Nuziveedu Seeds Plans To Raise Rs900Cr IPO
Blackstone backed 
Nuziveedu Seeds Limited is planning to raise Rs900 Cr IPO.
According to Economic Times, the company is planning to do a combination of fresh issue as well as secondary sale early next fiscal and the leading bankers appointed for the proposed issue are Goldman Sachs, JP Morgan, JM Financial and ENAM Securities.
In 2008, Blackstone invested around Rs250Cr in convertible instruments and depending upon the conversion price, Blackstone will have 10-20% stake in the company.
NSL Seeds, the flagship company NSL group is the hybrid seed company in India, engaged in R&D, production and marketing of seeds with market leadership in hybrid cotton seeds and significant presence in other field crops including corn, rice, sunflower, sorghum, pearl millet, and vegetable crops.
In 2009, the company acquired 51% each in Yaaganti Seeds and Pravardhan Seeds for a total consideration of Rs25Cr.
The NSL group is a diversified group that has a presence in textiles, sugar, wind energy and infrastructure. This year in July, FE Clean Energy Group invested $40 Mn in NSL Renewable Power Pvt Ltd, part of NSL Group to set up small & medium hydro and wind power projects in Himachal Pradesh, Maharashtra and Karnataka and solar power project in Gujarat.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 30/11/11 | Nuziveedu Seeds - IPO | IPO / Offerings | - | |
| 18/08/10 | Nuziveedu Seeds - Blackstone GPV Capital | Private Equity | Blackstone GPV Capital Partners (Mauritius) V-B Limited | 53.60 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 21/05/12 | M&A | Vilmorin & Cie | Bisco Bio Sciences Private Limited | - | Completed |
| 14/05/12 | Venture Capital | Acumen Fund Advisory Services India Private Limited | BASIX Krishi Samruddhi Limited | 2.00 | Completed |
| 30/04/12 | M&A | Roquettee Freres | Riddhi Siddhi Corn Processing Private Limited | 180.92 | Completed |
| 23/04/12 | M&A | Rossell India Limited (Formerly Rossell Tea Ltd) | Namsang Tea Estate | 5.44 | Completed |
Company |
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| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Nuziveedu Seeds Private Limited | M Prabhakar Rao & Family | Survey No. 69, Kandlakoya, Gundla Pochampally Village, Medchal Mandal |
Yaaganti Seeds Private Limited Krishidhan Seeds Private Limited Pravardhan Seeds Private Limited Swagath Seeds Private Limited Atash Seeds Private Limited Dhanuka Agritech Limited |
www.nuziveeduseeds.com |
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