The Nova AgriTech IPO started on January 23, 2024, and ended on January 25, 2024. Shares were allocated on January 29, 2024, and refund processes began on January 30, 2024. On January 30, 2024, the shares were credited to investors demat accounts. Nova AgriTech was officially listed on the stock exchange on January 31, 2024.
During the IPO, Nova AgriTech offered shares at a price range of ₹39 to ₹41 per share, and the lot size was 365 shares. The total issue size was ₹143.81 crores, with ₹112.00 crores from new shares and ₹31.81 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Nova AgriTech IPO Subscription Update Video
Nova AgriTech IPO Subscription Status
The Nova AgriTech IPO on January 23, 2023 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times and the Employee category being subscribed times.
| Category | Subscription |
| QIB | x |
| NII | x |
| Retail | x |
| Employee | x |
| Total | x |
Nova AgriTech IPO Basic Details
| Company Name | Nova AgriTech Limited |
| Domain of Company | Agritech Company |
| 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 |
About Nova AgriTech Limited
Nova AgriTech Limited, founded in Hyderabad in May 2007, is dedicated to helping farmers improve their crop yields. Our primary focus revolves around enhancing soil health, providing optimal plant nutrition, and ensuring effective crop protection. We employ advanced technology to create environmentally friendly and nutritious products. By working closely with farmers, we develop customized solutions tailored to their specific needs.
Our diverse range of products includes soil health enhancers, crop nutrition solutions, biostimulants, biopesticides, integrated pest management (IPM) products, new technologies, and crop protection items. Our subsidiary, Nova Agri Sciences Private Limited, specializes in producing crop protection products.
As of January 31, 2023, we have obtained a total of 629 product registrations across four categories: soil health management, plant nutrition, biopesticides, and crop protection. These registrations include 7 for soil health management, 168 for plant nutrition, 4 for biopesticides, and 450 for crop protection.
As of the same date, we boast a team of 13 Kisan Mitras and 253 Kisan Sevaks. Additionally, our company employs 32 NKSK Coordinators, all with degrees in Agricultural Sciences and part of our payroll. The NKSK program operates at three levels: NKSK Coordinators, Kisan Mitras, and Kisan Sevaks, ensuring direct engagement with farmers at the grassroots level.
Our sales team, consisting of 215 dedicated individuals, manages brand sales, distribution channels, and product promotion, contributing to our commitment to supporting farmers and fostering sustainable agriculture.
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Nova AgriTech IPO FAQs
What is the start and end date of Nova AgriTech IPO Subscription?
The Nova AgriTech IPO started on January 23, 2024 and ended on January 25, 2024.
When does Nova AgriTech IPO Subscription open?
The Nova AgriTech IPO open on January 23, 2024.
When does Nova AgriTech IPO Subscription close?
The Nova AgriTech IPO Close on January 25, 2024.
What is the allotment date of Nova AgriTech IPO?
The allotment date for Nova AgriTech IPO is January 29, 2024.
When is the initial refund date of Nova AgriTech IPO?
The initial Refund date for Nova AgriTech IPO is January 30, 2024.
When were the shares credited to investors demat accounts for the Nova AgriTech IPO?
The shares for the Nova AgriTech IPO were credited to investors demat accounts on January 30, 2024.
When will Nova AgriTech IPO be listed on the stock market?
Nova AgriTech IPO stock market will be listed on January 31, 2024 at 10 am.
What was the price range of the Nova AgriTech IPO shares?
The Nova AgriTech IPO shares were offered at a price range of ₹39 to ₹41 per share.
What was the lot size for the Nova AgriTech IPO shares?
The lot size for the Nova AgriTech IPO shares was 365 shares.
What was the total issue size of the Nova AgriTech IPO?
The total issue size of the Nova AgriTech IPO was ₹143.81 crores.
How were the shares allocated among different types of investors for the Nova AgriTech IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Nova AgriTech IPO listed?
The Nova AgriTech IPO was listed on both the NSE and BSE.
What is the Nova AgriTech IPO Subscription Status?
Nova AgriTech IPO is subscribed Times.
