Nirman Agri Genetics IPO Particulars & Guidance

    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 
    For latest updates, Click

    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
    Nirman Agri Genetics  IPO promoterPranav 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

    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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