Quanto Agroworld IPO GMP Today

Quanto Agroworld is engaged in the cultivation, processing, and supply of medicinal and aromatic plants (MAPs) in India, with lemongrass as its primary crop. The company undertakes activities including land preparation, plantation, crop management, harvesting, steam distillation, packaging, and dispatch. Its products include lemongrass biomass, lemongrass tea-cut, and lemongrass essential oil, which are supplied primarily to institutional and B2B customers across India. The company’s cultivation operations are undertaken on government-leased agricultural land and privately leased farmland. It has approximately 424 acres of developed MSFCL land under cultivation, 312.57 acres under development, and 165.33 acres of privately leased agricultural land managed through its subsidiary, Quanto Agritech Private Limited. Its processing facility located at Ravalgaon, Maharashtra, is spread across approximately 0.50 acres. The facility has steam distillation units, storage infrastructure, and related utilities, with a certified installed essential oil processing capacity of approximately 11.25 metric tonnes per annum (MTPA). Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Capital expenditure for distillation plant at Ravalgaon, Maharashtra – Rs 3.79 crore Capital expenditure for expansion and development of farms – Rs 15.23 crore Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company – Rs 3.63 crore General corporate purposes – Rs 4.65 crore