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Nirman Agri Genetics Limited IPO (Nirman Agri Genetics IPO) Detail

March 15, 2023 - March 20, 2023

Nirman Agri Genetics IPO is a fixed price issue of Rs 20.30 crores. The issue is entirely a fresh issue of 20.51 lakh shares.

Nirman Agri Genetics IPO bidding started from March 15, 2023 and ended on March 20, 2023. The allotment for Nirman Agri Genetics IPO was finalized on Thursday, March 23, 2023. The shares got listed on NSE SME on March 28, 2023.

Nirman Agri Genetics IPO price is ₹99 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹118,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹237,600.

First Overseas Capital Limited is the book running lead manager of the Nirman Agri Genetics IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Nirman Agri Genetics IPO is Nnm Securities.

Refer to Nirman Agri Genetics IPO RHP for detailed information.

Nirman Agri Genetics IPO Details

IPO Date March 15, 2023 to March 20, 2023
Listing Date March 28, 2023
Face Value ₹10 per share
Price ₹99 per share
Lot Size 1200 Shares
Total Issue Size2,050,800 shares
(aggregating up to ₹20.30 Cr)
Fresh Issue2,050,800 shares
(aggregating up to ₹20.30 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion104,400 shares
Nnm Securities

Nirman Agri Genetics IPO Reservation

Nirman Agri Genetics IPO offers 2,050,800 shares. 973,200 (47.45%) to NII, 973,200 (47.45%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered104,400 (5.09%)
Other Shares Offered973,200 (47.45%)
Retail Shares Offered973,200 (47.45%)
Total Shares Offered2,050,800 (100%)

Nirman Agri Genetics IPO Timeline (Tentative Schedule)

Nirman Agri Genetics IPO opens on March 15, 2023, and closes on March 20, 2023.

IPO Open Date Wednesday, March 15, 2023
IPO Close Date Monday, March 20, 2023
Basis of Allotment Thursday, March 23, 2023
Initiation of Refunds Friday, March 24, 2023
Credit of Shares to Demat Monday, March 27, 2023
Listing Date Tuesday, March 28, 2023
Cut-off time for UPI mandate confirmation 5 PM on March 20, 2023

Nirman Agri Genetics IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

Nirman Agri Genetics IPO Promoter Holding

Pranav Kailas Bagal is the Promoter of the company.

Share Holding Pre Issue 99.99%
Share Holding Post Issue 65.59%

About Nirman Agri Genetics Limited

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 Financials

Nirman Agri Genetics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-21164.06382.215.476.4799.19
31-Mar-22595.871,348.91256.02264.41124.67
31-Oct-22915.701,804.28230.44447.51171.41
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Nirman Agri Genetics IPO is Rs 59.01 Cr.

Pre IPO Post IPO
P/E (x) 14.93

Objects of the Issue (Nirman Agri Genetics IPO Objectives)

The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:

  1. Funding additional Working capital requirements
  2. Investment in Strategic Acquisition / Joint Venture
  3. Purchase of Computer and other hardware
  4. General Corporate Purposes

Nirman Agri Genetics IPO Review (May apply)

[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...


Nirman Agri Genetics IPO Subscription Status (Bidding Detail)

The Nirman Agri Genetics IPO is subscribed 1.71 times on March 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)

CategorySubscription (times)
Other1.22
Retail2.20
Total1.71

Total Application : 1,787 (2.20 times)

Nirman Agri Genetics IPO Prospectus

Nirman Agri Genetics IPO Rating

34
4.2
Rating:Rated 4.2 stars
Vote Here ...

Nirman Agri Genetics IPO Listing Details

Listing Date March 28, 2023
BSE Script Code
NSE Symbol NIRMAN
ISIN INE0OK701014
Final Issue Price ₹99 per share

Pre-Open Session - NSE

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…

Nirman Agri Genetics Limited Contact Details

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/

Nirman Agri Genetics IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Nirman Agri Genetics IPO - Buy or Not

Nirman Agri Genetics IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 1 0 0

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Nirman Agri Genetics IPO FAQs

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 March 15, 2023, and closes on March 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Nirman Agri Genetics IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Nirman Agri Genetics IPO opens on March 15, 2023 and closes on March 20, 2023.

Nirman Agri Genetics IPO lot size is 1200 Shares, and the minimum amount required is ₹118,800.

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 Thursday, March 23, 2023, and the allotted shares will be credited to your demat account by Monday, March 27, 2023. Check the Nirman Agri Genetics IPO allotment status.

The Nirman Agri Genetics IPO listing date is on March 28, 2023.
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Nirman Agri Genetics IPO Message Board

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237 Comments

106. Kathiyawadi |   Link |  Bookmark |April 25, 2023 4:16:13 PM
Hello dosto, me nirman agri ko kaha tak hold karu. Mene 52.80 me liya he.sujav dijyega.

Dhanyavad
106.1. SJogi |   Link |  Bookmark |April 25, 2023 7:47:51 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
If their next results are good with growing revenue.
Then you should hold it atleast for 2-3 years.
Let the results come, will surely update you about this stock.
But sector is very good , agar inke products me sahime dum hoga toh yeh bhi USA seeds jaisa bhag sakta hai future me.
105. SJogi |   Link |  Bookmark |April 21, 2023 7:21:10 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
nirman Agri Genetics is in a business that will grow multifold in future due to some reasons like overpopulation, soil fertility issue, rain uncertainty.
buy some lots and keep it for long term.
104. SJogi |   Link |  Bookmark |April 21, 2023 1:05:57 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
It may soon cross its ipo price,
Hold till results.
Sector is growing and company will be benefitted from it.
103. SJogi |   Link |  Bookmark |April 19, 2023 7:38:27 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
After seeing the bulk deals today,
It looks like operators got trapped today due to huge buying demand.
Before today they were making huge profit from falling share.

Now they wont do their bad game play in this stock.
Nirman will rise now.
It will soon cross ipo price.
102. Happpy Singh |   Link |  Bookmark |April 19, 2023 6:49:57 PM
Anyone squeezed short today?
101. SJogi |   Link |  Bookmark |April 19, 2023 10:17:17 AM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
strong UC with 3.2 lakhs share at buying side,
looks like promoter has managed to stop downfall of this share.

i hope it crosses its IPO price soon.
convinced one of my uncle to buy 15 lots today(avg price-54.6).
100. SJogi |   Link |  Bookmark |April 19, 2023 8:53:01 AM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
Dont sell in panic
They are making money out from our fear.
They put heavy selling orders to panic us.
Just hold it for a while and let the share get stabilized.
100.1. Happpy Singh |   Link |  Bookmark |April 19, 2023 10:09:22 AM
Bhai, whiplash pattern hai. Maja aa gaya screen dekhkar. Better than any drama.
99. IPO. IPO👍 |   Link |  Bookmark |April 18, 2023 11:04:21 PM
@All friends,
Nirman agri genetics - issue size 20,50,800.
Listing on 28-03-2023.
12 trading days are completed.
Last 8 days trading volumes are nearly 35,00,000 shares approximately.
First 4 days trading volumes are nearly 20,00,000 shares approximately.
Totally 55,00,000 shares.
Ipo price Rs. 99.
High value 107.
Low value 52.
Fake orders are displayed.
Every day share price going down.
Already 50% down.
Unfortunately 1 to 2 weeks going down , it will be reaching Rs. 20.
All friends please be careful.
Buy or sell take your own decision.
My personal opinion, this share will be compare to pace e-commerce.
Ipo price Rs. 120
Current price Rs. 22.
So please careful.
Don't loss your hard earned money.
Experts please share your views.
Thank you🙏.
99.1. Kenil Thathagar |   Link |  Bookmark |April 18, 2023 11:24:16 PM
First two businesses are diff.
And before commenting check valuation ratio.
P/b for pace at ipo price was 3.33.
P/e for pace at ipo price was 600.
See their product website traffic and amazon where they are selling no buyers or product review by customers.

P/b for nirman at ipo price was 2.57.
P/e for nirman at ipo price was 14.75.

Here they are not in business of b2b n they have real business.

Nirman's promoter have face in public.
In pace i tried to contact promoter i did not get any reply.

Nirman gave me of reply and personally speak to promoter.

You can not compare 100 vs 100.
99.2. Suman Mishra |   Link |  Bookmark |April 19, 2023 11:41:49 AM
@ipo.ipo Please compare apple to apple. I may agree with the fall pattern but not with the business line of activity and demographics of the company where nirman is far ahead and well established with satisfactory financials.
98. Yoga |   Link |  Bookmark |April 18, 2023 2:33:33 PM
Kindly don't put sell orders it is purely game from operator to cheat retail investors.
98.8. NaveenK |   Link |  Bookmark |April 18, 2023 11:02:51 PM
@Zindgi
Investor presentation you can find it in screener app
98.9. Sanchit Jain |   Link |  Bookmark |April 19, 2023 2:09:47 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
@Kenil Thathagar  bro, really appreciate your research. Please share your write and documents that you are filing with SCORES, will try to tweet/ retweet, submit to SCORES for ban on these manipulators.
97. Pawan Leo |   Link |  Bookmark |April 18, 2023 3:42:05 PM
Shri Ram ka naam lekar ek lot 52.15 pe buy kar liya 😊
96. IPO. IPO👍 |   Link |  Bookmark |April 18, 2023 10:43:29 AM
@ All friends,
Many fake orders (buy) was displayed
(52.50 to 61.30)Please be careful.
96.4. Happpy Singh |   Link |  Bookmark |April 18, 2023 12:18:56 PM
@IPO. IPO👍  You may be partly true, but orders were real. They are being placed to create panic. True deliverable quantity is 38% right now. So they are both selling and buying. Let's hope it all stops soon. Otherwise, I have written off (in my mind) my holding of this script.
96.5. IPO. IPO👍 |   Link |  Bookmark |April 18, 2023 12:45:15 PM
@ Happy singh,
Thank you sir.
95. Happpy Singh |   Link |  Bookmark |April 18, 2023 10:27:06 AM
Lagta hai Nirman ne operators ko grey mai kuch nahi diya. Ab woh iska band baja rahe hain. Nirman update, certificate and presentation de de kar thak chuka hai. (Disclaimer- My assumption only and it may not be true or opposite may be true; I have no insider information). Also, (Disclaimer: I am invested in this script and probably, will wait for result).
94. Pawan Leo |   Link |  Bookmark |April 17, 2023 9:37:55 AM
Ye girawat kab rukegi bhai ??
94.1. m patel |   Link |  Bookmark |April 17, 2023 10:09:33 PM
bhai, lagta hai ₹45 ke aas-paas.
93. SJogi |   Link |  Bookmark |April 17, 2023 7:37:07 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
Will add 3 more lots tomorrow.
Company is good and available at very cheap valuation.
93.1. SJogi |   Link |  Bookmark |April 18, 2023 9:43:14 AM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
reversal will be confirmed if it hits UC today.
will be holding till results.
92. IPO. IPO👍 |   Link |  Bookmark |April 16, 2023 5:26:01 PM
@ All Experts, tomorrow is 11th day.
Buying or not?
Please share your views.
Thanks in advance.
91. Kenil Thathagar |   Link |  Bookmark |April 13, 2023 11:38:09 AM
Company just uploaded Investor Presentation.
It seems company have bright future.
They are entering into JV for Pesticide and Fertilizer, Production will start from mid Q1.
Expanding in Newer Geography and opening own stores.
91.1. SJogi |   Link |  Bookmark |April 13, 2023 3:46:49 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
I'm not worried about the fall and will continue to average my price on every fall.
It will surely go above its ipo price and the financials are good and sector is in demand.
You just need to keep patience for 1-2 week.
91.2. Sanchit Jain |   Link |  Bookmark |April 13, 2023 6:54:03 PM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
The age of promoter and MD of this company is 22 years and he has 6 years prior experience in all areas of business, wow..
The financials, data etc, again is reproduction of RHP, nothing new.
But this investor presentation might be the reason for the stock to rally in coming days, do watch out.
90. Yoga |   Link |  Bookmark |April 13, 2023 10:13:02 AM
ANKIT MAHENDRABHAI PARLESHA,ANKIT MAHENDRABHAI PARLESHA,NNM SECURITIES PVT LTD,MEGHKUMAR MAHENDRAKUMAR SHAH are playing with this shares and bringing down share price to accumulate.Be careful ...don't place sell orders.
90.4. SJogi |   Link |  Bookmark |April 17, 2023 9:57:37 AM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
itni achi company ka inlogone milke band baja dala.
i also observed that they put hidden selling orders.
will stay away from stock in which these guys invest from next time.
90.5. Yoga |   Link |  Bookmark |April 17, 2023 12:47:18 PM
I brought down the share price more than enough...what else still they need.
89. Mittal p |   Link |  Bookmark |April 13, 2023 5:55:42 PM
Dear sjogi 1or 2 week mein to 40 k neeche aajayega
88. Gem picker |   Link |  Bookmark |April 13, 2023 9:35:36 AM
Bought 1 lot at 65
87. Pawan Leo |   Link |  Bookmark |April 12, 2023 3:44:26 PM
Off topic question
I am planning to buy only 1 lot of any one good SME stock and I have shortlisted following companies:- 1) Nirman Agri 2) Shera Energy 3) Srivasavi Adhesive Tape 4) ITCONS e solutions and 5) Vivo Collabarations.
Experts please suggest which SME stock among above could be a better bet for long term in present scenario. Your views and suggesstions will be highly appreciated !!