₹48.97 Crores | Listing at NSE | Mon, Aug 5, 2024 - Fri, Aug 23, 2024
Nirman Agri Genetics Limited Rights Issue comprises 0.2049 Cr equity shares aggregating to ₹48.97 Cr, offered at an issue price of ₹239 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jul 29, 2024, with the Rights Issue being offered in the entitlement ratio of 11 : 32.
The term of payment is defined as following : The entire amount of the Issue Price of ₹ 239/- per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 30, 2024.
The Rights Issue opens on Aug 5, 2024, and closes on Aug 23, 2024, with renunciation of Rights Entitlements permitted up to Aug 19, 2024.
The deemed date of allotment is Aug 30, 2024, following which the equity shares are expected to be credited to demat accounts on Sep 6, 2024 and listed at the NSE on Sep 4, 2024.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Nirman Agri Genetics Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Mon, Jul 29, 2024
Entitlement Ratio
11 : 32
Open Date
Mon, Aug 5, 2024
Close Date
Fri, Aug 23, 2024
The entire amount of the Issue Price of ₹ 239/- per Rights Equity Share shall be payable at the time of Application.
Nirman Agri Genetics Limited's revenue increased by 121.4% and profit after tax (PAT) rose by 159.76% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 44.22 | 29.85 |
| Revenue | 63.34 | 28.61 |
| Profit After Tax | 10.40 | 4.01 |
| Reserves and Surplus | 31.38 | 20.99 |
| Amount in ₹ Crore | ||
Incorporated in August 2020, Nirman Agri Genetics Limited is an Indian company that deals with agricultural products. They produce, process, and market high-quality hybrid seeds, pesticides, and bio-organic products for various crops such as corn, sunflower, cotton, paddy, grain sorghum, etc. Recently, they have also started offering micronutrients and bioproducts.
The company has production, processing, and research facilities in Maharashtra, specifically in Nashik and Nimgul, as well as in Gujarat and Madhya Pradesh.
The product portfolio of the company includes Sunflower Seed, Corn Seed, Cotton Seed, Okra Seed, Tomato, Bajra Seed, Paddy Seed, Grain Sorghum seed, Watermelon seed, Mustard seed and castor seeds.
The company has a network of dealers and distributors in Maharashtra, Madhya Pradesh, and Gujarat.
Presently the company serves Maharashtra, Madhya Pradesh, and Gujarat.
The company intends to use the net proceeds from the issue towards the following objectives:
[Dilip Davda] While the company is in highly fancied hybrid seeds and other agri related products and has posted bumper performance for FY24. Based on its last traded price and the earnings, the issue appears lucratively priced. Investors may park moderate funds for medium to long term. Read detail review...
Nirman Agri Genetics Rights Issue 2024 got oversubscribed by 1.36 times by the end of the bidding period with total bid quantity received by NSE of 27,94,596 shares. Check Day by Day Subscription Details (Live Status)
| Date | NSE Bid Quantity | Subscription Times |
|---|---|---|
Aug 23 2024 17:00:56 | 27,94,596 | 1.36x |
Nirman Agri Genetics Limited
Vedant Apartment, Near Reliance Shopee,
Dindori Road
Panchavati, Nashik-422003
Nashik, Maharashtra, 422003
The Nirman Agri Genetics Rights Issue 2024 opens on Mon, Aug 5, 2024, and closes on Fri, Aug 23, 2024.
Nirman Agri Genetics Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Mon, Aug 19, 2024 |
| Last Date for renunciation of Rights Entitlements | Mon, Aug 19, 2024 |
| Issue Opening Date | Mon, Aug 5, 2024 |
| Issue Closing Date | Fri, Aug 23, 2024 |
| Date of Allotment (on or about) | Fri, Aug 30, 2024 |
| Date of Credit (on or about) | Fri, Sep 6, 2024 |
| Date of Listing (on or about) | Wed, Sep 4, 2024 |
You can apply for Nirman Agri Genetics Rights Issue 2024 in two ways:
Steps to apply for Nirman Agri Genetics Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Nirman Agri Genetics Rights Issue 2024 using Registrar's website (R-WAP)
