Nirman Agri Genetics Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 973,200 (47%) | — | ₹963 Cr |
| Retail | — | 973,200 (47%) | — | ₹963 Cr |
| Market Maker | — | 104,400 (5%) | — | ₹10 Cr |
| Σ Total | — | 2,050,800 (100%) | — | ₹20,303 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹118,800 |
| Retail (Max) | 13 | 15,600 | ₹1,544,400 |
| S-HNI (Min) | 14 | 16,800 | ₹1,663,200 |
| B-HNI (Min) | 67 | 80,400 | ₹7,959,600 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31-Oct-22 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 1,804 | 1,349 | 382 |
| Profit After Tax | 230 | 256 | 5 |
| Net Worth | 448 | 264 | 6 |
| Total Assets | 916 | 596 | 164 |
| Total Borrowing | 171 | 125 | 99 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding additional Working capital requirements – 11.82
- Investment in Strategic Acquisition / Joint Venture – 2.00
- Purchase of Computer and other hardware – 0.45
- General Corporate Purposes – 3.73
Company Overview
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.