Seedworks International Limited IPO is fully book build issue and total IPO size is 5.20 crore shares. The entire share offering is an offer for sale of 5.20 crore shares.
The dates for the Seedworks International IPO have not been announced yet.
The allotment process is expected to be finalized by [.]. The Seedworks International IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].
The price band for the Seedworks International IPO has not been announced yet.
Registrar for this IPO is KFin Technologies Limited and lead managers for Seedworks International IPO are Equirus Capital Private Limited, DAM Capital Advisors Limited, SBI Capital Markets Limited.
IPO Schedule
| IPO Open Date | - |
|---|---|
| IPO Close Date | - |
| IPO Allotment Date | - |
| Refund Initiation | - |
| Share credit in Demat | - |
| Listing Date | - |
Key Details
| Price Band | TBA |
|---|---|
| Lot Size | TBA |
| Face Value | ₹2 Per Equity Share |
| Total Issue Size | 51,970,282 Shares |
| Fresh Issue | - |
| OFS Issue | 51,970,282 Shares |
| Issue Type | Fresh Issue & OFS |
| Listing At | BSE, NSE |
Share Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | 50% |
| Retail | 35% |
| NII/HNI | 15% |
About Seedworks International Limited Company
SeedWorks (US Agriseeds) prioritizes environmental, social, and governance (ESG) initiatives, guided by the SRISHTEe framework, focusing on Carbon, Water, Energy, Nitrogen, Knowledge, and Weather. This empowers smallholder farmers, promotes water resource management, and addresses climate change.
Recognized by the Global Alliance for Climate Smart Agriculture (GACSA), SeedWorks has undertaken GHG emissions baselining and developed mitigation plans. Initiatives like methane chambers, solar panels, and bio-fertilizer conversion reduced carbon dioxide emissions by over 820 metric tons and produced 14 metric tons of organic fertilizer in Fiscal 2024. 50% of energy at the vegetable seed processing plant came from renewable sources, and over 1400 crore litres of water were saved annually through various initiatives, including smart irrigation.
The company demonstrates commitment through 'Extended Producer Responsibility,' collecting and disposing of 222 metric tons of plastic waste in Fiscal 2024. Recognition includes awards for soil & water conservation, climate-resilient agriculture, and a bronze EcoVadis rating.
Seedworks International Limited Financial Details
| Period Ended | 30 Sep 2024 | 30 Sep 2023 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|---|
| Assets | 420.68 | 412.24 | 597.76 | 418.32 | 377.10 |
| Revenue | 407.50 | 324.69 | 522.69 | 488.31 | 457.16 |
| Profit After Tax | 70.25 | 28.94 | 4.95 | 5.37 | 24.34 |
| Net Worth | 159.95 | 113.29 | 90.01 | 84.24 | 75.77 |
| Reserves and Surplus | 135.87 | 89.22 | 65.94 | 60.17 | 51.70 |
| Total Borrowing | 73.22 | 107.29 | 103.99 | 93.61 | 77.05 |
₹ In Crore
Key Performance Indicator
| Basic EPS (in ₹) | Return on Net Worth (RoNW) | Net Asset Value (NAV) | Debt-Equity Ratio | Return on Equity (ROE) | Return on Capital Employed (ROCE) |
|---|---|---|---|---|---|
| 0.40 | 5.74 | 7.28 | N/A/td> | 5.68 | 10.30 |
Offer Objectives
The Offer consists of an Offer for Sale (OFS) of up to 51,970,282 Equity Shares, with a face value of ₹2 each, by the Selling Shareholders. The primary objectives are to execute the OFS and to realize the advantages of listing the Equity Shares on the Stock Exchanges. The company anticipates that the listing will enhance its visibility and brand image, provide liquidity to existing shareholders, and establish a public market for its Equity Shares in India.
Utilization of Offer Proceeds: The Selling Shareholders will receive the entire proceeds from the Offer, net of their respective Offer expenses and taxes. The Company will not receive any proceeds.
Offer-Related Expenses: The estimated Offer expenses are approximately ₹[●] million. These expenses include listing fees, selling commission and brokerage, fees for Book Running Lead Managers (BRLMs), legal counsel, Registrar to the Offer, Escrow Collection Bank(s), Sponsor Bank(s), and Self Certified Syndicate Banks (SCSBs). They also cover processing fees for SCSBs, brokerage and selling commission for Syndicate members, Registered Brokers, RTAs, and CDPs, as well as printing, advertising, and other incidental expenses.
Other than the listing fees, which will be borne solely by the Company, audit fees, and corporate advertisement expenses, all Offer expenses will be borne by the Selling Shareholders in proportion to their respective Offered Shares. These expenses include filing fees, book-building fees, expenses related to discounts for eligible employees, fees and expenses for regulatory bodies, advertising, printing, roadshow expenses, legal counsel fees, statutory auditors' fees, registrar fees, broker fees, bank charges, and fees for BRLMs, syndicate members, SCSBs, and other consultants.
The Company will make payments on behalf of the Selling Shareholders, who will then reimburse the Company pro-rata from the Public Offer Account upon successful completion of the Offer. In case of withdrawal or non-consummation of the Offer, the Company and the Selling Shareholders will bear the Offer Expenses that have accrued until such date, as required by Applicable Law. The break-up of estimated Offer expenses, inclusive of GST, is detailed in the document.
Since the Offer is an Offer for Sale, and the Company will not receive any proceeds, there is no requirement to appoint a monitoring agency.
Company Details
Address:
Survey No. 530/A, Gowdavally Village, Medchal Mandal 501 403, Telangana, India
Phone: +91 40 3023 1101
Email: [email protected]
Website: http://www.seedworks.com
IPO Registrar Details
KFin Technologies Limited
Phone: +91 40 6716 2222, 18003094001
Email: [email protected]
Website: http://www.kfintech.com
Offer Prospectus & Documents
Lead Managers
- Equirus Capital Private Limited
- DAM Capital Advisors Limited
- SBI Capital Markets Limited
