Listing Details
- Listing Exchange NSE SME
- Listing Date 28-Mar-23
- IPO Price Range ₹ 99
- Listing Price ₹ 102
- Listing Change 3.0%
- Last Traded Price ₹ 223.15
- Current Change 125.4%
Nirman Agri Genetics IPO Details
- Open Date 15-Mar-23
- Close Date 20-Mar-23
- Lot Size 1200
- IPO Size ₹ 20.30 Cr
- IPO Price Range ₹ 99
- Min Investment ₹ 118800
- Listing Exchange NSE SME
- Basis of Allotment 23-Mar-23
- Refunds 24-Mar-23
- Credit to Demat Account 27-Mar-23
- Listing Date 28-Mar-23
Nirman Agri Genetics IPO Subscription Status
| Date | QIB | Other | Retail | TOTAL |
|---|---|---|---|---|
| 15-Mar-23 | - | 0.62x | 0.49x | 0.55x |
| 16-Mar-23 | - | 0.74x | 0.99x | 0.86x |
| 17-Mar-23 | - | 0.74x | 1.30x | 1.02x |
| 20-Mar-23 | - | 1.22x | 2.20x | 1.71x |
Nirman Agri Genetics IPO Synopsis
Nirman Agri Genetics IPO opens on 15th March, and closes on 20th March. The issue entails a fresh issuance of 2,050,800 equity shares aggregating the issue size upto Rs. 20.30 cr. For the issue, the company has set the lot size upto 1200 shares per lot while the price is fixed at Rs. 99 per share. The issue will be listed on NSE SME on 28th March while the shares will be allotted on 23rd March. First Overseas Capital Ltd. is acting as the lead manager to the issue.
Objective of the Nirman Agri Genetics IPO
The net proceeds from the issue will be utilised for:
• Funding additional Working capital requirements
• Investment in Strategic Acquisition / Joint Venture
• Purchase of Computer and other hardware
• General Corporate Purposes
About Nirman Agri Genetics
Nirman Agri Genetics is one of the organized Agri-Input Company in India engaged in the business of production, processing and marketing of high-quality hybrid seeds, Pesticides, Bio-organic for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc., produces non-hybrid seeds, primarily for paddy and have recently forayed into micronutrients and bioproducts.
It has currently production, outsourced processing and R&D facilities in Maharashtra at Nashik and Nimgul and in Gujarat as well as Madhya Pradesh where the research mainly focuses on developing superior hybrids in different crops like corn, cotton, sunflower, paddy, bajra, etc.
Company’s 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. The product portfolio helps the firm to address the needs of the farmers like plant protection and nourishment.
Nirman Agri Genetics Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 |
|---|---|---|
| Revenue from operations | 18.4 | 7.8 |
| EBITDA | 3.4 | 0.1 |
| PAT | 2.6 | 0.1 |
| Particulars (in Rs. Crores) | FY22 | FY21 |
|---|---|---|
| Total Assets | 6.0 | 1.6 |
| Share Capital | 0.0 | 0.00 |
| Total Borrowings | 1.2 | 1.0 |
| Particulars (in Rs. Crores) | FY22 | FY21 |
|---|---|---|
| Net cash generated from / (used in) operating activities | 0.0 | 0.0 |
| Net cash from / (used in) investing activities | -0.7 | 0.0 |
| Net cash flow from / (used in) financing activities | 1.0 | 0.7 |
| Net increase (decrease) in cash and cash equivalents | 0.3 | 0.7 |
Peer Comparison
| Name of the Company |
Total Revenue (in Rs. crores) |
Basic EPS | PAT | Net Debt | ROE (%) |
|---|---|---|---|---|---|
| Nirman Agri Genetics | 13.49 | 10 | 2.56 | 0.31 | 96.83% |
| Shreeoswal Seeds and Chemicals Limited | 1.05 | 2.7 | 0.04 | 0.24 | 11.73% |
| Upsurge Seeds of Agriculture Limited | 0.76 | 9.79 | 0.04 | 0.15 | 35.39% |
| Bombay Super Hybrid Seeds Limited | 1.94 | 10.06 | 0.11 | 0.39 | 26.59% |
Nirman Agri Genetics IPO Key Points
-
Strengths
• Varieties of hybrid seeds for corn, sunflower, cotton, paddy etc., gives an edge in the market and ability and infrastructure to further develop different hybrids in these crops
• For the last few years, the firm has been serving the Indian farmers for last few years and have been consistently improving the turnover, as well as presence and profitability
• It has a marketing network with loyal and committed distributors / dealers in Maharashtra Madhya Pradesh & Gujarat
• R&D infrastructure includes 9 acres farmland with 2 borewells given free of cost for a period of 5 years from November 01, 2022 by the Promoters and Promoter Group at Nimgul
-
Risks
• Business is subject to risks related to weather, disease and pests
• The firm has not entered into long-term contracts with its major customers and typically operate on the basis of purchase orders
• Introduction of alternative products caused by changes in technology or consumer needs may affect demand for its existing product
• Inability to maintain an optimal level of working capital required for its capital-intensive business
• Increased competition may result in decreased demand or lower prices for its products
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
Open Demat Account in 5 minutes
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Nirman Agri Genetics IPO FAQs
What is the price band of the Nirman Agri Genetics IPO?
The price for the Nirman Agri Genetics IPO is set at Rs. 9 per share.
When does the Nirman Agri Genetics IPO issue open and close?
The Nirman Agri Genetics IPO opens on 15th March and closes on 20th March.
What is the size of Nirman Agri Genetics IPO issue?
The IPO comprises of fresh issue of Nirman Agri Genetics IPO 2.050,800 equity shares which aggregates the issue size to Rs. 20.30 cr.
What is the allotment date of Nirman Agri Genetics IPO?
The allotment date of Nirman Agri Genetics IPO is set for 23rd March
What is the Nirman Agri Genetics IPO’s listing date?
The Nirman Agri Genetics IPO will be listed on 28th March .
What is the lot size and investment required for the Nirman Agri Genetics IPO?
The Nirman Agri Genetics IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹118,800).
What is the objective of the Nirman Agri Genetics?
The net proceeds from the Nirman Agri Genetics will be used for:
• Funding additional Working capital requirements
• Investment in Strategic Acquisition / Joint Venture
• Purchase of Computer and other hardware
• General Corporate Purposes
How to apply for the Nirman Agri Genetics IPO?
To apply for the IPO, follow the steps given below
1. Login to your 5paisa account and select the issue in the current IPO section
2. Enter the number of lots and price at which you wish to apply for
3. Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
4. You will receive a mandate notification to block funds in your UPI app
Who are the promoters/key personnels of Nirman Agri Genetics IPO?
Nirman Agri Genetics IPO is promoted by Pranav Kailas Bagal.
Who are the book runners for Nirman Agri Genetics IPO?
First Overseas Capital Limited is the book running lead managers to the issue.
Contact Details of Nirman Agri Genetics IPO
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Nirman Agri Genetics IPO Lead Manager
First Overseas Capital Limited