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Rights Issue Status: Closed [5th Aug 2024 to 23rd Aug 2024]
Nirman Agri Genetics Limited offers Right Issue size of Rs 48.97 Cr. The subscription for this Rights Issue is opening from 5 Aug 2024 to 23 Aug 2024. The company issues entitlement of 11 Rights equity shares for every fully paid-up 32 equity shares held on the record date of 29 July 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 239 per share.
Stay connected with us to more about Nirman Agri Genetics Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The company intends to use the net proceeds from the issue towards the following objectives:
| Nirman Agri Genetics Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 0.20 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹48.97 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹239 per share |
| Rights Issue Record Date | 29th Jul 2024 |
| Rights Issue Entitlement | 11 Rights Equity Share(s) for every 32 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | The entire amount of the Issue Price of ₹ 239/- per Rights Equity Share shall be payable at the time of Application. |
| Listing At | NSE |
| BSE Code | |
| NSE Code | NIRMAN |
In this section we have covered all important dates related to Nirman Agri Genetics Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 5th Aug 2024 |
| Rights Issue Issue Close Date | 23rd Aug 2024 |
| Basis of Allotment Finalisation Date* | 30th Aug 2024 |
| Refunds Initiation* | 19th Aug 2024 |
| Credit of Shares to Demat Account* | 6th Sep 2024 |
| Rights Issue Listing Date* | 4th Sep 2024 |
* - Tentative Dates
Zerodha Trade@20
Incorporated in August 2020, Nirman Agri Genetics Limited is one of the organized agri-input companies in India engaged in the production, processing and marketing of high-quality hybrid seeds, pesticides and bio-organic seeds for various crops like maize, sunflower, cotton, rice, sorghum etc. and has recently entered into the field of micronutrients and bio-products. The company also produces non-hybrid seeds, mainly for rice.
Currently, the company has manufacturing, outsourced processing, and R&D facilities in Maharashtra, Nashik, Nimgul, Gujarat, and Madhya Pradesh. The company's research mainly focuses on developing superior hybrids in crops like maize, cotton, sunflower, paddy, bajra, etc. All seed varieties developed by its R&D team are marketed under the brand name ‘Nirman Agri Genetics’.
In 2022, the company started marketing bio-pesticides, bio-fertilizers, micro-nutrients, fertilizer blends and plant growth regulators under the name and brand 'Nirman Agri Genetics'. Seeds, biofertilizers, micronutrients, etc. are related products that have the same end user, namely the farmer and are usually sold through similar dealer networks. In order to achieve synergy in the marketing of these products, they have recently added them to their product portfolio.
Past performance and financial results of Nirman Agri Genetics .
Nirman Agri Genetics Limited's revenue increased by 121.4% and profit after tax (PAT) rose by 159.76% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 44.22 | 29.85 |
| Revenue | 63.34 | 28.61 |
| Profit After Tax | 10.40 | 4.01 |
| Reserves and Surplus | 31.38 | 20.99 |
| Amount in ₹ Crore | ||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Nirman Agri Genetics Rights Issue Offer Document (Letter of Offer) >>Document
Nirman Agri Genetics Rights Issue Offer Document (Letter of Offer) >>Nirman Agri Genetics Rights Issue Red Herring Prospectus is not yet available.
Nirman Agri Genetics Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Nirman Agri Genetics Rights Issue Online Application (Registrar & Transfer Agent) >>Nirman Agri Genetics Rights Issue RTA information is not yet available.
Last Updated on 2024-08-26T05:32:45+00:00
