Nirman Agri Genetics Limited IPO Detail
Incorporated in 2020, Nirman Agri Genetics Limited is an organized Agri-Input Company in India. The company is in the business of production, processing, and marketing of high-quality hybrid seeds, Pesticides, and Bio-organic. These processes are used for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc.
Expanding its horizon, Nirman Agri Genetics Limited recently forayed into micronutrients and Bioproducts. And they also produce non-hybrid seeds, primarily for paddy.
The company currently has production, outsourced processing, and R&D facilities in Nashik and Nimgul, Maharashtra, Gujarat, and Madhya Pradesh.
In 2022, Nirman began to market bio-pesticides, micronutrients, bio-fertilizers, fertilizer mixtures & plant growth regulators under the name "Nirman Agri Genetics".
Nirman Agri Genetics Limited strives at becoming a leading crop solutions provider for farmers by supplying high-yielding hybrid seeds and crop management through micronutrients, by-products, etc.
Company Promoters
Pranav Kailas Bagal is the Promoter of the company.IPO Details
| IPO Opening Date | Mar 15, 2023 |
| IPO Closing Date | Mar 20, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹99 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹20.30 Cr |
| Fresh Issue | 2,050,800 shares of ₹10 (aggregating up to ₹20.30 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.62x | 0.49x | 0.55x | |
| Day 2 | - | - | 0.74x | 0.99x | 0.86x | |
| Day 3 | - | - | 0.74x | 1.27x | 1.01x | |
| Day 4 | - | - | 1.22x | 2.20x | 1.71x |
IPO Tentative Timetable
The Nirman Agri Genetics Limited IPO open date is Mar 15, 2023, and the close date is Mar 20, 2023. The issue may list on Mar 28, 2023.
| IPO Open Date | Mar 15, 2023 |
| IPO Close Date | Mar 20, 2023 |
| Basis of Allotment Date | Mar 23, 2023 |
| Initiation of Refunds | Mar 24, 2023 |
| Credit of Shares to Demat Account | Mar 27, 2023 |
| IPO Listing Date | Mar 28, 2023 |
IPO Lot Size
The Nirman Agri Genetics Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹118800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹118800 |
| Maximum | 1 | 1200 | ₹118800 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 65.59% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 164.06 | 382.21 | 5.47 |
| 31-Mar-22 | 595.87 | 1348.91 | 256.02 |
| 30-Sep-22 | 915.70 | 1804.28 | 230.44 |
Objects of the Issue:
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding additional Working capital requirements
- Investment in Strategic Acquisition / Joint Venture
- Purchase of Computer and other hardware
- General Corporate Purposes
Nirman Agri Genetics Limited IPO Registrar:
Bigshare Services Pvt Ltd
Nirman Agri Genetics Limited IPO Lead Manager(s):
First Overseas Capital Limited
Company Contact Information:
Nirman Agri Genetics Limited
Vedant Apartment, Near Reliance Shopee, Dindori Road, Panchavati
Nashik
Nashik
