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Nuziveedu Seeds Plans To Raise Rs900Cr IPO

By : Vivek Singh | 30 November 2011

Blackstone backed COMPSNuziveedu 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, COMPSJM 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 COMPSYaaganti Seeds and COMPSPravardhan 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

  DEAL TRACKER FOR
DateTransactionTypeBuyerSize ($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 
 
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23/04/12   M&A   Rossell India Limited (Formerly Rossell Tea Ltd)   Namsang Tea Estate   5.44   Completed  
 
  Profiles

Company

NamePromotersOfficeCompetitorWebsite
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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