NEWS

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.