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Nova AgriTech Ltd.

Nova AgriTech Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹41
₹41
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹41
Based on GMP
Min. Investment
₹14,965
1 lot × 365 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
23 Jan 2024
Close Date
25 Jan 2024
Allotment
29 Jan 2024
Listing Date
31 Jan 2024
Exchange
NSE & BSE
Price Band
₹41
Listing Price
See chart
Allotment Status
Price Band
₹41
Per share
Face Value
₹2 per share
 
Lot Size
365 Shares
per lot
Issue Size
3,50,75,693 shares (aggregating up to ₹143.81 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,965
1 lot
Pre-IPO Holding
6,52,02,740 shares
Promoters
Post-IPO Holding
9,25,19,813 shares
Promoters
P/E (Pre)
13.05x
 
P/E (Post)
18.27x
 
EPS (Pre)
₹3.14
 
EPS (Post)
₹2.24
 
UPI Deadline
2024-01-25
Mandate
Anchor AllotmentFri, 19 Jan 2024
Basis of AllotmentMon, 29 Jan 2024
Refund InitiationTue, 30 Jan 2024
Demat CreditTue, 30 Jan 2024
Listing DayWed, 31 Jan 2024
UPI Mandate Deadline2024-01-25
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares2,73,17,073 shares (aggregating up to ₹112.00 Cr)
Offer for Sale77,58,620 shares of ₹2 (aggregating up to ₹31.81 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Nova AgriTech Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 25 Jan 2024.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
35,075,693
100% ₹143.81
IPO Shares Offered
Nova AgriTech Ltd. IPO total issue size: ₹143.81 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 35,075,693 ₹143.81
100.00%
* Based on upper price band ₹41 per share
Lot Size & Investment
Lot Size
365
Shares per Lot
Issue Price
₹41.00
Upper Band
Min Investment
₹14,965
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2730₹29,930
Retail (Max — 13 Lots)134,745₹194,545
S-HNI (Min — 14 Lots)145,110₹209,510
B-HNI (Min — 68 Lots)6824,820₹1,017,620
* Issue Price ₹41 × Lot Size 365 shares
IPO Schedule
Anchor
19 Jan 2024
✓ Done
IPO Open
23 Jan 2024
✓ Done
IPO Close
25 Jan 2024
✓ Done
Allotment
29 Jan 2024
✓ Done
Refunds
30 Jan 2024
✓ Done
Demat Credit
30 Jan 2024
✓ Done
Listing Day
31 Jan 2024
✓ Done
Nova AgriTech Ltd. — Live Price LIVE
₹41.00
INR · BSE
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Issue ₹41.00 Live Price
About Nova AgriTech Ltd.
Founded in Hyderabad in May 2007, Nova AgriTech 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.
Objects of the Issue
1
Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant;
2
Funding Capital Expenditure in the Company, towards expansion of the existing formulation plant;
3
Funding of working capital requirements of the company;
4
Investment in the subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements; and
5
General corporate purposes.
Nova AgriTech Ltd. Financials (Amount In Crore)
Revenue from Operations
₹185.6
22 Mar 2022
₹210.9
31 Mar 2023
₹103.2
30 Sep 2023
Profit After Tax (PAT)
₹13.7
22 Mar 2022
₹20.5
31 Mar 2023
₹10.4
30 Sep 2023
Particulars30 Sep 202331 Mar 202322 Mar 2022
Revenue from Operations 103.24 210.93 185.61
EBITDA N/A N/A N/A
Profit After Tax (PAT) 10.38 20.49 13.69
Net Worth 74.23 63.88 43.19
Total Assets 196.37 180.78 160.30
Reserves & Surplus 60.97 50.59 30.10
Borrowings 68.50 70.96 64.27
EBITDA Margin (%) N/A
PAT Margin (%) N/A
P/BV Ratio
4.06
RoE
38.27%
RoCE
27.25%
RoNW
32.08%
Debt/Equity
1.11
Issue Structure & Shareholding
Total Shares Offered3,50,75,693 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding6,52,02,740 shares
Post-Issue Promoter Holding9,25,19,813 shares
P/BV Ratio4.06
RoE38.27%
RoCE27.25%
Debt / Equity1.11
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Keynote Financial Services Ltd.
Bajaj Capital Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Nova AgriTech Ltd. IPO subscribed?

Nova AgriTech Ltd. IPO is subscribed 1.00 times by Jan 25, 2024. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Nova AgriTech Ltd. IPO retail subscription status?

The Nova AgriTech Ltd. IPO retail category is subscribed 1.00 times as of 25 Jan 2024. The retail portion is oversubscribed.

How to subscribe Nova AgriTech Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 23 Jan 2024 and closes 25 Jan 2024. Min investment: ₹14,965 (1 lot = 365 shares). UPI mandate: 2024-01-25.

How many times Nova AgriTech Ltd. IPO subscribed?

The Nova AgriTech Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Nova AgriTech Ltd. IPO allotment?

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 29 Jan 2024. Refunds: on 30 Jan 2024.

When Nova AgriTech Ltd. IPO will be listed?

The Nova AgriTech Ltd. IPO listing date is 31 Jan 2024, Wednesday. Listed on: NSE & BSE. Issue price: ₹41. Estimated listing: ₹41. GMP: NIL.

When Nova AgriTech Ltd. IPO close?

The Nova AgriTech Ltd. IPO closes on 25 Jan 2024, Thursday. UPI mandate: 2024-01-25. Allotment: 29 Jan 2024. Listing: 31 Jan 2024.