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

69.40 (69.27%)

52 Week High

94.00

52 Week Low

45.00

Last Update

19-Sep-2024 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

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

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

RoNW

32.08%

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

About The 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 - 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.

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.