Nirman Agri Genetics Limited

Company Profile
Company Name Nirman Agri Genetics Limited
Open Date 15-03-2023
Close Date 20-03-2023
Exchange NSE SME
Lot Size 1,200 Shares
Issue Price ₹ 99 per share
Issue Size 20,50,800 Equity Shares
Application Amount ₹ 1,18,800
Recommendation Avoid
Nirman Agri Genetics Limited was incorporated in the year 2020 and is headquartered in Maharashtra. The company is one of the organized Agri-Input Companies in India. The company is engaged in the business of production, processing and marketing of high-quality hybrid seeds, Pesticides and, Bio-organic for different crops. The company have recently forayed into micronutrients and bioproducts. As of 31st December 2022, the company had 40 employees on their payroll.
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Summary of Financials (All financials in lakhs)

For the Period Ended Mar-21 Mar-22 Oct-22
Total Assets 164.06 595.87 915.70
Net Assets 6.47 264.41 447.51
Total Borrowings 99.19 124.67 171.41
Total Revenue 382.21 1,348.91 1,804.28
Profit After Tax 5.47 256.02 230.44

Tentative Timeline

Opening Date 15-03-2023
Closing Date 20-03-2023
Basis of Allotment 23-03-2023
Initiation of Refunds 24-03-2023
Credit of Shares to Demat 27-03-2023
Listing Date 28-03-2023

Objects of the Issue

Funding additional Working capital requirements
Investment in Strategic Acquisition / Joint Venture
Purchase of Computer and other hardware
General Corporate Purposes

Contact Information

Registered Office Nirman Agri Genetics Limited Vedant Apartment, Near Reliance Shopee, Dindori Road, Panchavati, Nashik – 422 003
Phone 253 2943101

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Market Maker Shares Offered 1,04,400 (5.09%)
Other Shares Offered 9,73,200 (47.45%)
Retail Shares Offered 9,73,200 (47.45%)
Total Shares Offered 20,50,800 (100%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 99.99%
Share Holding Post Issue (Promoters) 65.59%

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