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Let’s have a detailed review of the company and analytics of the Nirman Agri Genetics IPO release date, IPO offer price, subscription, Nirman Agri Genetics Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face Value Rs 10
Price Band Rs 99
Listing At NSE, SME
Min. Order Quantity 1200 Shares
Listing Date Mar 28, 2023
Offer for Sale Rs Lakh
Fresh Issue Rs 2,030 Lakh
IPO Size Rs 2,030 Lakh
Tick Size 1

Nirman Agri Genetics IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Nirman Agri Genetics Share Price

Nirman Agri Genetics IPO – Summary

They are 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. and have recently forayed into micronutrients and bioproducts.

Also, they produce non-hybrid seeds, primarily for paddy. They have attained over four years of experience in this seed business through their Company and Proprietary concern of their Promoter and are working towards their objective of developing seeds having superior yield potential, drought tolerance, tolerance to pests and diseases etc.

The Promoter of this company is Pranav Kailas Bagal. The lead manager to the issue is FIRST OVERSEAS CAPITAL LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.

Nirman Agri Genetics IPO Date

The opening and closing dates of Nirman Agri Genetics IPO are Mar 15, 2023, and Mar 20, 2023, respectively.

Nirman Agri Genetics IPO Subscription

Day / Date NII RII Total Subscription
1st Day – 15th Mar 0.62x 0.49x 0.55x
2nd Day –  16th Mar 0.74x 0.99x 0.86x
3rd Day – 17th Mar 0.74x 1.31x 1.02x
4th Day – 20th Mar 1.22x 2.20x 1.71x
Shares Offered or Net Issue 973,200 973,200 1,946,400

The shares subscribed by the public will be updated here.

Nirman Agri Genetics IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Nirman Agri Genetics Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization Mar 23, 2023
Refunds Initiation Mar 24, 2023
Credit of Shares to Demat Account Mar 27, 2023
Share Listing Date Mar 28, 2023

Nirman Agri Genetics IPO Price Band

The face value of each share is Rs.10, but the price band of the IPO is Rs.99 

Nirman Agri Genetics IPO Equity Size

This Initial Public Issue of 2,050,800 Equity Shares of Rs.10 each for cash at a price of Rs.99 per equity share aggregating to Rs.2,030 Lakh.

Nirman Agri Genetics IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,050,800 Equity Shares of Rs.10/ each.

Issue Size: 2,050,800 Equity Shares of Rs.10 each, aggregating to Rs.2,030 Lakh

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    Nirman Agri Genetics IPO – Live Performance

    The listing date of this IPO is Mar 28, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.

    Live IPO Performance – Nirman Agri Genetics Share Price

    Nirman Agri Genetics IPO Grey Market Premium

    The Nirman Agri Genetics Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X. 

    Nirman Agri Genetics IPO – Company Overview

    They currently have production, outsourced processing and R&D facilities in Maharashtra at Nashik and Nimgul and in Gujarat as well as Madhya Pradesh. Their research mainly focuses on developing superior hybrids in different crops like corn, cotton, sunflower, paddy, bajra, etc.

    All the seed varieties developed by their R&D team are marketed under the brand name of ‘Nirman Agri Genetics’. They expect their R&D facilities to drive the future growth of their Company. In the year 2022, they began to market bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures & plant growth regulators under the name and style 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 of achieving the benefit of synergy in marketing the aforesaid products they have recently added them to their products portfolio.

    They believe that this addition of products would enable them to address the needs of the farmers like plant protection and nourishment. They have marketing network with loyal and committed distributors / dealers in Maharashtra Madhya Pradesh & Gujarat.

    Nirman Agri Genetics IPO – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

    Financial Summary:

    Amount (in INR & Lakh)
    31-Oct-22 31-Mar-22 Mar-21
    Total Assets 915.70 595.87 164.06
    *Total Revenue 1,804.28 1,348.91 382.21
    Total Expense 1,491.35 1,006.48 374.81
    Profit After Tax 230.44 256.02 5.47

    Earnings per Equity Share (in Lakh)

    31-Oct-22 31-Mar-22 Mar-21
    Basic & Diluted 9.00 10.00 0.21

    Further, their PAT for the period ended on Oct 31, 2022, March 31, 2022, and March 31, 2021, were Rs. 230.44 Lakh, Rs. 256.02 Lakh, and Rs. 5.47 Lakh respectively.

    Nirman Agri Genetics IPO – Promoters

    The Promoter of this company is:

    1. Pranav Kailas Bagal

    List of Related Parties (Key Managerial Personnel)

    • Pranav Kailas Bagal, Managing Director
    • Avinash Bhimrao Bagal, Non-Executive Non-Independent Director
    • Prakash Narayandas Sawana, Non-Executive and Independent Director
    • Abhishek Shivnarayan Gupta, Non-Executive and Independent Director
    • Riddhi Nitin Aher, Non-Executive and Independent Director

    Nirman Agri Genetics IPO – Promoters Holding

    • Pre-Issue Share Holding – 99.99%
    • Post Issue Share Holding – 65.59%

    Nirman Agri Genetics IPO Offer Details or Issue Details

     Particulars  No. Of Equity Shares
     Equity Shares Offered  Up to 20,50,800 Equity Shares aggregating up to Rs.2,030.29 Lakh
    of which:
    Issue Reserved for the Market Makers Up to 1,04,400 Equity Shares aggregating up to Rs.103.36
    Net Issue to the Public Up to 19,46,400 Equity Shares aggregating up to Rs.1,926.94
    Of which:
    Retail Investors Portion Not less than 9,73,200 Equity Shares
    Other than Retail Individual Investors Not more than 9,73,200 Equity Shares
     Equity Shares outstanding prior to the Issue 39,10,000 Equity Shares
     Equity Shares outstanding after the Issue 59,60,800 Equity Shares

    Nirman Agri Genetics IPO Issue Object

    Their Company proposes to utilize the Net Proceeds towards funding the following objects:

    1. Funding additional Working capital requirements
    2. Investment in Strategic Acquisition / Joint Venture
    3. Purchase of Computer and other hardware
    4. General Corporate Purposes

    Nirman Agri Genetics IPO – Business Strategy

    • Venturing in to high value segments
    • Venturing in to new Crops
    • Expansion in to new geographies
    • Expansion of marketing and distribution network

    Nirman Agri Genetics IPO – Basis of Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • Hybrid Seeds for wide range of Crops
    • Founder-led experienced management team
    • Established Brand
    • Research & Development capabilities

    The relevant quantitative factors are:

    Basic & Diluted EPS RONW (%) NAV (Rs.)
    31-Mar-22 10.00 96.83% 10.33
    31-Mar-21 0.21 84.54%

    Nirman Agri Genetics IPO: Competitive Peers

    Face Value (Rs.) P/E EPS  (Rs.) Return on Net Worth (%) Total Income (Rs. in Crores)
    Nirman Agri Genetics Limited 10 9.90 10.00 0.00 13.49
    Listed Peers
    Upsurge Seeds 10 38.96 9.79 35.42 75.77
    Bombay Super Hybrid 1 265.25 1.01 26.59 194.26
    Shreeoswal Seed 10 130.89 2.70 11.72 104.80

    Nirman Agri Genetics IPO Lead Managers

    Lead Managers
    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 Registrar to offer

    Registrar to the Offer
    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 – Other Details

    • Statutory Auditor – M/s. A. S. Bedmutha & Co., Chartered Accountants
    • Legal Counsel to the Company – TMT Law Practice
    • Bankers to the Company –  ICICI Bank Limited

    Nirman Agri Genetics IPO Review by Stock Brokers

    Top Stock Brokers Review Company Reputation Competitive Edge Financial Statement Popularity Index Promoters Reputation
    Angel Broking 7.5/10 7.4/10 8.5/10 8.1/10 7.1/10
    Sharekhan 7.2/10 7.1/10 8.6/10 8.1/10 7.2/10
    Kotak Securities 7.3/10 7.5/10 8.4/10 8.1/10 7.3/10
    ICICI Direct 7.3/10 7.3/10 8.7/10 8.1/10 7.1/10
    IIFL 7.5/10 7.2/10 8.8/10 8.0/10 7.1/10
    Edelweiss 7.5/10 7.4/10 8.4/10 8.3/10 7.2/10
    Zerodha 7.4/10 7.1/10 8.5/10 8.1/10 7.0/10
    5Paisa 7.1/10 7.1/10 8.4/10 8.1/10 7.1/10
    Karvy 7.4/10 7.3/10 8.2/10 8.1/10 7.1/10
    Motilal Oswal 7.1/10 7.1/10 8.6/10 8.3/10 7.2/10


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      Nirman Agri Genetics Limited IPO News

      News 1 – IPO DRHP Download

      News 2 – IPO RHP Prospectus Download

      Nirman Agri Genetics IPO Review FAQs

      Check out various FAQs related to Nirman Agri Genetics IPO:

      What is the Issue Size of Nirman Agri IPO?

      The Company is making an initial public offer of 2,050,800 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

      What is the Price band of Nirman Agri IPO?

      The price band for this particular IPO ranges between Rs 99. As far as the face value of the share is of concern, it is Rs.10 per share.

      What is the Nirman Agri IPO Open Date?

      The opening and closing dates for this IPO have been updated. The IPO is set to open on Mar 15, 2023, while the closing date is set at Mar 20, 2023.

      What is the Nirman Agri IPO Allotment Date?

      They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Mar 23, 2023, refund initiation is on Mar 24, 2023, credit of shares is on Mar 27, 2023, and share listing date is on Mar 28, 2023.

      What is the Nirman Agri IPO Listing Date?

      Shares of this company shall be listed in the exchanges Mar 28, 2023. The date, when the listing would be done, is stagnant on Mar 28, 2023.

      Who is the Registrar of Nirman Agri IPO?

      One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.

      Who is the Promoter of Nirman Agri IPO?

      Here are the promoters of this IPO – Pranav Kailas Bagal. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

      What is the GMP of Nirman Agri IPO?

      They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.

      Is Nirman Agri IPO good for Investment?

      They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

      What is the PAT of Nirman Agri Genetics Company?

      They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 256.02, and 2021 is 5.47. PAT from Oct 2022 is 230.44.

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