Unisem Agritech
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 17 Dec 2025 | ₹0 | 0.00% | ₹0 | ₹65 | ₹0 |
| 16 Dec 2025 | ₹0 | 0.00% | ₹0 | ₹65 | ₹0 |
| 15 Dec 2025 | ₹0 | 0.00% | ₹0 | ₹65 | ₹0 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- IPO date
- 10 Dec 2025 – 12 Dec 2025
- Listing date
- 17 Dec 2025
- Face value
- ₹1 per share
- Issue price
- ₹65 per share
- Lot size
- 2,000 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹21.45 Cr
- Market cap at offer price
- ₹73.66 Cr
- Promoter holding
- 99.99% → 70.88% pre-issue → post-issue
- ISIN
- INE1FHV01026
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- GetFive Advisors Pvt.Ltd.
- Registered office
- RS No.11B/2A/4, Magoda Village, Near KSRTC Bus Depot, Karnataka
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 9,36,000 | — | — |
| Market maker | 1,68,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹65
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,30,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,60,000 |
| S-HNI (max) | 7 | 14,000 | ₹9,10,000 |
| B-HNI (min) | 8 | 16,000 | ₹10,40,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹65 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 5.32 | 6.17 |
| P/E (×) | 12.22 | 10.53 |
| Price to book (×) | 5.44 | — |
| Market cap | — | ₹73.66 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 44.54%
- ROCE
- 38.89%
- Debt / equity
- 1.24
- PAT margin
- 6.19%
- EBITDA margin
- 10.28%
- NAV per share
- ₹11.95
- Price to book
- 5.44
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Unisem Agritech
Unisem Agritech Limited is a seed development and trading company incorporated on September 9, 2016 in Karnataka, India. The company integrates conventional breeding techniques to develop hybrid vegetable, flower, and field crop seeds that offer higher yields, improved product quality, and greater resistance to pests and diseases. Its core operations involve developing hybrid breeder seeds, processing them into foundation seeds (parental materials for hybrids), and then multiplying these into commercial seeds for market sale. The company provides multiple seed variants designed for different agro-climatic conditions across various geographic regions in India, taking into account factors such as water availability, crop duration, and soil characteristics.
Company Analysis
from RHPUnisem Agritech Limited develops, processes, and sells diverse hybrid vegetable, flower, and field crop seeds through conventional breeding techniques to enhance yields and disease resistance.
Unisem Agritech Limited is a seed development and trading company incorporated on September 9, 2016 in Karnataka, India. The company integrates conventional breeding techniques to develop hybrid vegetable, flower, and field crop seeds that offer higher yields, improved product quality, and greater resistance to pests and diseases. Its core operations involve developing hybrid breeder seeds, processing them into foundation seeds (parental materials for hybrids), and then multiplying these into commercial seeds for market sale. The company provides multiple seed variants designed for different agro-climatic conditions across various geographic regions in India, taking into account factors such as water availability, crop duration, and soil characteristics.
Objects of the Issue
- Funding Working Capital Requirements ₹1,106.00 lakhs p.24
- Repayment of Loan ₹575.00 lakhs p.24
- General Corporate Purpose p.24
- To meet the working capital requirement 1,106.00 lakhs p.89
- To repay Banking Facilities availed by the company 575.00 lakhs p.91
- General corporate purposes [●] p.93
- Funding capex for the new seed processing plant To be determined at pricing p.281
- Repayment of borrowings To be determined at pricing
- General corporate purposes Not exceeding 15% of amount raised or ₹10 crores, whichever is lower p.303
Issue Structure
- Total Issue
- Up to 33,00,000 Equity Shares of Face Value of ₹5/- each aggregating ₹[●] Lakhs
- Fresh Issue
- Up to 33,00,000 Equity Shares of Face Value of ₹5/- each for cash at price of ₹[●] per Equity Share aggregating ₹[●] Lakhs
- Offer for Sale
- Nil
- Price Band
- [●] (to be determined)
- Lot Size
- [●] (to be determined)
- Face Value
- ₹5/- each
Business Model
The company develops and sells hybrid vegetable, flower, and field crop seeds primarily to dealers, who in turn sell to farmers. Revenue is generated through the sale of these diverse seed products. The company relies on contract relationships with seed-growing farmers for seed production, providing farm inputs and managing activities during seed production stages.
Business Segments
SWOT Analysis
- • Compliance with Companies Act, 2013(p.86)
- • 100% dematerialized equity shareholding(p.87)
- • Strong return on equity(p.100)
- • Diverse product portfolio across vegetable, flower, and field crop seeds(p.124)
- • Integrated seed processing unit with warehousing and strategic location(p.124)
- • Experienced R&D team with breeding capabilities(p.124)
- • Experienced promoters with 10+ years in seed business(p.124)
- • Large dealer and distributor network across multiple states(p.165)
- • Revenue growth track record and profitability(p.123)
- • Geographic diversification across multiple regions(p.124)
- • Integrated hybrid seed development with advanced processing capabilities(p.182)
- • Nationwide distribution network across multiple states(p.220)
- • Modern seed processing infrastructure(p.182)
- • Experienced promoter management with 50+ years combined industry experience(p.205)
- • Revenue growth trajectory(p.216)
- • International market expansion(p.183)
- • Highly dependent on vegetable seed sales(p.31)
- • Reliance on third-party seed growing farmers without long-term contracts(p.31)
- • High working capital requirements with long receivables collection cycle(p.32)
- • Incomplete promoter group disclosures due to uncooperative relatives(p.31)
- • Concentration of revenue among top dealers(p.34)
- • Promoters have provided personal guarantees on debt facilities(p.34)
- • Outstanding litigations and tax proceedings against the company(p.33)
- • Missing Fire No Objection Certificate for premises(p.37)
- • High debt-to-equity ratio(p.100)
- • Concentrated promoter ownership pre-IPO(p.79)
- • Significant working capital gap(p.90)
- • Heavy concentration in two states (Bihar and Madhya Pradesh) representing 38.93% of revenue(p.122)
- • Top 10 dealers represent only 12.45% of revenue—dependency on dealer network(p.122)
- • High debt-to-equity ratio indicating leverage dependency(p.123)
- • Significant reliance on contract farmers for seed production(p.121)
- • Small company with limited scale—low absolute market share(p.121)
- • High dependence on few major customers/dealers(p.182)
- • Concentrated geographical operations and single processing facility(p.182)
- • Significant increase in short-term borrowings(p.214)
- • Rising working capital requirements and inventory levels(p.214)
- • Pending income tax demands(p.222)
- • India's agriculture sector growth and food security importance(p.23)
- • Strong growth in agricultural exports(p.23)
- • FDI inflows into agriculture services(p.23)
- • Expanding revenue from new seed varieties(p.23)
- • Diversification into flower and field crop seeds(p.23)
- • Listing to enhance corporate image and brand visibility(p.88)
- • Liquidity creation for existing shareholders(p.88)
- • Working capital funding to support operations(p.89)
- • Debt reduction to lower finance costs(p.92)
- • Expansion into new crops and vegetables beyond current portfolio(p.125)
- • Expansion into international markets (Nepal, Sri Lanka, Botswana)(p.125)
- • India's agricultural sector expected to grow to US$24 billion by 2025(p.115)
- • Indian Agritech companies expected to witness investments of US$30-35 billion by 2025(p.117)
- • Growing adoption of advanced technologies (AI, blockchain, GIS, drones) in agriculture(p.115)
- • Strong government support for agriculture through various schemes and initiatives(p.117)
- • Government promotion of seed industry development(p.176)
- • Expansion into new geographic markets and regions(p.220)
- • Potential for enhanced R&D in plant varieties(p.176)
- • Increasing farmer demand for quality seeds(p.182)
- • International market opportunities(p.183)
- • Seasonal nature of business creates revenue volatility(p.33)
- • Weather conditions and crop diseases impact seed production(p.39)
- • Increasing competition from organized and unorganized players(p.40)
- • Regulatory requirements and changing government policies(p.37)
- • Infrastructure constraints and transportation cost inflation(p.41)
- • Supply chain disruptions and third-party dependencies(p.35)
- • Product quality claims and regulatory compliance on seed standards(p.39)
- • COVID-19 and pandemic-related business disruptions(p.46)
- • Natural disasters and civil unrest risk(p.46)
- • Regulatory compliance complexity under Companies Act, 2013(p.48)
- • Uncertainty in GST implementation and tax regime(p.48)
- • Environmental compliance liabilities for suppliers(p.48)
- • Political instability and changes in economic liberalization policies(p.49)
- • Natural calamities and civil disturbances(p.49)
- • Volatility and problems in Indian securities markets(p.50)
- • High competitive pressure from larger established seed companies(p.170)
- • India's agricultural growth projected to decelerate to 6.5% in FY2024/25(p.110)
- • Monsoon and weather dependency affecting agricultural productivity(p.112)
- • Regulatory compliance requirements for seed business (Seeds Act 1966, GEM Rules, etc.)(p.174)
- • Dependence on contract farmers for seed production creates supply chain risks(p.121)
- • Price competition often determines tender awards in seed industry(p.170)
- • Regulatory compliance costs and plant variety protection obligations(p.176)
- • Multiple overlapping employment and labour law compliance requirements(p.179)
- • Stringent BIS and quality standards for seeds(p.177)
- • Foreign exchange and trade regulation risks(p.180)
- • Tax and regulatory compliance burden(p.177)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| H N Devakumar | Promoter | 19,27,632 shares (23.999%) | — |
| B H Devasinghnaik | Promoter | 19,27,632 shares (23.999%) | — |
| Dharanendra H Gouda | Promoter | 3,21,272 shares (3.999%) | — |
| Ramalingam Venkataramana | Promoter | 19,27,632 shares (23.999%) | — |
| Anil K N | Promoter | 19,27,632 shares (23.999%) | — |
| H N Devakumar | Promoter | 19,27,632 (23.999%) | [●] |
| B H Devasinghnaik | Promoter | 19,27,632 (23.999%) | [●] |
| Dharanendra H Gouda | Promoter | 3,21,272 (3.999%) | [●] |
| Ramalingam Venkataramana | Promoter | 19,27,632 (23.999%) | [●] |
| Anil K N | Promoter | 19,27,632 (23.999%) | [●] |
| H N Devakumar | Promoter | — | — |
| Dharanendra H Gouda | Promoter | — | — |
| B H Devasinghnaik | Promoter | — | — |
| Anil K N | Promoter | — | — |
| Ramalingam Venkataramana | Promoter | — | — |
| H N Devakumar | Promoter/Chairman and Managing Director | 23.999% | — |
| Anil K N | Promoter/Whole-Time Director | 23.999% | — |
| Dharanendra H Gouda | Promoter/Whole-Time Director | 3.999% | — |
| B H Devasinghnaik | Promoter/Chief Executive Officer | 23.999% | — |
| Ramalingam Venkataramana | Promoter/Chief Financial Officer | 23.999% | — |
| Honnebagi Nagappa Devakumar | Managing Director and Chairman/Promoter | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.