Nova AgriTech IPO Details | GMP, Date, Price, Review

Nova AgriTech IPO

Table of Contents

Nova AgriTech IPO Details ( Nova AgriTech Limited IPO Review )

(23 Jan 2024 – 25 Jan 2024)

Nova AgriTech Limited, established in Hyderabad in May 2007, is dedicated to helping farmers enhance their crop yields. Our primary focus revolves around three key aspects: Soil health, plant nutrition, and crop protection. We utilize advanced technology to produce environmentally friendly and nutritious solutions, collaborating closely with farmers to tailor our products to their specific needs.

Our diverse product range includes soil health products, crop nutrition products, biostimulants, biopesticides, integrated pest management (IPM) products, new technologies, and crop protection products. Nova Agri Sciences Private Limited, our subsidiary, oversees the production of crop protection items.

As of January 31, 2023, we’ve secured a total of 629 product registrations in four categories: soil health management, plant nutrition, biopesticides, and crop protection. This comprises 7 registrations for soil health management, 168 for plant nutrition, 4 for biopesticides, and 450 for crop protection.

As of the same date, our company boasts 13 Kisan Mitras and 253 Kisan Sevaks. Additionally, we have a dedicated team of 32 NKSK Coordinators, all holding degrees in Agricultural Sciences and on our payroll. The NKSK program is structured into three levels – NKSK Coordinators, Kisan Mitras, and Kisan Sevaks – ensuring direct engagement with farmers at the grassroots level.

To support our mission, our sales team of 215 individuals manages brand sales, distribution channels, and product promotion. This commitment reflects our ongoing efforts to provide accessible and effective agricultural solutions to farmers across the country.

Nova AgriTech Limited IPO Competitive Strength

  • 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
  • Experienced Management Team and Promoters
  • Well Equipped Research & Development facility

Nova AgriTech IPO Financials Performance ( Results )

Nova AgriTech Limited Financial Information (Restated Consolidated)

All Amount in ₹ Crores

Period EndedTotal AssetsTotal RevenuePATEPS
Net WorthReservesBorrowing

Objective of Nova AgriTech IPO Issue

  • Investment in the subsidiary, Nova Agri Sciences Private Limited for setting-up a new formulation plant;
  • Funding Capital Expenditure in the Company, towards expansion of the existing formulation plant;
  • Funding of working capital requirements of the company;
  • Investment in the subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements; and
  • General corporate purposes.

Nova AgriTech IPO Basic Details

IPO DateJan 23, 2024 to Jan 25, 2024
Listing DateWednesday, January 31, 2024
Face Value₹2 per share
Price₹39 to ₹41 per share
Lot Size365 Shares
Issue Size35,075,693 shares of ₹2
(aggregating up to ₹143.81 Cr)
Fresh Issue27,317,073 shares of ₹2
(aggregating up to ₹112.00 Cr)
Offer for Sale7,758,620 shares of ₹2
(aggregating up to ₹31.81 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE, BSE
Share holding pre issue65,202,740
Share holding post issue92,519,813
Company PromotersSuraksha Agri Retails (India) Private Limited,
Malathi S, and Kiran Kumar Atukuri

Nova AgriTech IPO Reservation

QIB Shares Offered50% of the Net Issue
NII (HNI) Shares Offered15% of the Net Issue
Retail Shares Offered35% of the Net Issue

Nova AgriTech IPO Timetable

Nova AgriTech IPO will open on January 23, 2024 and close on January 25, 2024. You can join Nova AgriTech IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Opening Date23 January 2024 (Tuesday)
Closing Date25 January 2024 (Thursday)
Basis of Allotment29 January 2024 (Monday)
Initiation of Refunds30 January 2024 (Tuesday)
Credit of Shares to Demat30 January 2024 (Tuesday)
Listing Date31 January 2024 (Wednesday)
Deadline for UPI mandate confirmation5 PM on 25 January 2024

Nova AgriTech IPO Lot Size

For retail investors in Nova AgriTech IPO, 365 shares will come in 1 lot or the minimum investment will be ₹14,965. Retail-individual investors can apply for up to 13 lots or the maximum investment will be ₹194,545.

Retail (Min)1365₹14,965
Retail (Max)134,745₹194,545
S-HNI (Min)145,110₹209,510
S-HNI (Max)6624,090₹987,690
B-HNI (Min)6724,455₹1,002,655

Nova AgriTech IPO Promoter Holding

The company’s promoters include Suraksha Agri Retails (India) Private Limited, Malathi S, and Kiran Kumar Atukuri.

Pre Issue Share Holding84.27%
Post Issue Share Holding59.39%

Nova AgriTech Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

Market Cap (₹ Cr.)379.33
Earning Per Share (EPS)₹3.27 per Equity Share
Net Asset Value (NAV)₹10.19 per Equity Share
P/E Ratio (P/E) (x)13.05
Post P/E Ratio (P/E) (x)18.27
Return on Net Worth (RoNW) (%)32.08
Return on equity (ROE) (%)38.27
Return on Capital Employed (ROCE) (%)27.25
Debt/Equity Ratio1.11
Price/Book Value Ratio4.06

Nova AgriTech IPO GMP Live Update, Kostak Rate day by day

DateGMPKostakSubject to
22 January 2024₹20
21 January 2024₹20

Nova AgriTech IPO Detail Video:

Nova AgriTech IPO Subscription Status (Bidding Detail)

The Nova AgriTech IPO on January 25, 2024 at 7:30:00 PM was subscribed 113.21 times, with the retail category being subscribed 80.20 times, the NII (Non-Institutional Investor) category being subscribed 233.03 times, QIB (Qualified-Institutional Buyers) category being subscribed 81.13 times.


Nova AgriTech IPO Prospectus

Nova AgriTech IPO DRHPDownload
Nova AgriTech IPO RHPDownload
Nova AgriTech IPO Anchor Investors Details PDFDownload

Nova AgriTech IPO Rating

Our Rating3.5/5.0

Nova AgriTech Company Contact Information

Nova AgriTech Limited

Nova AgriTech Limited

Corporate Identity Number: U01119TG2007PLC053901
Registered and Corporate Office: Sy.No.251/A/1, Singannaguda Village, Mulugu Mandal, Siddipet, Medak, Telangana – 502279
Tel: +91 84 54253446
Contact Person: Neha Soni, Company Secretary and Compliance Officer
Tel: +91 84 54253446
Our Promoters: Suraksha Agri Retails (India) Private Limited, Yeluri Family Trust, Malathi S and Kiran Kumar Atukuri

Nova AgriTech IPO Registrar

Bigshare Services Private Limited

Registered Office: Office No S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093, India
Tel: +91 22 6263 8200; Facsimile: +91 22 6263 8280
Investor grievance email:
Contact Person: Jibu John
SEBI Registration Number: INR000001385

Nova AgriTech IPO Lead Manager

Keynote Financial Services Limited

Registered Office: The Ruby, 9th Floor, Senapati Bapat Marg, Dadar (W), Mumbai – 400 028
Tel: +91 22 6826 6000
Investor grievance e-mail:
Contact person: Radha Kirthivasan/ Sunu Thomas
SEBI Registration No: INM000003606

Bajaj Capital Limited

Registered Office: Mezzanine Floor, Bajaj House, 97, Nehru Place, New Delhi -110019, India
Tel: +91 11 4169 3000
Investor grievance e-mail:
Contact person: P. Balraj
SEBI Registration No: INM000010544

Nova AgriTech IPO FAQs

What is the lot size of Nova AgriTech IPO?

The total size of Nova AgriTech IPO is ₹143.81 crores out of which ₹112.00 crores is fresh issue and ₹31.81 crores is offer for sale (OFS).

When will Nova AgriTech IPO start?

Nova AgriTech IPO will open from 23 January 2024 and IPO will close on 25 January 2024.

What is the open date of Nova AgriTech IPO?

Nova AgriTech IPO will open date from 23 January 2024.

What is the last date ( close date ) of Nova AgriTech IPO?

Nova AgriTech IPO will close from 25 January 2024.

What is the price band of Nova AgriTech IPO?

Nova AgriTech IPO price band is ₹39 to ₹41. ( Upper Price Band: ₹41, Lower Price Band: ₹39 )

What is the minimum amount required to apply for Nova AgriTech IPO?

The minimum investment for retailers to apply for Nova AgriTech IPO is ₹14,965 and the maximum investment is ₹194,545.

What is going on gray market premium of Nova AgriTech IPO?

View gray market premium of Nova AgriTech IPO by Clicking Here

How much is the GMP of Nova AgriTech IPO?

Watch Nova AgriTech IPO GMP Today: Click Here

What is the allotment date of Nova AgriTech IPO?

The allotment date of Nova AgriTech IPO is 29 January 2024.

How to check allotment status in Nova AgriTech IPO?

To check the allotment status of Nova AgriTech IPO, first of all go to the registrar website by clicking here, select your bad Nova AgriTech IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )

What is the listing date of Nova AgriTech IPO?

The listing date of Nova AgriTech IPO is 31 January 2024.

How much will be the listing gain in Nova AgriTech IPO?

View listing gain of Nova AgriTech IPO by Clicking Here

How much time Nova AgriTech IPO is subscribed?

Total 113.21 times subscribed in Nova AgriTech IPO out of which 80.20 times subscription was done in retail quota, 233.03 times subscription in NII quota and 81.13 times subscription in QIB quota.

How to apply for Nova AgriTech IPO from Upstox?

Click Here to see how to apply for Nova AgriTech IPO from Upstox. (step by step)

How to apply for Nova AgriTech PO from Zerodha?

Click Here to see how to apply for Nova AgriTech IPO from Zerodha. (step by step)

How to apply for Nova AgriTech IPO from Angle One?

Click Here to see how to apply for Nova AgriTech IPO from Angle One. (step by step)

Leave a Reply

Your email address will not be published. Required fields are marked *