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Nova Agritech Ltd

Nova Agritech Ltd IPO Details

Listing Date

31 Jan 2024

Bid Price

₹41 - ₹41

Lot Size

365 Shares

Minimum Investment

₹14,965 / Lot

Issue Size

₹143.81 Cr

Schedule

    Here are the important dates you need to know in order to participate in this IPO

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Offer Start Date

23rd Jan

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Offer End Date

25th Jan

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Allotment Date

29th Jan

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Refund Initiation

30th Jan

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Demat Transfer

30th Jan

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Listing Date

31st Jan

Nova Agritech Ltd Shareholding Pattern

  Pre-Issue Post-Issue
Promoter Group 84.27% 0%
Public Group 15.73% 0%

Nova Agritech Ltd IPO Reservation

QIB Shares Offered 70,15,139 (20%)
NII (HNI) Shares Offered 52,61,354 (15%)
Retail Shares Offered 1,22,76,492 (35%)
Anchor Investor Shares Offered 1,05,22,708 (30%)
Total Shares Offered 3,50,75,692
Total Shares With Anchor Investor 3,50,75,692

Nova Agritech Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 365 ₹14,965
Retail (Max) 13 4,745 ₹1,94,545
S HNI (Min) 14 5,110 ₹2,09,510
S HNI (Max) 66 24,090 ₹9,87,690
B HNI (MIN) 67 24,455 ₹10,02,655

Nova Agritech Ltd IPO registrar

Bigshare Services Pvt Ltd
Phone Number +91 22 6263 8200
Email Id ipo@bigshareonline.com
Website www.bigshareonline.com

Nova Agritech Ltd IPO Lead Manager

1. Keynote Financial Services Ltd

2. Bajaj Capital Ltd

Nova Agritech Ltd Financial Information

March 31, 2024 March 31, 2023 March 31, 2022
Net Worth ₹193.1 Cr ₹63.88 Cr ₹43.19 Cr
Reserves and Surplus ₹175.1 Cr ₹51.34 Cr ₹30.65 Cr
Total Borrowing ₹61.2 Cr ₹70.96 Cr ₹64.27 Cr

Nova Agritech Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid Subscription (Times)
Qualified Institutional Buyers (QIBs) 71,76,461 56,91,65,305 79.31
Non Institutional Investors (NIIs) 54,71,486 1,22,60,29,160 224.08
Retail Individual Investors (RIIs) 1,27,66,799 98,45,38,955 77.12
Total 2,54,14,746 2,77,97,33,420 109.37

Strength of Nova Agritech Ltd

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

Risks Involved

  • The strength of its brands is crucial to the company growth and success and its may not succeed in continuing to maintain and develop the company brands.
  • The company propose to utilise portion of the Net Proceeds of the Offer for investment in its subsidiary, Nova Agri Sciences Private Limited for setting-up formulation plant and funding Capital Expenditure by the Company towards setting up its formulation plant, which may be subject to delays, cost overruns, and other risks and uncertainties.
  • The company intend to utilize a portion of the Net Proceeds towards investment in its subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant and towards funding Capital Expenditure in Nova Agritech Limited for expansion of the existing formulation plant. The company has yet to place orders for plant and machinery for the proposed new formulation plant and expansion of its existing formulation plant. Any delay in undertaking such and not adhering to the schedule of implementation could have a material adverse effect on the company business growth and prospects, financial condition and results of operations.
  • The company's business depends on the Promoters and senior management and its ability to attract and retain key personnel. Any attrition rate of the company senior management may affect its business growth.
  • If the company is unable to effectively manage or expand the dealer network and operations or pursue its growth strategy and maintain healthy relations with existing dealers, The company sales may be affected and its may not achieve the company expected levels of profitability which may adversely affect its business prospects, financial condition and results of operations.
  • The company is required to obtain and maintain various licences and permits for its business.
  • The company Promoter and certain of its Directors may have interest in entities, which are engaged in lines of business similar to that of the Company. Any conflict of interest which may occur between its business and the activities undertaken by such entities could adversely affect the company business and prospects.
  • The Company, its Subsidiaries, Promoters and Directors are involved in certain legal proceedings and potential litigation. Any adverse decision in such proceedings may render it/them liable to liabilities/penalties and may adversely affect its business and results of operations.
  • The agreements governing the Company's indebtedness contain conditions and restrictions on its operations, additional financing and capital structure.
  • The Company has negative cash flow during certain fiscal years; details of which are given below. Sustained negative cash flow could adversely impact its business, financial condition and results of operations.
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Frequently Asked Questions

What is Nova Agritech Ltd IPO?

Answer Field

Nova Agritech Ltd IPO is a Mainboard IPO of 3,50,75,692 equity shares of a face value of ₹2 aggregating up to ₹143.81 Crores. The issue is priced at ₹41 to ₹41 per share. The minimum order quantity is 365 Shares. The IPO opens on January 23, 2024, and closes on January 25, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Nova Agritech Ltd IPO will open?

Answer Field

The Nova Agritech Ltd IPO opens on January 23, 2024 and closes on January 25, 2024.

What is the lot size of Nova Agritech Ltd?

Answer Field

Nova Agritech Ltd lot size is 365 shares, and the minimum amount required is ₹14,965.

How to apply for Nova Agritech Ltd IPO?

Answer Field

You can apply in Nova Agritech Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Nova Agritech Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Nova Agritech Ltd IPO will be done on January 29, 2024, and the allotted shares will be credited to your demat account by January 30, 2024.

When is Nova Agritech Ltd IPO listing date?

Answer Field

The Nova Agritech Ltd listing date is January 31, 2024.

Who is the registrar of Nova Agritech Ltd IPO?

Answer Field

The registrar of Nova Agritech Ltd IPO is Bigshare Services Pvt Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Keynote Financial Services Ltd,Bajaj Capital Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Nova Agritech Ltd IPO?

Answer Field

The fresh issue size is ₹112 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Nova Agritech Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 365 shares and ₹14,965 amount.

How can I approve the UPI mandate request for Nova Agritech Ltd IPO?

Answer Field

To apply for Nova Agritech Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Nova Agritech Ltd?

Answer Field

The price of each Nova Agritech Ltd share will be ranging in between ₹41 to ₹41 per share.

What is the cut-off time for the UPI mandate for Nova Agritech Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, January 25, 2024.

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