Simran Agrovet to Launch ₹86 Crore IPO, Gearing for Expansion

Simran Agrovet Limited, based in Indore, India, announces a significant IPO valued at ₹86 crore. Founded in 2017, the poultry enterprise seeks to expand operations by setting up breeding and hatchery facilities, enhancing its feed mill capacity, and meeting working capital needs amid rising demand for organized poultry products.

VMPL Indore [India], February 16: Simran Agrovet Limited, a prominent poultry enterprise known for its comprehensive operations in poultry feed manufacturing, integration, and contract farming, has officially unveiled plans for its Initial Public Offering (IPO), a crucial development in its strategic growth initiative.

Founded in 2017 and headquartered in Indore, the company plays a vital role in the poultry industry, with activities encompassing the hatching, rearing, and marketing of poultry, including day-old chicks and broiler chickens. Its in-house feed manufacturing facility in Mhow, Indore, boasts an annual capacity of 66,000 metric tonnes. Furthermore, Simran Agrovet collaborates with third-party farmers under bio-secure conditions to conduct poultry integration and contract farming.

The upcoming IPO, projected at approximately ₹86 crore, will facilitate significant equity restructuring, with a post-issue dilution rate of 35%. In light of the company's current financial performance, Simran Agrovet's market valuation stands at around ₹246 crore, underscoring robust profitability and operational efficiency.

The IPO proceeds will support strategic ventures, namely the establishment of breeding and hatchery facilities, expansion of feed mill capabilities, and fulfillment of working capital requirements, tailored to capitalize on evolving market demands. The leadership team, including Mr. Avneet Singh Bhatia, Mr. Dilraj Singh Bhatia, Mr. Sumeet Singh Bhatia, and Mr. Kawaljeet Singh Bhatia, bring valuable industry insight to this growth trajectory.

With a surge in protein consumption and a burgeoning demand for organized poultry products, Simran Agrovet is poised to leverage these positive industry trends, enhancing its market footprint.