Tuesday, May 7, 2024

Nova Agri Tech IPO Date, Review, Price, Allotment Details

Nova Agritech is an agri-input producer providing soil well being control, crop vitamin, and crop coverage merchandise enthusiastic about a tech-based farmer-driven resolution means, through which they basically be offering ecologically sustainable and nutritionally balanced merchandise in response to the R&D. They manufacture, distribute, and marketplace quite a lot of product classes consisting of (a) soil well being control merchandise; (b) crop vitamin merchandise; (c) biostimulant merchandise; (d) biopesticide merchandise (e) Integrated Pest Management (IPM) merchandise; (f) new applied sciences; and (g) crop coverage merchandise. Currently, the crop coverage merchandise are manufactured via their subsidiary Nova Agri Sciences Private Limited.

As of January 31, 2023, they have got won a complete of 629 product registrations comprising 7 registrations within the soil well being control class, 168 registrations within the crop vitamin class, 4 registrations within the bio pesticide class, and 450 registrations within the crop coverage class. All of the 450 registrations within the crop coverage class are within the identify of Nova Agri Sciences Private Limited. Further, they have got carried out for 53 registrations for brand spanking new merchandise throughout more than a few classes within the identify of Nova Agri Sciences Private Limited (NASPL) and 26 new registrations within the identify of Nova Agritech Limited (NATL).

Nova Agritech has a complete broker community comprising roughly 10,900 sellers out of which roughly 6200 sellers are energetic to whom they have got dispensed and bought their merchandise all through the present monetary yr. Their broker community is recently unfold throughout 16 states of India particularly Andhra Pradesh, Telangana, Maharashtra, Karnataka, Madhya Pradesh, Rajasthan, Chhattisgarh, Tamil Nadu, Uttar Pradesh, Odisha, West Bengal, Bihar, Gujarat, Jharkhand, Uttarakhand and Jammu & Kashmir and 02 in Nepal. They have additionally entered into advertising, distribution, and provide agreements with positive 3rd events in Bangladesh, Sri Lanka, and Vietnam and are recently anticipating the vital permission to start out trade in those jurisdictions.

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Objects of the Issue

  • Investment within the subsidiary, Nova Agri Sciences Private Limited for setting-up a brand new formula plant.
  • Funding Capital Expenditure within the Company, against growth of the present formula plant.
  • Funding of running capital necessities of the corporate.
  • Investment within the subsidiary, Nova Agri Sciences Private Limited, for investment running capital necessities.
  • General company functions.

Nova Agri Tech IPO Review (Apply or Not)

Brokerage Firm IPO Review

  • Capital Market: To be up to date quickly
  • Religare Broking: To be up to date quickly
  • Hem Securities: To be up to date quickly
  • Arihant Capital: To be up to date quickly

Nova Agri Tech IPO Date & Price Band Details

IPO Open: January [.] 2024
IPO Close: January [.] 2024
IPO Size: Approx ₹[.] Crores
Fresh Issue: Approx ₹140 Crores
Offer for Sale: Approx 7,758,620 Equity stocks
Face Value: ₹2 Per Equity Share
IPO Price Band: ₹[.] to ₹[.] Per Share
IPO Listing on: BSE & NSE
Retail Quota: 35%
QIB Quota: 50%
 NII Quota: 15%
Discount: N/A
DRHP Draft Prospectus: Click Here
RHP Draft Prospectus: Click Here
Anchor Investors List: Click Here

Nova Agri Tech IPO Market Lot

The Nova Agri Tech IPO minimal marketplace lot is [.] stocks with ₹[.] software quantity. The retail traders can follow up-to 13 a lot with [.] stocks or ₹[.] quantity.

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Application Lot Size Shares Amount
Retail Minimum 1 ₹-
Retail Maximum 13 ₹-
S-HNI Minimum 14 ₹-
B-HNI Minimum 68 ₹-

Nova Agritech IPO Allotment & Listing Dates

The Nova Agri Tech IPO date is 2024 and the shut date is January 2024. The Nova Agritech IPO allotment shall be finalized on 2024 and the IPO list on 2024.

Price Band Announcement: January 2024
Anchor Investors Allotment: January 2024
IPO Open Date: January 2024
IPO Close Date: January 2024
Basis of Allotment: January 2024
Refunds: January 2024
Credit to Demat Account: January 2024
IPO Listing Date: January 2024

You can take a look at IPO subscription standing and IPO allotment standing on their respective pages.

Nova Agri Tech IPO Form

How to use for the Nova Agri Tech IPO? You can follow for Nova Agri Tech IPO by way of ASBA to be had for your checking account. Just cross to the web financial institution login and follow by way of your checking account via settling on the Nova Agritech IPO within the Invest segment. The different possibility is you’ll be able to follow for Nova Agri Tech IPO by way of IPO bureaucracy downloaded by way of NSE and BSE. Check out the Nova Agri Tech bureaucracy – Click BSE Forms & NSE Forms clean IPO bureaucracy obtain, fill, and publish for your financial institution or together with your dealer.

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Nova Agri Tech Company Financial Report

  ₹ in Crores
Year Revenue Expense PAT
2021 ₹160.58 ₹152.26 ₹6.30
2022 ₹185.57 ₹167.17 ₹13.69
2023 ₹81.65 ₹73.21 ₹6.86

Nova Agritech IPO Valuation – FY2023

Check Nova Agri Tech IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.

Earning Per Share (EPS): ₹2.18 consistent with Equity Share
Price/Earning P/E Ratio: N/A
Return on Net Worth (RoNW): 31.69%
Net Asset Value (NAV): ₹6.89 consistent with Equity Share

Peer Group

  • Aries Agro Ltd
  • Aimco Pesticides Limited
  • Basant Agrotech Limited
  • Best Agrolife Limited
  • Bhagiradha Chemicals & Industries Ltd
  • Heranba Industries Limited
  • India Pesticides Limited
  • Madras Fertilizers Limited
  • Dharmaj Crop Guard Limited
  • Suraksha Agri Retails (India) Private Limited
  • Malathi S
  • Kiran Kumar Atukuri

Nova Agri Tech IPO Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/

Nova Agri Tech IPO Allotment Status Check

Check Nova Agri Tech IPO allotment standing on Bigshare web page allotment URL. Click Here

Nova Agri Tech IPO Lead Managers aka Merchant Bankers

  • Keynote Financial Services Ltd
  • Bajaj Capital Limited

Company Address

Nova Agri Tech Limited
Sy.No.251/A/1, Singannaguda Village
Mulugu Mandal
Siddipet, Medak- 502279
Phone: +91 84 54253446
Email: [email protected]
Website: https://novaagri.in/

Nova Agri Tech IPO FAQs

What is Nova Agri Tech IPO?

Nova Agri Tech IPO is a main-board IPO. They are going to lift ₹[.] Crores by way of IPO. The factor is priced at ₹[.] to ₹[.] pr fairness percentage. The IPO is to be indexed on BSE & NSE.

When Nova Agri Tech IPO will open?

The IPO is to open on January 2024 for QIB, NII, and Retail Investors.

What is Nova Agri Tech IPO Investors Portion?

The traders’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Nova Agri Tech IPO?

You can follow for Nova Agri Tech IPO by way of ASBA on-line by way of your checking account. You too can follow for ASBA on-line by way of UPI thru your inventory agents. You too can follow by way of your inventory agents via filling up the offline shape.

How to Apply the Nova Agri Tech IPO thru Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Nova Agri Tech”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now cross on your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Nova Agri Tech IPO thru Upstox?

Log in to the Upstox Application together with your credentials. Select the IPO. You will see the IPO Name “Nova Agri Tech”. Click on Bid Button. Confirm your Application. Now cross on your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Nova Agri Tech IPO thru Paytm Money?

Log in to Paytm Money Application together with your credentials. Select the IPO. You will see the IPO Name “Nova Agri Tech”. Click on Bid Button. Confirm your Application. Now cross on your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Nova Agri Tech IPO Size?

Nova Agri Tech IPO measurement is ₹[.] crores.

What is Nova Agri Tech IPO Price Band?

Nova Agri Tech IPO Price Band is ₹[.] to ₹[.].

What is Nova Agri Tech IPO Minimum and Maximum Lot Size?

The minimal bid is [.] Shares with ₹[.] quantity whilst the utmost bid is [.] stocks with ₹[.].

What is the Nova Agri Tech IPO Allotment Date?

Nova Agri Tech IPO allotment date is January 2024.

What is the Nova Agri Tech IPO Listing Date?

Nova Agri Tech IPO list date is January 2024. The IPO is to checklist on BSE and NSE.

Note: The Nova Agri Tech IPO worth band and date are formally introduced but. The IPO gray marketplace top rate (Nova Agri Tech IPO Premium) shall be added to the IPO gray marketplace web page as it’s going to get started).



– Source : IPOWATCH

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