Nova Agritech IPO subscription is to open on Jan 23, 2024 and will close on Jan 25, 2024, the price band of the Nova Agritech IPO is fixed at ₹ ₹ 39 – ₹ 41.
Nova Agritech is an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach, wherein we mainly offer ecologically sustainable and nutritionally balanced products based on our Research and Development.
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About Nova Agritech
Nova Agritech is an agri-input manufacturer offering soil health management, crop nutrition and crop protection products focused on tech-based farmer driven solution approach, wherein we mainly offer ecologically sustainable and nutritionally balanced products based on our Research and Development.
Nova Agritech manufacture, distribute and market a wide range of product categories consisting of (a) soil health management products; (b) crop nutrition products; (c) bio stimulant products; (d) bio pesticide products (e) Integrated Pest Management products; (f) new technologies; and (g) crop protection products. Currently, the crop protection products are manufactured by our subsidiary Nova Agri Sciences Private Limited
Objects of the Issue
- Investment in subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant
- Funding Capital Expenditure by the company, towards expansion of the existing formulation plant
- Funding of working capital requirement of the company
- Investment in the subsidiary, Nova Agri Sciences Private Limited for funding working capital requirements
- General Corporate purposes
Nova Agritech Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in lakh) | ||
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
| Total Assets | 18,078.33 | 16,029.77 | 14,743.86 |
| Total income | 21,093.35 | 18,561.09 | 16,092.66 |
| Total Expenses | 18,277.00 | 16,716.64 | 15,225.53 |
| Profit After Tax | 2,048.95 | 1,368.93 | 630 |
Nova Agritech IPO Price – Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 35,075,693 Equity Shares of ₹ 10 (aggregating up to ₹ 143.81 Cr) |
| Issue Open Date | 23-Jan-2024 |
| Issue Close Date | 25-Jan-2024 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 39 – ₹ 41 |
| Face Value | ₹ 2 |
| Market Lot | 365 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 365 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | NOVAAGRI |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Nova Agritech IPO DRHP & RHP
Nova Agritech IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 365 | 14,965 |
| Maximum | 13 | 4745 | 194,545 |
Nova Agritech IPO Lead Managers
- Keynote Financial Services Limited
- Bajaj Capital Limited
Nova Agritech IPO Registrar
Nova Agritech IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 23-Jan-2024 |
| Bid / Offer Closes on | 25-Jan-2024 |
| Finalisation of Basis of Allotment | 25-Jan-2024 |
| Initiation of refunds | 29-Jan-2024 |
| Credit of the Equity Shares | 29-Jan-2024 |
| Listing Date | 30-Jan-2024 |
Company Registered and Corporate Office
Sy.No.251/A/1, Singannaguda Village,
Mulugu Mandal, Siddipet,
Medak, Telangana – 502279
Website: www.novaagri.in
Company Promoters
- Suraksha Agri Retails (India) Private Limited
- Yeluri Family Trust
- Malathi S
- Kiran Kumar Atukuri
Nova Agritech IPO – FAQS
What is the Nova Agritech IPO Price?
The Nova Agritech IPO price band is ₹ 39 – ₹ 41 per share
When Nova Agritech IPO will open?
The Nova Agritech IPO opens on Jan 23, 2024 and closes on Jan 25, 2024
What is the lot size of Nova Agritech IPO?
The Nova Agritech IPO lot size is 365 Equity Shares and the minimum order quantity is 365 Equity Shares
Who is the Registrar for Nova Agritech IPO?
The Registrar for Nova Agritech IPO is Bigshare Services Private Limited
How to apply in Nova Agritech IPO through UPI?
Check the step by step process here – Click here
How to apply in Nova Agritech IPO through Zerodha?
Check the step by step process here – Click here
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