The Nova Agritech Limited IPO Date is Confirmed from January 23, 2024 and closes on January 25, 2024. Read the post to learn about Nova Agritech Limited IPO GMP.
Nova AgriTech IPO is a book erected issue of Rs143.81 crores. Its price band is set at ₹ 39 to ₹ 41 per share. The minimal lot size for an operation is 365 Shares. The minimal quantum of investment needed by retail investors is ₹ 14,965. Nova Agritech Limited IPO GMP Today is ₹13. The minimal lot size investment for sNII is 14 lots( 5,110 shares), amounting to ₹ 209,510, and for bNII, it’s 67 lots( 24,455 shares), amounting to ₹1,002,655.
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Key Details Of Nova Agritech Limited IPO:
Bidding Dates
January 23-25
Price Range
₹39 to ₹41 per share
Face Value
₹2 per share
GMP
₹13
Nova Agritech Limited IPO GMP
The Nova Agritech Limited IPO GMP Today is ₹13.
Nova Agritech Limited IPO Overview
Nova AgriTech’s IPO is a book- erected issue worth Rs143.81 crore. The immolation consists of a fresh issue of2.73 crore shares totaling Rs112.00 crores and an offer for trade of0.78 crore shares totaling Rs31.81 crore. Nova AgriTech’s original public immolation( IPO) begins subscriptions on January 22, 2024 and ends on January 24, 2024. The allotment for the Nova AgriTech IPO is anticipated to be completed on Thursday, January 25, 2024. Nova AgriTech’s IPO will list on the BSE and NSE, with a primary table date of Tuesday, January 30, 2024.
Nova AgriTech’s IPO pricing range is set at ₹ 39 to ₹ 41 per share. The minimal lot size for an operation is 365 shares. The minimal investment for retail investors is ₹ 14,965. The minimal lot size investment for sNII is 14 lots (5,110 shares) for ₹ 209,510, while for bNII, it’s 67 lots( 24,455 shares) worth ₹1,002,655.
Nova Agritech Limited IPO Details
| IPO Date | January 22, 2024 to January 24, 2024 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹39 to ₹41 per share |
| Lot Size | 365 Shares |
| Total Issue Size | 35,075,693 shares (aggregating up to ₹143.81 Cr) |
| Fresh Issue | 27,317,073 shares (aggregating up to ₹112.00 Cr) |
| Offer for Sale | 7,758,620 shares of ₹2 (aggregating up to ₹31.81 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 65,202,740 |
| Share holding post issue | 92,519,813 |
Nova AgriTech Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 22 Mar 2022 | 31 Mar 2021 |
| Assets | 196.37 | 180.78 | 160.30 | 147.44 |
| Revenue | 103.24 | 210.93 | 185.61 | 160.93 |
| Profit After Tax | 10.38 | 20.49 | 13.69 | 6.30 |
| Net Worth | 74.23 | 63.88 | 43.19 | 29.43 |
| Reserves and Surplus | 60.97 | 50.59 | 30.10 | 16.41 |
| Total Borrowing | 68.50 | 70.96 | 64.27 | 51.10 |
Nova AgriTech IPO Timeline
| IPO Open Date | Monday, January 22, 2024 |
| IPO Close Date | Wednesday, January 24, 2024 |
| Basis of Allotment | Thursday, January 25, 2024 |
| Initiation of Refunds | Monday, January 29, 2024 |
| Credit of Shares to Demat | Monday, January 29, 2024 |
| Listing Date | Tuesday, January 30, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 24, 2024 |
Company Profile
Nova Agritech Limited, established in 2007, as a disquisition predicated company with manufacturing installations located in Hyderabad. They’re concentrating on a farmer- driven, tech- predicated result strategy. Predicated on their disquisition and development, they primarily offer environmentally sustainable and nutritionally balanced products. The company’s attachment, Nova Agri lores Private Limited, makes crop protection products. Nova Agritech has a dealer network of 6,200 active dealers. The network spans 16 Indian countries, including Telangana, Andhra
Pradesh, Madhya Pradesh, Maharashtra, Karnataka, and Rajasthan. We’re an Agri- input manufacturer offering soil health operation, crop nutrition and crop protection products concentrated on a tech- grounded planter- driven result approach, substantially offering ecologically sustainable and nutritionally balanced products grounded on R&D. The company has also entered into marketing, distribution, and force agreements with third parties in Bangladesh, Vietnam, and Sri Lanka and is seeking blessing to begin operations in these countries.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | [email protected] |
| Website | bigshareonline.com |
Contact Details
| Name | Nova AgriTech Limited |
| Phone number | +91 84 54253446 |
| Email ID | [email protected] |
| Website | novaagri.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Nova Agritech Limited FAQs
When Nova AgriTech IPO will open?
The Nova AgriTech IPO opens on January 22, 2024 and closes on January 24, 2024.
What is the lot size of Nova AgriTech IPO?
Nova AgriTech IPO lot size is 365 Shares, and the minimum amount required is ₹14,965.
When is Nova AgriTech IPO allotment?
The finalization of Basis of Allotment for Nova AgriTech IPO will be done on Thursday, January 25, 2024, and the allotted shares will be credited to your demat account by Monday, January 29, 2024.
When is Nova AgriTech IPO listing date?
The Nova AgriTech IPO listing date is not yet announced. The tentative date of Nova AgriTech IPO listing is Tuesday, January 30, 2024.
