Nova Agri Tech Limited IPO

Mainboard

Fertilizers

Listed On: Jan 31, 2024 at ₹ 55.0(NSE)

₹ 14965 /365 Shares

Check Allotment

Price Summary

Last Closing

47.99 (17.05%)

52 Week High

94.00

52 Week Low

40.40

Last Update

28-Apr-2025 3:30 PM

Nova Agri Tech Limited IPO Details

23 Jan, 2024

Open Date

25 Jan, 2024

Close Date

29 Jan, 2024

Allotment Date

31 Jan, 2024

Listing Date

Issue Price

₹39-41 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Bigshare Services Pvt Ltd

List Price

55.0(NSE)

Listing Date

2024-01-31

Market Lot

Retail : 365 Shares (₹14,965/-)
sHNI : 5,110 Shares (₹2,09,510/-)
bHNI : 24,455 Shares (₹10,02,655/-)

Lead Manager

Keynote Financial Services Ltd
Bajaj Capital Limited

Issue 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)

Retail Portion

35% (Number of Retail Applications: 33,634 Approx),
(Number of S-HNI Applications : 343 Approx),
(Number of B-HNI Applications : 686 Approx)

Subscription

109.31 times

IPO Docs

DRHP RHP

The IPO of Nova Agri Tech Limited is priced at ₹39-41 per equity share, which has a face value of ₹2 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Bigshare Services Pvt Ltd is the registrar of the issue.

Nova Agri Tech Limited IPO bid opening date is from Jan 23, 2024 and the bid closing date was Jan 25, 2024.
Nova Agri Tech Limited IPO allotment result will be available on Jan 29, 2024. The tentative listing date for Nova Agri Tech Limited is Jan 31, 2024.

The total issue size is 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).

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

Total No. of Applications: 25,35,347 (Approx)

Nova Agri Tech Limited Valuations

EPS Pre IPO

₹3.14/-

EPS Post IPO

₹2.24/-

P/E Pre IPO

13.05

P/E Post IPO

18.27

ROE

38.27%

ROCE

27.25%

Debt/Equity

1.11

RoNW

32.08%

Price to Book Value

4.06

Nova Agri Tech Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	180.78	160.30	147.44
Revenue	210.93	185.61	160.93
Profit After Tax	20.49	13.69	6.30
Net Worth	63.88	43.10	29.43
Reserves & Surplus	50.59	30.10	16.41
Total Borrowing	70.96	64.27	51.10

About The Company

Founded in May 2007, Hyderabad, Nova AgriTech Limited produces products that aid farmers to cultivate crops better. Three main focuses have been developed in this: soil health, plant nutrition, and crop protection. Technology-based manufacturing processes for these products aim at making the products more eco-friendly and nutritious. It consults farmers about their needs and then designs the product for that specific purpose to fulfill the farmer's needs.

The company produces, distributes, and markets wide ranges of product categories that include the following: (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. Crop protection products are the ones produced in the subsidiary of Nova Agri Sciences Private Limited.

As of 31 January 2023, the company had received a cumulative total of 629 product registrations. These comprised four categories - soil health management, plant nutrition, biopesticides and crop protection. These consist of 7 registrations in soil health management category, 168 registrations in plant nutrition category, 4 in the biopesticide category, and 450 in the crop protection category.By January 31, 2023, the company has 13 Kisan Mitras and 253 Kisan Sevaks at its base.By 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 has three levels: NKSK Coordinators, Kisan Mitras and Kisan Sevaks. This ensures personal contact with the farmers at the grassroots level.

The sales force staff is at 215 people and operates on the many brands, distribution channels, and product promotion made.

Nova Agri Tech Limited - Promoter(s)

Pre Issue Share Holding: 84.27%

Post Issue Share Holding: 59.39%

Company Promoter(s)

Suraksha Agri Retails (India) Private Limited
Malathi S
Kiran Kumar Atukuri

Nova Agri Tech Limited IPO - Issue Objectives

Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant
Funding Capital Expenditure in the Company, towards 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 Limited IPO - Anchor Investors

Nova Agritech IPO: Company raises Rs 43.14 crore via anchor book.

AG Dynamic Funds is the biggest investor amongst them, buying nearly Rs 13 crore equity shares in the company, while Neomile Growth Fund - Series I, Saint Capital Fund, and Quantum-State Investment Fund picked more than Rs 10 crore worth shares each.

Other Details

Company Contact Details

Nova Agri Tech Limited

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

Phone: +91 84 54253446

Email: ipo@novaagri.in

Website: https://novaagri.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com

Website: https://ipo.bigshareonline.com/ipo_status.html

Nova Agri Tech Limited IPO - FAQs

Ans. Nova Agri Tech Limited IPO is a Mainboard IPO. The issue is priced at ₹39-41 per equity share. The minimum order quantity is 365 Shares. The IPO opens on Jan 23, 2024, and closes on Jan 25, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Nova Agri Tech Limited IPO opens on Jan 23, 2024 and closes on Jan 25, 2024.

Ans. The size of Nova Agri Tech Limited IPO is 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).

Ans. The IPO price band is set between ₹39-41 per equity share.

Ans. To apply for Nova Agri Tech Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Nova Agri Tech Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Nova Agri Tech Limited IPO is Jan 29, 2024.

Ans. The Nova Agri Tech Limited IPO will be listed on Jan 31, 2024.

Ans. Follow the steps to check the allotment status for Nova Agri Tech Limited IPO here.