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Open
15 Mar 2023
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Close
20 Mar 2023
3
Allotment
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Listing
Tue, Mar 28, 2023
Price Band
₹99 per share
Issue Size
20,50,800 shares (agg. up to ₹20 Cr)
Lot Size
1,200 Shares
Listing Date
Tue, Mar 28, 2023
Latest GMP
₹-5
Est. Gain
-5.05%
✦ AI Insight
GMP Trend
28-03-2023₹-5Est. ₹94-5.05%
27-03-2023₹-1Est. ₹98-1.01%
26-03-2023₹-2Est. ₹97-2.02%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.34x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Oct 2022 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 9.16 | 5.96 | 1.64 |
| Total Income | 18.04 | 13.49 | 3.82 |
| Profit After Tax | 2.30 | 2.56 | 0.05 |
| NET Worth | 4.48 | 2.64 | 0.06 |
| Total Borrowing | 1.71 | 1.25 | 0.99 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Prospect Commodities Ltd. | SME | ₹7.48 Cr | ₹61 | 31.44 | ₹61.45 | +0.74% | ₹48.00 (-4.95%) |
| Upsurge Seeds of Agriculture Ltd. | SME | ₹22.81 Cr | ₹120 | 21.35 | ₹147.00 | +22.50% | ₹83.95 (+0.00%) |
| Pearl Green Clubs & Resorts Ltd. | SME | ₹11.72 Cr | ₹186 | 53.6 | ₹198.50 | +6.72% | ₹93.95 (+2.23%) |
| KCK Industries Ltd. | SME | ₹4.50 Cr | ₹30 | 12.4 | ₹26.25 | -12.50% | ₹16.30 (+2.52%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
About Nirman Agri Genetics IPO
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.+ Read More
Contact Details
Nirman Agri Genetics Ltd. AddressVedant Apartment, Near Reliance ShopeeDindori RoadPanchavatiNashik, Maharashtra, 422003+91 253 2943101cs@nirmanagrigen.comVisit Website