The shares of the seed manufacturer are currently trading at a grey market premium of 0%, suggesting expectations of a listing close to the issue price of Rs 65. Dealers tracking the unofficial market said the absence of a premium reflects balanced demand rather than outright weakness, with investors weighing steady financial growth against concerns over valuation, leverage and limited near-term triggers.
The Rs 21.45 crore IPO saw moderate demand, getting subscribed 2.03 times overall. Retail investors led the bidding with a 2.28 times subscription, while qualified institutional buyers and non-institutional investors subscribed their portions 1.79 times and 1.78 times, respectively. The issue also drew Rs 6.08 crore from anchor investors ahead of the opening, lending early stability to the book.
Unisem Agritech’s public offer consisted entirely of a fresh issue of 33 lakh shares, with proceeds earmarked primarily for working capital requirements and general corporate purposes. At the upper end of the price band, the company is valued at about Rs 74 crore.
Founded in 2016, Unisem Agritech operates in the hybrid seeds segment, developing and marketing vegetable, flower and field crop seeds tailored to different agro-climatic conditions. The company follows a research-driven model, working with contract seed growers and running a fully integrated processing facility in Karnataka. Its distribution network spans several agriculturally active states, including Madhya Pradesh, Uttar Pradesh, Telangana and Andhra Pradesh.
Financially, the company has posted consistent growth off a small base. Revenue rose 13% in FY25, while profit after tax nearly doubled to Rs 4.27 crore.
The post-listing performance will likely hinge on execution, balance-sheet discipline and the company’s ability to sustain growth in a competitive and weather-dependent sector.