Sharda Cropchem IPO
Sharda Cropchem IPO — date, price band, lot size & details 2014
Sharda Cropchem listed on 23 Sep 2014 at ₹260, 66.7% above the ₹156 issue price.
Sharda Cropchem markets and distributes crop protection formulations and generic active ingredients worldwide, building its business on product registrations. Its total income was Rs 567.50 crore in FY2014.
Stock price
Sharda Cropchem is listed — here is the live share price.
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 15 November.
- Open 05 Sep 2014
- Close 09 Sep 2014
- Allotment 17 Sep 2014
- Refund/credit TBA
- Listing 23 Sep 2014
Issue summary
The terms of the offer, as filed.
| IPO Dates | 5 to 9 Sep, 2014 |
|---|---|
| Price Band | ₹145 – ₹156 |
| Face Value | ₹10 |
| Lot Size | 90 Shares |
| Issue Size | ₹351.86 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,040 |
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 90 shares at the ₹156 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 90 | ₹14,040 |
| Retail (max) | 14 | 1,260 | ₹1,96,560 |
| S-HNI (min) | 15 | 1,350 | ₹2,10,600 |
| S-HNI (max) | 71 | 6,390 | ₹9,96,840 |
| B-HNI (min) | 72 | 6,480 | ₹10,10,880 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 353.26 crore in FY2012 to Rs 567.50 crore in FY2014.
- 02Profit after tax rose from Rs 37.97 crore in FY2012 to Rs 84.50 crore in FY2014.
- 03Net worth rose from Rs 393.22 crore in FY2012 to Rs 516.50 crore in FY2014.
- 04Its model is built on identifying generic molecules and winning registrations, and profit was Rs 84.50 crore on Rs 567.50 crore of income.
Risks · 5
- 01Total income dipped from Rs 573.94 crore in FY2013 to Rs 567.50 crore in FY2014.
- 02Its business depends on getting and keeping product registrations in many countries; total assets were Rs 782.49 crore.
- 03Agrochemical demand depends on weather and farm incomes worldwide; profit was Rs 70.38 crore in FY2013.
- 04The whole Rs 351.86 crore issue was an offer for sale by the promoters, so none of it went to the company.
- 05Promoters held 84.13% before the issue and 75% after it, after selling shares.
Three years of numbers
All figures in ₹ crore, as reported in the Sharda Cropchem offer document.
| Metric | 31 Mar 2014 | 31 Mar 2013 | 31 Mar 2012 |
|---|---|---|---|
| Assets | 782.49 | 706.01 | 631.02 |
| Total Income | 567.50 | 573.94 | 353.26 |
| Profit After Tax | 84.50 | 70.38 | 37.97 |
| NET Worth | 516.50 | 453.11 | 393.22 |
| Reserves and Surplus | 426.27 | 362.89 | 303.00 |
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 Sharda Cropchem RHP.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Sharda Cropchem IPO will be updated shortly.
Sharda Cropchem IPO Anchor Investors
18 anchor investors across 10 fund houses committed ₹52.79 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
It markets and distributes a wide range of formulations and generic active ingredients globally. Its core strength lies in identifying generic molecules, preparing dossiers and seeking registrations.
It also handles order based procurement and supply of belts, general chemicals, dyes and dye intermediates.
The IPO was Rs 351.86 crore and was entirely an offer for sale by the promoters at Rs 156, the top of the Rs 145 to Rs 156 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Sharda Cropchem 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
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
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 Sharda Cropchem?
The current Grey Market Premium is ₹0.
What is the Sharda Cropchem IPO price band?
₹145 to ₹156, on a face value of ₹10.
When is the allotment?
The basis of allotment is 17 September 2014, with listing on 23 September 2014.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
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.
