Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Nova Agri Tech IPO is going to open soon. So I will give you complete information about Nova Agri Tech IPO here on IPO India.
On this article I will inform you about Nova Agri Tech IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Nova Agri Tech Limited
Founded in Hyderabad in May 2007, Nova Agritech Limited is dedicated to increasing crop yields for farmers by manufacturing products that prioritize soil health, plant nutrition and crop protection. Using state-of-the-art technology, the company ensures that its products are not only environmentally friendly but also nutritionally rich. Nova Agritech collaborates closely with farmers, tailoring solutions to their specific needs and leveraging insights to develop customized agricultural products.
Nova Agritech’s product portfolio spans various categories, including soil health products, crop nutrition products, biostimulants, biopesticides, integrated pest management (IPM) products, new technologies and crop protection products. A subsidiary, Nova Agri Sciences Pvt Ltd, focuses on manufacturing crop protection products. The company’s commitment to innovation and sustainability is further exemplified by the achievement of 629 product registrations by January 31, 2023, across the soil health management, plant nutrition, biopesticides and crop protection categories.
As part of its comprehensive outreach programme, Nova Agritech has a strong team of 13 Kisan Mitra and 253 Kisan Sevaks, ensuring direct engagement with farmers at the grassroots level. The NKSK programme, which includes NKSK coordinators, Kisan Friends and Kisan Sevaks, facilitates personal engagement with farmers. In addition, the company’s sales team, comprising 215 dedicated professionals, actively manages brand sales, distribution channels and product promotions, contributing to Nova Agritech’s dominant presence in the agricultural sector.
Nova Agri Tech IPO GMP
| Exp. Premium (GMP) | ₹[_] per Share |
About Nova Agri Tech IPO
Here is some information about Nova Agri Tech IPO which will help you in making a decision to invest in Nova Agri Tech IPO. It appears to be a book-built offer with a total value of Rs 143.81 crore, including 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.
Summary of the key details
- Issue Size: Rs 143.81 crores
- Offer for Sale: 35,075,693 shares
- Subscription Period: January 22, 2024 to January 24, 2024
- Allotment Date: January 25, 2024
- Listing Date: January 30, 2024
Price Range of Nova Agri Tech IPO
- ₹39 to ₹41 per share
Lot Size of Nova Agri Tech IPO
- Minimum Lot: 365 Shares.
- Minimum Investment for Retail Investors: ₹14,965
Minimum Lot Size Investments for Nova Agri Tech IPO
- S-HNI: 14 lots (5110 shares), amounting to ₹2,09,510
- B-HNI: 67 lots (24,455 shares), amounting to ₹10,02,655
This information provides potential investors with the details they need to participate in the Nova Agri Tech IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
To Open a trading and demat account in Zerodha
Nova Agri Tech IPO
| Open Date | January 22, 2024 |
| Close Date | January 24, 2024 |
| Allotment Date | January 25, 2024 |
| Listing Date | January 30, 2024 |
| Face Value | ₹2 Per Equity Share |
| Issue Price | ₹39-41 Per Equity Share |
| Issue Size | 35,075,693 shares (Aggregating up to ₹143.81 Cr) |
| Market Lot (Min. Amount) | Retail: 365 Shares (₹14,965/-) S-HNI: 5110 Shares (₹2,09,510/-) B-HNI: 24,455 Shares (₹10,02,655/-) |
| Listing at Group(s) | BSE, NSE |
| Lead Manager | Keynote Financial Services Ltd Bajaj Capital Limited |
| Register | Bigshare Services Pvt Ltd |
| Retail Portion | 35% |
To know more about IPOs.
Valuations of Nova Agri Tech IPO
| Earnings Per Share (EPS) | ₹3.14/- |
| P/E Ratio | 13.05 |
| RoNW | 32.08% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹N/A |
Nova Agri Tech Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 2023 | 196.37 | 103.24 | 10.38 | 74.23 | 60.97 | 68.50 |
| 31 Mar 2023 | 180.78 | 210.93 | 20.49 | 63.88 | 50.59 | 70.96 |
| 31 Mar 2022 | 160.30 | 185.61 | 13.69 | 43.19 | 30.10 | 64.27 |
| 31 Mar 2021 | 147.44 | 160.93 | 6.30 | 29.43 | 16.41 | 51.10 |
Promoter(s)
| Pre Issue Share Holding | 84.27% |
| Post Issue Share Holding | 59.39% |
Company Promotor(s):-
- Suraksha Agri Retails (India) Private Limited
- Malathi S
- Kiran Kumar Atukuri
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 38.27% |
| ROCE | 27.25% |
| Debt/ Equity | 1.11 |
| RoNW | 32.08% |
| P/BV | 4.06 |
Issue Objective(s)
- Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant
- Funding Capital Expenditure in the Company, toward expansion of the existing formulation plant
- Funding of working capital requirements of the company
- Investment in the subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements
- General corporate purposes
Nova Agri Tech IPO Registrar
| Name | Bigshare Services Pvt Ltd |
| Phone | +91-22-6263 8200 |
| ipo@bigshareonline.com | |
| Website | https://ipo.bigshareonline.com/ipo_status.html |
Nova Agri Tech IPO Review
Update Soon
Conclusion
Hello, fellow finance enthusiasts! Brace yourself for an exciting investment prospect on the horizon – the Nova AgriTech IPO is all set to roll out soon. In this comprehensive article on IPO India, we will provide information on Nova Agri Tech IPO Date, Price, GMP, Review and Top 3 IPOs to invest in. Let’s jump right in.
Nova Agritech Limited, established in Hyderabad in May 2007, is committed to increasing crop yields by prioritizing soil health, plant nutrition and crop protection through technologically advanced and environmentally friendly products. By collaborating closely with farmers, the company develops solutions ensuring nutritionally rich results.
Nova Agritech’s broad product portfolio spans various categories, including soil health, crop nutrition, biostimulants, biopesticides, integrated pest management, new technologies and crop protection products. As of January 31, 2023, the company has secured an impressive 629 product registrations across various categories, underlining its commitment to innovation and sustainability.
The Nova Agri Tech IPO is expected to be a book-built offering, with a total value of Rs. 143.81 crore is the performance. In this Rs. 112.00 crore fresh issue of 2.73 crore shares and Rs. 31.81 crore comprising an offer for sale of 0.78 crore shares. The IPO subscription period is scheduled from January 22, 2024 to January 24, 2024, with an allotment date of January 25, 2024 and a listing date of January 30, 2024. With a price range of ₹39 to ₹41 per share and a minimum lot size of 365 shares, retail investors can participate with a minimum investment of ₹14,965.
The objective of the IPO is to raise capital for setting up a new formulation plant, expansion of the existing formulation plant and meeting working capital requirements in subsidiary Nova Agri Sciences Pvt. As potential investors, it is important to do your research or seek advice from financial professionals considering the inherent risks associated with IPO investments. Stay tuned for updates on Nova Agri Tech IPO as we bring you the latest information on this exciting investment opportunity.
Nova Agri Tech IPO FAQs
When Nova Agri Tech IPO is coming?
The Nova AgriTech IPO opens on January 22, 2024 and closes on January 24, 2024.
What is the lot size of Nova Agri Tech IPO?
Nova AgriTech IPO lot size is 365 Shares, and the minimum amount required is ₹14,965.
When Nova Agri Tech IPO Allotment?
The finalization of Basis of Allotment for Nova AgriTech IPO will be done on Thursday, January 25, 2024, and the allotted shares will be credited to your demat account by Monday, January 29, 2024.