Nirman Agri Genetics Limited IPO
i. Nirman Agri Genetics is one of the organized Agri-Input Company in India engaged in the business of production, processing and marketing of high-quality hybrid seeds, Pesticides, Bio-organic for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc. and have recently forayed into micronutrients and bioproducts. They also produce non-hybrid seeds, primarily for paddy
ii. They have attained over four years of experience in this seed business through their Company and Proprietary concern of their Promoter and are working towards their objective of developing seeds having superior yield potential, drought tolerance, tolerance to pests and diseases etc.
iii. The company currently have production, outsourced processing and R&D facilities in Maharashtra at Nashik and Nimgul and in Gujarat as well as Madhya Pradesh. Their research mainly focuses on developing superior hybrids in different crops like corn, cotton, sunflower, paddy, bajra, etc.
iv. In the year 2022, they began to market bio-pesticides, bio-fertilizers, micronutrients, fertilizer mixtures & plant growth regulators under the name and style of “Nirman Agri Genetics”. Seeds, bio-fertilizers, micronutrients etc. are related products having the same end user i.e. the farmer, and are usually sold through similar dealer networks.
v. Their focus is to become a leading crop solutions provider to the farmer by supplying high yielding hybrid seeds and crop management through micronutrients, bioproducts etc. For achieving this, the company is engaging in research and development efforts in the areas of superior breeding programmes and biotechnology tools that will enable it to develop highly effective and differentiated hybrid seeds, micronutrients and bioproducts.
i. Hybrid Seeds for wide range of Crops
ii. Founder-led experienced management team
iii. Established Brand
iv. Research & Development capabilities
Objects of the Nirman Agri Genetics Limited IPO:
Nirman Agri Genetics Limited IPO Details:
|Open Date:||Mar 15 2023|
|Close Date:||Mar 20 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Lot Size:||1200 Shares|
|Issue Price:||₹ 99 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Mar 28 2023|
Promoters And Management:
Financials of Nirman Agri Genetics Limited IPO:
|Particulars ( In Lakhs )||7MFY23||2022||2021||2020|
|Revenue from Operations||1804||1838||778||258|
|Cost of Material Consumed||1434||1367||707||229|
|Employee Benefits Expense||40||77||26||9|
|Depreciation & Amortisation||3||1||0.79||0.69|
Comparison With Peers:
|Name of the Company||Revenue (Cr)||Profit (Cr)||P/E||EPS||CMP||Mcap (Cr)|
|Nirman Agri Genetics||30||4||14.94||6.63||99||59|
|Upsurge Seeds of Agriculture||59||0.28||61||7.68||326||230|
|Bombay Super Hybrid Seeds||222||16||155||1.54||241||2,525|
|Shreeoswal Seeds and Chemicals Limited||262||5||94.5||3.17||337||514|