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

Mar 15, 2023 - Mar 20, 2023

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.

Nirman Agri Genetics IPO Details

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 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

Nirman Agri Genetics IPO Reservation

Other Shares Offered973,200 (50.00%)
Retail Shares Offered973,200 (50.00%)
Market Maker portion104,400 shares (NNM SECURITIES PVT. LTD.)
Total Shares Offered1,946,400

Nirman Agri Genetics IPO Tentative Timetable

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

Nirman Agri Genetics IPO Lot Size

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

Nirman Agri Genetics IPO Promoter Holding

Pranav Kailas Bagal is the Promoter of the company.

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

Nirman Agri Genetics IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Total Application : 1,787 (2.20 times)

Company Financials

Nirman Agri Genetics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
Amount in ₹ Lakhs

Nirman Agri Genetics IPO Key Performance Indicator

KPI Values
P/E (x)14.93
Market Cap (₹ Cr.)59.01

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...

Objects of the Issue

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 Prospectus

Nirman Agri Genetics IPO Rating

Rating:Rated 4.2 stars
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Company Contact Information

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://www.bigshareonline.com/

Nirman Agri Genetics IPO Analysis

Nirman Agri Genetics IPO Recommendation Summary

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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 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

  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 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.

The Nirman Agri Genetics IPO listing date is not yet announced. The tentative date of Nirman Agri Genetics IPO listing is Mar 28, 2023.
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