Simran Agrovet Files DRHP For ₹78.50 Crore IPO on NSE Emerge SME Platform

Simran Agrovet Limited has submitted its Draft Red Herring Prospectus (DRHP) with the National Stock Exchange of India. The company intends to raise funds through a fresh issue of 64.35 lakh equity shares, aggregating up to ₹78.50 crore. Incorporated in 2017, it operates across the poultry chain, including breeding, hatchery operations, and feed production facilities.

Business Overview

Simran Agrovet began as a private limited company before converting into a public limited firm in December 2024. It runs integrated operations, from breeding farms to feed mills, enabling control across the poultry value chain. The promoters are Mr. Avneet Singh Bhatia, Mr. Dilraj Singh Bhatia, and Mr. Sumeet Singh Bhatia. Their leadership has helped the company expand consistently and strengthen its industry presence.

IPO Details

The IPO is a 100% fresh issue of 64.35 lakh equity shares worth ₹78.50 crore. Mark Corporate Advisors Pvt. Ltd. has been appointed as the lead manager. Skyline Financial Services Pvt. Ltd. will act as the registrar to the issue. The shares are proposed to list on NSE Emerge, opening opportunities for small and medium enterprise investors.

Use Of Proceeds

Simran Agrovet plans to use ₹35 crore to build new breeding farms, hatchery units, and expand feed mill capacity. Around ₹25 crore has been earmarked for meeting working capital needs. The remaining funds will support general corporate purposes as the company seeks to scale operations. These allocations underline the firm’s focus on growth and operational flexibility.

Financial Performance

The company showed robust growth in FY25 compared to FY24, reflecting its expanding scale. Total assets rose from ₹8,644.58 lakh to ₹13,829.75 lakh, while revenue increased from ₹37,049.40 lakh to ₹56,799.78 lakh. Profit after tax climbed to ₹1,113.26 lakh, supported by stable EBITDA margins of about 2.94%. These numbers indicate consistent profitability despite expansion costs.

Borrowings rose during the period, but equity strength improved the overall leverage position. The debt-to-equity ratio declined from 1.05 in FY24 to 0.73 in FY25. This shows that the company managed its capital mix efficiently, balancing growth funding with stronger equity retention. As a result, it enters the IPO with a healthier financial profile.

Conclusion

Simran Agrovet’s IPO will support expansion in breeding farms, hatcheries, and feed mill infrastructure. The focus on capacity growth highlights its ambition to strengthen operations. With higher revenues, better profitability, and improved leverage, the company has built a more resilient foundation. Listing on NSE Emerge SME will open its growth story to a wider set of investors.

Read More: Upcoming IPOs This Week: 5 Mainboard and 16 SME

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