Nova Agritech Ltd
Price Range
₹39 - ₹41
Min. Quantity
365
Closes on
25 January 2024
Min. investment
₹14,965/4,745 Shares
Nova Agritech Ltd IPO Timeline
Nova Agritech Limited was incorporated as 'Nova Agritech Private Limited' on May 09, 2007 with the RoC, Hyderabad. Later on, Company converted to a Public Company and name was changed to Nova Agritech Limited vide fresh Certificate of Incorporation on September 24, 2018 issued by the RoC, Hyderabad.
| Event | Date |
|---|---|
| Nova Agritech Ltd IPO Opening Date | 23 January 2024 |
| Nova Agritech Ltd IPO Closing Date | 25 January 2024 |
| Basis of Allotment | 29 January 2024 |
| Initiation of Refunds | 30 January 2024 |
| Credit of Shares to Demat | 30 January 2024 |
| Nova Agritech Ltd IPO Listing Date | 31 January 2024 |
Nova Agritech Ltd IPO Details
| Nova Agritech Ltd IPO Date | 23 January 2024 to 25 January 2024 |
| Nova Agritech Ltd IPO Face Value | ₹2 per share |
| Nova Agritech Ltd IPO Price | ₹39 to ₹41 per share |
| Nova Agritech Ltd IPO Lot Size | 365 |
| Issue Size | Shares of ₹2 (aggregating up to ₹143.81 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹112 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹31.81 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 71,76,461 of the Net Offer |
| Retail Shares Offered | Not less than 1,27,66,799 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 54,71,486 of the Net Offer |
| Company Promoters | Suraksha Agri Retails (India), Malathi S, Kiran Kumar Atukuri |
Nova Agritech Ltd IPO Lot Size
The Nova Agritech Ltd IPO lot size is 365 shares. A retail-individual investor can apply for up to 13 lots (4,745 shares or ₹1,94,545).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 365 | ₹14,965 |
| Maximum | 13 | 4,745 | ₹1,94,545 |
- Strengths
- Risks
- Opportunities
- One stop solution for soil health management, crop nutrition, bio stimulant, bio pesticides, Integrated Pest Management (IPM) and crop protection through diversified branded product portfolio.
- Established distribution network across various geographies through many dealers.
- Strengthening farmer outreach through Nova Kisan Seva Kendra.
- Technology driven product development and marketing.
- Focus on ecologically sustainable and nutritionally balanced products.
- Experienced Management Team and Promoters.
- Well Equipped Research & Development facility.
Company Financials
Nova Agritech Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 235.05 | 180.07 | 18.60 |
| 03-2023 | 120.82 | 117.17 | 8.42 |
| 03-2022 | 128.61 | 116.05 | 5.04 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment on the company subsidiary, Nova Agri Sciences Pvt Ltd for setting up a new formulation plant
- Funding Capital Expenditure by the Company, towards expansion of its existing formulation plant
- Funding of working capital requirement of the company
- Investment in the subsidiary Nova Agri Sciences Pvt Ltd, for funding working capital requirements
- General corporate purposes
Nova Agritech Ltd IPO Promoter Holding
| Pre Issue Share Holding | 23.6% |
| Post Issue Share Holding | - |
Nova Agritech Ltd IPO Subscription Status (Bidding Detail)
The Nova Agritech Ltd IPO is subscribed 109.37 times on 25 January 2024 05:00:00 PM. The public issue subscribed 77.12 times in the retail category, 79.31 times in the QIB category, and 224.08 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 79.31 | 224.08 | 77.12 | - | 109.37 |
Nova Agritech Ltd IPO Prospectus
Nova Agritech Ltd IPO Listing Date
| Listing Date | 31 January 2024 |
| BSE Script | 544100 |
| NSE Symbol | NOVAAGRI |
| Listing In | BSE, NSE |
| ISIN | INE02H701025 |
| IPO Price | ₹41 |
| Face Value | ₹2 |
Company Contact Information
Sy No 251/A/1 Singannaguda (V)Mulugu Mandal Siddipet,Medak-502279
Phone: +91 84 5425 3446
Email: ipo@novaagri.in
Website: www.novaagri.in
Nova Agritech Ltd IPO Registrar
Nova Agritech Ltd IPO Lead Manager(s)
- Keynote Financial Services Ltd
- Bajaj Capital Ltd
FAQ
What is the issue size of Nova Agritech Ltd IPO?
I have pre-applied for Nova Agritech Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.