Nova AgriTech Limited IPO
- IPO Date23 Jan, 2024 to 25 Jan, 2024
- Listing Date31 Jan, 2024
- Face Value₹2 per share
- Issue Price₹39 to ₹41 per share
- Lot Size365 Shares
- Minimum Investment₹14,965
- Listing AtBSE, NSE
- Total Issue Size3,50,75,693 Shares
(aggregating up to ₹143.81 Cr) - Fresh Issue2,73,17,073 Shares
(aggregating up to ₹112.00 Cr)
- Offer for Sale77,58,620 Shares
(aggregating up to ₹31.81 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue6,52,02,740
- Shareholding post issue9,25,19,813
IPO Dates
Closing Date
25 Jan, 2024
Initiation of Refunds
30 Jan, 2024
Listing Date
31 Jan, 2024
23 Jan, 2024
Opening Date
29 Jan, 2024
Basis of Allotment
30 Jan, 2024
Credit of Shares
Nova AgriTech Limited Lot Size
Investors can bid for a minimum of 365 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 365 | ₹14,965 |
| B-HNI (Min) | 67 | 24455 | ₹10,02,655 |
| S-HNI (Max) | 66 | 24090 | ₹9,87,690 |
| S-HNI (Min) | 14 | 5110 | ₹2,09,510 |
| Retail (Max) | 13 | 4745 | ₹1,94,545 |
Nova AgriTech Limited Promoter Holding
The promoters of the company are Suraksha Agri Retails (India) Private Limited, Malathi S, and Kiran Kumar Atukuri.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 84.27% | 59.39% |
Nova AgriTech Limited COMPANY INFORMATION
Nova AgriTech IPO is a book built issue of Rs 143.81 crores. The issue is a combination of fresh issue of 2.73 crore shares aggregating to Rs 112.00 crores and offer for sale of 0.78 crore shares aggregating to Rs 31.81 crores. Nova AgriTech IPO bidding started from January 23, 2024 and ended on January 25, 2024. The allotment for the Nova AgriTech IPO is expected to be finalized on Monday, January 29, 2024. Nova AgriTech IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, January 31, 2024. Nova AgriTech IPO price band is set at ₹39 to ₹41 per share. The minimum lot size for an application is 365 Shares. The minimum amount of investment required by retail investors is ₹14,965. The minimum lot size investment for sNII is 14 lots (5,110 shares), amounting to ₹209,510, and for bNII, it is 67 lots (24,455 shares), amounting to ₹1,002,655. Keynote Financial Services Ltd and Bajaj Capital Limited are the book running lead managers of the Nova AgriTech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. Refer to Nova AgriTech IPO RHP for detailed information.
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.
FAQs About Nova Agritech Limited Ipo
Nova AgriTech Limited IPO will open on 23 Jan, 2024 and close on 25 Jan, 2024. Investors must apply within this period to participate.
The Nova AgriTech Limited IPO price band is set between ₹39.00 and ₹41.00 per share. The minimum lot size is 365, requiring an investment of at least ₹14965.00.
The Nova AgriTech Limited IPO shares are expected to be listed on 31 Jan, 2024, subject to regulatory approvals and final allotment.
You can track your Nova AgriTech Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Nova AgriTech Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.