22 Apr 07 Kaveri Seed Company Limited IPO
Kaveri Seed Company Limited, a preferred seed brand is coming out with an IPO. Kaveri Seed Company has filed the draft red herring prospectus with SEBI and is waiting for SEBI’s approval for the IPO. Kaveri Seed Company Limited was founded by Mr. G.V. Bhaskar Rao in 1976. Kaveri Seed Company Limited was earlier known as GVB Rao & Company. Kaveri Seed Company introduced the first ever proprietary private corn hybrid in South India. Kaveri Seed Company diversified into proprietary hybrid seeds of other crops like sunflower, pearl millet, sorghum and rice. Kaveri seed company has a very strong position in corn and sunflower with hybrids often performing much better than that of their competitors. Recently, Kaveri Seed Company has ventured into breeding and marketing of hybrid vegetable seeds. Kaveri Seed Company takes pride in its reputation of being a 100 percent Indian Company with a national presence. Kaveri Seed Company has a sizable share in the Indian seed market. Its product development line is full of new hybrids with high yielding potential together with tolerance to major pest and diseases. One of its competitors, Advanta, recently came up with an IPO. The Advanta IPO generated good demand and was subscribed 4 times its issue size.
Kaveri Seed Company IPO Prospectus
For more information, read the draft red herring prospectus of the Kaveri Seed Company IPO.
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