Nirman Agri Genetics IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 20, 2023Let’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:
- 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 Lakh |
| Net Issue to the Public | Up to 19,46,400 Equity Shares aggregating up to Rs.1,926.94 Lakh |
| 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% | – |
| Mar-20 | – | – | – |
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 |
| FIRST OVERSEAS CAPITAL LIMITED 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 |
| BIGSHARE SERVICES PRIVATE LIMITED 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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