Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Nirman Agri Genetics IPO is a fixed price issue of ₹20.30 crores. The issue is entirely a fresh issue of 0.21 crore shares of ₹20.30 crore.
Nirman Agri Genetics IPO bidding started from Mar 15, 2023 and ended on Mar 20, 2023. The allotment for Nirman Agri Genetics IPO was finalized on Mar 23, 2023. The shares got listed on NSE SME on Mar 28, 2023.
Nirman Agri Genetics IPO price is ₹99.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,18,800 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,37,600.
First Overseas Capital Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to Nirman Agri Genetics IPO RHP for detailed Information.
| IPO Date | March 15, 2023 to March 20, 2023 |
| Listing Date | March 28, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹99 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 20,50,800 shares (aggregating up to ₹20.30 Cr) |
| Reserved for Market Maker | 1,04,400 shares NNM Securities Pvt.Ltd. (aggregating up to ₹1.03 Cr) |
| Net Offered to Public | 19,46,400 shares (aggregating up to ₹19.27 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 39,10,000 shares |
| Share Holding Post Issue | 59,60,800 shares |
Nirman Agri Genetics IPO offers total 20,50,800 shares. Out of which 9,73,200 (47.45%) allocated to NII, 9,73,200 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,04,400 (5.09%) |
| NII (HNI) Shares Offered | 9,73,200 (47.45%) |
| Retail Shares Offered | 9,73,200 (47.45%) |
| Total Shares Offered | 20,50,800 (100.00%) |
Nirman Agri Genetics IPO opens on March 15, 2023, and closes on March 20, 2023.
| IPO Open Date | Wed, Mar 15, 2023 |
| IPO Close Date | Mon, Mar 20, 2023 |
| Tentative Allotment | Thu, Mar 23, 2023 |
| Initiation of Refunds | Fri, Mar 24, 2023 |
| Credit of Shares to Demat | Mon, Mar 27, 2023 |
| Tentative Listing Date | Tue, Mar 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Mar 20, 2023 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,18,800 |
| Retail (Max) | 1 | 1,200 | ₹1,18,800 |
| HNI (Min) | 2 | 2,400 | ₹2,37,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2020, 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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-21 | 164.06 | 382.21 | 5.47 | 6.47 | 99.19 |
| 31-Mar-22 | 595.87 | 1,348.91 | 256.02 | 264.41 | 124.67 |
| 31-Oct-22 | 915.70 | 1,804.28 | 230.44 | 447.51 | 171.41 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Nirman Agri Genetics IPO is ₹59.01 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 14.93 |
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
[Dilip Davda] NAGL is in the business of hybrid seeds manufacturing and marketing along with related bio-organic products. Based on its FY23 super earnings, the issue appears fully priced. Dilution of over 34% equity raise concern. Well-informed investors may consider an investment with a long-term perspective. Read detail review...
| Listing Date | March 28, 2023 |
| BSE Script Code | |
| NSE Symbol | NIRMAN |
| ISIN | INE0OK701014 |
| Final Issue Price | ₹99 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹99.00 |
| Open | ₹102.00 |
| Low | ₹96.90 |
| High | ₹107.10 |
| Last Trade | ₹101.30 |
Nirman Agri Genetics Ltd.
Vedant Apartment, Near Reliance Shopee,
Dindori Road,
Panchavati,
Nashik, Maharashtra, 422003
Phone: +91 253 2943101
Email: cs@nirmanagrigen.com
Website: http://www.nirmanagrigen.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Nirman Agri Genetics IPO is a SME IPO of 20,50,800 equity shares of the face value of ₹10 aggregating up to ₹20.30 Crores. The issue is priced at ₹99 per share. The minimum order quantity is 1200.
The IPO opens on March 15, 2023, and closes on March 20, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Nirman Agri Genetics IPO using UPI as a payment gateway. Zerodha customers can apply in Nirman Agri Genetics IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Nirman Agri Genetics IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Nirman Agri Genetics IPO opens on March 15, 2023 and closes on March 20, 2023.
Nirman Agri Genetics IPO lot size is 1200, and the minimum amount required for application is ₹1,18,800.
You can apply in Nirman Agri Genetics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Nirman Agri Genetics IPO will be done on Thursday, March 23, 2023, and the allotted shares will be credited to your demat account by Monday, March 27, 2023. Check the Nirman Agri Genetics IPO allotment status.
The Nirman Agri Genetics IPO listing date is on Tuesday, March 28, 2023.
Useful Articles
RHP