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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.
| IPO Date | Mar 15, 2023 to Mar 20, 2023 |
| Listing Date | [.] |
| 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 |
| Other Shares Offered | 973,200 (50.00%) |
| Retail Shares Offered | 973,200 (50.00%) |
| Market Maker portion | 104,400 shares (NNM SECURITIES PVT. LTD.) |
| Total Shares Offered | 1,946,400 |
Nirman Agri Genetics IPO opens on Mar 15, 2023, and closes on Mar 20, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Mar 15, 2023 |
| Closing Date | Mar 20, 2023 |
| Basis of Allotment | Mar 23, 2023 |
| Initiation of Refunds | Mar 24, 2023 |
| Credit of Shares to Demat | Mar 27, 2023 |
| Listing Date | Mar 28, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Nirman Agri Genetics 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 | |||
Pranav Kailas Bagal is the Promoter of the company.
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 65.59% |
The Nirman Agri Genetics 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)
| 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 | |||||
| KPI | Values |
|---|---|
| P/E (x) | 14.93 |
| Market Cap (₹ Cr.) | 59.01 |
[Dilip Davda] NAGL is in the business of hybrid seeds manufacturing and marketing along with related bio-organic products. Based on its FY23 super earnings, the issue appears fully priced. Dilution of over 34% equity raise concern. Well-informed investors may consider an investment with a long-term perspective. Read detail review...
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
Nirman Agri Genetics Limited
Vedant Apartment, Near Reliance Shopee,
Dindori Road, Panchavati,
Nashik – 422 003
Phone: +91 253 2943101
Email: cs@nirmanagrigen.com
Website: http://www.nirmanagrigen.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Nirman Agri Genetics IPO is a SME IPO of 2,050,800 equity shares of the face value of ₹10 aggregating up to ₹20.30 Crores. The issue is priced at ₹99 per share. The minimum order quantity is 1200 Shares.
The IPO opens on Mar 15, 2023, and closes on Mar 20, 2023.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Nirman Agri Genetics IPO using UPI as a payment gateway. Zerodha customers can apply in Nirman Agri Genetics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nirman Agri Genetics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nirman Agri Genetics IPO opens on Mar 15, 2023 and closes on Mar 20, 2023.
Nirman Agri Genetics IPO lot size is 1200 Shares and the minimum order quantity is .
You can apply in Nirman Agri Genetics IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Nirman Agri Genetics IPO will be done on Mar 23, 2023, and the allotted shares will be credited to your demat account by Mar 27, 2023. Check the Nirman Agri Genetics IPO allotment status.
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