Simran Agrovet Files DRHP for ₹78.50 Crore IPO on NSE Emerge

Indore, September 30, 2025: Simran Agrovet Limited has submitted its Draft Red Herring Prospectus (DRHP) to the National Stock Exchange of India, aiming for an Initial Public Offering (IPO) on the NSE Emerge SME platform. The IPO comprises a 100% fresh issue of 64.35 lakh equity shares, aggregating up to ₹78.50 crore.

Simran Agrovert was incorporated in 2017 and is involved in the business of poultry, which has activities ranging from breeding to hatchery operation to feed production. It was incorporated as a private limited company and was transformed into a public limited company in December 2024. Mr. Avneet Singh Bhatia, Mr. Dilraj Singh Bhatia, and Mr. Sumeet Singh Bhatia are promoters of the company.

Simran Agrovet IPO Use of Proceeds

Proceeds from the issue will be utilised for:

• Building of new breeding farm and hatchery facilities, and improvement of feed mill capacity – 35 crore
• Working capital needs -25 Crore
• General corporate activities.

Simran Agrovet IPO Lead Managers and Registrars

Mark Corporate Advisors Pvt. Ltd. is acting as lead manager to the IPO. Skyline Financial Services Pvt. Ltd. will be the registrar to the issue.

Simran Agrovet IPO Financial Performance

The company experienced strong financial expansion from FY24 to FY25. Total Assets grew from 8,644.58 Lakhs to 13,829.75 Lakhs, driving Revenue from 37,049.40 to 56,799.78 Lakhs. PAT rose substantially to 1,113.26 Lakhs. While total Borrowings increased, the Debt-to-Equity ratio improved significantly from 1.05 to 0.73, reflecting stronger equity retention. EBITDA Margin remained relatively stable at approximately 2.94%, indicating consistent profitability relative to sales.

REF: https://nsearchives.nseindia.com/emerge/corporates/content/Registration_26092025192727_SimranDP.pdf

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