Nirman Agri Genetics was incorporated on August 19, 2020. The company is an organised agri-input company in India engaged in producing, processing and marketing hybrid seeds, pesticides and bio-organics for different crops like corn, sunflower, cotton, paddy and grain sorghum. It recently forayed into micronutrients and bioproducts.
| Bidding Dates |
|---|
| 15 Mar 2023 - 20 Mar 2023 |
| Subscription |
|---|
| 1.71x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,18,800 | 1 | 1 | 1200 | 2.1 M | ₹99 | 65.6 % | ₹203.0 M | RHP DOC |
Nirman Agri Genetics IPO SUBSCRIPTION STATUS
20 Mar '23Nirman Agri Genetics IPO overall subscription rate was 1.71 times the total available shares
Nirman Agri Genetics IPO retail subscription rate was 2.2 times in the retail segment
Nirman Agri Genetics IPO non-institutional investor subscription rate was 1.22 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
20 Mar 2023 (Day 4) | 2.2x | 1.22x | - |
17 Mar 2023 (Day 3) | 1.3x | 0.74x | - |
16 Mar 2023 (Day 2) | 0.99x | 0.74x | - |
15 Mar 2023 (Day 1) | 0.49x | 0.62x | - |
Nirman Agri Genetics FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 7MFY23 | 23.0 | 180.4 | -5.0 | -2.5 | 17.3% |
| FY22 | 27.3 | 183.9 | 0.0 | -7.5 | 25.4% |
| FY21 | 1.9 | 77.8 | -0.3 | -0.5 | 1.9% |
Nirman Agri Genetics IPO SUBSCRIPTION STATUS DETAILS
Nirman Agri Genetics had 2.1 M shares on offer
Nirman Agri Genetics IPO offer price was ₹99
Nirman Agri Genetics IPO minimum Investment was ₹118800
Nirman Agri Genetics IPO issue size was ₹ 203.0 M
Nirman Agri Genetics had a minimum lot size of 1200 Shares per application
Nirman Agri Genetics NUMBER OF SHARES ON OFFER
Nirman Agri Genetics IPO IMPORTANT DATES
| Issue Open Date | 15 Mar 2023 |
| Issue close Date | 20 Mar 2023 |
| Allotment Date | 23 Mar 2023 |
| Refund Date | 24 Mar 2023 |
| Demat Account Credit Date | 27 Mar 2023 |
| Listing Date | 28 Mar 2023 |
| Listing on Exchange(s) | NSE |
| Nirman Agri Genetics Allotment Status | Exchange |
Nirman Agri Genetics IPO subscription opened on 15 Mar 2023, and closed on 20 Mar 2023
IPO allotment for Nirman Agri Genetics was finalized on Thursday, 23 Mar 2023
IPO listing for Nirman Agri Genetics was on NSE on Tuesday, 28 Mar 2023
Nirman Agri Genetics IPO LISTING GAINS
| Issue Price (adjusted) | 99.0 |
| Listing Open Price | 102.0 |
| Listing Close Price | 101.3 |
| Listing Gain% | 3.0% |
| Current Gain% | -65.7% |
Nirman Agri Genetics Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nirman Agri Genetics Ltd. | 34 | 20.3 | 1.5 | 0 | 0.1 | 13.8 | 13.6 | 196.6 | -17 | 17.6 | -30.4 | 22 | -48.2 |
| LT Foods Ltd. | 427.6 | 14846.8 | 23.2 | 7.3 | 1.3 | 13.8 | 6.9 | 11023.1 | 25.7 | 625.4 | 3.3 | 18.4 | 3.2 |
| Godrej Agrovet Ltd. | 542.8 | 10442.3 | 23.4 | -12.8 | 1 | 23.3 | 7.7 | 10338.5 | 9.7 | 472.8 | 10 | 23.2 | -1.8 |
| KRBL Ltd. | 378.6 | 8666.9 | 13.4 | 0.4 | 1.4 | 11.2 | 9.8 | 6168.2 | 9.1 | 648 | 36.1 | 28.3 | 36.1 |
| Gujarat Ambuja Exports Ltd. | 169.2 | 7761.6 | 18.7 | 0.2 | 1.3 | 9.2 | 7.3 | 5835.8 | 24.3 | 304.3 | 22 | 9.1 | 75.1 |
| Kaveri Seed Company Ltd. | 764.4 | 3932.3 | 13.3 | 2.6 | 2.8 | 16.8 | 10.7 | 1424.1 | 13.8 | 295.8 | 5.2 | 57.5 | 5.2 |
Nirman Agri Genetics INFORMATION ON IPO ISSUE
About Nirman Agri Genetics
Nirman Agri Genetics was incorporated on August 19, 2020. The company is an organised agri-input company in India engaged in producing, processing and marketing hybrid seeds, pesticides and bio-organics for different crops like corn, sunflower, cotton, paddy and grain sorghum. It recently forayed into micronutrients and bioproducts.
Object of the Issue
- Funding additional working capital requirements
- Investment in strategic acquisition/joint venture
- Purchase of computer and other hardware
- General corporate purposes
Nirman Agri Genetics - PROMOTERS
| Name |
|---|
| Pranav Kailas Bagal |
Nirman Agri Genetics Lead Manager of the Issue
First Overseas Capital Limited
satish@focl.in
Nirman Agri Genetics Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Nirman Agri Genetics Strengths
Hybrid Seeds for wide range of crops
The company has hybrid seeds for corn, sunflower, cotton, paddy, etc. These varieties give it an edge in the market and it has the ability and infrastructure to further develop different hybrids
Established brand
The company withstood the pressures of competition and continues to serve quality seeds to Indian farmers. Farmers recognise the brand because of its quality
Nirman Agri Genetics Risks
Legal proceedings
There are certain outstanding legal proceedings involving the promoter and promoter entities that may adversely affect the business
Seasonal business
The agri-inputs business is highly seasonal in India and it may affect the operating results
IPO FAQs
The promoter of the company is Pranav Kailas Bagal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 99.0 - 99.0.
The IPO application opens on Mar 15, 2023 and closes on Mar 20, 2023.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 118,800.0, the maximum value for this IPO is Rs 118,800.0.
This IPO will be allotted on Mar 23, 2023.
The refund will be credited to your account on Mar 24, 2023.
The allotted shares will be credited to your demat on Mar 27, 2023.
Nirman Agri Genetics Ltd.’s shares listed on the stock exchanges on Mar 28, 2023.