BSE & NSE
23 Jan - 25 Jan '24
₹39 - ₹41
Nova AgriTech Limited was established in Hyderabad in May 2007 and produces tools to aid farmers in improving crop growth. Three primary areas are prioritised: crop protection, plant nutrition, and soil health. Technology is used in the manufacturing process to create nutrient-dense, ecologically friendly products. The business works with farmers to understand their needs and create solutions that are specifically tailored to their specifications.
The company produces, supplies, and sells a wide range of products, such as (a) products for soil health, (b) products for crop nutrition, (c) biostimulants, (d) biopesticides, (e) products for integrated pest management (IPM), (f) novel technologies, and (g) products for crop protection. Crop protection products are currently produced by the subsidiary Nova Agri Sciences Private Limited.
|Application opens on
|23rd January 2024
|Last date of application
|25th January 2024
|Date of Allotment
|29th January 2024
|Refund begins from
|30th January 2024
|Credit of shares to Demat
|30th January 2024
|31st January 2024
The business produces agri-input technology-based goods and has seen an increase in its financial performance over the previous three fiscal years. FY24's H1 shows modest growth, which suggests static performance. Looking at the issue's annualised earnings for FY24, it looks fully priced. Knowledgeable investors can set aside money for medium- to long-term gains.
Nova AgriTech IPO is a book-built issue of Rs 143.81 crores. The issue is a combination of fresh issue of 2.73 crore shares aggregating to Rs 112.00 crores and offer for sale of 0.78 crore shares aggregating to Rs 31.81 crores.
The following is the proposed use of the net proceeds of the fresh offer:
Check out the financial performance of Nova AgriTech for recent years:
|Rs 147.44 crore
|Rs 160.93 crore
|Rs 6.30 crore
|Rs 160.30 crore
|Rs 185.61 crore
|Rs 13.69 crore
|Rs 180.78 crore
|Rs 210.93 crore
|Rs 20.49 crore
You can apply for the Nova Agritech Ltd. IPO in these ways:
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
What are the opening and closing dates for Nova AgriTech IPO?
Nova AgriTech IPO will open for subscription on January 23, 2024 and close on January 25, 2024.
What is the price band for Nova AgriTech IPO?
The price band for Nova AgriTech IPO is ₹39 to ₹41 per share.
Who is taking part in the OFS?
Participating in the anchor book are AG Dynamic Funds limited, Saint Capital Fund, Neomile Growth Fund, and Quantum-State Investment Fund.
What is the minimum and maximum lot size for the Nova AgriTech IPO?
Nova AgriTech IPO lot size is 365 Shares, and the minimum amount required is ₹14,965
What will be the promoter shareholding in Nova AgriTech after the IPO?
Kiran Kumar Atukuri, Malathi S, and Suraksha Agri Retails (India) Private Limited marketed the company. The promoters currently own 84.27% of the company; after the IPO, this will drop to 59.39%.
Who are Nova AgriTech IPO Lead Managers?
Keynote Financial Services Limited and Bajaj Capital Limited are the book-running lead managers for the offer.
Who is the registrar of the issue?
BigShares Services Private Limited is the registrar for Nova AgriTech IPO.
When will the Nova AgriTech IPO allotment take place?
The finalisation of the basis of allotment for Nova AgriTech IPO will be done on January 29 2024, and the allotted shares will be credited to investors’ demat accounts by January 30.
When and where will the Nova AgriTech shares be listed?
The equity shares of Nova AgriTech are proposed to be listed on January 31,2024, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).