The company is a producer, processor, and marketer of high-quality hybrid seeds, pesticides, and bioorganic chemicals. The company promoter Kailash Bagal is a diploma holder in Agriculture from National Backward Krushi Vidyapeeth, Solapur, Maharashtra.
The company was incorporated in 2020. They started marketing bio-pesticides, micronutrients, bio-fertilisers, fertiliser mixtures, and plant growth regulators under, "Nirman Agri Genetics", in 2022 through their channel of distributors and dealers in Maharashtra, Madhya Pradesh, and Gujarat.
Bidding for Nirman Agri Genetics IPO worth ₹20.30 crore will open on March 15, 2023. The issue price is fixed at ₹99. The final issue size of 2,050,800 shares has a face value of ₹10 per share.
Nirman Agri Genetics Ltd. Ltd. IPO Objective
- The company proposes to utilise the fund for strategic acquisition/joint venture.
- To buy computers and other hardware
- Cover issue expenses
- To meet working capital requirements
Why should you invest in Nirman Agri Genetics Ltd.?
These are your top reasons to invest in Nirman Agri Genetics Ltd.
- They deal with a wide range of hybrid seeds to hedge against single-product dependency.
- Lead by an experienced promoter and management team.
- Nirman Agri Genetics is an established brand among farmers.
- Expansion plan to new markets in north, south, and east India.
Nirman Agri Genetics Ltd. Ltd. Noteworthy highlights
- Nirman Agri Genetics Ltd. operates in a space that stands to gain from the government’s robust policy moves to improve the country's agricultural output.
- The government has allowed 100% FDI in the marketing of food products and food product e-commerce.
- The government plans to triple the capacity of food processing in the country from the current 10% level.
Nirman Agri Genetics Ltd Company Financials
| Particulars | Period ending on October 31, 2022 (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) |
|---|---|---|
| Revenue from Operation | 1,804.28 | 1,348.91 |
| Profit After Tax (PAT) | 230.44 | 256.02 |
| EBITDA | 312.93 | 342.43 |
| EBITDA Margin | 17.34% | 25.39% |
| EPS | 9.00 | 10.00 |
| ROE | 51.49% | 96.83% |
Know before investing
Strengths
3They have built research and development capacity to produce high-yielding hybrid seeds.
Offers a wide range of products including high-quality high breed seeds for a wide range of crops.
Strong distribution channel to reach out to the end customers, who are farmers.
Risks
3Outcomes of the legal proceedings pending against the company promoters may impact future profitability.
The agricultural sector is highly seasonal, which may impact the operational results.
The business is exposed to risks related to weather, disease, and pests.
