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-2023
20-Mar-2023
₹ 99.00
₹ 0.00
Minimum Application for shares in Nos : 1200.0
Further Multiples of : 1200.0
(₹)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
₹99.00
Projects
Funding additional working capital requirements
Investment in strategic acquisition/joint ventures