Advanta India IPO
Advanta India IPO — date, price band, lot size & details 2007
Advanta India listed on 19 Apr 2007 at ₹665, 3.9% above the ₹640 issue price.
Advanta India is a UPL group seed company that breeds hybrid field crop seeds such as sorghum, canola, sunflower, corn and rice, with operations in India, Australia, Thailand and Argentina. Its net worth was Rs 1199.33 million in October 2006.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 26 Mar 2007
- Close 30 Mar 2007
- Allotment 12 Apr 2007
- Refund/credit TBA
- Listing 19 Apr 2007
Issue summary
The terms of the offer, as filed.
| IPO Dates | 26 to 30 Mar, 2007 |
|---|---|
| Price Band | ₹600 – ₹650 |
| Face Value | ₹10 |
| Lot Size | 10 Shares |
| Issue Size | ₹216.32 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | Sharepro Services Pvt.Ltd. |
| Min Investment | ₹ 6,400 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 10 shares at the ₹640 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 10 | ₹6,400 |
| Retail (max) | 31 | 310 | ₹1,98,400 |
| S-HNI (min) | 32 | 320 | ₹2,04,800 |
| S-HNI (max) | 156 | 1,560 | ₹9,98,400 |
| B-HNI (min) | 157 | 1,570 | ₹10,04,800 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01It operated in 4 countries: India, Australia, Thailand and Argentina.
- 02Net worth rose from Rs 255.86 million in March 2006 to Rs 1199.33 million in October 2006.
- 03It had 56 employees in research and development.
- 04It is backed by the UPL group and the Shroff family, which held 82.52% before the issue.
Risks · 5
- 01Its net worth rose almost 5 times in seven months to October 2006, so the business looked very different from earlier years.
- 02Seed sales depend on the monsoon and farm incomes in its 4 countries.
- 03Its production depends on contract growers, managed by only 40 staff in India.
- 04Biotech crop rules can change and differ across its 4 countries of operation.
- 05Promoter group holding fell from 82.52% before the issue to 65.96% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Advanta India offer document.
| Metric | 31 Oct 2006 | 31 Mar 2006 | 31 Mar 2005 | 31 Mar 2004 |
|---|---|---|---|---|
| Total Income | 59.88 | 43.54 | 47.56 | 42.58 |
| Profit After Tax | 28.24 | 4.45 | 7.23 | 5.45 |
| NET Worth | 119.93 | 25.59 | 23.91 | 23.50 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Advanta India RHP.
Where the money goes
₹303.73 Cr of the issue is earmarked to named objects.
About the company
It described itself as one of the leading international agronomic seed companies, with main operations in India, Australia, Thailand and Argentina, and as a leader in plant breeding and biotech for new hybrids.
Its crops include sorghum, canola, sunflower, corn, hybrid rice and hybrid mustard, and it sells forage sorghum under the Nutritop brand. As of 31 December 2006 it had 56 employees in research and development.
The IPO was Rs 216.32 crore and was entirely a fresh issue at Rs 640, within the Rs 600 to Rs 650 band.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
080-62745555
The bankers & the filings
Who is running the book, and the documents this page is built from.
Advanta India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Dam Capital Advisors Ltd
69 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Ubs Securities India Private Limited
22 issues handledBest listing: BGR Energy Systems (+75.0%). Weakest: Bharti Infratel (-9.1%).
YES Bank Ltd
14 issues handledBest listing: CDSL (+67.8%). Weakest: New India Assurance (-6.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Advanta India?
The current Grey Market Premium is ₹0.
What is the Advanta India IPO price band?
₹600 to ₹650, on a face value of ₹10.
When is the allotment?
The basis of allotment is 12 April 2007, with listing on 19 April 2007.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — Sharepro Services Pvt.Ltd..
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
