Nirman Agri Genetics Limited

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
Email	cs@nirmanagrigen.com
Website	http://www.nirmanagrigen.com/

Offer Documents

Nirman Agri Genetics IPO DRHP

Nirman Agri Genetics IPO RHP

Registrar Details

Name	Bigshare Services Pvt Ltd
Phone	+91-22-6263 8200
Email	ipo@bigshareonline.com
Website	https://ipo.bigshareonline.com/ipo_status.html

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%