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

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 Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Net Worth	Reserves	Borrowing
31-Mar-21	147.44	160.93	6.30	1.00	29.43	16.41	51.10
31-Mar-22	160.30	185.61	13.69	2.18	43.19	30.10	64.27
31-Mar-23	180.78	210.93	20.49	3.27	63.88	50.59	70.96
30-Sep-23	196.37	103.24	10.38	1.66	74.23	60.97	68.50

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 Date	Jan 23, 2024 to Jan 25, 2024
Listing Date	Wednesday, January 31, 2024
Face Value	₹2 per share
Price	₹39 to ₹41 per share
Lot Size	365 Shares
Issue Size	35,075,693 shares of ₹2 (aggregating up to ₹143.81 Cr)
Fresh Issue	27,317,073 shares of ₹2 (aggregating up to ₹112.00 Cr)
Offer for Sale	7,758,620 shares of ₹2 (aggregating up to ₹31.81 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE, BSE
Share holding pre issue	65,202,740
Share holding post issue	92,519,813
Company Promoters	Suraksha Agri Retails (India) Private Limited, Malathi S, and Kiran Kumar Atukuri

Nova AgriTech IPO Reservation

QIB Shares Offered	50% of the Net Issue
NII (HNI) Shares Offered	15% of the Net Issue
Retail Shares Offered	35% 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.

Event	Date
Opening Date	23 January 2024 (Tuesday)
Closing Date	25 January 2024 (Thursday)
Basis of Allotment	29 January 2024 (Monday)
Initiation of Refunds	30 January 2024 (Tuesday)
Credit of Shares to Demat	30 January 2024 (Tuesday)
Listing Date	31 January 2024 (Wednesday)
Deadline for UPI mandate confirmation	5 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.

Application	Lots	Shares	Amount
Retail (Min)	1	365	₹14,965
Retail (Max)	13	4,745	₹194,545
S-HNI (Min)	14	5,110	₹209,510
S-HNI (Max)	66	24,090	₹987,690
B-HNI (Min)	67	24,455	₹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 Holding	84.27%
Post Issue Share Holding	59.39%

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.

KPI	Values
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 Ratio	1.11
Price/Book Value Ratio	4.06

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

Date	GMP	Kostak	Subject to
Today	₹20	–	–
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.

Category	Subscription
QIB	81.13x
NII	233.03x
Retail	80.20x
Total	113.21x

Nova AgriTech IPO Prospectus

Nova AgriTech IPO DRHP	Download
Nova AgriTech IPO RHP	Download
Nova AgriTech IPO Anchor Investors Details PDF	Download

Nova AgriTech IPO Rating

Our Rating

3.5/5.0

Nova AgriTech Company Contact Information

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
E-mail: ipo@novaagri.in
Website: www.novaagri.in
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
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Contact Person: Jibu John
Website: www.bigshareonline.com
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
E-mail: mbd@keynoteindia.net
Website: https://keynoteindia.net/
Investor grievance e-mail: investors@keynoteindia.net
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
E-mail: info@bajajcapital.com
Website: www.bajajcapital.com
Investor grievance e-mail: info@bajajcapital.com
Contact person: P. Balraj
SEBI Registration No: INM000010544

Nova AgriTech IPO FAQs