January 23, 2024 - January 25, 2024

Nova AgriTech IPO Review & Recommendations

BP Equities (BP Wealth), Stoxbox by BP Equities Pvt Ltd, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to Nova AgriTech IPO. Dilip Davda has given "May Apply" recommendation to Nova AgriTech IPO. Capital Market has "Neutral" view about the IPO. Keynote Financial Service limited has "Not Rated" the IPO.

Nova AgriTech IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	4	1	1	0	1
%	57.14	14.29	14.29	0.00	14.29

Nova AgriTech IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
BP Equities (BP Wealth)	Apply
Capital Market	Neutral
Dilip Davda	May Apply
Keynote Financial Service limited	Not Rated
Stoxbox by BP Equities Pvt Ltd	Apply
Swastika Investmart Ltd	Apply
Ventura Securities Limited	Apply

Nova AgriTech IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Nova AgriTech IPO is 42. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	42	Avoid, however active risk seekers can try

Nova AgriTech IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive segment of agri-input. It posted growth for the last three fiscals, but H1 of FY24 indicates static performance. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long term rewards. Read detail review...

Nova AgriTech IPO Peer Comparison

Nova AgriTech Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Nova AgriTech Limited	3.27	3.27	10.09	13.05	38.27		Consolidated
Aries Agro Ltd	13.17	13.17	186.75	15.44	6.82	1.09	Consolidated
Aimco Pesticides Limited	-2.28	-2.28	48.30	-56.62	-4.52	2.67	Consolidated
Basant Agrotech Limited	2.02	2.02	18.86	10.54	11.34	1.13	Standalone
Best Agrolife Limited	19.91	19.91	152.04	41.93	14.02	5.49	Standalone
Bhagiradha Chemicals & Industries Ltd	44.35	44.35	301.34	11.30	17.95	1.66	Consolidated
Heranba Industries Limited	27.52	27.52	203.96	13.56	14.39	1.83	Standalone
India Pesticides Limited	12.57	12.57	67.30	29.51	20.44	5.51	Standalone
Madras Fertilizers Limited	11.50	11.50	-17.82	9.35	-46.77	-6.03	Standalone
Dharmaj Crop Guard Limited	12.03	12.03	95.10	21.89	16.30	2.77	Standalone

Source for Industry Peer information included above:

i. Closing price of these Equity Shares as on February 24, 2023 on NSE website

ii. All the financial information for listed industry peers mentioned above is consolidated (unless otherwise available only on standalone basis) and is sourced from the annual results/reports of the company for the year ended March 31, 2022.

Nova AgriTech IPO Review by Members

Nova AgriTech IPO Reviews, analysis and views by popular members. Read Nova AgriTech Limited IPO reviews by retail investors to find recommended ipo to buy.

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Nova AgriTech IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	1
%	0.00	0.00	0.00	100.00

Member	Review
Vicksa	Avoid Market too frothy January 23, 2024 3:58:51 PM

Member

Review

Vicksa

Avoid

Market too frothy

January 23, 2024 3:58:51 PM

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