Do you Invest in Nirman Agri Genetics SME IPO? Understand the company before invest

Nirman Agri Genetics IPO, Nirman Agri Genetics SME IPO, Nirman Agri Genetics IPO Details, Nirman Agri Genetics IPO Review, Nirman Agri Genetics IPO Date
Nirman Agri Genetics SME IPO Review

Nirman Agri Genetics IPO subscription is opening up in March 2023. According to the prospectus, the IPO consists of a fresh issue of 2,050,800 shares of ₹10 aggregating up to ₹20.30 Cr. There is no offer for sales in the IPO issue. The Equity Shares have a face value of Rs 10 each. The stock will be listed on NSE SME.

Nirman Agri Genetics IPO The Company Business Description

Nirman Agri Genetics is an Agri-Input Company in India. The company is engaged in the business of production, processing, and marketing of high-quality hybrid seeds, Pesticides, and Bio-organic for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc.

  • Nirman Agri genetics recently expanded its operation into micronutrients and bioproducts.
  • The company is also producing non-hybrid seeds, primarily for paddy.
  • Nirman Agri Genetic Limited has three processing and R&D facilities in India – Maharashtra Gujarat, and Madhya Pradesh.
  • The products are marketed under the brand name of ‘Nirman Agri Genetics’
  • Sales of the company mainly focused on four states – Maharashtra, Gujarat, Madhya Pradesh, and Karnataka.
  • The seeds segment is the major revenue contributor in FY2022.
Nirman Agri Genetics IPO, Nirman Agri Genetics SME IPO, Nirman Agri Genetics IPO Details, Nirman Agri Genetics IPO Review, Nirman Agri Genetics IPO Date
Nirman Agri Genetics IPO Review

Nirman Agri Genetics Limited Founders and Leadership team

Mr. Pranav Kailas Bagal is the Promoter and Managing Director of the company. He holds a Diploma in Agriculture from National Backward Krushi Vidhyapeeth, Solapur, Maharashtra. He has around six years of experience in the field of Marketing Agriculture inputs. Before this business, he has done Agri-inputs business in Proprietary concern M/s. Nirman Agri Genetics from 2018. He holds 99.96% of the total shares of Nirman Agri Genetics Limited before the IPO issue.

Nirman Agri Genetics Limited Revenue and Profit

Nirman Agri Genetics has recorded strong revenue in FY2022 that reached Rs. 1,348.91 lakhs from Rs. 382.21 lakhs in FY 2021. For the period ended October 30, 2022, the company has generated revenue of Rs. 1,804.28 lacks. Further historical data is not available for analysis.

For the Period ended October 2022, the company registered a net profit of Rs. 230.44 lakhs as against Rs. 5.47 lakhs in FY 2021. However, the total borrowing of the company has increased from Rs. 99.19 lakhs in FY 2021 to Rs. 171.41 lakhs by October 30, 2022. The total borrowing of the company is over 50% of the net profit of the company during the same time.

Nirman Agri Genetics IPO Review : Financial Snapshot

All amounts in INR Lakhs
(Year ended November 30)
FY 2021FY 2022October 30
, 2022
Revenue Operation382.211,348.911,804.28
Total Income382.211,348.911,804.28
Net Profit After Adjustment5.47256.02230.44
Earnings Per equity Share-Diluted0.2110.009.00
Net Cash from Operating Activities(26.73)(4.60)(50.22)
Long Term Borrowings99.19204.06181.17
Net Worth6.47264.41447.51
Net Asset Value/Book Value per Equity share0.2510.3317.48

Objective Behind the Nirman Agri Genetics IPO

  • Out of the net proceeds of this IPO, the company is planning to spend INR 1,182.19 lakhs to meet the working capital requirements of the company.
  • The company has fixed Rs. 200.00 lakhs to invest in Strategic Acquisition or Joint Venture
  • The rest of the net proceeds will be utilized for to Purchase of a Computer and other hardware and General Corporate Purposes.

Nirman Agri Genetics IPO: Do you invest?

  • Nirman Agri Genetics Limited registered a strong total revenue in FY2022. However, the revenue growth seems increased suddenly. There is no historical data available for comparison.
  • The net cash flow generated from operating activities has been negative for the period from FY 2021 till October 30, 2022.
  • Total borrowing is quite high in terms of the net profit of the company.
  • There is strong competition in this business as there is a medium to the low entry barrier.
  • The promoter’s background seems not very impressive in terms of related education and experience as per the DRHP document analysis.
  • Though the government of India is focusing on the Agriculture industry, the company has a presence only in four states.
  • Hence, looking at the financials and factors mentioned above, I would prefer to avoid this SME IPO as a retail investor.

Nirman Agri Genetics IPO Details

Nirman Agri Genetics IPO DetailsNirman Agri Genetics IPO Date,
Price and other details
Nirman Agri Genetics IPO DateMar 15, 2023 to Mar 20, 2023
IPO Price ₹99 per share
IPO Allotment dateMar 23, 2023
Refunds Initiation dateMar 24, 2023
Credit of Shares to Demat AccountMar 27, 2023
IPO Listing DateMar 28, 2023
Offer for SaleNil
IPO Issue Size
(Fresh Issue)
2,050,800 shares of ₹10
(aggregating up to ₹20.30 Cr)
Minimum bid (lot size)    
For retail investor                                                 
1 lot of 1200 shares
Investment of ₹118,800
Maximum bid (lot size)    
For retail investor 
1 lot of 1200 shares
Investment of ₹118,800
Retail Shares OfferedNot less than 50% of the Net Offer
Minimum bid (lot size) 
HNI investor
2 lot of 1200 shares (2400)
Investment of ₹237,600
NII (HNI) Shares OfferedNot less than 50% of the Net Offer
Face ValueINR 10 per share
Listing on NSE SME
PromotersMr. Pranav Kailas Bagal is the Promoter

Nirman Agri Genetics IPO: Lead Managers and Contact

Contact DetailsNirman Agri Genetics IPO Lead Managers
Nirman Agri Genetics Limited
Vedant Apartment, Near Reliance Shopee,
Dindori Road, Panchavati,
Nashik – 422 003
Phone: +91 253 2943101
1-2 Bhupen Chambers, Dalal Street, Fountain,
Mumbai – 400 001, Maharashtra, India.

Nirman Agri Genetics IPO Allotment Status

Nirman Agri Genetics IPO Allotment status will be available on BIGSHARE SERVICES PRIVATE LIMITED. To know your allotment status, get ready with your PAN number and click on this link. You may also reach out to Phone: +91-22-6263 8200, Email:

More Across from our Website

We endeavor to help you to understand different aspects of a company before you invest in the company’s IPO, India IPO Trends 2023, New Companies in the Indian share market 2023. To know more information about business overview of each company, here are some suggested readings on company insights for investment – 10 Best IPOs in 2022Tata Play IPOUpcoming IPOsUpcoming SME IPOs.