About Company
Nirman Agri Genetics Limited was incorporated in 2020 as an organized Agri-Input Company in India. The company promoter Kailash Bagal is a diploma holder in Agriculture from National Backward Krushi Vidyapeeth, Solapur, Maharashtra.
The company is a producer, processor, and marketer of high-quality hybrid seeds, pesticides, and bioorganic chemicals. These processes are used for crops like corn, sunflower, cotton, paddy, grain sorghum, etc.
Expanding its horizon, Nirman Agri Genetics Limited recently forayed into micronutrients and Bioproducts. And they also produce non-hybrid seeds, primarily for paddy.
They started marketing bio-pesticides, micronutrients, bio-fertilizers, fertilizer mixtures, and plant growth regulators under “Nirman Agri Genetics” in 2022 through their channel of distributors and dealers in Maharashtra, Madhya Pradesh, and Gujarat.
Nirman Agri Genetics Limited strives to become a farmers’ leading crop solutions provider by supplying high-yielding hybrid seeds and crop management through micronutrients, by-products, etc.
Bidding for Nirman Agri Genetics IPO worth ₹20.30 crore will open on March 15, 2023. The issue price is fixed at ₹99. The final issue size of 2,050,800 shares has a face value of ₹10 per share.
| Minimum Investment ₹118,800 / 1 Lots ( 1200 Shares ) | Maximum Investment ₹118,800 / 1 Lots ( 1200 Shares ) |
| Price Range ₹99 | Issue Size ₹20.30 Cr |
| Investor category and sub category Qualified Institutional Buyers | Non-Institutional Investors | Retail Individual Investors | Retail Discount To be announced |
Nirman Agri Genetics IPO Dates
Important dates with respect to IPO allotment and listing
| IPO Opening Date Mar 15, 2023 | IPO 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 | IPO Listing Date Mar 28, 2023 |
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institution Buyers | [.] |
| Non-Institutional Buyers | 0.62 |
| Retail Investors | 0.55 |
| Employees | [.] |
| Other | [.] |
| Total | 0.59 |
IPO Subscription Details
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Mar 15, 2023 | 0.62 | 0.49 | 0.55 |
| Day 2 Mar 16, 2023 | 0.62 | 0.55 | 0.59 |
Nirman Agri Genetics Ltd. IPO Objective
- The company proposes to utilize the fund for strategic acquisition/joint venture.
- To buy computers and other hardware
- Cover issue expenses
- To meet working capital requirements
Why should you invest in Nirman Agri Genetics Ltd.?
These are your top reasons to invest in Nirman Agri Genetics Ltd.
- They deal with various hybrid seeds to hedge against single-product dependency.
- Lead by an experienced promoter and management team.
- Nirman Agri Genetics is an established brand among farmers.
- Expansion plan to new markets in north, south, and east India.
Nirman Agri Genetics Ltd. Ltd. Noteworthy highlights
- Nirman Agri Genetics Ltd. operates in a space that stands to gain from the government’s robust policy moves to improve the country’s agricultural output.
- The government has allowed 100% FDI in marketing food products and food product e-commerce.
- The government plans to triple the country’s food processing capacity from the current 10% level.
Nirman Agri Genetics Ltd Company Financials
| Particulars | Period ending on October 31, 2022 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) | Year ending on March 31, 2021 (₹ lakh) |
|---|---|---|---|
| Revenue from Operation | 1,804.28 | 1,348.91 | 382.21 |
| Profit After Tax (PAT) | 230.44 | 256.02 | 5.47 |
| EBITDA | 312.93 | 342.43 | 7.40 |
| EBITDA Margin | 17.34% | 25.39% | 1.94% |
| EPS | 9.00 | 10.00 | 0.21 |
| ROE | 51.49% | 96.83% | 84.54% |
Know before investing
Strengths
- They have built research and development capacity to produce high-yielding hybrid seeds.
- Offers a wide range of products, including high-quality, high-breed crop seeds.
- Strong distribution channel to reach out to end customers and farmers.
Risks
- Outcomes of the legal proceedings pending against the company promoters may impact future profitability.
- The agricultural sector is highly seasonal, which may impact the operational results.
- The business is exposed to weather, disease, and pest risks.
Please Click Here To Apply For Nirman Agri Genetics IPO
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