13.33|
|Issue Opens on||30th April 2018|
|Issue Closes on:.||3rd May 2018|
|Issue Size||Rs.7.29 cr|
|Market Cap||Rs.24.75 cr|
|Listing at||BSE SME|
|Total Equity Shares Offered (Fresh)||14,30,000|
|Equity Shares Prior to the Issue||34,24,392|
|Equity Shares after the Issue||48,54,392|
|Finalization of Basis of Allotment||on or Before 8th May 2018|
|Initiation of Refunds||on or Before 9th May 2018|
|Credit of Equity Shares:||on or Before 10th May 2018|
|Listing Date:||on or Before 11th May 2018|
Subscription Details: (Will be Updated)
|(Subscription-Category-Wise (no. of times) Till time : 06:00 PM)||Shares Offered||30/4||2/5||3/5|
IPO Valuation Parameters:
|Earnings Per Share (EPS)||Price To Earnings ratio (PE)||Return on Net Worth (RoNW)||Net Asset Value (NAV)|
Markets Guruji Opinion:
|IPO View||Apply For:||Expected listing Gain:|
|Check IPO Allotment Status:|
Bigshare Website (Click on the below Link)
Reviews of Current & Upcoming IPOs: (Click on the Link)
Knowledge Corner: (Click on the Link)
|Company Contact Info:|
|Indo US Bio Tech Ltd
309, Shanti Mall, Satadhar Char Rasta,
Opp. Navrang Tower, Sola Road
Ahmedabad – 380 061, Gujarat
Tel No.: +91 – 79 – 2749 1807
|IPO Registrar Info:|
|BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road, Marol,
Andheri (East), Mumbai – 400 059.
Tel: +91 – 22 – 6263 8200
|Lead Manager to the Issue:|
|SWASTIKA INVESTMART LIMITED
305, Madhuban Building,
Cochin Street, S.B.S. Road, Fort,
Mumbai – 400 001.
Tel No.: +91 – 22 – 2265 5565;
Investors Email Id: email@example.com