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

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 2024411354 (31.71%)
30 Jan 2024411354 (31.71%)
29 Jan 2024412364 (56.1%)
28 Jan 2024412364 (56.1%)
27 Jan 2024412364 (56.1%)
26 Jan 2024412364 (56.1%)
25 Jan 2024412061 (48.78%)
24 Jan 2024412061 (48.78%)
23 Jan 2024412061 (48.78%)
22 Jan 2024412061 (48.78%)
21 Jan 2024412061 (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