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:
- Funding additional working capital requirements
- Investment in Strategic Acquisition/JJoint Venture
- Purchase of Computer and other hardware
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | Period ended on 31st Oct. 2022 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 448 | 264 | 6 |
| Total Assets | 916 | 596 | 164 |
| Total Borrowings | 171 | 125 | 99 |
| Total Revenue | 1,804 | 1,349 | 382 |
| Profit After Tax | 230 | 256 | 5 |
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 Type | Fixed Price Issue IPO |
| IPO Price | ₹ 99 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1,200 Shares |
| Issue Size | 2,050,800 shares of ₹ 10 (Aggregating up to ₹ 20.30 Crore) |
| Fresh Issue | 2,050,800 shares of ₹ 10 (Aggregating up to ₹ 20.30 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | Rikhav Securities Ltd. |
| Market maker portion | 104,400 shares |
| Listing At | NSE Emerge |
| Company Promoters | Pranav 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 Date | March 15, 2023 |
| Closing Date | March 20, 2023 |
| Basis of Allotment | March 23, 2023 |
| Initiation of Refunds | March 24, 2023 |
| Credit of shares to Demat A/c | March 27, 2023 |
| Listing Date | March 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.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,200 | ₹ 118,800 |
| Retail (Maximum) | 1 | 1,200 | ₹ 118,800 |
| HNI (Minimum) | 2 | 2,400 | ₹ 237,600 |
Promoters Holdings – Nirman Agri Genetics IPO
| Pre-issue Shares Holdings | 99.99% |
| Post-issue Shares Holdings | 65.59% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | Nirman 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 Registrar | Bigshare 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
What is Nirman Agri Genetics Ltd. IPO price?
The Nirman Agri Genetics Ltd. IPO price is ₹ 99 per share.
What will be the Nirman Agri Genetics Ltd. IPO lot size?
One lot of the Nirman Agri Genetics Ltd. IPO contains 1,200 shares of ₹ 118,800.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Nirman Agri Genetics Ltd. IPO allotment available?
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.
When will Nirman Agri Genetics Ltd. IPO list on exchanges?
The Nirman Agri Genetics Ltd. IPO shares listing date is March 28, 2023.
How many shares in Nirman Agri Genetics Ltd. IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50% of Net issue, and Retail – 50% of the Net Issue.
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