Nirman Agri Genetics IPO: GMP, Price, Dates

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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

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 
ITCONS E-Solutions IPO: GMP, Price, Dates and size

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: 

  1. Funding additional Working capital requirements 
  1. Investment in Strategic Acquisition / Joint Venture 
  1. Purchase of Computer and other hardware 
  1. 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
Websitehttp://www.nirmanagrigen.com/

Nirman Agri Genetics IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://www.bigshareonline.com/

Nirman Agri Genetics IPO Lead Manager(s)

  1. First Overseas Capital Limited (Past IPO Performance)

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