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Nova Agritech IPO Dates, Price Band, Rating, GMP, Analysis, and Allotment Details 2024

Nova AgriTech IPO

The initial public offering (IPO) of Nova AgriTech will open for subscription on January 22 and close on January 24, it is comprised of fresh and offer-for-sale (OFS) issues of Rs.143.81 crore.  An investor can apply for the issue for a minimum of 365 shares and the listing will happen on January 30, 2024. 

#1. Quick Intro of Nova AgriTech Limited 

Nova AgriTech Limited (2007) is an agri-input manufacturer offering soil health management, crop nutrition, and crop protection products focused on tec tech-based farmer-driven solution approach. 

The product categories consist of soil health management, crop nutrition products, crop protection products, bio-pesticide, integrated pest management products, bio-stimulant products, etc.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Nova AgriTech 

The company intends to use the IPO Funds for the following purposes: 

  1. Investment in its subsidiary for setting up a new formulation plant. 
  2. Funding capital expenditure for expansion of plants.
  3. Funding of working capital requirement of the company
  4. General Corporate Purposes.

#3. Nova AgriTech Core Strength

  1. Established Distribution Network
  2. Technology-driven product development and marketing 
  3. Well-equipped research and Development Policy 
  4. Experienced promoters supported by the senior management team.
#4. Nova AgriTech IPO Review & Rating
Issue Size  Rs.143.81 Crore
Issue Price  Rs.39-41
Minimum Lot Size 365 Shares
Total Profit (March 2023)  Rs.20.49 Cr
ROE 38.27%
D/E 1.11
ROCE 27.25%
Listing on NSE & BSE
IPO Deliver Rating Three

 

#5. Nova AgriTech IPO Dates, Price Band & Details

Nova AgriTech IPO will open on January 22, 2024, and close on January 24, 2024. The IPO is to be listed on January 30, 2024.  

Type of issue Book Built Issue IPO
Issue Size Rs.143.81 Crore
Issue Price Rs.39-41
Face Value Rs.2 per share
IPO Open Date January 22, 2024
IPO Close Date January 24, 2024
IPO Allotment Date January 25, 2024
Refund Date January 29, 2024
Share Credit Date January 29, 2024
Listing Date January 30, 2024

 

#6. Nova AgriTech IPO Offer Details

Nova AgriTech IPO’s total issue size is 35,075,693 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 27,317,073 112.00
Offer for Sale (OFS) 7,758,620 31.81

 

#7. Nova AgriTech Financials Overview (Crore)

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category (Rs.) March 31, 2023 March 31, 2022 March 31, 2021
Total Revenue 210.93 185.61 160.93
Net Worth 63.88 43.19 29.43
Profit 20.49 13.69 6.30
Total Borrowings 70.96 64.27 51.10

 

#8. Nova AgriTech Quantitative Factor

The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.

Category March 31, 2023 March 31, 2022 March 31, 2021
EPS (Rs.) 3.27 2.18 1.00
RoNW (%) 32.08 31.69 21.41
NAV (Rs.) 10.19

 

#9. Nova AgriTech Comparison with Other Peer Companies

Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue 

(Rs. in Lakhs)

RoNW (%) EPS (Rs.)
Aries Agro 48,107.54 13.17 6.82
Aimco Pesticides 20,730.93 (4.52) (2.28)

 

#10. Nova AgriTech Company Promoters 

The company has three promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). 

Sr. No. Name of Promoters
01. Suraksha Agri Retails (India) Private Limited
02. Yeluri Family Trust
03. Malathi Sand Kiran Kumar Atukuri

 

#11. Nova AgriTech IPO Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  84.27
Post-issue

 

#12. Nova AgriTech IPO Reservation Details

Nova AgriTech IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
Retail Individual Investor (RII) Not more than 35% of the issue size
QIB Shares Offered Not more than 50% of issue size
NII (HNI) Shares Offered Not more than 15% of issue size

 

#13. Nova AgriTech IPO – Lot Size

An investor can apply for a minimum of 365 Shares in multiple thereof. Market lot sizes for the retail individual investors (RII) and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 365 14,965
Retail (Max.) 13 4,745 1,94,545
HNI (Min.) 14 5,110 2,09,510
HNI (Max.) 66 24,090 9,87,690

 

#14. Nova AgriTech IPO – Prospectus Copy

An investor can download/view the Nova AgriTech prospectus copy, which the company filed to SEBI, details are as follows. 

Nova AgriTech IPO Prospectus
Draft Red Herring Prospectus (DHRP)
Red Herring Prospectus (RHP)

 

#15. Nova AgriTech IPO Registra

Bigshare Services Private Limited

Phone No.: +91-22 6263 8200

E-Mail: ipo@bigshareonline.com

Website: www.bigshareonline.com

#16. Nova AgriTech IPO Lead Manager

#1. Keynote Financial Services Limited

#2. Bajaj Capital Limited

#17. Nova AgriTech IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Nova AgriTech IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Apply for IPO and select the ongoing IPO “Nova AgriTech  Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Nova AgriTech  Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Nova AgriTech Company Details

Nova AgriTech Limited 

Registered Office: Sy. No.251/A/1, Singannaguda Village, Mulugu Mandal, Siddipet, Medak, Telangana -502279.

Phone No: +91-84542 53446

Email: ipo@novaagri.in

Website: www.novaagri.in 

Investor Grievances/Compliance Officer: Neha Soni

#19. Nova AgriTech Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01. Nova Agri Sciences Private Limited
02. Nova Agri Seeds India Private Limited

 

#20. Nova AgriTech Company Board (Top 2)

Sr. No. Name of Directors
01. Adabala Seshagiri Rao
02. Malathi S

 

Nova AgriTech IPO – Frequently Asked Questions (FAQs)

#1. What is Nova AgriTech IPO?

Nova AgriTech brings its IPO of Rs. 143.81, on January 22, 2024, with a price band of Rs.39-41 per share.

 

#2. What is the Nova AgriTech IPO Open date?

Nova AgriTech IPO’s opening date is January 19, 2022.

 

#3. What is the Nova AgriTech IPO Close Date?

Nova AgriTech IPO’s closing date is January 24, 2024.

 

#4. What is the Nova AgriTech IPO Listing date?

Nova AgriTech’s IPO listing date is January 30, 2024.

 

#5. What is the Nova AgriTech IPO Minimum investment amount?

Nova AgriTech IPO’s minimum investment amount is Rs.14,965

 

#6. What is the Nova AgriTech IPO offer issue Size?

Nova AgriTech offers an issue size of Rs.143.81 Crore.

 

#7. What is the Nova AgriTech IPO Price Band?

Nova AgriTech’s IPO price band is Rs. 39-41.

 

#8. Is Nova AgriTech IPO mainboard IPO or SME IPO?

Nova AgriTech IPO is a mainboard IPO.

 

85 thoughts on “Nova Agritech IPO Dates, Price Band, Rating, GMP, Analysis, and Allotment Details 2024”

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