Nirman Agri Genetics IPO will open for subscription from 15 March 2023. the company aims for an issue size of ₹20.30 Cr through this IPO.
About Company
Incorporated in 2020, Nirman Agri Genetics is an organized Agri-Input company engaged in the production, processing, and marketing of high-quality hybrid seeds, pesticides, and bio-organic products for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc., and has recently forayed into micronutrients and bioproducts. It also produces non-hybrid seeds, primarily for paddy. The company has production, outsourced processing, and R&D facilities in Maharashtra at Nashik and Nimgul and in Gujarat as well as Madhya Pradesh.
In 2022, the company began to market bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures & plant growth regulators under the name of ‘Nirman Agri Genetics’. Seeds, bio-fertilizers, micronutrients, etc. are related products having the same end user i.e. the farmer and are usually sold through similar dealer networks. With a view to achieving the benefit of synergy in marketing the aforesaid products, it has recently added them to its products portfolio. Nirman Agri Genetics’ focus is to become a leading crop solutions provider to the farmer by supplying high-yielding hybrid seeds and crop management through micronutrients, bioproducts, etc
Basic details about the company
| Full name | Nirman Agri Genetics Limited |
| Sector | Agriculture |
| Industry | Agriculture |
| Company Website | http://www.nirmanagrigen.com/ |
The objective of the Issue
- Funding additional Working capital requirements
- Investment in Strategic Acquisition / Joint Venture
- Purchase of Computer and other hardware
- General Corporate Purposes
IPO Timetable
| IPO Opening date | 15 March 2023 |
| IPO Closing | 20 March 2023 |
| Basis of Allotment | 23 March 2023 |
| Initiation Refund | 24 March 2023 |
| Credit to Demat Account | 27 March 2023 |
| Listing Date | 28 March 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹20.30 Cr – 2,050,800 shares |
| Fresh Issue | ₹20.30 Cr – 2,050,800 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹99 per share |
| Lot size | 1200 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹118,800 |
| Retail (Max) | 1 | 1200 | ₹118,800 |
| HNI (Min) | 2 | 2,400 | ₹237,600 |
Reservation Details
| QIB Shares Offered | Nil |
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2021 | FY 2022 | 7M FY 2023 | |
| Revenue | 3.82 | 13.49 | 18.04 |
| Expenses | 3.75 | 10.06 | 14.91 |
| Net income | 0.05 | 2.56 | 2.30 |
Valuations & Margins
| FY 2021 | FY 2022 | |
| EPS | 0.21 | 10.00 |
| PE ratio | – | 9.90 |
| RONW (%) | 84.54 | 96.83 |
| NAV | – | 10.33 |
| ROCE (%) | 5.19 | 65.83 |
| EBITDA (%) | 1.94 | 25.39 |
| Debt/Equity | 3.98 | 0.12 |
Company Promoters
- Pranav Kailas Bagal
Promoter Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding | 65.59% |
Lead Manager(s)
- First Overseas Capital Limited
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
NIRMAN AGRI GENETICS LIMITED
Vedant Apartment, Near Reliance Shopee,
Dindori Road, Panchavati, Nashik – 422 003 Maharashtra
Phone: +91 253 2943101
E-mail: cs@nirmanagrigen.com
Website: www.nirmanagrigen.com
Allotment Status
Nirman Agri IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Final thoughts
Nirman Agri Genetics IPO is going to hit Dalal street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
