The Nova Agritech Limited Date is Confirmed from January 23, 2024 and closes on January 25, 2024 .
Nova AgriTech IPO is a book built issue of Rs 143.81 crores. Its price band is set at ₹39 to ₹41 per share. The minimum lot size for an application is 365 Shares. The minimum amount of investment required by retail investors is ₹14,965. The minimum lot size investment for sNII is 14 lots (5,110 shares), amounting to ₹209,510, and for bNII, it is 67 lots (24,455 shares), amounting to ₹1,002,655.
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Bidding Dates
January 23-25
Price Range
₹39 to ₹41 per share
Face Value
₹2 per share
GMP
₹13
Nova Agritech Limited GMP
The Nova Agritech Limited IPO GMP is ₹13.
IPO Overview
Nova AgriTech’s IPO is a book-built issue worth Rs 143.81 crore. The offering consists of a fresh issue of 2.73 crore shares totaling Rs 112.00 crores and an offer for sale of 0.78 crore shares totaling Rs 31.81 crore. Nova AgriTech’s initial public offering (IPO) begins subscriptions on January 22, 2024 and ends on January 24, 2024. The allotment for the Nova AgriTech IPO is expected to be completed on Thursday, January 25, 2024. Nova AgriTech’s IPO will list on the BSE and NSE, with a preliminary listing date of Tuesday, January 30, 2024.
Nova AgriTech’s IPO pricing range is set at ₹39 to ₹41 per share. The minimum lot size for an application is 365 shares. The minimum investment for retail investors is ₹14,965. The minimum lot size investment for sNII is 14 lots (5,110 shares) for ₹209,510, while for bNII, it is 67 lots (24,455 shares) worth ₹1,002,655.
Nova Agri 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 research based company with manufacturing facilities located in Hyderabad. They are concentrating on a farmer-driven, tech-based solution strategy. Based on their research and development, they primarily offer environmentally sustainable and nutritionally balanced products. The company’s subsidiary, Nova Agri Sciences Private Limited, makes crop protection products. Nova Agritech has a dealer network of 6,200 active dealers. The network spans 16 Indian states, including Telangana, Andhra
Pradesh, Madhya Pradesh, Maharashtra, Karnataka, and Rajasthan. We are an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on a tech-based farmer-driven solution approach, mainly offering ecologically sustainable and nutritionally balanced products based on R&D. The company has also entered into marketing, distribution, and supply agreements with third parties in Bangladesh, Vietnam, and Sri Lanka and is seeking approval to begin operations in these countries.
Registrar Info
| Name | Bigshare Services Pvt Ltd |
| Phone number | +91-22-6263 8200 |
| Email ID | ipo@bigshareonline.com |
| Website | bigshareonline.com |
Contact Details
| Name | Nova AgriTech Limited |
| Phone number | +91 84 54253446 |
| Email ID | ipo@novaagri.in |
| Website | novaagri.in |
IPO Strenghts
- 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.
