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Nirman Agri Genetics IPO GMP, Price, Dates & Allotment Details 2023

Nirman Agri Genetics IPO GMP, Price, Dates & Allotment Details 2023

The Nirman Agri Genetics IPO will open on March 15 and close on March 20, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 20.30 crore through this public offering, consisting of 2,050,800 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 99 per share.

Incorporated in 2020. One of the organized Agri-Input Companies in India, Nirman Agri Genetics Limited produces, processes, and markets high-quality hybrid seeds, pesticides, and bio-organic products for a variety of crops, including corn, sunflower, cotton, paddy, grain sorghum, etc. More recently, the company has expanded into the production of micronutrients and bioproducts. Moreover, the company creates non-hybrid seeds, mostly for paddy. Company main focus is to become a leading crop solutions provider to the farmer by supplying high yielding hybrid seeds and crop management through micronutrients, bioproducts etc.   

The company currently has production, outsourced processing, and R&D facilities in Gujarat, Madhya Pradesh, and Maharashtra at Nashik and Nimgul.

Objects of the Issue

The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:

  1. Funding additional working capital requirements
  2. Investment in Strategic Acquisition/JJoint Venture
  3. Purchase of Computer and other hardware
  4. General corporate purposes.

Financial Highlights (Restated)

ParticularsPeriod ended on 31st Oct. 2022FY 2021-22FY 2020-21
Net Worth4482646
Total Assets916596164
Total Borrowings17112599
Total Revenue1,8041,349382
Profit After Tax2302565
(Amount in ₹ Lakhs)

Nirman Agri Genetics IPO – Details

As per the DRHP filed with SEBI, a total of 20.5 lakh shares will be offered as part of the fresh issue on the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 104,400 shares of the offering. While First Overseas Capital Limited will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so there will be a price at which the securities are offered or allotted is known in advance to the investor.

Issue TypeFixed Price Issue IPO
IPO Price₹ 99 per share
Face Value₹ 10 per share
Market Lot1,200 Shares
Issue Size2,050,800 shares of ₹ 10  (Aggregating up to ₹ 20.30 Crore)
Fresh Issue2,050,800 shares of ₹ 10  (Aggregating up to ₹ 20.30 Crore)
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market MakerRikhav Securities Ltd.
Market maker portion104,400 shares
Listing AtNSE Emerge
Company PromotersPranav Kailas Bagal

GMP – Nirman Agri Genetics IPO

Nirman Agri Genetics’ IPO GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilize after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – Nirman Agri Genetics IPO

The issue opens for subscription on March 15, 2023, and closes for subscription on March 20, 2023 (both days inclusive). The basis of allotment will be finalized on March 23rd, 2023, and the refunds will be initiated on March 24th, 2023. In addition, the demat credits are expected to happen on March 27th, 2023, and the stock will list on March 28th, 2023, on the NSE Emerge segment. 

Opening DateMarch 15, 2023
Closing DateMarch 20, 2023
Basis of AllotmentMarch 23, 2023
Initiation of RefundsMarch 24, 2023
Credit of shares to Demat A/cMarch 27, 2023
Listing DateMarch 28, 2023

Lot Size – Nirman Agri Genetics IPO

The lot size of the Nirman Agri Genetics IPO is 1,200 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,200 shares of  ₹ 118,800.

ApplicationsLotsSharesAmount 
Retail (Minimum)11,200₹ 118,800
Retail (Maximum)11,200₹ 118,800
HNI (Minimum)22,400₹ 237,600

Promoters Holdings – Nirman Agri Genetics IPO

Pre-issue Shares Holdings99.99%
Post-issue Shares Holdings65.59%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationNirman Agri Genetics Limited
Vedant Apartment, Near Reliance Shopee,Dindori Road, Panchavati, Nashik – 422003
Phone: +91 253 2943101
Email: [email protected]
Website: http://www.nirmanagrigen.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com/
IPO Lead Manager(s)First Overseas Capital Limited 

FAQ’s

The Nirman Agri Genetics Ltd. IPO price is ₹ 99 per share.

One lot of the Nirman Agri Genetics Ltd. IPO contains 1,200 shares of ₹ 118,800.

The minimum investment size is one lot for retail investors.

The finalisation of the basis of allotment for the Nirman Agri Genetics Ltd. IPO will be done on March 23, 2023, and the allotted shares will be credited to your demat account by March 27, 2023. Check the Nirman Agri Genetics Ltd. IPO allotment status.

The Nirman Agri Genetics Ltd. IPO shares listing date is March 28, 2023.

The investors’ portion for NII (HNI) – 50% of Net issue, and Retail – 50% of the Net Issue.

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