Nova Agritech Limited IPO Details, date, Review, Price

Nova Agritech Limited IPO Details, date, Review, Price

OUR BUSINESS

We are an agri-input manufacturer offering soil health management, crop nutrition, and crop protection products focused on a tech-based farmer-driven solution approach, wherein we mainly offer ecologically sustainable and nutritionally balanced products based on the R&D. We manufacture, distribute, and market a wide range of product categories consisting of-

  1.  soil health management products.
  2.  crop nutrition product.
  3.  biostimulant products.
  4.  biopesticide products.
  5.  Integrated Pest Management (IPM) products.
  6.  new technologies.
  7.  crop protection products.

NOVA AGRITECH LIMITED IPO DATE & PRICE BAND DETAILS

IPO Open DateJan 23, 2024
IPO Close DateJan 25, 2024
IPO Size143.81 Crores
IPO Fresh Issue112.00 Crores
Offer For SaleApprox 7,758,620 Equity Share
IPO Face Value₹2 Per Share
IPO Price Band[.] to ₹[.]. Per Every Share
IPO Listing OnBSE and NSE
IPO Retail Quota77.00%
IPO QIB Quota79.31%
IPO NII Quota224.04%
IPO DiscountN/A
DRHP DraftClick Here
RHP DraftClick Here
Anchor InvestorClick here

NOVA AGRITECH LIMITED IPO MARKET LOT DETAILS

ApplicationLot SizeSharesAmount
Retail Minimum365365 Shares₹14,965
Retail Maximum--₹-
S-HNI Minimum-5,110 Shares₹2,09,510
B-HNI Minimum-24,455 Shares₹10,02,655

OBJECTS OF THE OFFER

a. Investment in our subsidiary, Nova Agri Sciences Private Limited for setting up a new formulation plant;
b. Funding Capital Expenditure in our Company, towards expansion of our existing formulation plant;
c. Funding of working capital requirements of our Company;
d. Investment in our subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements; and
e. General corporate purposes.

NOVA AGRITECH LIMITED IPO ALLOTMENT & LISTING DATE (DETAILS)

Price Band Announcement[.]
Anchor Investor Allotment[.]
IPO Open DateJan 23, 2024
IPO Close DateJan 25, 2024
Basis of AllotmentJan 29, 2024
Refunds[.]
Credit to Demat Account[.]
IPO Listing DateJan 31, 2024

NOVA AGRITECH LIMITED FINANCIAL REPORT

₹ in Crores
Year Revenue Expense PAT
2023 ₹210.93 ₹180.78 ₹20.49
2022 ₹185.61 ₹160.30 ₹13.69
2021 ₹160.93 ₹147.44 ₹6.30

OUR PROMOTERS

  • The Promoters of our Company are:
    1. Suraksha Agri Retails (India) Private Limited
    2. Malathi S
    3.Kiran Kumar Atukuri

QUALITATIVE FACTOR

Some of our qualitative factors and strengths which form the basis for computing the Offer Price are as follows:

1. One-stop solution for soil health management, crop nutrition, bio stimulant, biopesticides, Integrated PestManagement (IPM) and crop protection through a diversified branded product portfolio.
2. Established distribution network across various geographies through many dealers.
3. Strengthening farmer outreach through Nova Kisan Seva Kendra.
4. Technology-driven product development and marketing.
5. Focus on ecologically sustainable and nutritionally balanced products.
6. Experienced Management Team and Promoters.
7. Well Equipped Research & Development facility.

Basic & Diluted Earnings Per Equity Share (“EPS”)

Financial Year EndedBasic EPS (in ₹)Diluted EPS (in ₹)Weight
March 31, 20222.182.183
March 31, 20211.001.002
March 31, 20200.480.481
Weighted Average1.501.50
for the six months period ended September 30,2022*1.091.09N/A

NOVA AGRITECH LIMITED COMPANY CONTACT DETAILS

Sy.No.251/A/1, Singannaguda Village,
Mulugu Mandal, Siddipet Medak
Telangana – 502279
Tel: +91 84 54253446
E-mail: ipo@novaagri.in
Website:www.novaagri.in

NOVA AGRITECH LIMITED IPO REGISTAR

Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai –400093.
Tel.:+91 22 6263 8200
Contact Person: Jibu John
Email: ipo@bigshareonline.com
Website:www.bigshareonline.com

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