The Upsurge Seeds of Agriculture IPO was open from 29 July 2022 to 2 August 2022. The total IPO size was ₹22.81 crore, and the IPO price was fixed at ₹120 per share. The IPO had two main investor categories: Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs).
Upsurge Seeds of Agriculture Limited was established in 2017.
Upsurge Seeds of Agriculture is engaged in the business of growing, developing, processing and marketing a variety of seeds for field crops and vegetables. The company operates as a technology-driven seed manufacturing business.
The company is primarily involved in seed processing, where improved genetic material from breeder seeds is grown and multiplied into foundation seeds. The foundation seeds are then further processed into commercial seeds, which are sold in the market for crop production.
The company offers different varieties of seeds for various crops based on agro-climatic conditions such as water availability, crop duration and soil characteristics across different regions of India.
Upsurge Seeds of Agriculture produced seeds for more than 40 field crops and vegetables and operated across Gujarat, Maharashtra and Rajasthan, with more than 75 crop varieties. Its product portfolio included crop seeds for groundnut, wheat, cumin, green gram and black gram, as well as vegetable seeds such as onion, coriander and fenugreek.
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Upsurge Seeds of Agriculture IPO Company Strengths
- Wide range of seeds and their variants.
- Quality assurance.
- Focus on customer satisfaction.
- Experienced promoter supported by a dedicated management team.
- Proven track record of financial performance.
Upsurge Seeds of Agriculture IPO Peer Companies
- Bombay Super Hybrid Seeds Limited
- Continental Seeds and Chemicals Limited
- Kaveri Seed Company Limited
- Mangalam Seeds Limited
Upsurge Seeds of Agriculture IPO Promoters
- Arvindkumar Jadavjibhai Kakadia
- Viken Jentilal Kakadiya
- Sonalben Arvindbhai Kakadiya
Upsurge Seeds of Agriculture IPO Date, Details & Price Band
| IPO Opening Date | 29 July 2022 |
| IPO Closing Date | 2 August 2022 |
| IPO Price | ₹120 per share |
| Fresh Issue | ₹22.81 crore |
| Offer for Sale | N/A |
| Total IPO Size | ₹22.81 crore |
| Minimum Bid / Lot Size | 1,200 Shares |
| Face Value | ₹10 per share |
| Retail Allocation | 50% |
| Non-Institutional Allocation | 50% |
| Listing | NSE SME |
Upsurge Seeds of Agriculture IPO Market Lot
The Upsurge Seeds of Agriculture IPO market lot consisted of 1,200 shares. At the IPO price of ₹120 per share, the minimum investment required for one lot was ₹1,44,000.
| Category | Lots | Number of Shares | Amount |
| Minimum | 1 | 1,200 | ₹1,44,000 |
| Maximum | 1 | 1,200 | ₹1,44,000 |
Upsurge Seeds of Agriculture IPO Financial Performance
Restated Financial Records – Amount in ₹ Lakhs
| Financial Year | Total Assets | Total Revenue | Profit After Tax | Earnings Per Equity Share |
| 31 March 2020 | 835.39 | 1763.73 | 21.92 | 1.53 |
| 31 March 2021 | 1,811.80 | 1763.73 | 85.31 | 2.23 |
| 31 March 2022 | 4087.49 | 7577.15 | 396.44 | 9.79 |
Upsurge Seeds of Agriculture IPO GMP & Grey Market Premium
The Upsurge Seeds of Agriculture IPO GMP was an unofficial grey-market indicator available around the IPO period. GMP is not an official measure of the IPO’s listing price and should not be considered a guarantee of listing performance.
Check our IPO Grey Market Premium (GMP) page for IPO GMP-related information.
Upsurge Seeds of Agriculture IPO Prospectus
| Upsurge Seeds of Agriculture IPO Documents | |
| DRHP | Download DRHP |
Upsurge Seeds of Agriculture IPO Form Download
The Upsurge Seeds of Agriculture IPO application form was available through the applicable ASBA channels during the IPO period.
Download IPO Application & ASBA Form
Upsurge Seeds of Agriculture IPO Allotment Date & Details
| Allotment Date | 5 August 2022 |
| Initiation of Refunds | 8 August 2022 |
| Shares Credited to Demat Accounts | 10 August 2022 |
| Listing Date | 11 August 2022 |
Registrar of Upsurge Seeds of Agriculture IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400083,
Maharashtra, India.
Contact Person: Ms. Shanti Gopalkrishnan
Telephone: +91 22 4918 6200
Email: upsurgeipo@linkintime.co.in
Upsurge Seeds of Agriculture Contact Details
Plot No. 17, Shreenathji Industrial Estate,
National Highway 8-B,
Kuvadva, Rajkot,
Gujarat – 360023, India.
Email: info@usalimited.in
Telephone: +91 96879 655
Website: Upsurge Seeds of Agriculture
Upsurge Seeds of Agriculture IPO Lead Manager
Finshore Management Services Limited
Anandlok Building, Block-A, 2nd Floor, Room No. 207,
227 A.J.C Bose Road,
Kolkata – 700020, West Bengal, India.
Contact Person: Mr. S. Ramakrishna Iyengar
Telephone: 033 22895101
Email: ramakrishna@finshoregroup.com
Upsurge Seeds of Agriculture IPO FAQ
What is Upsurge Seeds of Agriculture IPO?
Upsurge Seeds of Agriculture IPO was an SME IPO. The company raised approximately ₹22.81 crore through the IPO at a price of ₹120 per equity share. The shares were listed on the NSE SME platform.
What was the price of Upsurge Seeds of Agriculture IPO?
The Upsurge Seeds of Agriculture IPO price was ₹120 per share.
What was the size of Upsurge Seeds of Agriculture IPO?
The Upsurge Seeds of Agriculture IPO size was approximately ₹22.81 crore.
When did Upsurge Seeds of Agriculture IPO open?
The IPO opened on 29 July 2022 and closed on 2 August 2022.
What was the Upsurge Seeds of Agriculture IPO GMP?
The Upsurge Seeds of Agriculture IPO GMP was an unofficial grey-market indicator available during the IPO period. GMP should not be considered an official indication of the listing price.
What was the Upsurge Seeds of Agriculture IPO allotment date?
The Upsurge Seeds of Agriculture IPO allotment date was 5 August 2022.
What was the Upsurge Seeds of Agriculture IPO listing date?
The Upsurge Seeds of Agriculture IPO listing date was 11 August 2022.
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