Nirman Agri Genetics IPO Details ( Nirman Agri IPO Review )
(15 Mar 2023 – 20 Mar 2023)
Nirman Agri Genetics Limited is a well-structured Agri-Input Company established in India in 2020. The organization focuses on manufacturing, refining, and promoting premium hybrid seeds, Pesticides, and Bio-organic products for various crops such as corn, sunflower, cotton, paddy, grain sorghum, and more.
Nirman Agri Genetics Limited has extended its range of products by venturing into micronutrients and Bioproducts. Additionally, the company has started producing non-hybrid seeds, primarily for paddy.
Presently, Nirman Agri Genetics Limited has production, outsourced processing, and research and development (R&D) centers located in Nashik and Nimgul in Maharashtra, Gujarat, and Madhya Pradesh.
In 2022, Nirman Agri Genetics Limited commenced marketing bio-pesticides, micronutrients, bio-fertilizers, fertilizer mixtures, and plant growth regulators under the brand name “Nirman Agri Genetics“.
Nirman Agri Genetics Limited aspires to be a top-tier crop solutions provider for farmers by delivering high-yielding hybrid seeds and crop management solutions through micronutrients, by-products, and other related means.
Nirman Agri Genetics Limited Company Product:
- Sunflower
- Corn
- Cotton
- Bajra
- Okra
- Tomato
- Paddy
- Grain Sorghum
- Watermelon
- Mustard
- Castor
- Chilies
Nirman Agri Genetics IPO Competitive Strength
- Hybrid Seeds for wide range of Crops
- Founder-led experienced management team
- Established Brand
- Research & Development capabilities
- Marketing and Distribution of synergistic products
Nirman Agri Genetics IPO Financials Performance ( Results )
Nirman Agri Genetics Limited Financial Information ( Restated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Borrowing |
| 31-Mar-21 | 164.06 | 382.21 | 5.47 | 0.21 | 6.47 | – | 99.19 |
| 31-Mar-22 | 595.87 | 1,348.91 | 256.02 | 10.00 | 264.41 | 10.33 | 124.67 |
| 31-Oct-22 | 915.70 | 1,804.28 | 230.44 | 9.00 | 447.51 | 17.48 | 171.41 |
Objective of IPO Issue
- Funding additional Working capital requirements
- Investment in Strategic Acquisition / Joint Venture
- Purchase of Computer and other hardware
- General Corporate Purposes
Nirman Agri Genetics IPO Basic Details
| IPO Date | Mar 15, 2023 to Mar 20, 2023 |
| Listing Date | Tuesday, March 28, 2023 |
| Face Value | ₹10 per share |
| Price | ₹99 per share |
| Lot Size | 1200 Shares |
| Issue Size | 2,050,800 shares of ₹10 (aggregating up to ₹20.30 Cr) |
| Fresh Issue | 2,050,800 shares of ₹10 (aggregating up to ₹20.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| P/E (x) | 9.90x |
| Market Cap (₹ Cr.) | 63 |
| NII (HNI) Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| Company Promoters | Pranav Kailas Bagal |
Nirman Agri Genetics IPO Timetable
Nirman Agri Genetics IPO will open on Mar 15, 2023 and close on Mar 20, 2023. You can join Nirman Agri Genetics IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | 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 |
Nirman Agri Genetics IPO Lot Size
For retail investors in Nirman Agri Genetics IPO, 1200 shares will come in 1 lot or the minimum investment will be ₹118,800. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹118,800.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹118,800 |
| Retail (Max) | 1 | 1200 | ₹118,800 |
| S-HNI (Min) | 2 | 2400 | ₹237,600 |
Nirman Agri Genetics IPO Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 65.59% |
Nirman Agri Genetics IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹10 per Equity Share |
| Price/Earning P/E Ratio | 9.90 |
| Return on Net Worth (RoNW) | 96.83% |
| Net Asset Value (NAV) | ₹10.33 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | – |
Nirman Agri Genetics Ltd Peer Comparison
| Company Name | CPM | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) | P/BV Ratio |
| Nirman Agri Genetics Limited | 99.00 | 10 | 10.00 | 9.90 | 0.00% | 10.33 | – |
| Peer Group | |||||||
| Upsurge Seeds Limited | 381.45 | 10 | 9.79 | 38.96 | 35.42 | 21.70 | 15.1 |
| Bombay Super Hybrid Limited | 267.90 | 1 | 1.01 | 265.25 | 26.59 | 37.63 | 50.5 |
| Shreeoswal Seed Limited | 353.40 | 10 | 2.70 | 130.89 | 11.72 | 23.05 | 13.2 |
Nirman Agri Genetics IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 21 March 2023 | ₹-2 | – | – |
| 20 March 2023 | ₹-2 | – | – |
| 19 March 2023 | ₹-2 | – | – |
| 18 March 2023 | ₹1.5 | – | – |
| 17 March 2023 | ₹1.5 | – | – |
| 16 March 2023 | ₹2 | – | – |
| 15 March 2023 | ₹1 | – | – |
| 14 March 2023 | ₹-2 | – | – |
| 13 March 2023 | ₹0 | – | – |
| 12 March 2023 | ₹0 | – | – |
| 11 March 2023 | ₹0 | – | – |
| 10 March 2023 | ₹0 | – | – |
Nirman Agri Genetics IPO Detail Video:
Nirman Agri Genetics IPO Subscription Status (Bidding Detail)
The Nirman Agri Genetics IPO on Mar 21, 2023 at 7:30:00 PM was subscribed 1.71 times, with the retail category being subscribed 2.20 times, the NII (Non-Institutional Investor) category being subscribed 1.22 times.
| Category | Subscription |
| NII | 1.22x |
| Retail | 2.20x |
| Total | 1.71x |
Nirman Agri Genetics IPO Prospectus
Nirman Agri Genetics IPO Rating
| Our Rating | 1.0/5.0 |
Nirman Agri Genetics Compnay Contact Information
Nirman Agri Genetics Limited
Registered Office: Vedant Apartment, Near Reliance Shopee,
Dindori Road, Panchavati, Nashik – 422 003 Maharashtra, India
Tel No.: +91 253 2943101
Email: cs@nirmanagrigen.com
Website: www.nirmanagrigen.com
Contact Person: Kamlesh Yadav, Company Secretary and Compliance Officer.
PROMOTERS: Pranav Kailas Bagal
Nirman Agri Genetics IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Address: S6-2, 6th Floor, Pinnacle Business Park,
Mahakali Caves Road, Next to Ahura Centre,
Andheri East, Mumbai – 400 093, Maharashtra, India
Tel. No.: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
SEBI Registration No.: INR000001385
Contact Person: Babu Rapheal C.
Nirman Agri Genetics IPO Lead Manager
FIRST OVERSEAS CAPITAL LIMITED
Address: 1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India.
Tel No.: +91 22 4050 9999
Fax No: +91 22 4050 9900
Email: satish@focl.in / mala@focl.in
Investor Grievance Email: investorcomplaints@focl.in
Website: www.focl.in
SEBI Registration No: INM000003671
Contact Person: Satish Sheth / Mala Soneji
Nirman Agri Genetics IPO FAQs
What is the lot size of Nirman Agri Genetics IPO?
The total size of Nirman Agri Genetics IPO is ₹20.30 crores and this is a complete fresh Issue.
When will Nirman Agri Genetics IPO start?
Nirman Agri Genetics IPO will Open from 15 March 2023 and IPO will Close on 20 March 2023.
What is the open date of Nirman Agri Genetics IPO?
Nirman Agri Genetics IPO will start from 15 March 2023.
What is the last date ( close date ) of Nirman Agri Genetics IPO?
Nirman Agri Genetics IPO will close from 20 March 2023.
What is the price band of Nirman Agri Genetics IPO?
Nirman Agri Genetics IPO price band is ₹99.
What is the minimum amount required to apply for Nirman Agri Genetics IPO?
The minimum investment for retailers to apply for Nirman Agri Genetics IPO is ₹118,800 and the maximum investment is ₹118,800.
What is going on gray market premium of Nirman Agri Genetics IPO?
View gray market premium of Nirman Agri Genetics IPO by Clicking Here
How much is the GMP of Nirman Agri Genetics IPO?
Watch Nirman Agri Genetics IPO GMP Today: Click Here
What is the allotment date of Nirman Agri Genetics IPO?
The allotment date of Nirman Agri Genetics IPO is 23 March 2023.
How to check allotment status in Nirman Agri Genetics IPO?
To check the allotment status of Nirman Agri Genetics IPO, first of all go to the registrar website by clicking here, select your bad Nirman Agri Genetics IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Nirman Agri Genetics IPO?
The listing date of Nirman Agri Genetics IPO is 28 March 2023.
How much will be the listing gain in Nirman Agri Genetics IPO?
View listing gain of Nirman Agri Genetics IPO by Clicking Here
How much time Nirman Agri Genetics IPO is subscribed?
Total 1.71 times subscribed in Nirman Agri Genetics IPO out of which 2.20 times subscription was done in retail quota and 1.22 times subscription in NII quota.
How to apply for Nirman Agri Genetics IPO from Upstox?
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How to apply for Nirman Agri Genetics IPO from Angle One?
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