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IPO Synopsis

Nirman Agri Genetics Ltd
Registered Office: Vedant Apartment Dindori Road,NearReliance Shopee Panchavati , Nashik - 422003 , Maharashtra , India.
Phone : 91-253-2943101   Fax:
Email :  
Website :
Initial public offering of up to 20,50,800 equity shares of (Rs)10 each ("Equity Shares") of Nirman Agri Genetics Limited ("Nirman" or the "Company") for cash at a price of (Rs)99.00 per equity share (the "Offer Price"), aggregating to (Rs)20.30 crores ("The Offer"), of the offer, 1,04,400 equity shares aggregating to (Rs)1.03 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. offer of 19,46,400 equity shares of face value of (Rs)10.00 each at an offer price of (Rs)99.00 per equity share aggregating to (Rs)19.27 crores is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 34.40% and 32.65%, respectively of the post offer paid up equity share capital of the company. The face value of the equity shares is (Rs)10.00 each and the offer price of (Rs)99.00 is 9.90 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
15-Mar-23 20-Mar-23 (Rs)99.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :1200  Further Multiples of :1200

  (Rs Cr) Lead Managers to the Issue
Project Cost 18.00 First Overseas Capital Ltd
Project Financed through Current Offer 20.30  
Post Issue Equity Share Capital 5.96  
Issue Price (Rs)99.00  
Funding additional working capital requirements Purchase of computer and hardware
Investment in strategic acquisition/joint ventures General corporate purposes
Promoted By
Pranav Kailas Bagal  
Listing At
Registrar to the Issue
No Data Found.

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