Agriculture and agri-input businesses have been active in the SME IPO space, backed by growing demand for better yields and resilient crop varieties. In this segment, Unisem Agritech Limited is coming out with its IPO, giving investors exposure to the hybrid seed business that caters to vegetables, flowers, and field crops.
Unisem Agritech IPO opens for subscription on December 10, 2025 and closes on December 12, 2025. It is a fully fresh issue that will list on the BSE SME. Here is a detailed look at the company, its IPO structure, financial performance, and key considerations for investors.
About Unisem Agritech Ltd.
Founded in September 2016, Unisem Agritech Limited focuses on the development, processing, and sale of seeds for vegetables, flowers, and field crops. The company uses conventional breeding techniques to develop hybrid seeds that target higher yields, better quality, and improved resistance to pests and diseases compared to natural or open-pollinated varieties.
Unisem Agritech works through a structured seed development process. It identifies promising parent lines, develops foundation seeds, and multiplies them into commercial seeds tailored to different agroclimatic conditions. These hybrids are designed keeping in mind factors like water availability, soil type, and crop duration.
For large-scale production, the company engages contract seed growers under formal agreements. Their fields are monitored to ensure agronomic practices are followed. After harvest, seeds pass through strict quality checks and are processed at the company’s facility in Ranebennur, Karnataka. The processed seeds are then packed and distributed through a network of dealers across multiple states.
With more than 8 years of operations and over 20 years of combined promoter experience, Unisem Agritech positions itself as a quality-focused player in the hybrid seed space. Its R and D team works continuously on new hybrids to address evolving farmer needs. As of September 30, 2025, the company employed 166 on-roll employees and 131 contractual staff.
Unisem Agritech IPO Details
Unisem Agritech IPO is a book-building issue with a total size of ₹21.45 crore, entirely through a fresh issue of 33,00,000 equity shares. There is no offer for sale component, which means all funds raised will flow into the company for growth and balance sheet requirements.
The IPO price band is ₹63 to ₹65 per share, with a face value of ₹5 per share. Post issue, the company’s equity base will increase from 80,32,000 shares to 1,13,32,000 shares.
A major portion of the net proceeds will be used to fund working capital needs and repay banking facilities, with the balance earmarked for general corporate purposes. This indicates a focus on strengthening day-to-day operations and improving the balance sheet.
Important IPO Timeline
| Event | Date |
| IPO Open Date | Wednesday, Dec 10, 2025 |
| IPO Close Date | Friday, Dec 12, 2025 |
| Tentative Allotment Date | Monday, Dec 15, 2025 |
| Initiation of Refunds | Tuesday, Dec 16, 2025 |
| Credit of Shares to Demat | Tuesday, Dec 16, 2025 |
| Tentative Listing Date | Wednesday, Dec 17, 2025 |
| Cut off time for UPI mandate confirmation | 5 PM on Friday, Dec 12, 2025 |
Key IPO Details
| IPO Date | Wed, Dec 10, 2025 to Fri, Dec 12, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹63 to ₹65 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 33,00,000 shares (aggregating up to ₹21.45 Cr) |
| Reserved for Market Maker | 1,68,000 shares (aggregating up to ₹1.09 Cr)SMC Global Securities Ltd. |
| Net Offered to Public | 31,32,000 shares (aggregating up to ₹20.36 Cr) |
| Share Holding Pre Issue | 80,32,000 shares |
| Share Holding Post Issue | 1,13,32,000 shares |
GetFive Advisors Pvt. Ltd. is the book-running lead manager, and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is SMC Global Securities Ltd.
Unisem Agritech IPO Reservation
Unisem Agritech IPO has separate allocations for different investor categories, including QIBs, NIIs, and retail investors, along with a market maker and anchor portion.
| Investor Category | Shares Offered | Percentage of Issue |
| Market Maker | 1,68,000 | 5.09% |
| QIB | 15,60,000 | 47.27% |
| NII (HNI) | 4,72,000 | 14.30% |
| Retail (RII) | 11,00,000 | 33.33% |
| Total | 33,00,000 | 100.00% |
Unisem Agritech IPO Lot Size
Investors need to apply in lots of 2,000 shares. Retail investors must apply for at least two lots, which results in a relatively high minimum ticket size for an SME issue.
| Application Category | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,60,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,60,000 |
| S HNI (Minimum) | 3 | 6,000 | ₹3,90,000 |
| S HNI (Maximum) | 7 | 14,000 | ₹9,10,000 |
| B HNI (Minimum) | 8 | 16,000 | ₹10,40,000 |
Unisem Agritech Financials
Unisem Agritech has reported steady growth in revenue with a sharper rise in profitability in recent years.
Between FY 2024 and FY 2025, total income increased by around 13%, while profit after tax (PAT) grew by 98%, indicating margin expansion and improved efficiency. The company has also scaled its asset base and net worth as it grows its seed portfolio and operations.
Key Company Financials (Restated Consolidated)
Amounts in ₹ crore
| Particulars | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 62.56 | 48.00 | 30.68 | 26.60 |
| Total Income | 51.34 | 69.08 | 61.16 | 46.91 |
| Profit After Tax | 3.50 | 4.27 | 2.15 | 1.32 |
| EBITDA | 5.90 | 7.10 | 4.03 | 2.69 |
| Net Worth | 13.09 | 9.60 | 5.32 | 4.47 |
| Reserves and Surplus | 9.08 | 5.58 | 1.31 | 0.45 |
| Total Borrowing | 25.44 | 11.90 | 6.11 | 5.81 |
Key Performance Indicators (KPI)
As of March 31, 2025, Unisem Agritech displays strong return ratios along with moderate leverage.
| KPI | Value |
| Return on Equity (ROE) | 57.30% |
| Return on Capital Employed (ROCE) | 38.89% |
| Debt to Equity | 1.24 |
| Return on Net Worth (RoNW) | 44.54% |
| PAT Margin | 6.19% |
| EBITDA Margin | 10.28% |
| Price to Book Value | 5.44 |
Valuation Metrics
| Metric | Pre IPO | Post IPO |
| EPS (₹) | 5.32 | 6.17 |
| P/E (x) | 12.21 | 10.54 |
| Promoter Holding | 99.99% | 70.88% |
Promoters of the company are H N Devakumar, B H Devasinghnaik, Dharanendra H Gouda, Ramalingam Venkataramana, and Anil K N.
Competitive Strengths
Key strengths of Unisem Agritech include:
- Wide and diversified seed portfolio across vegetables, flowers, and field crops, with variants suited for different agro-climatic zones.
- Experienced leadership and technical team, with more than two decades of combined promoter experience in seed development and marketing.
- Integrated seed processing unit with warehouse facility in Ranebennur, Karnataka, which supports quality control and efficient storage.
- Strong R&D capabilities, with breeders and scientists focused on developing high-yielding and disease-resistant hybrids.
- Geographically diversified grower and dealer base across states such as Madhya Pradesh, Uttar Pradesh, Telangana, Odisha, Andhra Pradesh, and Karnataka.
- On-ground execution and management expertise that supports scale-up while maintaining product quality.
Objects of the Issue
Unisem Agritech plans to use the net proceeds from the IPO for the following purposes:
| S. No. | Object of the Issue | Amount (₹ crore) |
| 1 | To meet working capital requirements | 11.06 |
| 2 | To repay the banking facilities availed by the company | 5.75 |
| 3 | General corporate purposes | Balance amount |
Unisem Agritech IPO Review
Unisem Agritech Ltd operates in the hybrid seed segment with a diversified product portfolio covering vegetables, flowers, and field crops. The company has delivered growth in both revenue and profitability over the reported periods, which is a positive sign.
However, based on recent financial data, the IPO appears aggressively priced. In addition, the small post IPO equity base suggests that investors may need to have a longer holding period before any potential migration to the main board or rerating.
Only well-informed or cash-surplus investors may consider deploying moderate funds for the medium term, while others may choose to avoid the issue.
Unisem Agritech IPO: Peer Comparison
Unisem Agritech IPO can be compared with peers operating in the seeds and agri input space, such as Kaveri Seed Company Ltd, Rallis India Ltd, Dhaniya Seeds Ltd, Advanta Enterprises Ltd, and Mangalam Seeds Ltd. Reviewing these companies helps investors understand Unisem Agritech’s position within the hybrid seeds segment and evaluate its scale, growth potential, and competitive strengths before making informed investment decisions.
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Conclusion
Unisem Agritech IPO gives investors an opportunity to participate in a niche agri-input business that focuses on hybrid seeds for vegetables, flowers, and field crops. The company benefits from:
- An evolving product portfolio
- Growing top and bottom lines
- Strong return ratios and a focused R&D driven model
At the same time, investors should keep in mind:
- The IPO is viewed as aggressively priced based on available financials.
- There is rising borrowing on the balance sheet.
- The SME platform and relatively small equity base may imply higher risk and longer holding horizons.
Investors who understand the SME and agri input space, and who are comfortable with valuation and liquidity risks can study the Unisem Agritech IPO in more detail before making a final investment decision.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
