Nova Agri Tech IPO Details
| IPO Size | 143.81 |
| Price Range | ₹39 to ₹41 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE and BSE |
| Minimum Quantity | 365 |
| Investment (cut-off price) | ₹14,965 |
| Pre IPO Promotor Holding | 84.27% |
| Post IPO Promotor Holding | 59.39% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Nova Agri Tech IPO Timelines
23/01/2024
Start Date25/01/2024
End Date30/01/2024
Refund Initiation30/01/2024
Credit of Shares to Demat Ac31/01/2024
Listing DateNova Agri Tech IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 365 | ₹14,965 |
| Retail Maximum | 13 | 4745 | ₹194,545 |
| S-HNI Minimum | 14 | 5110 | ₹209,510 |
| B-HNI Minimum | 67 | 24455 | ₹1,002,655 |
Nova Agri Tech IPO Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 79.31 x | 224.08 x | 77.12 x | -- | 109.37 x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹55 | ₹57.75 | ₹57.75 | ₹55 |
Nova Agri Tech IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2020 | ₹126.67 | ₹121.81 | ₹2.98 |
| FY 2021 | ₹160.92 | ₹152.26 | ₹6.30 |
| FY 2022 | ₹185.61 | ₹167.17 | ₹13.69 |
| FY 2023 (6M) | ₹81.98 | ₹73.21 | ₹6.86 |
About Company
Nova Agritech Solutions is an agri-input manufacturer, established in 2007. It specializes in a range of products aimed at enhancing soil health, crop nutrition, and crop protection. The company focuses on technology-based solutions that prioritize ecological sustainability and nutritional balance, stemming from extensive Research and Development. The company’s product portfolio includes soil health management products, crop nutrition and biostimulant products, bio pesticides, Integrated Pest Management products, and advanced crop protection technologies.
Their subsidiary, Nova Agri Sciences Private Limited, manufactures the crop protection products. Nova Agritech Solutions has a robust dealer network, comprising approximately 11,722 dealers across 16 Indian states and two regions in Nepal, with plans to expand to Bangladesh, Sri Lanka, and Vietnam. The company primarily generates revenue from Andhra Pradesh, Karnataka, and Telangana.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2007 | Chemicals | Kiran Kumar |
Know Before Investing
Nova Agri Tech IPO Strengths
- The company is a one-stop solution for agri-tech products with its diversified branded product portfolio.
- It has an established distribution network across various geographies.
- The company is focused on strengthening farmer outreach through Nova Kisan Seva Kendra.
- It has technology-driven product development and marketing and a dedicated in-house R&D facility.
- Well-experienced management team.
Nova Agri Tech IPO Risks
- The company can be impacted negatively if there is any change in Government policies towards the agriculture sector or a reduction in subsidies and incentives provided to farmers.
- It has reported negative cash flows in the past.
- The company needs to obtain and maintain various licenses and permits.
- High working capital requirements.
- The business is subject to climatic conditions.
- A majority of the revenue comes from Andhra Pradesh, Karnataka and Telangana, which creates concentration risk.
Swot Analysis for Nova Agri Tech IPO
Strengths
Weaknesses
Opportunities
Threats
Contact Details of IXIGO
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Company Details
Nova AgriTech Limited
Sy.No.251/A/1, Singannaguda Village
Mulugu Mandal
Siddipet, Medak- 502279
Phone: +91 84 54253446
Email: [email protected]
Website: https://novaagri.in/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
FAQs
The key objectives of Nova AgriTech IPO are:
- Investment in their subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant.
- Funding Capital Expenditure in their Company, towards expansion of their existing formulation plant.
- Funding of working capital requirements of their Company.
- Investment in their subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements.