Nirman Agri Genetics Limited, incorporated in 2020, is a well-organized Agri-Input Company operating in India. The company specializes in the production, processing, and marketing of premium hybrid seeds, pesticides, and bio-organic products. These offerings cater to a wide range of crops, including corn, sunflower, cotton, paddy, grain sorghum, and more.
Recently, Nirman Agri Genetics has expanded its portfolio by venturing into micronutrients and Bioproducts. Additionally, they produce non-hybrid seeds, with a particular focus on paddy.
With facilities in Nashik and Nimgul, Maharashtra, Gujarat, and Madhya Pradesh, the company boasts robust production, outsourced processing, and R&D capabilities.
In 2022, Nirman took a significant step forward by introducing a new line of products under the name “Nirman Agri Genetics,” encompassing bio-pesticides, micronutrients, bio-fertilizers, fertilizer mixtures, and plant growth regulators.
Driven by a vision to become a leading crop solutions provider for farmers, Nirman Agri Genetics Limited is dedicated to offering high-yielding hybrid seeds and comprehensive crop management solutions, including micronutrients and other innovative by-products. Their commitment to delivering quality agricultural solutions sets them on a path to positively impact farming practices and contribute to the agricultural sector’s growth and productivity.
Stock Quote #
- Open: ₹186.00
- High – Low: ₹198.50 – ₹183.00
- Previous Close: ₹189.25
- Total Traded Value: 19,200
- Updated On: Jul 21, 2023 4:00 PM
IPO Details #
| IPO Date | Mar 15, 2023 to Mar 20, 2023 |
| Listing Date | Mar 28, 2023 |
| Face Value | ₹10 per share |
| Price | ₹99 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,050,800 shares (aggregating up to ₹20.30 Cr) |
| Fresh Issue | 2,050,800 shares (aggregating up to ₹20.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 104,400 shares Nnm Securities |
IPO Reservation #
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 104,400 (5.09%) |
| Other Shares Offered | 973,200 (47.45%) |
| Retail Shares Offered | 973,200 (47.45%) |
| Total Shares Offered | 2,050,800 (100%) |
IPO Timetable (Tentative) #
Nirman Agri Genetics Limited IPO opens on Mar 15, 2023, and closes on Mar 20, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Wednesday, 15 March 2023 |
| Closing Date | Monday, 20 March 2023 |
| Basis of Allotment | Thursday, 23 March 2023 |
| Initiation of Refunds | Friday, 24 March 2023 |
| Credit of Shares to Demat | Monday, 27 March 2023 |
| Listing Date | Tuesday, 28 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mar 20, 2023 |
IPO Lot Size #
Nirman Agri Genetics Limited IPO lot size is 1200 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹118,800 |
| Retail (Max) | 1 | 1200 | ₹118,800 |
| HNI (Min) | 2 | 2,400 | ₹237,600 |
| Lot Size Calculator | |||
IPO Promoter Holding #
Pranav Kailas Bagal is the Promoter of the company.
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 65.59% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-21 | 164.06 | 382.21 | 5.47 | 6.47 | 99.19 |
| 31-Mar-22 | 595.87 | 1,348.91 | 256.02 | 264.41 | 124.67 |
| 31-Oct-22 | 915.70 | 1,804.28 | 230.44 | 447.51 | 171.41 |
| Amount in ₹ Lakhs | |||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 14.93 |
| Market Cap (₹ Cr.) | 59.01 |
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
IPO Subscription Status (Bidding Detail) #
The Nirman Agri Genetics Limited IPO is subscribed 1.71 times on Mar 20, 2023 7:30:00 PM. The public issue subscribed 2.20 times in the retail category, times in the QIB category, and 1.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.22 |
| Retail | 2.20 |
| Total | 1.71 |
Total Application : 1,787 (2.20 times)
IPO Prospectus #
- › Nirman Agri Genetics IPO DRHP
- › Nirman Agri Genetics IPO RHP
IPO Listing Details #
| Listing Date | Mar 28, 2023 |
| BSE Script Code | |
| NSE Symbol | NIRMAN |
| ISIN | INE0OK701014 |
| Final Issue Price | ₹99 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹99.00 |
| ₹102.00 |
| ₹96.90 |
| ₹107.10 |
| ₹101.30 |
Check IPO Performance…
Company Contact Information #
Vedant Apartment, Near Reliance Shopee,
Dindori Road, Panchavati,
Nashik – 422 003
Phone: +91 253 2943101
Email: cs@nirmanagrigen.com
Website: http://www.nirmanagrigen.com/
IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Manager(s) #
Frequently Asked Questions #
When is the Nirman Agri Genetics Limited IPO open and close for subscription? #
The Nirman Agri Genetics Limited IPO opens on March 15, 2023, and closes on March 20, 2023.
What is the price of each equity share in the Nirman Agri Genetics IPO? #
The price of each equity share in the Nirman Agri Genetics IPO is ₹99.
What is the face value of each equity share in the Nirman Agri Genetics IPO? #
The face value of each equity share in the Nirman Agri Genetics IPO is ₹10.
What is the IPO size of Nirman Agri Genetics? #
The IPO size of Nirman Agri Genetics is ₹20.30 Crores, and it comprises 2,050,800 equity shares of ₹10 each.
What is the listing date of the Nirman Agri Genetics IPO? #
The listing date of the Nirman Agri Genetics IPO is March 28, 2023.
What is the lot size for the Nirman Agri Genetics IPO? #
The lot size for the Nirman Agri Genetics IPO is 1200 shares.
How can retail investors apply for Nirman Agri Genetics IPO shares? #
Retail investors can apply online for Nirman Agri Genetics IPO shares through banks (using ASBA) or through brokers (using UPI).
What is the subscription status of the Nirman Agri Genetics IPO? #
As of March 20, 2023, the Nirman Agri Genetics IPO is subscribed 1.71 times. The IPO has been subscribed 2.20 times in the retail category and 1.22 times in the Other category.
Where will the Nirman Agri Genetics IPO be listed? #
The Nirman Agri Genetics IPO will be listed on the NSE SME (National Stock Exchange of India SME platform).
Please note that the information provided here is based on the available data and may be subject to change. For the most up-to-date and accurate information, it is recommended to visit the official sources and financial portals directly.
