Unisem Agritech Ltd IPO
FMCG
Price Band
₹63 – ₹65
Lot Size
2000
Minimum Bid Quantity
4000
Minimum Investment
₹260000
Issue Size
₹21.45Cr
Opens
2025-12-10
Closes
2025-12-12
Listing
17-12-2025
Subscription Status
Qualified Institutional Buyers
0 x
Non-Institutional Investor
0.33 x
Retail Individual Investor
0.2 x
Total
0.18 x
IPO Details
Issue Type
FP
Face Value
₹5
Tick Size
1
ISIN
INE1FHV01026
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Unisem Agritech Limited is engaged in the development, processing, and sale of seeds for vegetables, flowers, and field crops. The company was originally incorporated as Unisem Agritech Private Limited in 2016 and was converted into a public limited company in 2025. Its operations focus on producing hybrid seed varieties using conventional breeding methods to achieve specific agronomic traits such as yield potential, crop quality, and resistance characteristics. The company develops hybrid breeder seeds, selects desirable traits, and processes them into foundation seeds and commercial seeds. Seed production is carried out through grower agreements, supported by periodic field monitoring, and harvested seeds undergo quality evaluation before processing. The company operates a processing unit located in Ranebennur, Karnataka, which is used for seed processing, packing, and distribution to dealers across multiple states. Unisem Agritech carries out research and development (R&D) activities through a team of breeders and other employees working on research land obtained through lease arrangements.
Pros
- • The company claims to offer a broad portfolio of seed products, including 193 vegetable seed variants, 10 flower seed variants, and eight field crop seed variants. This range allows the company to supply multiple categories of seeds from a single source.
- • The company claims to operate an integrated seed processing unit that includes sorting, grading, and packing machinery along with a warehouse facility. Having processing and storage infrastructure within one premise may support production planning based on sowing seasons. The location is reported to have logistical access for product movement.
- • The company claims to conduct research activities focused on developing hybrid seeds. It reports having a dedicated team of full-time researchers and access to 27.25 acres of farmland and laboratory infrastructure. These facilities support testing and development of new seed varieties.
Cons
- • The company derives a significant portion of its revenue from vegetable seed sales, making it exposed to product concentration risk. Vegetable seeds contributed Rs 58.06 crore (84.08 percent) of total revenue in FY25, Rs 48.06 crore (78.70 percent) in FY24, and Rs 38.54 crore (82.17 percent) in FY23. Any decline in demand, performance issues, or regulatory changes may adversely affect revenue and profitability.
- • The business requires substantial working capital, particularly for trade receivables and inventories, which may strain liquidity. Trade receivables were Rs 13.01 crore (31.59 percent) of the total current assets in FY25, Rs 8.84 crore (32.69 percent) in FY24, and Rs 7.39 crore (29.69 percent) in FY23. Any delay in collections or inability to secure funding may adversely impact operations.
- • The company relies heavily on a large network of contract farmers for seed production, making it vulnerable to shortages, disputes, regulatory changes, and compensation demands. Fluctuations in farmer availability or labour policies may lead to production disruptions and increased costs. These may affect cash flows and operational continuity.
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