Nirman Agri IPO GMP, Review, Price, Allotment

Last updated on March 28, 2023

Nirman Agri IPO description – Incorporated in 2020, Nirman Agri Genetics is an organized Agri-Input company engaged in the production, processing, and marketing of high-quality hybrid seeds, pesticides, and bio-organic products for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc. and has recently forayed into micronutrients and bioproducts. It also produces non-hybrid seeds, primarily for paddy.

The company has production, outsourced processing, and R&D facilities in Maharashtra at Nashik and Nimgul and in Gujarat as well as Madhya Pradesh.

In 2022, the company began to market bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures & plant growth regulators under the name of ‘Nirman Agri Genetics’. Seeds, bio-fertilizers, micronutrients, etc. are related products having the same end user i.e. the farmer, and are usually sold through similar dealer networks. With a view to achieving the benefit of synergy in marketing the aforesaid products, it has recently added them to its products portfolio.

Nirman Agri Genetics’ focus is to become a leading crop solutions provider to the farmer by supplying high-yielding hybrid seeds and crop management through micronutrients, bioproducts, etc

Promoters of Nirman Agri Genetics – Pranav Kailas Bagal

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Nirman Agri Genetics IPO Details

Nirman Agri IPO Dates	15 – 20 March 2023
Nirman Agri IPO Price	INR 99 per share
Fresh issue	20,50,800 shares (INR 20.30 crore)
Offer For Sale	Nil
Total IPO size	20,50,800 shares (INR 20.30 crore)
Minimum bid (lot size)	1,200 shares (INR 118,800)
Face Value	INR 10 per share
Retail Allocation	50%
Listing On	NSE EMERGE

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Nirman Agri Financial Performance

	FY 2021	FY 2022	7M FY 2023
Revenue	3.82	13.49	18.04
Expenses	3.75	10.06	14.91
Net income	0.05	2.56	2.30

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Nirman Agri Offer News

• Nirman Agri RHP
• Nirman Agri Draft Prospectus
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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Nirman Agri Valuations & Margins

	FY 2021	FY 2022
EPS	0.21	10.00
PE ratio	–	9.90
RONW (%)	84.54	96.83
NAV	–	10.33
ROCE (%)	5.19	65.83
EBITDA (%)	1.94	25.39
Debt/Equity	3.98	0.12

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Nirman Agri IPO GMP Today

Date	Consolidated IPO GMP	Kostak	Subject to Sauda
23 Mar 2023	–	–	–
22 Mar 2023	2	–	–
21 Mar 2023	2	–	–
20 Mar 2023	3	–	–
18 Mar 2023	3	–	–
17 Mar 2023	3	–	–
16 Mar 2023	3	–	–

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Nirman Agri IPO Subscription – Live Updates

Category	NII	Retail	Total
Shares Offered	1,025,400	1,025,400	2,050,800
20 Mar 2023	1.16	2.09	1.63
17 Mar 2023	0.71	1.23	0.97
16 Mar 2023	0.70	0.94	0.82
15 Mar 2023	0.58	0.47	0.52

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Nirman Agri Offer Lead Manager

FIRST OVERSEAS CAPITAL LIMITED
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India
Phone: +91 22 4050 9999
Email: [email protected] / [email protected]
Website: www.focl.in

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Nirman Agri Genetics Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

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Nirman Agri Genetics Contact Details

NIRMAN AGRI GENETICS LIMITED
Vedant Apartment, Near Reliance Shopee,
Dindori Road, Panchavati, Nashik – 422 003 Maharashtra
Phone: +91 253 2943101
E-mail: [email protected]
Website: www.nirmanagrigen.com

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Nirman Agri IPO Allotment Status

Nirman Agri IPO allotment status is now available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

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Nirman Agri IPO Dates & Listing Performance

IPO Opening Date	15 March 2023
IPO Closing Date	20 March 2023
Finalisation of Basis of Allotment	23 March 2023
Initiation of refunds	24 March 2023
Transfer of shares to demat accounts	27 March 2023
Nirman Agri IPO Listing Date	28 March 2023
Opening Price on NSE SME	INR 102 per share (up 3.03%)
Closing Price on NSE SME	INR 101.3 per share (up 2.32%)

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Nirman Agri IPO FAQs