Narmada Bio-Chem is an Ahmedabad-based organic & chemical fertilizer company submitted its DRHP (Draft Red Herring Prospectus) with the market regulator the Securities and Exchange Board of India to get a permission to float an initial public offering (IPO).

This IPO comprises a fresh issue around 54 lac shares & also an offer for sale up to 18 lacs equity shares by Narmada Organics Pvt. Ltd. The fund raised through this IPO will be utilized to meet the working capital requirements & general corporate purposes.

The book running lead manager is Pantomath Capital Advisors and Karvy Computershare PrivateLimited is a registrar. The shares will be listed on BSE and NSE.

About Narmada Bio-Chem:

Narmada Bio-Chem is highly engaged in producing of plenty of chemical and organic fertilizers. It trades in organic fertilizers and chemical compounds as well. Currently, this company has 4 product units – two at Changodar, Ahmedabad, one at Kalyangadh, Bavla, Ahmedabad and the 4th one at Malarpura.