Nova Agritech Ltd. IPO

Nova Agritech Ltd.

IPO Listing Details

Listed On


Listed On

Issue Price


Issue Price

Listing Price


Listing Price

Listing Gains

+₹15.00 (+36.59%)

Listing Gains

IPO Details

Bidding Dates

23 Jan - 25 Jan '24

Bidding Dates

Min. Investment


Min. Investment

Lot Size


Lot Size

Price Range

₹39 - ₹41

Price Range

Issue Size

99 Cr

Issue Size

Subscription Rate

  • Retail Individual Investor
  • Non-Institutional Investor
  • Qualified Institutional Buyers
  • Employees

About Company

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.

Important Dates - Nova AgriTech IPO

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
Listing date 31st January 2024

Why should you invest in Nova Agritech Ltd. IPO?

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 Grey Market Premium

Date GMP
20th January Rs.20
19th January Rs.20


Nova AgriTech IPO Noteworthy Highlights

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:

  • Funding capital expenditures in the company for the development of the current formulation plant
  • Investment in the subsidiary
  • Financing the company's working capital needs
  • Financing working capital needs through an investment in Nova Agri Sciences Private Limited

Nova Agritech Ltd. IPO - SWOT Analysis


  1. One-Stop Shop for Soil Health Management: The company has evolved into a one-stop shop for all farming consumers by providing a wide range of items pertaining to crop protection and soil nutrition.
  2. Robust Distribution Network: The business has 11,722 dealers operating under it, 6769 of whom actively sold the company's goods in FY23.


  1. Negative Cash Flows: The company has only declared Net Positive Cash Flow once in the last three years of commercial operations. This can be the outcome of using cash to settle debt in order to reduce the balance sheet's leverage. 
  2. Licences and permissions are necessary: The business sector mandates that the Company apply for licences on a continual basis for each product they offer. The company currently has 720 goods and plans to apply for many more, which will result in increased expenses.


  1. Skilled Managers & Promoters: The company is managed by seasoned experts with extensive experience in the field. With over 23 years of experience in agrichemical, seed, and fertiliser companies, Kiran Kumar Atukuri is the promoter.
  2. Well-equipped research and development centre: The business has already bought a sizable plot of land to use as its testing and development centre. In addition, the business invests between 0.5% and 1% on R&D on average.


  1. Risk of Defaults: In the event of a poor farming year, the Company, as a product provider to farmers, is always vulnerable to a high default rate. The company made provisions for approximately 10% of its trade receivables, which totaled Rs. 129 Cr as of H1FY24. This indicates that the company anticipates not having this money come back into the company. 
  2. Risk of policy changes: The government provides subsidies to the agriculture industry. Regulations are subject to change, which could have a big impact on companies by reducing or eliminating subsidies. 

Financial Snapshot - Nova AgriTech IPO

Check out the financial performance of Nova AgriTech for recent years:

Financial Year Total Assets Total Revenues Net Profit
March 2021 Rs 147.44 crore Rs 160.93 crore Rs 6.30 crore
March 2022 Rs 160.30 crore Rs 185.61 crore Rs 13.69 crore
March 2023 Rs 180.78 crore Rs 210.93 crore Rs 20.49 crore

How to apply for Nova Agritech Ltd. IPO?

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.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Nova Agritech Ltd. click here.
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Nova Agritech Ltd. IPO FAQs

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).


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