Ahmedabad-based Narmada Bio-Chem Limited an ISO 9001:2015, 9001:2008, 14001:2004 and 14001:2015 certified company, engaged in manufacturing of various types of chemical and organic fertilizers filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI seeking permission for its Initial Public Offering (IPO).

The IPO comprises of up to 72,00,000 equity shares of face value of Rs.10 each (“equity shares”) of Narmada Bio-Chem Limited (the “company” or the “issuer”) for cash at a price of Rs.[•] per equity share (including a share premium of Rs. [•] per equity share) aggregating up to Rs. [•] millions (the “offer”) consisting of a fresh issue of up to 54,00,000 equity shares aggregating to Rs. [•] millions (the “fresh issue”) and an offer for sale of up to 18,00,000 equity shares by Narmada Organics Private Limited (“selling shareholder”) and aggregating to Rs. [●] millions ("offer for sale"), and together with the fresh issue (the “offer”). the offer comprises a net offer to the public of [●] equity shares (the “net offer”) and reservation of [●] equity shares aggregating up to Rs. [●] millions for subscription by eligible employees (as defined herein) not exceeding [●] % of the post-offer paid-up equity shares capital (the “employee reservation portion”). 

The offer would constitute [●] % of the post-offer paid-up equity share capital and the net offer to the public would constitute [●] % of the post-offer paid-up equity share capital. The company and selling shareholder may, in consultation with the book running lead manager ("brlm"), offer a discount of up to [●]% (equivalent to Rs. [●] million) on the offer price to eligible employees (“employee discount”).

The face value of the equity shares is Rs. 10 each. The price band, the employee discount and the minimum bid lot will be decided by the company and the selling shareholder in consultation with the Book Running Lead Managers (BRLMs).

The Net Proceeds from the Issue will be utilized towards funding the Working Capital Requirements of the Company; and General Corporate Purposes. (collectively, referred to herein as “Objects”)The Equity Shares offered through this Draft Red Herring Prospectus are proposed to be listed on the BSE and the NSE