* - Tentative Dates
The company intends to use the net proceeds from the issue towards the following objectives:
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 โน Crore | ||
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.