Nova Agritech
Nova Agritech Info
Details about the Nova Agritech IPO. Opening Date of Nova Agritech is 23 Jan 24 and Closing Date is 25 Jan 24 . Face Value of Each share of Nova Agritech is ₹10 per share. Price band of Nova Agritech is ₹39 to ₹41. The Lot size of Nova Agritech is 365 shares. Total issue size of Nova Agritech IPO is ₹143.81 cr. Fresh Issue of Nova Agritech IPO is 112 cr. Nova Agritech IPO also includes offer for sale of ₹31.81 cr.This is a Book Building IPO. Expected to list on NSE & BSE. Share Holding Pre Issue of Nova Agritech is 65,202,740. Share Holding Post Issue of Nova Agritech is 92,519,813.
Business Summary
Nova Agritech is an agri-input manufacturer specializing in soil health management, crop nutrition, and crop protection products. The company follows a tech-based, farmer-driven solution approach, emphasizing ecologically sustainable and nutritionally balanced products developed through extensive Research and Development.
The product portfolio includes a diverse range of categories, namely: (a) Soil health management products (b) Crop nutrition products (c) Bio-stimulant products (d) Bio-pesticide products (e) Integrated Pest Management products (f) New technologies (g) Crop protection products
As of November 30, 2023, Nova Agritech has received a total of 720 product registrations, including 7 in the soil health management category, 176 in the crop nutrition category, 4 in the bio-pesticide category, 7 in technical indigenous manufacturing, and 526 in the crop protection category. Notably, all 526 registrations in the crop protection category are under the name of its subsidiary, Nova Agri Sciences Private Limited.
Additionally, Nova Agritech has applied for 14 registrations for new products across various categories in the name of Nova Agri Sciences Private Limited and 22 new registrations under the name of Nova Agritech Limited.
Nova Agritech IPO Details
| Open Date | 23 Jan 24 |
|---|---|
| Close Date | 25 Jan 24 |
| Face Value | ₹10 per shares |
| Price Band | ₹39 - ₹41 |
| Lot Size | 365 Shares |
| Total issue Size | 35,075,693 Shares ₹143.81 cr |
| Fresh Issue | 27,317,073 Shares ₹112 cr |
| Offer for Sale | 7,758,620 Shares (₹31.81 cr) |
| Issue Type | Book Building |
| Listing At | NSE & BSE |
| Share Holding Pre Issue | 65,202,740 |
| Share Holding Post Issue | 92,519,813 |
| RHP , DHRP | View RHP, View DRHP |
Nova Agritech IPO Timeline
The Nova Agritech Initial Public Offering (IPO) is set to open on 23 Jan 24 and will end its subscription phase on 25 Jan 24. You can check your allotment status for Nova Agritech on 29 Jan 24. The refund process for your funds will start promptly on 30 Jan 24. Nova Agritech IPO credit of shares will be on 30 Jan 24. The listing date for Nova Agritech is on 31 Jan 24.
Open Date
Close Date
Basis Of Allotment
Initiation of Refund
Credit of Share
Listing Date
Nova Agritech IPO Reservation
The Nova Agritech IPO reserves shares for different investor categories. Approximately Not more than 50% of the Net Issue will be available for QIB, Not less than 15% of the Net Issue will be available for NII, Not less than 35% of the Net Issue will be available for Retail,
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% of the Net Issue |
| NII | Not less than 15% of the Net Issue |
| Retail | Not less than 35% of the Net Issue |
Nova Agritech IPO Lot Size
Bids can be made for minimum of 365 shares and in multiple of 365 equity shares thereafter
| Application | Lot | 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 Promoters Holding
Promoters holding details for Nova Agritech in the current issue is as follows: The share holding of promoters before the issue stands at 84.27%, and after the issue, it has been adjusted to -%.
Promoters of Nova Agritech are Surakshaagri Retails (India) Private Limited, Yeluri Family Trust, Malathi S, Kiran Kumar Atukuri,
| Share Holding Pre Issue | 84.27% |
|---|---|
| Share Holding Post Issue | -% |
Nova Agritech Financial Information
Financial performance details for Nova Agritech over the years are as follows: The table below presents key financial indicators, including Assets, Revenue, and Profit After Tax (PAT).
| Period | 30 Sept 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 196.37 | 180.78 | 160.29 | 147.43 |
| Revenue | 103.21 | 210.55 | 185.56 | 160.57 |
| Profit After Tax | 10.38 | 20.48 | 13.68 | 6.3 |
Nova Agritech IPO Key Performance Indicator
Key Performance Indicators (KPIs) for Nova Agritech are outlined below. Monitoring these KPIs provides insights into the company's operational and strategic performance. The table presents various performance indicators along with their corresponding values.
| KPI | Value |
|---|---|
| P/E (x) | 13.05 |
| ROCE | 27.25% |
| ROE | 38.27% |
| RoNW | 32.08% |
| EPS (Rs) | 3.14 |
Object of the Issue
- • Investment in the subsidiary, Nova Agri Sciences Private Limited for setting up a new formulation plant
- • Funding Capital Expenditure by the Company, towards expansion of the existing formulation plant
- • Funding of working capital requirement of the Company
- • Investment in the subsidiary, Nova Agri Sciences Private Limited, for funding working capital requirements
- • General corporate purposes
Contact Details for Nova Agritech
Phone
Office
Sy.No.251/A/1, Singannaguda Village, Mulugu Mandal, Siddipet, Medak, Telangana – 502279
Registrar Details for Nova Agritech
Bigshare Services Pvt Ltd
Phone
Office
: S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East) Mumbai – 400093 MH, India.
Lead Manager
- • Keynote Financial Services Limited