Nirman Agri Genetics Limited is an Indian company established in 2020, specializing in the production, processing, and marketing of hybrid seeds, pesticides, and bio-organic products for various crops such as corn, sunflower, cotton, paddy, and grain sorghum. With a focus on expanding their product range, the company has also started producing non-hybrid seeds for paddy and has recently ventured into micronutrients and bioproducts. They have production, processing, and R&D facilities in different regions of India, including Maharashtra, Gujarat, and Madhya Pradesh.
To further support the farmers, the company launched a range of products in 2022, including bio-pesticides, micronutrients, bio-fertilizers, fertilizer mixtures, and plant growth regulators under the name “Nirman Agri Genetics.” Their aim is to become a leading crop solutions provider for farmers by offering high-yielding hybrid seeds and crop management through various products like micronutrients and by-products. Through their range of offerings and commitment to quality, the company is working towards enhancing the crop yields and profitability of farmers in India.
Nirman Agri Genetics IPO Details
| IPO Date | Mar 15, 2023 to Mar 20, 2023 |
| Listing Date | Mar 28 2023 |
| Face Value | ₹10 per share |
| Price | ₹99 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,050,800 shares (aggregating up to ₹20.30 Cr) |
| Fresh Issue | 2,050,800 shares (aggregating up to ₹20.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Nirman Agri Genetics IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Mar 15, 2023 |
| Closing Date | Mar 20, 2023 |
| Basis of Allotment | Mar 23, 2023 |
| Initiation of Refunds | Mar 24, 2023 |
| Credit of Shares to Demat | Mar 27, 2023 |
| Listing Date | Mar 28, 2023 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
The Indian agriculture industry includes different sub-sectors such as crop cultivation, livestock rearing, fisheries, forestry, and agro-processing. The production and marketing of agri-inputs such as seeds, pesticides, and fertilizers are crucial components of the agriculture industry.
The agriculture industry in India has been growing steadily over the years, with a Compound Annual Growth Rate (CAGR) of around 3.5% during the period of 2016-2021, according to a report by ResearchAndMarkets.com. The industry is expected to continue growing at a CAGR of around 5% during the period of 2021-2026, driven by factors such as increasing demand for food due to population growth, rising incomes, and government initiatives to support the sector’s growth.
Company Financials
Nirman Agri Genetics Limited Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
| 31-Mar-21 | 164.06 | 382.21 | 5.47 | 6.47 | 99.19 |
| 31-Mar-22 | 595.87 | 1,348.91 | 256.02 | 264.41 | 124.67 |
| 31-Oct-22 | 915.70 | 1,804.28 | 230.44 | 447.51 | 171.41 |
| Amount in ₹ Lakhs |
Objects of the Issue
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding additional Working capital requirements
- Investment in Strategic Acquisition / Joint Venture
- Purchase of Computer and other hardware
- General Corporate Purposes
Nirman Agri Genetics IPO Prospectus
Company Contact Information
Nirman Agri Genetics Limited
Vedant Apartment, Near Reliance Shopee,
Dindori Road, Panchavati,
Nashik – 422 003
Phone: +91 253 2943101
Email: cs@nirmanagrigen.com
Website: http://www.nirmanagrigen.com/
Nirman Agri Genetics IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Nirman Agri Genetics IPO Lead Manager(s)
- First Overseas Capital Limited (Past IPO Performance)
