Nirman Agri Genetics Limited IPO : Highlights

Nirman Agri Genetics Limited IPO is set to launch on 15 March, 2023. The company initiated its business operations in the year 2020. The company produces, markets and processes high quality sees, Bio-organic and pesticides. Its processes are used for production of various crops including paddy, corn, cotton, sunflower, grain sorghum etc. The company recently expanded its business operations to micronutrients and bioproducts. 

Its manufacturing facilities are located in Nashik and Nimgul, Maharashtra, Madhya Pradesh and Gujarat. 

Nirman Agri Genetics Limited IPO DETAILS

Nirman Agri Genetics Limited IPO is set to launch on 15 March., 2023. The subscription timeline extends till 20 March, 2023. The size for the IPO is 20.30 Crore Rs. Shares issued through fresh issue mode are worth 20.30 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 1200 shares and the price is 99 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Nirman Agri Genetics Limited IPO 

IPO OPENING DATE 15 March., 2023
CLOSING DATE FOR IPO 20 March, 2023
ISSUE TYPE Fixed Price Issue
Face Value per share 10 Rs. per share
IPO price band 99 Rs per share
LOT SIZE 1200 shares
MINIMUM ORDER QUANTITY 1200 shares
ISSUE SIZE 20.30 Crore Rs.
OFFER FOR SALE No shares are issued through offer for sale mode.
FRESH ISSUE 20.30 Crore Rs.
LISTING AT NSE SME
LISTING DATE 28 March, 2023

Nirman Agri Genetics Limited IPO : IMPORTANT DATES

IPO OPENING DATE 15 March., 2023
CLOSING DATE FOR IPO 20 March., 2023
IPO ALLOTMENT DATE 23 March, 2023
REFUNDS 24 March, 2023
DEMAT A/C CREDITED ON 27 March, 2023
IPO LISTING DATE 28 March, 2023

Nirman Agri Genetics Limited IPO begins for subscription from 15 March., 2023. The IPO subscription would continue till 20 March, 2023. The allotment status for the shareholders who applied would come on 23 March, 2023. The refunds for the ones who did not get allotment would be initiated on 24 March, 2023. The DEMAT accounts of shareholders would be credited on 27 March, 2023. The listing of the company would be accompanied on 28 March, 2023.

Nirman Agri Genetics Limited IPO : Lead Managers

The lead managers are :

  • First Overseas Capital Limited

The minimum lot size for the company is decided at 1200 shares. This holding accounts to  118800 Rs.. The maximum lot size is decided at 2400 shares (HNI). This amounts to 237600 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 1200 shares 110000 Rs.
Maximum 2400 shares 237600 Rs.

OBJECTIVES FOR THE IPO

  • IPO proceeds would be used for general corporate purposes.
  • The money raised will be also utilised for the working capital requirements for film production.

COMPANY FINANCIALS

Particularly (in Lakh Rs.) 2020-21 2021-22 Oct. 2022
ASSETS 164 595 915
Revenue 382 1348 1804
PAT 5.47 256 230

Nirman Agri Genetics Limited had an asset base of 164 Lakh Rs in 2021. The assets of the company took a major boost of more than 3.5 times and increased to 595 Lakh Rs in 2022. As of Oct. 2022 the assets stand at 915 Lakh Rs. The revenue of the firm was 382 Lakh Rs in 2021 which increased by more than 250% to 1348 Lakh Rs. The revenue as of Oct. 2022 is 1804 Lakh Rs. The profits of the firm was 5.47 lakh Rs in 2021 which increased to 256 Lakh Rs in 2022. This means an increase of more than 250 Lakh Rs in the same and close to 4580% increase in profits. As of Oct. 2022 the profit of the firm stands at 230 lakh Rs. 

PROS

  • The financials of the company are outstanding. 
  • Its processes are used for production of various crops including paddy, corn, cotton, sunflower, grain sorghum etc. The company recently expanded its business operations to micronutrients and bioproducts. 
  • Nirman Agri Genetics Limited’s manufacturing facilities are located in Nashik and Nimgul, Maharashtra, Madhya Pradesh and Gujarat. 

CONS

  • Nirman Agri Genetics Limited works into a very competitive segment.

Nirman Agri Genetics Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section.
  3. Click the Nirman Agri Genetics Limited IPO button and press the BID button.
  4. Entering the details asked for like UPI ID, Quantity and price.
  5. Submit the application form for the IPO.
  6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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