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 Opening Date | 15 March 2023 |
| IPO Closing Date | 20 March 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 20,50,800 Shares Worth ₹20.30 Crore Fresh Issue: 20,50,800 Shares Worth ₹20.30 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹99 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Nirman Agri Genetics IPO – Date Schedule
| IPO Open Date | 15 March 2023 |
| IPO Close Date | 20 March 2023 |
| Basis of Allotment | 23 March 2023 |
| Initiation of Refunds | 24 March 2023 |
| Credit of Shares to Demat Account | 27 March 2023 |
| IPO Listing Date | 28 March 2023 |
Nirman Agri Genetics IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 1200 | 1,18,800 |
| Maximum | 1 | 1200 | 1,18,800 |
Competitive Strengths
- Hybrid Seeds for wide range of Crops.
- Founder-led experienced management team.
- Research & Development capabilities.
- Marketing and Distribution of synergistic products.
Company Promoters
- Pranav Kailas Bagal
Object Of The Issue
- Funding additional working capital requirements.
- Investment in Strategic Acquisition / Joint Venture.
- Purchase of Computer and other hardware.
- General Corporate Purposes.
- Offer Expenses.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2021 | 3.82 | 3.74 | 0.05 |
| 31 March 2022 | 13.48 | 10.06 | 2.56 |
| 30 September 2022 | 18.04 | 14.91 | 2.30 |
Nirman Agri Genetics IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 65.59% |
Nirman Agri Genetics IPO Prospectus
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 Lead Manager(s)
| 1. First Overseas Capital Limited |
Nirman Agri Genetics IPO FAQs
| What is Nirman Agri Genetics IPO? Nirman Agri Genetics IPO is a SME IPO. The issue is priced at ₹99 per equity share. The IPO is to be listed on NSE SME. |
| When Nirman Agri Genetics IPO will open? The IPO is to open on 15 March 2023 for NII and Retail Investors. |
| What is Nirman Agri Genetics IPO Investors Portion? The investors portion for NII-50%, and Retail-50%. |
| How to Nirman Agri Genetics IPO? You can apply Nirman Agri Genetics IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Nirman Agri Genetics IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Nirman Agri Genetics”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Nirman Agri Genetics IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Nirman Agri Genetics”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Nirman Agri Genetics IPO Size? Nirman Agri Genetics IPO size is ₹20.30 crores. |
| What is Nirman Agri Genetics IPO Price Band? Nirman Agri Genetics IPO Price Band is ₹99. |
| What is Nirman Agri Genetics IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,18,800 amount while the maximum bid is 1200 shares with ₹1,18,800. |
| What is the Nirman Agri Genetics IPO Allotment Date? Nirman Agri Genetics IPO allotment date is 23 March 2023. |
| What is the Nirman Agri Genetics IPO Listing Date? Nirman Agri Genetics IPO listing date is 28 March 2023. The IPO is to list on NSE SME. |
