March 28, 2023
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Nirman Agri Genetics IPO Particulars & Guidance at Chanakyanipothi.com,
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Nirman Agri Genetics IPO Guidance:
Nasik based company is in the business of high-quality hybrid seeds, Pesticides, Bio-organic. in the year 2021-22, eg. the year prior to the IPO, the topline, profits and EPS has shown sharp rise. IPO size is somewhat on higher side. No grey quotes are seen. May Apply/May avoid.
Nirman Agri Genetics IPO Grey Market updates
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Nirman Agri Genetics IPO Subscription Status
On 20 March 2023 @ 5.00 (Closed)
NII: 973200 Shares, 1.22T
RII: 973200 Shares, 2.20T
Total: 1946400 Shares 1.71T
Nirman Agri Genetics IPO Particulars & Guidance: About the business
The company is one of the organized Agri-Input Company in India engaged in the business of production, processing and marketing of high-quality hybrid seeds, Pesticides, Bio-organic for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc. and have recently forayed into micronutrients and bioproducts. We also produce 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. Its research mainly focuses on developing superior hybrids in different crops like corn, cotton, sunflower, paddy, bajra, etc.
All the seed varieties developed by its R&D team are marketed under the brand name of ‘Nirman Agri Genetics’. It expects its R&D facilities to drive the future growth of the Company.
In the year 2022, it began to market bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures & plant growth regulators under the name and style 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.
For more information about the company, Click http://www.nirmanagrigen.com/
| Nirman Agri Genetics IPO Details | |
| IPO opens on Tentative | 15 March 2023 |
| IPO closes on | 20 March 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2050800 Sh /Rs 20.30 Cr |
| * Fresh Issue | 2050800 Sh /Rs 20.30 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.99 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1200 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (0 %) | – | – |
| NII (50 %) | 973200 | 9.63 |
| RII (50 %) | 973200 | 9.63 |
| Total Shares | 1946400 | 19.27 |
| Retail portion will be oversubscribed by | ||
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 1200 Sh | Rs. 118800 |
| Max Retail Application | 2400 Sh | Rs. 237600 |
Promoters of the IPO
Pranav Kailas Bagal
Objects of the IPO:
The Company proposes to utilize the Net Proceeds from the Issue towards
1. Funding additional Working capital requirements
2. Investment in Strategic Acquisition / Joint Venture
3. Purchase of Computer and other hardware
| IPO Tentative timetable | |
| IPO opens on | 15 March 2023 |
| IPO Closes on | 20 March 2023 |
| IPO Allotment on | 23 March 2023 |
| Unblocking of ASBA | 24 March 2023 |
| Credit of Shares | 27 March 2023 |
| Listing on | 28 March 2023 |
| Registered Office of the Company |
| Vedant Apartment, Near Reliance Shopee, Dindori Road, Panchavati, Nashik – 422 003 |
| IPO Lead Managers |
| First Overseas Capital Limited |
| Registrar to the IPO |
| Bigshare Services Pvt Ltd |
| IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | – | – | – | – |
| 2020-21 | 3.82 | 0.05 | 0.21 | 84.54 |
| 2021-22 | 13.49 | 2.56 | 10.00 | 96.83 |
| Book Value of the Share on | 31.03.2022 | Rs.10.33 | ||
| Book Value of the Share | after the IPO | Rs.44.35 | ||
| Offer Price | Rs. 99 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 9.9 |
| Upper price/BV Ratio | 9.58 |
| Upper price/BV after IPO | 2 |
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Nirman Agri Genetics IPO Particulars & Guidance: Peer Comparison:
| As on date of DRHP | FV | Income | PE |
| Rs. | in Cr | Ratio of | |
| The IPO Company | 10 | 9.90 | |
| Kaveri Seeds | 2 | 13.89 | |
| Avanti Feed | 1 | – | 23.93 |
| Upsurge Seeds | 10 | – | 44.83 |
| Bombay Superhybrid | 10 | – | 36.09 |
| Shree Oswal | 10 | 87.41 | |
| AgirTech India | 10 | 22.11 |
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