Nova Agri Tech IPO Overview:
Nova Agri Tech IPO Details: The Nova Agri Tech IPO has a confirmed date, scheduled to be launched on January 23 and concluding on January 25. The IPO aims to raise approximately ₹143.81 crores, comprising a fresh issue of ₹140 crores and an offer for sale involving 7,758,620 equity shares at ₹2 per share. The allocation breakdown includes 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs).
Nova Agritech is a leading agri-input manufacturer specializing in soil health management, crop nutrition, and crop protection products. Their approach centers around technology-driven solutions for farmers, emphasizing ecologically sustainable and nutritionally balanced products developed through extensive research and development. The company engages in the manufacturing, distribution, and marketing of various product categories, including soil health management, crop nutrition, biostimulants, biopesticides, Integrated Pest Management (IPM), new technologies, and crop protection products. Presently, their subsidiary, Nova Agri Sciences Private Limited, manufactures crop protection products.
As of January 31, 2023, Nova Agritech has secured a total of 629 product registrations across different categories. Notably, 450 registrations in the crop protection category are under the name of Nova Agri Sciences Private Limited. Additionally, they have applied for 53 registrations for new products under Nova Agri Sciences Private Limited (NASPL) and 26 under Nova Agritech Limited (NATL) in various categories.
Nova Agritech boasts a robust dealer network, comprising approximately 10,900 dealers, with around 6,200 actively distributing and selling products during the current financial year. The company’s dealer network spans 16 states in India and includes regions such as Andhra Pradesh, Telangana, Maharashtra, Karnataka, Madhya Pradesh, Rajasthan, Chhattisgarh, Tamil Nadu, Uttar Pradesh, Odisha, West Bengal, Bihar, Gujarat, Jharkhand, Uttarakhand, Jammu & Kashmir, and 2 locations in Nepal. Furthermore, Nova Agritech has entered into strategic marketing, distribution, and supply agreements with select third parties in Bangladesh, Sri Lanka, and Vietnam, awaiting necessary permissions to commence business in these jurisdictions.
Purpose of the Offering:
- Investment in Nova Agri Sciences Private Limited to establish a new formulation plant.
- Capital expenditure funding for the company’s expansion of the current formulation plant.
- Provision of capital for meeting the working capital needs of the company.
- Investment in Nova Agri Sciences Private Limited to support its working capital requirements.
- Allocation of funds for general corporate purposes.
Nova Agri Tech IPO Review (Apply or Not)
- May Apply
Brokerage Firm IPO Review
- Capital Market: To be updated soon
- Religare Broking: To be updated soon
- Hem Securities: To be updated soon
- Arihant Capital: To be updated soon
Nova Agri Tech IPO: Information on Date and Price Band.
| IPO Open: | 23-January-2024 |
| IPO Close: | 25-January-2024 |
| IPO Size: | Approx ₹143.81 Crores |
| Fresh Issue: | Approx ₹112 Crores |
| Offer for Sale: | Approx 7,758,620 Equity shares |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹39 to ₹41 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
The market lot for Nova Agri Tech IPO:
The minimum market lot for the Nova Agri Tech IPO consists of 365 shares, requiring an application amount of ₹14,965. Retail investors have the option to apply for up to 13 lots, equivalent to 4,745 shares or a total application amount of ₹194,545.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 365 | ₹14,965 |
| Retail Maximum | 13 | 4,745 | ₹194,545 |
| S-HNI Minimum | 14 | 5,110 | ₹209,510 |
| B-HNI Minimum | 67 | 24,455 | ₹1,002,655 |
Nova Agri tech IPO: Allotment and Listing Dates.
The Nova Agri Tech IPO is slated to commence on January 23, concluding on January 25. The finalization of allotments for the Nova Agritech IPO is anticipated on January 29, with the IPO scheduled for listing on January 31.
| Anchor Investors Allotment: | 19-January-2024 |
| IPO Open Date: | 23-January-2024 |
| IPO Close Date: | 25-January-2024 |
| Basis of Allotment: | 29-January-2024 |
| Refunds: | 30–January-2024 |
| Credit to Demat Account: | 30-January-2024 |
| IPO Listing Date: | 31-January-2024 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Applying for Nova Agri Tech
To participate in the Nova Agri Tech IPO, you have two primary application methods. Firstly, you can apply through the Application Supported by Blocked Amount (ASBA) facility available in your bank account. Simply access your online banking portal, navigate to the investment section, and select the Nova Agritech IPO for application.
Alternatively, you may opt to apply for the Nova Agri Tech IPO by downloading the IPO application forms from the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites. Access the Nova Agri Tech forms by clicking on the BSE Forms & NSE Forms links, download the blank IPO forms, complete them, and then submit them to your bank or broker for processing.
Nova Agri Tech Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹126.67 | ₹121.81 | ₹2.98 |
| 2021 | ₹160.92 | ₹152.26 | ₹6.30 |
| 2022 | ₹185.61 | ₹167.17 | ₹13.69 |
| 2023 6M | ₹81.98 | ₹73.21 | ₹6.86 |
Nova Agritech IPO Valuation – FY2023
Check Nova Agri Tech IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹2.18 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 31.69% |
| Net Asset Value (NAV): | ₹6.89 per 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
Company Promoters
- 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: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/
Nova Agri Tech IPO Allotment Status Check
Check Nova Agri Tech IPO allotment status on Bigshare website 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: ipo@novaagri.in
Website: https://novaagri.in/
