IPO Issue Details
Issue Price / Price Band₹99 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size20,50,800 shares (aggregating up to ₹20.30 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 15 Mar 2023
Subscription CloseMon, 20 Mar 2023
Anchor AllotmentTue, 14 Mar 2023
Basis of AllotmentThu, 23 Mar 2023
Initiation of RefundsFri, 24 Mar 2023
Credit of Shares to DematMon, 27 Mar 2023
Listing DateTue, 28 Mar 2023
UPI Mandate Deadline2023-03-20
Application & Investment Details
Retail — Min (1 Lots)₹1,18,800 — 1,200 shares
Retail — Max (13 Lots)₹1,544,400 (13 Lots)
HNI — Min (2 Lots)₹2,37,600 — 2,400 shares
P/E Ratio (Pre-IPO)14.93x
Net Offer to Public19,46,400 shares (aggregating up to ₹19.27 Cr)
Reserved for Market Maker1,04,400 shares (aggregating up to ₹1.03 Cr)
Pre-IPO Promoter Holding39,10,000 shares
Post-IPO Promoter Holding59,60,800 shares
About Nirman Agri Genetics Ltd.
Incorporated in 2020, Nirman Agri Genetics Limited is an organized Agri-Input Company in India. The company is in the business of production, processing, and marketing of high-quality hybrid seeds, Pesticides, and Bio-organic. These processes are used for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc.Expanding its horizon, Nirman Agri Genetics Limited recently forayed into micronutrients and Bioproducts. And they also produce non-hybrid seeds, primarily for paddy.The company currently has production, outsourced processing, and R&D facilities in Nashik and Nimgul, Maharashtra, Gujarat, and Madhya Pradesh.In 2022, Nirman began to market bio-pesticides, micronutrients, bio-fertilizers, fertilizer mixtures & plant growth regulators under the name "Nirman Agri Genetics".Nirman Agri Genetics Limited strives at becoming a leading crop solutions provider for farmers by supplying high-yielding hybrid seeds and crop management through micronutrients, by-products, etc.
Objects of the Issue
Nirman Agri Genetics Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding additional Working capital requirements
11.82
2
Investment in Strategic Acquisition / Joint Venture
2.00
3
Purchase of Computer and other hardware
0.45
4
General Corporate Purposes
3.73
Shareholding & Lock-in
Pre-IPO Promoter Holding
39,10,000 shares
Post-IPO Promoter Holding
59,60,800 shares