IPO Details
Bidding Dates
14 Mar '23 - 19 Mar '23
Minimum Investment
₹118,800 / 1 Lots ( 1200 Shares )
Price Range
₹99
Maximum Investment
₹118,800 / 1 Lots ( 1200 Shares )
Retail Discount
To be announced
Issue Size
₹20.30 Cr
Investor category and sub category
Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors |Nirman Agri Genetics IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Mar 14, 2023
IPO Closing Date
Mar 19, 2023
Basis of Allotment
Mar 22, 2023
Initiation of Refunds
Mar 23, 2023
Credit of Shares to Demat
Mar 26, 2023
IPO Listing Date
Mar 27, 2023
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
Day 1Mar 14, 2023 |
0.62 | 0.49 | 0.55 |
Day 2Mar 15, 2023 |
0.74 | 0.99 | 0.86 |
Day 3Mar 16, 2023 |
0.74 | 1.31 | 1.02 |
Day 4Mar 19, 2023 |
1.22 | 2.20 | 1.71 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institution Buyers | [.] |
| Non-Institutional Buyers | 1.22 |
| Retail Investors | 2.20 |
| Employees | [.] |
| Other | [.] |
| Total | 1.71 |
About Company
The company is a producer, processor, and marketer of high-quality hybrid seeds, pesticides, and bioorganic chemicals. The company promoter Kailash Bagal is a diploma holder in Agriculture from National Backward Krushi Vidyapeeth, Solapur, Maharashtra.
The company was incorporated in 2020. They started marketing bio-pesticides, micronutrients, bio-fertilisers, fertiliser mixtures, and plant growth regulators under, "Nirman Agri Genetics", in 2022 through their channel of distributors and dealers in Maharashtra, Madhya Pradesh, and Gujarat.
Bidding for Nirman Agri Genetics IPO worth ₹20.30 crore will open on March 15, 2023. The issue price is fixed at ₹99. The final issue size of 2,050,800 shares has a face value of ₹10 per share.
Nirman Agri Genetics Ltd. Ltd. IPO Objective
- The company proposes to utilise the fund for strategic acquisition/joint venture.
- To buy computers and other hardware
- Cover issue expenses
- To meet working capital requirements
Why should you invest in Nirman Agri Genetics Ltd.?
These are your top reasons to invest in Nirman Agri Genetics Ltd.
- They deal with a wide range of hybrid seeds to hedge against single-product dependency.
- Lead by an experienced promoter and management team.
- Nirman Agri Genetics is an established brand among farmers.
- Expansion plan to new markets in north, south, and east India.
Nirman Agri Genetics Ltd. Ltd. Noteworthy highlights
- Nirman Agri Genetics Ltd. operates in a space that stands to gain from the government’s robust policy moves to improve the country's agricultural output.
- The government has allowed 100% FDI in the marketing of food products and food product e-commerce.
- The government plans to triple the capacity of food processing in the country from the current 10% level.
Nirman Agri Genetics Ltd Company Financials
| Particulars | Period ending on October 31, 2022 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
|---|---|---|---|
| Revenue from Operation | 1,804.28 | 1,348.91 | 382.21 |
| Profit After Tax (PAT) | 230.44 | 256.02 | 5.47 |
| EBITDA | 312.93 | 342.43 | 7.40 |
| EBITDA Margin | 17.34% | 25.39% | 1.94% |
| EPS | 9.00 | 10.00 | 0.21 |
| ROE | 51.49% | 96.83% | 84.54% |
Know before investing
Strengths
3-
They have built research and development capacity to produce high-yielding hybrid seeds.
-
Offers a wide range of products including high-quality high breed seeds for a wide range of crops.
-
Strong distribution channel to reach out to the end customers, who are farmers.
Risks
3-
Outcomes of the legal proceedings pending against the company promoters may impact future profitability.
-
The agricultural sector is highly seasonal, which may impact the operational results.
-
The business is exposed to risks related to weather, disease, and pests.
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Nirman Agri Genetics IPO FAQs
Nirman Agri Genetics Ltd. IPO worth ₹20.30 crore will open for subscription on March 15, 2023. The IPO share price is fixed at ₹99 with a lot size of 1200 shares per lot.
The subscription window will remain open from March 15-20, 2023.
The basis of the allotment date is March 23, 2023.
One lot of Nirman Agri Genetics Ltd. Ltd. IPO has 1200 shares.
The IPO will open on March 15, 2023.
Retail investors can apply for a minimum of one lot.
The listing date of Nirman Agri Genetics Ltd. on NSE SME is March 28, 2023.
You can check the allotment status of your IPO application from the Angel One app.
To check the IPO allotment status, enter the application number, DP ID, and PAN number into the app.
Listing gain refers to the difference of the IPO’s opening and offer prices. The listing gain is influenced by changing investors’ interests, global parameters, and short vs long-term outlooks.
The bank initially blocks the amount you bid for an IPO. It will debit the money when the shares are allotted or unblock the amount after the UPI mandate expiry date.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot of 1200 shares.
