Nova Agri Tech Limited
Mainboard₹14,965 / 365 Shares
Nova Agri Tech Limited IPO Details
The Nova Agri Tech Limited IPO price band is set between ₹39-41 per equity share, with a face value of ₹2 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 23 Jan, 2024 and closes on 25 Jan, 2024. Investors can check the allotment status on 29 Jan, 2024, while the listing date is tentatively scheduled for 31 Jan, 2024.
The total issue size is Total ₹143.81 Cr :#Fresh Issue : 27,317,073 shares, aggregating up to ₹112.00 Cr. Stay tuned for the latest Nova Agri Tech Limited IPO review and GMP updates.
Nova Agri Tech Limited IPO Review, Rating & Analysis
Nova Agri Tech Limited IPO Review
NO REVIEWNova Agri Tech Limited IPO Rating
Nova Agri Tech Limited IPO Highlights
IPO Date
Jan 23, 2024 - Jan 25, 2024
Listing Date
31 Jan, 2024
Face Value
₹2 Per Equity Share
Price Band
₹39-41 per equity share
Lot Size
365 Shares
Fresh Issue
27,317,073 Shares
Offer for Sale
7,758,620 shares of ₹2
Listing At
BSE, NSE
Nova Agri Tech Limited IPO Lot Size
The minimum market lot for Nova Agri Tech Limited IPO is 365 shares with an application amount of ₹14,965. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 365 | ₹14,965 |
| Retail (Max) | 13 | 4745 | ₹1,94,545 |
| S-HNI (Min) | 14 | 5110 | ₹2,09,510 |
| S-HNI (Max) | 66 | 24090 | ₹9,87,690 |
| B-HNI (Min) | 67 | 24455 | ₹10,02,655 |
Nova Agri Tech Limited IPO Timeline
Issue Price
₹39-41 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Bigshare Services Pvt LtdLead Manager
Keynote Financial Services LtdBajaj Capital LimitedIssue Size
Total ₹143.81 Cr :#Fresh Issue : 27,317,073 shares(aggregating up to ₹112.00 Cr) +
#OFS : 7,758,620 shares of ₹2(aggregating up to ₹31.81 Cr)
Nova Agri Tech Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 180.78 | 210.93 | 20.49 | - | - | - |
| 31 Mar 22 | 160.30 | 185.61 | 13.69 | - | - | - |
| 31 Mar 21 | 147.44 | 160.93 | 6.30 | - | - | - |
All values are in ₹ Cr.
Nova Agri Tech Limited IPO Valuations
EPS Pre IPO
₹3.14/-EPS Post IPO
₹2.24/-PE Pre IPO
13.05PE Post IPO
18.27ROE
-ROCE
-Debt Equity
-RoNW
32.08%PAT Margin
-Price to Book Value
-Promoters & Share Holding
Promoter(s) Name
- Suraksha Agri Retails (India) Private Limited
- Malathi S
- Kiran Kumar Atukuri
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 84.27% | 59.39% |
About Company
Nova Agri Tech Limited manufactures products that help farmers grow crops better. The main focus is on three things: Soil health, plant nutrition and crop protection. The products are manufactured using technology and are designed to be environmentally friendly and nutritious. The company collaborates with farmers to gain insight into their needs and develop customized solutions that meet their requirements.
The company manufactures, distributes and markets a broad range of product categories, including (a) soil health products, (b) crop nutrition products, (c) biostimulants, (d) biopesticides, (e) integrated pest management (IPM) products, (f) new technologies and (g) crop protection products. The subsidiary Nova Agri Sciences Private Limited is currently responsible for the production of crop protection products.
As of January 31, 2023, the company has received a total of 629 product registrations. These registrations are divided into four categories, namely soil health management, plant nutrition, biopesticides and crop protection. These include 7 registrations in the soil health management category, 168 registrations in the plant nutrition category, 4 registrations in the biopesticide category and 450 registrations in the crop protection category.
By January 31, 2023, the company has 13 Kisan Mitras and 253 Kisan Sevaks at its base.
As on January 31, 2023, the Company has a team of 32 NKSK Coordinators, all of whom have a degree in Agricultural Sciences and are on the Company's payroll.The NKSK program comprises three levels: NKSK Coordinators, Kisan Mitras and Kisan Sevaks. This ensures personal contact with the farmers at the grassroots level.
The company employs 215 people in its sales team. They manage brand sales, distribution channels, and product promotion.
Nova Agri Tech Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 7,015,139 | 5,261,354 3,507,569 1,753,785 | 12,276,492 | 24,552,985 |
Day 1 -23-01-24 05:00 PM | 0.62 x | 14.68 10.68 x 22.70 x | 12.77 x | 9.75 x |
Day 2 -24-01-24 05:00 PM | 1.12 x | 71.21 61.05 x 91.54 x | 36.24 x | 33.85 x |
Day 3 -25-01-24 05:00 PM | 79.31 x | 224.04 222.52 x 227.09 x | 77.00 x | 109.31 x |
Frequently Asked Questions about Nova Agri Tech Limited IPO
When will Nova Agri Tech Limited IPO open for subscription?
The Nova Agri Tech Limited IPO opens on 23 Jan, 2024 and closes on 25 Jan, 2024.
What is the investors portion for Nova Agri Tech Limited IPO?
The investors' portion for QIB is 79.31 x, NII is 222.52 x, and Retail is 77.00 x.
How to apply for Nova Agri Tech Limited IPO?
You can apply for Nova Agri Tech Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Nova Agri Tech Limited IPO?
The issue size of Nova Agri Tech Limited IPO is approx ₹Total ₹143.81 Cr :#Fresh Issue : 27,317,073 shares(aggregating up to ₹112.00 Cr) +#OFS : 7,758,620 shares of ₹2(aggregating up to ₹31.81 Cr) crores.
What is the price band of Nova Agri Tech Limited IPO?
The price band for Nova Agri Tech Limited IPO is ₹39 to ₹41 per equity share.
What is the lot size of Nova Agri Tech Limited IPO?
The minimum bid (lot size) for Nova Agri Tech Limited IPO is N/A shares with an investment of approx ₹14,965 .
What is the allotment date of Nova Agri Tech Limited IPO?
The allotment date for Nova Agri Tech Limited IPO is 29 Jan, 2024.
What is the listing date of Nova Agri Tech Limited IPO?
The listing date for Nova Agri Tech Limited IPO is expected to be 31 Jan, 2024.
What is the GMP of Nova Agri Tech Limited IPO?
The latest Grey Market Premium (GMP) for Nova Agri Tech Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.