The Nirman Agri Genetics IPO date has been confirmed from March 15 and ended on March 20.
The IPO of Nirman Agri Genetics is a fixed price offering worth Rs 20.30 crores. It consists of a total of 20.51 lakh shares, all of which are newly issued. The bidding for the IPO commenced on March 15, 2023, and concluded on March 20, 2023. The allotment of shares for the Nirman Agri Genetics IPO was finalized on Thursday, March 23, 2023. Subsequently, the shares were listed on the NSE SME on March 28, 2023.
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Bidding Dates
March 15 – 20,2023
Price Range
₹99 per share
Face Value
₹10 per share
GMP
₹-5
Nirman Agri Genetics IPO GMP
The Nirman Agri Genetics IPO GMP is ₹[-5].
IPO Overview
The company presently operates production, outsourced processing, and R&D facilities in Nashik and Nimgul, Maharashtra, Gujarat, and Madhya Pradesh. Starting in 2022, Nirman commenced the marketing of bio-pesticides, micronutrients, bio-fertilizers, fertilizer mixtures, and plant growth regulators under the brand “Nirman Agri Genetics”. Nirman Agri Genetics Limited aims to establish itself as a prominent provider of crop solutions for farmers by offering high-yielding hybrid seeds and crop management services through micronutrients, by-products, and more.
Nirman Agri Genetics IPO Date & Price Band Details
| IPO Date | March 15, 2023 to March 20, 2023 |
| Listing Date | March 28, 2023 |
| Face Value | ₹10 per share |
| Price | ₹99 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 2,050,800 shares (aggregating up to ₹20.30 Cr) |
| Fresh Issue | 2,050,800 shares (aggregating up to ₹20.30 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 104,400 shares |
Nirman Agri Genetics IPO Market Lot
The minimum requirement for investors to bid is 1200 shares, and they can bid in multiples of this amount. The table below illustrates the minimum and maximum investment for both retail investors and high net worth individuals (HNI) in terms of shares and monetary value.
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1200 | ₹118,800 |
| Retail (Max) | 1 | 1200 | ₹118,800 |
| HNI (Min) | 2 | 2,400 | ₹237,600 |
Nirman Agri Genetics IPO Allotment and Listing Dates
Nirman Agri Genetics IPO opens on March 15, 2023, and closes on March 20, 2023.
| IPO Open Date | Wednesday, March 15, 2023 |
| IPO Close Date | Monday, March 20, 2023 |
| Basis of Allotment | Thursday, March 23, 2023 |
| Initiation of Refunds | Friday, March 24, 2023 |
| Credit of Shares to Demat | Monday, March 27, 2023 |
| Listing Date | Tuesday, March 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 20, 2023 |
Nirman Agri Genetics IPO Company Financial Report
| Revenue from Operation | 1,804.28 | 1,348.91 | 382.21 |
| Profit After Tax (PAT) | 230.44 | 256.02 | 5.47 |
| EBITDA | 312.93 | 342.43 | 7.40 |
| EBITDA Margin | 17.34% | 25.39% | 1.94% |
| EPS | 9.00 | 10.00 | 0.21 |
| ROE | 51.49% | 96.83% | 84.54% |
Company Profile
Nirman Agri Genetics Limited, established in 2006, specializes in providing a wide range of maritime-related services such as cargo handling, storage solutions, and logistics services. As a part of the renowned JSW Group, the company collaborates with JSW Group Customers (Related Parties) to drive growth initiatives. In terms of cargo handling capacity, Nirman Agri Genetics stands as the second-largest commercial port operator in the country for Fiscal 2022. Currently, the company efficiently manages various types of cargo, including dry bulk, break bulk, liquid bulk, gases, and containers. Notable examples of the cargo
handled by Nirman Agri Genetics encompass thermal coal, non-thermal coal, iron ore, sugar, urea, steel products, rock phosphate, molasses, gypsum, barites, laterites, edible oil, LNG, LPG, and containers.
Registrar Info
| Name | Nirman Agri Genetics IPO Registrar |
| Phone number | +91 40 6716 2222 |
| Email ID | jswinfrastructure.ipo@kfintech.com |
| Website | https://www.kfintech.com |
Contact Details
| Name | Nirman Agri Genetics Limited |
| Phone number | +91 22 4286 1000 |
| Email ID | infra.secretarial@jsw.in |
| Website | https://www.jsw.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
