Fixed Price IPO | ₹20 Cr | Listed at NSE SME | Wed, Mar 15, 2023 - Mon, Mar 20, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Mar 15, 2023
IPO Close
Mon, Mar 20, 2023
Issue Price
₹99 per share
Market Cap (Pre-IPO)
₹59.01 Cr
| IPO Date | 15 to 20 Mar, 2023 |
| Listed on | Tue, Mar 28, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹99 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 20,50,800 shares (agg. up to ₹20 Cr) |
| Reserved for Market Maker | 1,04,400 shares NNM Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 19,46,400 shares (agg. up to ₹19 Cr) |
| Net Offered to Public | 19,46,400 shares (agg. up to ₹19 Cr) |
| Share Holding Pre Issue | 39,10,000 shares |
| Share Holding Post Issue | 59,60,800 shares |
| NSE Symbol | NIRMAN |
| ISIN | INE0OK701014 |
Nirman Agri Genetics IPO comprises a total issue size of 20,50,800 shares. The net offer to the public is 19,46,400 shares, after excluding 1,04,400 shares allotted on a firm basis. Of the Net offer 9,73,200 (50.00%) allocated to NII 9,73,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,73,200 | 50.00% | 47.45% |
| Retail Shares Offered | 9,73,200 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,04,400 | 5.09% | |
| Total Shares Offered | 20,50,800 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
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 | 31 Oct 2022 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 9.16 | 5.96 | 1.64 |
| Total Income | 18.04 | 13.49 | 3.82 |
| Profit After Tax | 2.30 | 2.56 | 0.05 |
| NET Worth | 4.48 | 2.64 | 0.06 |
| Total Borrowing | 1.71 | 1.25 | 0.99 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding additional Working capital requirements | 11.82 |
| 2 | Investment in Strategic Acquisition / Joint Venture | 2.00 |
| 3 | Purchase of Computer and other hardware | 0.45 |
| 4 | General Corporate Purposes | 3.73 |
| KPI | |
|---|---|
| ROE | 96.83 |
| ROCE | 65.83 |
| Debt/Equity | 0.47 |
| RoNW | 96.83 |
| PAT Margin | 18.98% |
| EBITDA Margin | 25.39% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 10.00 | |
| P/E (x) | 14.93 | |
| Promoter Holding | 99.99% | 65.59% |
| Market Cap | ₹59.01 Cr. |
The Nirman Agri Genetics IPO is subscribed 1.71 times on March 20, 2023 7:30:00 PM (Day 4). The public issue subscribed 2.2 times in the retail category, [.] times in the QIB category, and 1.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.22 | 9,73,200 | 11,91,600 |
| Retail | 2.2 | 9,73,200 | 21,44,400 |
| Total | 1.71 | 19,46,400 | 33,36,000 |
Total Application : 1,787
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including, underwriting, and selling commissions, brokerages, Advisors to the Company, payment to other intermediaries such as Legal Advisors, Registrars etc. and other out of pocket expenses, Brokerage and selling commission | 2.00 |
| 2 | Advertising and marketing expenses | 0.15 |
| 3 | Printing and stationery expenses, distribution, and postage | 0.05 |
| 4 | ROC, Regulatory and other expenses including Listing Fee | 0.10 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹99.00 |
| Open | ₹102.00 |
| Low | ₹96.90 |
| High | ₹107.10 |
| Last Trade | ₹101.30 |
Lead Manager Reports
Nirman Agri Genetics IPO is a SME IPO of 20,50,800 equity shares of the face value of ₹10 aggregating up to ₹20 Crores. The issue is priced at ₹99 per share. The minimum order quantity is 1200.
The IPO opens on Wed, Mar 15, 2023, and closes on Mon, Mar 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 Wed, Mar 15, 2023 and closes on Mon, Mar 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 Mon, Mar 27, 2023. Check the Nirman Agri Genetics IPO allotment status.
The Nirman Agri Genetics IPO listing date is on Tue, Mar 28, 2023.
