The Nova AgriTech IPO commenced on January 23, 2024, and concluded on January 25, 2024. The allotment of shares took place on January 29, 2024, and the initiation of refunds began on January 30, 2024. The shares were credited to the demat accounts of investors on January 30, 2024. Finally, the listing of Nova AgriTech on the stock exchange occurred on January 31, 2024.
The Nova AgriTech IPO was priced at ₹39 to ₹41 per share, with a lot size of 365 shares. The total issue size was ₹143.81 crores, comprising a fresh issue of ₹112.00 crores and an offer for sale of ₹31.81 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.
Nova AgriTech IPO Basic Details
| Company Name | Nova AgriTech Limited |
| Domain of Company | Agritech Company |
| Nova AgriTech IPO GMP Today | ₹20 |
| Nova AgriTech IPO Listing Gain | 48.78% |
| Nova AgriTech IPO Open Date | January 23, 2024 |
| Nova AgriTech IPO Close Date | January 25, 2024 |
| Nova AgriTech IPO Allotment Date | January 29, 2024 |
| Nova AgriTech IPO Listing Date | January 31, 2024 |
| Face Value | ₹10 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 |
| Company Promoters | Suraksha Agri Retails (India) Private Limited, Malathi S, and Kiran Kumar Atukuri |
Nova AgriTech IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹20 | 48.78% | – | – |
| 21 January 2023 | ₹20 | 48.78% | – | – |
| 20 January 2023 | ₹20 | 48.78% | – | – |
Nova AgriTech IPO Details:
Nova AgriTech Limited, established in May 2007 in Hyderabad, is dedicated to supporting farmers in enhancing their crop yields. Our primary focus revolves around three key areas: soil health, plant nutrition, and crop protection. Utilizing advanced technology, we manufacture environmentally friendly and nutrient-rich products. Through close collaboration with farmers, we tailor solutions to meet their specific needs.
Our diverse product range encompasses soil health products, crop nutrition products, biostimulants, biopesticides, integrated pest management (IPM) products, new technologies, and crop protection products. Our subsidiary, Nova Agri Sciences Private Limited, specializes in the production of crop protection products.
As of January 31, 2023, we have obtained a total of 629 product registrations, categorized into soil health management, plant nutrition, biopesticides, and crop protection. These include 7 registrations for soil health management, 168 for plant nutrition, 4 for biopesticides, and 450 for crop protection.
As of January 31, 2023, we proudly have 13 Kisan Mitras and 253 Kisan Sevaks in our network.
Our dedicated team comprises 32 NKSK Coordinators, all holding degrees in Agricultural Sciences and employed by the company. The NKSK program operates through three levels: NKSK Coordinators, Kisan Mitras, and Kisan Sevaks, ensuring direct farmer engagement at the grassroots level.
Our sales team, consisting of 215 individuals, oversees brand sales, distribution channels, and product promotion, working together to bring the benefits of our agricultural solutions to farmers across the country.
Nova AgriTech IPO More Details Click Here
Nova AgriTech IPO FAQs
When is Nova AgriTech IPO open?
Nova AgriTech IPO will open on 23 January 2024.
When is Nova AgriTech IPO Close?
Nova AgriTech IPO will be closed on 25 January 2024.
What is Nova AgriTech IPO GMP Today?
The Nova AgriTech IPO GMP aka Grey Market Premium is ₹20.
What is Nova AgriTech IPO Kostak Rates Today?
The Nova AgriTech IPO Kostak Rate is ₹000.
What is Nova AgriTech IPO Subject to Sauda Price Today?
The Nova AgriTech IPO subject to sauda rates is ₹000.
Nova AgriTech IPO Expected Returns?
The Nova AgriTech expected return is 48.78%.
How much will be the listing gain in Nova AgriTech IPO?
Nova AgriTech IPO will get listing gain of 48.78%. (Approx.)
