Delhi based Continental Seeds and Chemicals Limited engaged in the business of developing, processing, grading and supplying of all kind of agricultural foundation and certified seeds and trading of Mentha Oil, is all set to launch its maiden IPO offering 16,20,000 equity shares at issue price of Rs. 10 each making the issue size of around Rs. 4.21 crores.

The main objectives of the company to come up with an IPO are to reduce its debt, to part finance working capital requirements of the Company, to meet General corporate purposes and meet the expenses of the Issue.

Seed processing is a vital part of the seed production needed to move the improved genetic materials of the plant breeder into commercial channels for feeding the rapidly expanding world population.

The company which has already made significant foot print in the seed industry segment, is now aggressively looking at key opportunities in the seed business.

The farmer must get the quality seed that is free from all undesired materials because farmer's entire crop depends on it. Company which has its state of art, ultra modern manufacturing unit situated at Bazpur district in Uttarakhand also obtains seed certification certificate from Uttarakhand State Seed and Organic Production Certification Agency.

On the Financial front, EPS of Continental Seeds and Chemicals Limited during the year 2016 was recorded at Rs. 0.88 and in the very next year in 2017 it rose to Rs. 1.11.

Source: http://www.business-standard.com/