Nova AgriTech Limited IPO
Nova AgriTech Limited IPO bidding starts from January 23, 2024 and ends on January 25, 2024. The allotment for the Nova AgriTech Limited IPO is expected to be finalized on January 29, 2024. Nova AgriTech Limited IPO will list on BSE, NSE with tentative listing date fixed as January 31, 2024. Nova AgriTech Limited IPO 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.
Important Dates:-
Particulars | Value |
---|---|
Open Date:- | January 23, 2024 |
Close Date:- | January 25, 2024 |
Allotment Date:- | January 29, 2024 |
Listing Date:- | January 31, 2024 |
About Nova AgriTech Limited :-
Established in May 2007 in Hyderabad, Nova AgriTech Limited is dedicated to enhancing crop growth for farmers through the production of environmentally friendly and nutritious products. The company focuses on three core aspects: soil health, plant nutrition, and crop protection. Employing technology, Nova AgriTech collaborates with farmers to create tailored solutions based on their specific needs.
Nova AgriTech engages in the manufacturing, distribution, and marketing of various product categories, including soil health products, crop nutrition products, biostimulants, biopesticides, integrated pest management (IPM) products, new technologies, and crop protection products. The subsidiary, Nova Agri Sciences Private Limited, is currently responsible for producing crop protection products.
As of January 31, 2023, the company has secured a total of 629 product registrations, classified into four categories: soil health management (7 registrations), plant nutrition (168 registrations), biopesticides (4 registrations), and crop protection (450 registrations).
By January 31, 2023, Nova AgriTech has a team of 13 Kisan Mitras and 253 Kisan Sevaks, facilitating personalized interactions with farmers at the grassroots level. Additionally, the company employs 32 NKSK Coordinators, all holding degrees in Agricultural Sciences and on the company's payroll. The NKSK program operates on three levels: NKSK Coordinators, Kisan Mitras, and Kisan Sevaks.
The sales team, consisting of 215 members, oversees brand sales, distribution channels, and product promotion for the company.
Contact Details :-
Address:- Nova AgriTech Limited Sy.No.251/A/1, Singannaguda Village Mulugu Mandal Siddipet, Medak- 502279
Phone:- +91 84 54253446
E-mail:- ipo@novaagri.in
Website:- https://novaagri.in/
IPO Details :-
Particulars | Value |
---|---|
IPO Type:- | Mainline |
Price:- | ₹39 to ₹41 |
Lot Size:- | 365 |
Minimum Amount for 1 Lot:- | ₹14,965 |
Listing At:- | BSE, NSE |
Total issue of Shares:- | 3,50,75,693 |
Total issue Size:- | ₹143.81 Crore |
Fresh issue of Shares:- | 2,73,17,073 |
Fresh issue Size:- | ₹112 Crore |
Offer for Sale issue of Shares:- | 77,58,620 |
Offer for Sale issue Size:- | ₹31.81 Crore |
Face Value:- | ₹2 per Equity Share |
Retail Quota:- | 35% |
QIB Quota:- | 50% |
NII Quota:- | 15% |
Financial Information :-
Amount in ₹ Crore
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 |
Key Performance Indicator :-
Particulars | Value |
---|---|
Market Cap (₹ in Crore):- | 379 |
ROE:- | 38.27% |
ROCE:- | 27.25% |
Debt/Equity:- | 1.11 |
RoNW:- | 32.08% |
IPO Prospectus :-
Particulars | Link |
---|---|
Nova AgriTech Limited IPO DHRP:- | Click Here |
Nova AgriTech Limited IPO RHP:- | Click Here |
GMP :-
GMP Date | GMP | Estimated Listing Price | Estimated Listing Gain |
---|---|---|---|
23-01-2024 | ₹20 | ₹61 | 48.78% |
24-01-2024 | ₹20 | ₹61 | 48.78% |
25-01-2024 | ₹20 | ₹61 | 48.78% |
26-01-2024 | ₹23 | ₹64 | 56.1% |
27-01-2024 | ₹23 | ₹64 | 56.1% |
28-01-2024 | ₹23 | ₹64 | 56.1% |
29-01-2024 | ₹23 | ₹64 | 56.1% |
30-01-2024 | ₹13 | ₹54 | 31.71% |
31-01-2024 | ₹13 | ₹54 | 31.71% |
Subscription Details :-
Date | QIB | NII | Retail | Total |
---|---|---|---|---|
January 23, 2024 | 0.63 | 15.37 | 13.68 | 10.31 |
January 24, 2024 | 1.14 | 74.24 | 38.16 | 35.32 |
January 25, 2024 | 81.13 | 233.03 | 80.20 | 113.21 |
Listing Details :-
Particulars | Value |
---|---|
Listing Date:- | January 31, 2024 |
BSE Script Code:- | 544100 |
NSE Symbol :- | NOVAAGRI |
ISIN:- | INE02H701025 |
Final Issue Price:- | ₹41 |
Open:- | ₹56.00 |
Low:- | ₹55.00 |
High:- | ₹58.79 |
Close:- | ₹58.79 |
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