Nirman Agri Rights Issue is scheduled on 5 – 23 Aug 2024
Nirman Agri Genetics is a leading agri-input company in India, engaged in the production, processing, and marketing of high-quality hybrid seeds, pesticides, and bio-organic products for various crops such as corn, sunflower, cotton, paddy, and grain sorghum. Recently, the company has expanded into micronutrients and bio-products. Additionally, it produces non-hybrid seeds, primarily for paddy.
The company currently has production, outsourced processing, and R&D facilities in Maharashtra at Nashik and Nimgul, as well as in Gujarat and Madhya Pradesh. Its research primarily focuses on developing superior hybrids in various crops, including corn, cotton, sunflower, paddy, and bajra. 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.
In 2022, the company began to market bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures & plant growth regulators under the name of ‘Nirman Agri Genetics’.
Promoters of Nirman Agri Genetics – Pranav Kailas Bagal
Table of Contents
Nirman Agri Rights Issue Details
| Nirman Agri Rights Issue Date | 5 – 23 Aug 2024 |
| Nirman Agri Rights Issue Price | INR 239 per share |
| Issue Size (in Shares) | 20,49,025 shares |
| Issue Size (in INR) | INR 48.97 crore |
| Issue Entitlement | 11 equity shares for every 32 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Nirman Agri Rights Issue Record Date | 29 July 2024 |
| Face Value | INR 10 per share |
| Listing On | NSE |
Nirman Agri Rights Issue Calculation
| Nirman Agri Rights Issue Price | INR 239 per share |
| Market Price on Rights Issue Approval | INR 415.75 per share |
| Dilution Factor (X) | 1.34 |
| Fair Value After Dilution at Prevailing Price | INR 370.53 per share |
Nirman Agri Financial Performance
| Â | FY 2022 | FY 2023 | FY 2024 |
| Revenue | 13.00 | 29.00 | 63.00 |
| Expenses | 10.00 | 24.00 | 52.00 |
| Operating Margin (%) | 25.00 | 15.00 | 18.00 |
| Net Income | 2.56 | 4.00 | 10.40 |
| ROCE (%) | 133.0 | 27.0 | 33.0 |
Nirman Agri Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- General corporate purposes
Nirman Agri Rights Offer Documents
- Nirman Agri Rights Issue Application Form
- Nirman Agri Letter of Offer
- Board Meeting Outcome
- Rights Issue in 2024
Nirman Agri Rights Issue Dates
| Rights Issue Approval Date | 22 July 2024 |
| Rights Issue Record Date | 29 July 2024 |
| Credit of Rights Entitlement | 19 August 2024 |
| Rights Issue Opening Date | 5 August 2024 |
| Last Date for Market Renunciation | 19 August 2024 |
| Rights Issue Closing Date | 23 August 2024 |
| Finalization of Basis of Allotment | 28 August 2024 |
| Rights Allotment Date | 30 August 2024 |
| Credit Date | 6 September 2024 |
| Listing Date | 4 September 2024 |
Nirman Agri Rights 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, Maharashtra
Phone: 022 – 6263 8200
E-mail:Â [email protected]
Website:Â www.bigshareonline.com
Nirman Agri Issue Contact Details
NIRMAN AGRI GENETICS LIMITED
Vedant Apartment, Near Reliance Shopee,
Dindori Road, Panchavati, Nashik – 422 003 Maharashtra
Phone: +91 253 2943101
E-mail:Â [email protected]
Website:Â www.nirmanagrigen.com
Nirman Agri Rights Offer FAQs
What is the Nirman Agri Rights Issue Price?
The issue price is INR 239 per share.
What is the Nirman Agri Rights Issue entitlement ratio?
The eligible shareholders are offered 11 Equity Shares for every 32 Equity Shares held on the record date.
What is the Nirman Agri Rights Issue Record Date?
The Record date is 29 July 2024.
How to Apply for the Nirman Agri Rights Offer?
The best way to apply for the Nirman Agri Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.
