Nirman Agri Genetics Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

15 Mar 2023

Close Date

20 Mar 2023

Allotment

23 Mar 2023

Listing Date

28 Mar 2023

Exchange

NSE SME

Price Band

₹99

Listing Price

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Allotment Status

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Price Band

₹99

Per share

Face Value

₹10 per share

Lot Size

1,200 Shares

per lot

Issue Size

20,50,800 shares (aggregating up to ₹20.30 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹118,800

1 lot

Pre-IPO Holding

39,10,000 shares

Promoters

Post-IPO Holding

59,60,800 shares

Promoters

P/E (Pre)

14.93x

UPI Deadline

2023-03-20

Mandate

Anchor AllotmentTue, 14 Mar 2023

Basis of AllotmentThu, 23 Mar 2023

Refund InitiationFri, 24 Mar 2023

Demat CreditMon, 27 Mar 2023

Listing DayTue, 28 Mar 2023

UPI Mandate Deadline2023-03-20

Sale TypeFresh Capital

Net Offer to Public19,46,400 shares (aggregating up to ₹19.27 Cr)

Market Maker Quota1,04,400 shares (aggregating up to ₹1.03 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Nirman Agri Genetics Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 20 Mar 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	104,400	—	₹1.03
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	2,050,800	100%	₹20.30

IPO Shares Offered

Nirman Agri Genetics Ltd. IPO total issue size: ₹20.30 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	104,400	₹1.03	5.09%
Total	2,050,800	₹20.30	100.00%

* Based on upper price band ₹99 per share

Lot Size & Investment

Lot Size

1,200

Shares per Lot

Issue Price

₹99.00

Upper Band

Min Investment

₹118,800

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	2,400	₹237,600
Retail (Max — 13 Lots)	13	15,600	₹1,544,400
S-HNI (Min — 14 Lots)	14	16,800	₹1,663,200
B-HNI (Min — 68 Lots)	68	81,600	₹8,078,400

* Issue Price ₹99 × Lot Size 1,200 shares

IPO Schedule

Anchor

14 Mar 2023

✓ Done

IPO Open

15 Mar 2023

✓ Done

IPO Close

20 Mar 2023

✓ Done

Allotment

23 Mar 2023

✓ Done

Refunds

24 Mar 2023

✓ Done

Demat Credit

27 Mar 2023

✓ Done

Listing Day

28 Mar 2023

✓ Done

₹99.00

INR · NSE

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Issue ₹99.00 Live Price

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

Funding additional Working capital requirements

Investment in Strategic Acquisition / Joint Venture

Purchase of Computer and other hardware

General Corporate Purposes

Nirman Agri Genetics Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹382.2

31-Mar-21

₹1,348.9

31-Mar-22

₹1,804.3

31-Oct-22

Profit After Tax (PAT)

₹5.5

31-Mar-21

₹256.0

31-Mar-22

₹230.4

31-Oct-22

Particulars	31-Oct-22	31-Mar-22	31-Mar-21
Revenue from Operations	1804.28	1348.91	382.21
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	230.44	256.02	5.47
Net Worth	447.51	264.41	6.47
Total Assets	915.70	595.87	164.06
Reserves & Surplus	N/A	N/A	N/A
Borrowings	171.41	124.67	99.19
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered20,50,800 (100.00%)

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-Issue Promoter Holding39,10,000 shares

Post-Issue Promoter Holding59,60,800 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

First Overseas Capital Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Nirman Agri Genetics Ltd. IPO subscribed? ▲

Nirman Agri Genetics Ltd. IPO is subscribed 1.00 times by Mar 20, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Nirman Agri Genetics Ltd. IPO retail subscription status? ▼

The Nirman Agri Genetics Ltd. IPO retail category is subscribed 1.00 times as of 20 Mar 2023. The retail portion is oversubscribed.

How to subscribe Nirman Agri Genetics Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 15 Mar 2023 and closes 20 Mar 2023. Min investment: ₹118,800 (1 lot = 1,200 shares). UPI mandate: 2023-03-20.

How many times Nirman Agri Genetics Ltd. IPO subscribed? ▼

The Nirman Agri Genetics Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Nirman Agri Genetics Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 23 Mar 2023. Refunds: on 24 Mar 2023.

When Nirman Agri Genetics Ltd. IPO will be listed? ▼

The Nirman Agri Genetics Ltd. IPO listing date is 28 Mar 2023, Tuesday. Listed on: NSE SME. Issue price: ₹99. Estimated listing: ₹99. GMP: NIL.

When Nirman Agri Genetics Ltd. IPO close? ▼

The Nirman Agri Genetics Ltd. IPO closes on 20 Mar 2023, Monday. UPI mandate: 2023-03-20. Allotment: 23 Mar 2023. Listing: 28 Mar 2023.

Quick Actions

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Live Price LIVE

Last Price₹99.00

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Issue Price₹99.00

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Quick Summary

StatusListed

Issue Price₹99

Face Value₹10

Lot Size1,200 Sh

Min. Amount₹118,800

GMPNIL

Est. Listing₹99

Subscribed1.00x

Open Date15 Mar 2023

Close Date20 Mar 2023

Allotment23 Mar 2023

Listing Date28 Mar 2023

ExchangeNSE SME

UPI Deadline2023-03-20