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    5. NOVAAGRI

    Nova AgriTech Limited

    CLOSED

    IPO Date: 23 Jan - 25 Jan 2024

    Listing Date: 31 Jan 2024

    Price Range

    ₹39 to ₹41 per share

    Issue Size

    143.81 Cr

    Min Investment

    ₹14,235

    Lot Size

    365 Shares

    View IPO Document

    Schedule of Nova AgriTech Limited

    Issue open date

    23 Jan 2024

    Issue close date

    25 Jan 2024

    UPI mandate deadline

    25 Jan 2024 (5 PM)

    Allotment finalization

    29 Jan 2024

    Share credit

    30 Jan 2024

    Listing date

    31 Jan 2024

    Mandate end date

    9 Feb 2024

    Issue size

    Funds Raised in the IPOAmount
    Overall143.81 Cr
    Fresh Issue0 Cr
    Offer for Sale0 Cr

    Allotment DetailsNew

    Allotment TimelineDetails
    Allotment Date29 Jan 2024
    Allotment Link{Link}

    Grey Market PremiumNew

    Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

    DateIpo PriceGMPEstimated Listing Price
    31 Jan 2024₹41₹13₹54 (31.71%)
    30 Jan 2024₹41₹13₹54 (31.71%)
    29 Jan 2024₹41₹23₹64 (56.1%)
    28 Jan 2024₹41₹23₹64 (56.1%)
    27 Jan 2024₹41₹23₹64 (56.1%)
    26 Jan 2024₹41₹23₹64 (56.1%)
    25 Jan 2024₹41₹20₹61 (48.78%)
    24 Jan 2024₹41₹20₹61 (48.78%)
    23 Jan 2024₹41₹20₹61 (48.78%)
    22 Jan 2024₹41₹20₹61 (48.78%)
    21 Jan 2024₹41₹20₹61 (48.78%)

    Performance Nova AgriTech Limited

    Issue PriceListing GainCurrent Market PriceP/L
    ₹39 to ₹41 per share₹ 65 (40.85%) ₹ 51.3125.15%

    About Nova AgriTech Limited

    Founded in Hyderabad in May 2007, Nova AgriTech Limited manufactures products that help farmers grow crops better. The main focus is on three things: Soil health, plant nutrition and crop protection. The products are manufactured using technology and are designed to be environmentally friendly and nutritious. The company collaborates with farmers to gain insight into their needs and develop customized solutions that meet their requirements.The company manufactures, distributes and markets a broad range of product categories, including (a) soil health products, (b) crop nutrition products, (c) biostimulants, (d) biopesticides, (e) integrated pest management (IPM) products, (f) new technologies and (g) crop protection products. The subsidiary Nova Agri Sciences Private Limited is currently responsible for the production of crop protection products.As of January 31, 2023, the company has received a total of 629 product registrations. These registrations are divided into four categories, namely soil health management, plant nutrition, biopesticides and crop protection. These include 7 registrations in the soil health management category, 168 registrations in the plant nutrition category, 4 registrations in the biopesticide category and 450 registrations in the crop protection category.By January 31, 2023, the company has 13 Kisan Mitras and 253 Kisan Sevaks at its base.As on January 31, 2023, the Company has a team of 32 NKSK Coordinators, all of whom have a degree in Agricultural Sciences and are on the Company's payroll.The NKSK program comprises three levels: NKSK Coordinators, Kisan Mitras and Kisan Sevaks. This ensures personal contact with the farmers at the grassroots level.The company employs 215 people in its sales team. They manage brand sales, distribution channels, and product promotion.

    Founded in2007
    Managing director
    Parent organization

    Financial Overview

    Strengths

      Risks

        Subscription Figures

        CategorySubscription (No. of times)
        Qualified Institutional Buyers (QIBs)81.13
        Non-Institutional Investors (NIIs)233.03
        Retail Individual Investors (RIIs)80.2
        EmployeeN/A
        Total113.21